Martha's MuffinsMartha's Muffins
shown below.
|
a. |
MarthaMartha invests $10 comma 00010,000 cash into a business known as Martha's MuffinsMartha's Muffins. |
|
b. |
MarthaMartha purchases baking supplies on account for $500500. |
|
c. |
MarthaMartha receives and pays the kitchen's utilities bill amounting to $425425. |
|
d. |
Sales
revenue for the current period amounts to
$2 comma 0002,000 (all revenue transactions involved cash). |
|
e. |
MarthaMartha purchases a new fridge for $3 comma 5003,500 cash. |
|
Assets |
Liabilities |
Owners' Equity |
|
|
a. |
10,000 |
10,000 |