1. Christine invested $8,000 cash in the business 2. Paid $1,400 cash for the truck lease for the month of February 3. Received $6,500 from a customer for providing food at their construction site during the month 4. Paid $500 cash for gas 5. Paid $700 cash to Helpful Entrepreneur for consulting services 6. Purchased office equipment worth $900 on account 7. Christine withdrew $2,500 cash for personal use 8. Donated $800 cash to the Canadian Red Cross 9. Provided $2,000 worth of catering services for a client on account 10. Made partial payment of $500 on the equipment that was purchased on account 11. Received $500 cash for services to be provided next month 12. Collected $1,000 cash from a client who owed for services provided earlier in the month Prepare the T-account worksheet.

1. Christine invested $8,000 cash in the business 2. Paid $1,400 cash for the truck lease for the month of February 3. Received $6,500 from a customer for providing food at their construction site during the month 4. Paid $500 cash for gas 5. Paid $700 cash to Helpful Entrepreneur for consulting services 6. Purchased office equipment worth $900 on account 7. Christine withdrew $2,500 cash for personal use 8. Donated $800 cash to the Canadian Red Cross 9. Provided $2,000 worth of catering services for a client on account 10. Made partial payment of $500 on the equipment that was purchased on account 11. Received $500 cash for services to be provided next month 12. Collected $1,000 cash from a client who owed for services provided earlier in the month Prepare the T-account worksheet.

Name: Christine Jacob operates a catering business that specializes in deli
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Description: Christine Jacob operates a catering business that specializes in delivering food to construction sites. During themonth of February 2021, she completed the following transactions.1. Christine invested $8,000 cash in the business2. Paid $1,400 cash f

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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