Complete the tabulation, indicating the amount

Reference no: EM133654333

Question: Ayo operates several call centres for games and equipment sales. The following transactions occurred in October of the current year:

The curling league gave Ayo a deposit of $2,500 for the upcoming fall season.
Ayo's received $300 from customers on account who purchased merchandise in September.
Ayos paid $2,900 for the September electricity bill and received the October bill for $2,200, which will be paid in November.
Ayo sold curling equipment inventory for $7,000; received $3,000 in cash and the rest on account; the cost of sales is $4,200.
Ayo's collected $13,000 from customers for games played in October.
Ayo's paid $1,400 to plumbers for repairing a broken pipe in the washrooms.
Ayo's paid $4,700 to employees for work in October.
Ayo purchased and paid $1,800 in insurance for coverage from October 1 to December 31

Required:
For each of the transactions above, complete the tabulation, indicating the amount of each transaction. (Remember that A = L + SE, R - E = NE, and NE affects SE through retained earnings.) The first transaction is provided as an example. (Enter any decreases to account balances with a minus sign.)

Reference no: EM133654333

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