Post the following transactions into the T-accounts below: ...
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Accounting
| Post the following transactions into the T-accounts below: | |||||||||
| a) | Aug 2, 2024- An entrepreneur, Sharon, invests $2,000 cash and $3,000 equipment into her new small business. | ||||||||
| b) | Aug 6, 2024- Sharon obtains a $3,000 bank loan. | ||||||||
| c) | Aug 11, 2024- Sharon purchases $1,200 of inventory on account. | ||||||||
| d) | Aug 14, 2024- Sharon completes a $150 cash jewellery repair for Karen. | ||||||||
| e) | Aug 18, 2024- Sharon pays a $220 utilities bill. | ||||||||
| f) | Aug 21, 2024- Sharon completes a $900 sale on account to Hugh. The goods had cost her $400. | ||||||||
| g) | Aug 25, 2024- Hugh pays half of his owed debt to Sharon. | ||||||||
| h) | Aug 29, 2024- Sharon repays $750 of her bank loan. | ||||||||
| i) | Aug 31, 2024- Sharon withdraws $300 cash from her business. | ||||||||
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