1) Torria wants to open a hair salon.
Business, 19.03.2020 16:59 artiomtyler007
Need help for Accounting of the followings:
1) Torria wants to open a hair salon.
a. List 2 possible sources of revenue the business may have.
b. List 5 possible expenses the business may have.
2) Mykeda wants to open an electronic store selling Apple products.
a. Other than selling electronics, name one other source of revenue for the business
b. List 4 expenses the business may have
3) The following transactions are recorded in the books of Cato’s Electronics. Draw up T. Accounts for the following transactions
a. Jan 1. 2020 – Started business with $5000 cash
b. Jan 2. – Deposited $2,500 from cash, to the business bank account
c. Jan 3. – Paid for a Radio Advertisement - $500 by cheque
d. Jan 4. – Paid Rent $800 by cheque
e. Jan 5. – Bought $4,000 worth of stock on credit from Apple Inc
f. Jan 6. – Paid $1,000 cash to Customs in order to clear the stock from the port
g. Jan 7. – Sold goods $1,500 cashing
Complete all of them questions because I'm getting headaches! If you don't know then don't write nothing unnecessarily thank you!
Answers: 2
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Need help for Accounting of the followings:
1) Torria wants to open a hair salon.
1) Torria wants to open a hair salon.
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