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.


DateAccountType of AccountIncrease or Decrease
Aug 1
Aug 7
Aug 10
Aug 14
Aug 16
Aug 18
Aug 20
Aug 25
Aug 30
Aug 31