Brianne recently started her own shoe repair business. The following are the transactions during the first month of operations September 2013) 1. Brianne invested money in the business 2 Paid two months of rent in advance. $14.000 $1.200 3. Purchased store appliances for cash $3.400 $370 4 Incured business registration expenses, paid with cash 5. Paid travel expenses with cash 6 Made cash sales during the month. $1.000 $2.900 $1.000 $2600 $740 $00 7. Paid salary to an assistant with cash 8. Bomowed money from the bank 9. Received bils for September's electnoty, water and telephone, to be pad next month 10. Brianne withdrew cash for peronal purposes De not enter.dollarsigns.or.commas.in.the incut bes Uthe nesatoisn.fora.net.kess Ibe LAccount felds acelabled by taction.nuter. Becord each tansaction.by.entering theatut LAccount field he cortespondiog Required

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Brianne recently started her own shoe repair business. The following are the transactions during the first monith of operations
(September 2013):
$14,000
1. Brianne invested money in the business.
2. Paid two months of rent in advance.
$1.200
3. Purchased store appliances for cash.
$3,400
4. Incurred business registration expenses, paid with cash.
5. Paid travel expenses with cash
$370
$1.000
$2.900
$1000
6. Made cash sales during the month
7. Paid salary to an assistant with cash
$2,600
8. Borrowed money from the bank.
9. Received bills for September's electricity, water and telephone, to be paid next month,
10. Brianne withdrew cash for personal purposes
$740
$00
Do not enter dollar signs.or.commas.in.the inout boxes.
Usethe negatoe.sign.fora.net loss.
Ihe IAccount felds are labeled by transaction number. Becord each transaction ty.entering.thexalueinte the comesonding
LAccount field
Required:
Post the above transactions to the T-Account worksheet.
4.
146
40
56
6.
8.
R
Y
D
FG
K
EI
Transcribed Image Text:Brianne recently started her own shoe repair business. The following are the transactions during the first monith of operations (September 2013): $14,000 1. Brianne invested money in the business. 2. Paid two months of rent in advance. $1.200 3. Purchased store appliances for cash. $3,400 4. Incurred business registration expenses, paid with cash. 5. Paid travel expenses with cash $370 $1.000 $2.900 $1000 6. Made cash sales during the month 7. Paid salary to an assistant with cash $2,600 8. Borrowed money from the bank. 9. Received bills for September's electricity, water and telephone, to be paid next month, 10. Brianne withdrew cash for personal purposes $740 $00 Do not enter dollar signs.or.commas.in.the inout boxes. Usethe negatoe.sign.fora.net loss. Ihe IAccount felds are labeled by transaction number. Becord each transaction ty.entering.thexalueinte the comesonding LAccount field Required: Post the above transactions to the T-Account worksheet. 4. 146 40 56 6. 8. R Y D FG K EI
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