Reference no: EM132614625
The following business transactions relate to Ray Rosa (financial planner) for his first month of business operations in August 2015: (ignore GST)
2015 August1 Commenced business operations with a $300 000 cash injection of personal funds.
2 Paid monthly rent $1500.
4 Purchased office stationery $2000 on credit from Stationery Plus and record this as supplies expense. Ray prefer to directly record the supplies as expense as usually all supplies will be used by the end on the month.
7 Purchased office equipment on credit from Supplies Inc.$10 000.
9 Sent invoice to client M. Birt for services $3000.
11 Purchased MYOB software for laptop computer $700 cash.
13 M. Birt paid amount outstanding.
14 Met with prospective client and negotiated the provision of financial advice for client and family quoting $5000.
17 paid car parking permit $220.
19 Withdrew cash from business $2000 for personal use.
22 Paid WWW Ltd for monthly internet use $182.
29 Received interest from business bank account $15.
Question 1: Make a worksheet for the month of August 2015 from the above information. make this by adding your answer directly into the table below. The columns in table are provided in this order, but if you prefer to do it differently it's Ok but you don't need to. Note that Ray Rosa is a Financial Planner, it is a 'Service Business' so it doesn't have the inventory and cost of goods sold accounts.