You are opening a lemonade stand. You use $1,000 of your money to open stand. You...

   

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You are opening a lemonade stand. You use $1,000 of your money to open stand. You purchase a stand for $250. You purchase supplies for $250. On your first day you have sales of $100 On your second day you have sales of $150 You hire a friend for the weekend to help you pay them $50 You pay rent for the location your stand is set up for $50 Over the weekend you have sales of $200 You need more supplies so you purchase $200 worth on credit You need equipment to make the lemonade because you cannot do it by hand anymore, the machine cost $500 you buy it on credit You made $600 in sales on the last weekend of month Create the Taccounts for the transactions Create the journal entries for the transactions You are opening a lemonade stand. You use $1,000 of your money to open stand. You purchase a stand for $250. You purchase supplies for $250. On your first day you have sales of $100 On your second day you have sales of $150 You hire a friend for the weekend to help you pay them $50 You pay rent for the location your stand is set up for $50 Over the weekend you have sales of $200 You need more supplies so you purchase $200 worth on credit You need equipment to make the lemonade because you cannot do it by hand anymore, the machine cost $500 you buy it on credit You made $600 in sales on the last weekend of month Create the Taccounts for the transactions Create the journal entries for the transactions

Answer rating: 100% (QA)

TAccounts Assets Cash1000 Stand250 Supplies0 Equipment0 Liabilities A... View the full answer