During August the fallowing transactions occurred.
1.Collected 1400 of account receivable
2.Paid 2700 cash on account payable
3.Earned Revenue of 9000 of which 3000 is collected in cash and the balance is due in September.
4.Purchased additional office equipment for 1000, paying 400 in cash and the balance on account
5.Paid salaries 3000, rent for august 900, and advertising expenses 350
6.Withdrew 750 in cash for personal use.
7. Received 2000 from Standard federal Bank..money borrowed on a note payable.
8.Incurred utility expenses for month on account 250.
a)Prepare tabular analysis.
It is pretty simple, but I cant seem to solve it.
Thank You in advance.
This question was asked on Mar 18, 2010.
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