Bob Sample opened the Campus Laundromat on September 1, 2022. During the first month of operations, the following transactions occurred. Sept 1 Bob invested $20,000 cash in the business. Sept 2 The company paid $1,000 cash for store rent for September. Sept 3 Purchased washers and dryers for $25,000, paying $10,000 in cash and signing a $15,000, 6-month, 12% note payable. Sept 10 Received a bill from the Daily News for online advertising of the opening of the laundromat $200. Sept 20 Bob withdrew $700 cash for personal use. Sept 30 The company determined that cash receipts for laundry services for the month were $6,200. Sept 4 Paid $1,200 for a one-year accident insurance policy. Prepare the Business’ Statement of Financial Position ( Balance Sheet) as at 30th September 2012
Bob Sample opened the Campus Laundromat on September 1, 2022. During the first month of operations, the following transactions occurred.
Sept 1 Bob invested $20,000 cash in the business.
Sept 2 The company paid $1,000 cash for store rent for September.
Sept 3 Purchased washers and dryers for $25,000, paying $10,000 in cash and signing a $15,000, 6-month, 12% note payable.
Sept 10 Received a bill from the Daily News for online advertising of the opening of the laundromat $200.
Sept 20 Bob withdrew $700 cash for personal use.
Sept 30 The company determined that cash receipts for laundry services for the month were $6,200.
Sept 4 Paid $1,200 for a one-year accident insurance policy.
Prepare the Business’
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