Good day, I'm posting this question again but not as a picture because I realised some of
Question:
Good day, I'm posting this question again but not as a picture because I realised some of the figures weren't clearly visible thus causing further confusion on my part when the answer came back, thank you in advance.
Judy decided to start her own gift basket business. Here is a summary of transactions she made for the month of September
Sept. 1: Judy invested $10,000 to start her new business.
Sept. 2: Judy paid $900 in cash for gift basket supplies to make gift baskets.
Sept. 3: Judy paid $800 rent for the month of September for her storefront.
Sept. 4: Judy bought $400 worth of office equipment (desk, chairs). .
Sept 28: Judy sold $2,200 in gift baskets and gift basket accessories.
Sept. 29: Judy bought $1,500 worth of straw and birchwood to make gift baskets on credit payable in 90 days.
Sept. 30: Judy took inventory at the end of the month and found she had $1,800 worth of gift
basket supplies remaining.
Required:
Prepare a worksheet indicating the accounting equation using the above transactions. (10 marks)
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones