Financial Accounting
Excel Spreadsheet – 1st 3 tabs done – need last 3 completed
Transactions
- Invested $50,000 in the business
- Paid $100 for phone service
- Purchased $35,000 equipment on credit
- Paid $3,000 for 3 months rent
- Paid $5,500 for 6 months of insurance
- Paid $1,000 for advertising on credit (Note: This is an expense to the company)
- Customer purchased $2,000 on account
- Customer in #7 paid $1,000 on account
- Paid for #6 advertising
- Sold to customer and received $5,000 cash
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