Established a business to manage rental property

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Reference no: EM131219522

On April 1 of the current year, Andrea Byrd established a business to manage rental property. She completed the following transactions during April:a. Opened a business bank account with a deposit of $45,000 from personal funds. b. Purchased office supplies on account, $2,000. c. Received cash from fees earned for managing rental property, $8,500.d. Paid rent on office and equipment for the month, $5,000.e. Paid creditors on account, $1,375.f. Billed customers for fees earned for managing rental property, $11,250.g. Paid automobile expenses (including rental charges) for month, $840, and miscella-neous expenses, $900.h. Paid office salaries, $3,600.i. Determined that the cost of supplies on hand was $550; therefore, the cost of supplies used was $1,450. j. Withdrew cash for personal use, $2,000.

Assets = Liabilities + Equity** create a table us the equation

Reference no: EM131219522

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