Anderson, Inc. provides personal training to busy executives in Manhattan. Anderson's rate sheet is shown below:
Type of Training: | Hourly rate: |
Private personal training | $100 |
Group corporate training (limited to 20 participants) |
$2,500 |
Anderson had the following transactions in August 2013:
1 | Jim Anderson, the sole stockholder invested $50,000 in Anderson, Inc. | ||||
7 | Purchased gym equipment for $85,000 and signed a promissory note. | ||||
10 | Hired a Website developer to create a Website and paid her a $4,000 advance. | ||||
14 | Purchased office supplies on account. | ||||
16 | Printed marketing materials for distribution at a cost of $800. | ||||
18 | Trained 20 out of shape, but wealthy stockbroker's, using high intensity interval training. Invoiced their Fortune 100 company for $2,500. | ||||
20 | Mailed marketing materials via US Postal Service for $120. | ||||
25 | Conducted personal training sessions for 16 clients on account. | ||||
30 | Collected $2,500 from the August 18 trainings. | ||||
31 | Paid the bank $500 toward the loan dated August 7, 2013. |
Determine how each transaction affected Anderson's assets. If a transaction only affects one asset, leave the second row blank.
Date | Account | Type of Account | Increase or Decrease |
---|---|---|---|
Aug 1 | |||
Aug 7 | |||
Aug 10 | |||
Aug 14 | |||
Aug 16 | |||
Aug 18 | |||
Aug 20 | |||
Aug 25 | |||
Aug 30 | |||
Aug 31 | |||