please help me create a balance sheet and expalin(a)Lisa invested cash by making a deposit in a bank account for the business, $9,000.(b)Paid rent for July, $150.(c)Purchased a used van for cash, $5,000.(d)Purchased a laptop computer (Computer Equipment) on account for, $500.(e)Purchased cleaning supplies that cost $200. Paid $100 cash and will pay the balance next month, $100.(f)Paid part-time assistant (Salaries and Wages expense) for first half of month, $100.(g)Paid for advertising, $90.(h)Paid two-year premium for liability insurance on van, $480.(i)Received cash from clients for services performed, $800.(j)Performed cleaning services for clients on account, $500.(k)Paid phone bill, $40.(l)Received cash from clients for window cleaning performed on account in transaction (j), $200.(m)Paid part-time assistant for last half of month, $200.(n)Made partial payment on computer equipment purchased in transaction (d), $200.(o)Earned additional revenues amounting to $900: $700 in cash and $200 on account.(p)Vozniak withdrew cash at the end of the month for personal expenses, $100.

First, we need to identify the assets, liabilities, and equity from the transactions. Assets are…

Answered: please help me create a balance sheet…

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 1EB: For each of the following, indicate if the statement reflects an input component, output component,...

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please help me create a balance sheet and expalin

(a)	Lisa invested cash by making a deposit in a bank account for the business, $9,000.
(b)	Paid rent for July, $150.
(c)	Purchased a used van for cash, $5,000.
(d)	Purchased a laptop computer (Computer Equipment) on account for, $500.
(e)	Purchased cleaning supplies that cost $200. Paid $100 cash and will pay the balance next month, $100.
(f)	Paid part-time assistant (Salaries and Wages expense) for first half of month, $100.
(g)	Paid for advertising, $90.
(h)	Paid two-year premium for liability insurance on van, $480.
(i)	Received cash from clients for services performed, $800.
(j)	Performed cleaning services for clients on account, $500.
(k)	Paid phone bill, $40.
(l)	Received cash from clients for window cleaning performed on account in transaction (j), $200.
(m)	Paid part-time assistant for last half of month, $200.
(n)	Made partial payment on computer equipment purchased in transaction (d), $200.
(o)	Earned additional revenues amounting to $900: $700 in cash and $200 on account.
(p)	Vozniak withdrew cash at the end of the month for personal expenses, $100.

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