Paragraph Styles laimarly Grammarly ENG377 Engineering Econo

Paragraph Styles laimarly Grammarly ENG377 Engineering Economy Homework: From Engineering Economy, Sullivan, Pearson Jill Smith starts an apartment locator business that has the following transactions in the first month: a) Smith invests $35,500 of personal funds to start the business. b) She purchases on account office supplies costing $345. c) She pays cash of $29,500 to acquire a lot next to the campus. This will be the future home of the business. d) Smith locates apartments for client and receives cash of $1910. e) Smith pays $110 of the account payable she created in transaction (b). f) She pays $2000 of personal funds for a vacation. B) She pays cash for expenses for office rent, $395, and utilities, $105 h) The business sells office supplies to another business for its cost of $150. i) Smith with drawls cash of $1200 personal use Account for these transactions and create a balance sheet as of the end of the month and income statement for the month on the next page. 100 words English (United State 10:21 PM d)) ds ES) ENG 1/26/2018 ^

Solution

1)

cash

2)

JILL SMITH

BALANCE SHEET

Date	Account	Debit	credit
a	Cash	35500
	Smith capital		35500
b	office supplies	345
	Accounts payable		345
c`	Land	29500
	cash		29500
d	cash	1910
	service revenue		1910
e	Accounts payable	110
	cash		110
f	SMith drawings	2000
	cash		2000
g	Office rent	395
	utilities	105
	cash		500
h	cash	150
	office supplies		150
i	smith drawing	1200
	cash		1200