Wednesday 30 October 2019

Complete the following chart for the selected transactions for

Complete the following chart for the selected transactions for
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.
​(If a box is not used in the transaction leave the box​ empty; do not enter a zero. Use a minus sign or parentheses for decreases. If a transaction only affects one side of the accounting​ equation, enter the positive value on the first​ line.)
Assets
Liabilities
Owners' Equity
a.
10,000
10,000

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