accounting for non accounting majors 2

Suzie Maye needs help in setting up basic accounting practices for her business. You begin by showing her how to set up a transaction analysis based on the accounting equation of Assets = Liabilities + Owner’s Assets. show Suzie how to enter the various assets, liabilities and owner’s assets into the transaction analysis template demonstrating the balance based on the equation. This will help Suzie understand that through this process every financial transaction that occurs in her business must be reconciled on each side of the equation.

Please record the following transactions using transaction analysis. Please use attached template

1-May	Owner, Suzie Maye, invested $7,000 in her business, Matrix Consulting.
2-May	Company paid monthly rent, $900.
3-May	Company bought supplies on account, $600.
5-May	Company paid monthly advertising, $125.
9-May	Company performed services, $4,000.
12-May	Owner, Suzie Maye, withdrew $1,000 for personal use.
15-May	Company performed services on account for $5,400.
17-May	Company paid monthly salaries, $2,500.
20-May	Company made a payment on account, $600.
23-May	Company received $4,000 from a customer on account.
26-May	Company borrowed $5,000 from local bank.
29-May	Company bought equipment on account for $4,200.
30-May	Company paid monthly utilities, $275.

 

Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.