Jessica White recently started her own shoe repair business. Transactions for the first month of operations (September 2019) are as follows.1) Jessica invested $19,700 cash in the business.2) Paid two months of rent in advance, in the amount of $1,000.3) Purchased store equipment worth $3,800 with cash.4) Incurred business registration expenses, pa solutionspile.com

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Jessica White recently started her own shoe repair business. Transactions for the first month of operations (September 2019) are as follows.1) Jessica invested $19,700 cash in the business.2) Paid two months of rent in advance, in the amount of $1,000.3) Purchased store equipment worth $3,800 with cash.4) Incurred business registration expenses, paid with $710 cash.5) Paid travel expenses with $1,320 cash.6) Received $2,660 cash from customers for shoe repair services performed during the month.7) Provided shoe repair services worth $2,370 on account.8) Paid $1,390 to an assistant.9) Borrowed $1,390 cash from the bank.10) Received $860 in bills for electricity, water and telephone, to be paid next month.11) Jessica withdrew $780 cash for personal purposes.12) Received $320 owing from a customer for service provided earlier this month.RequiredRecord the above transactions on the T-Account worksheet.Do not enter dollar signs or commas in the input boxes.Use the negative sign for negative values.The T-Account fields are labeled by transaction number. Record each transaction by entering the value into the corresponding T-Account field.White Shoe RepairBalance SheetAs at September 30, 2019Assets (what we OWN)Liabilities (what we OWE)IncreaseDecreaseDecreaseIncreaseCashAccounts PayableOpening: $AnswerOpening: $ AnswerTransaction # 1 Answer19700AnswerTransaction # 1 AnswerAnswerTransaction # 2 AnswerAnswer1000Transaction # 2 AnswerAnswerTransaction # 3 AnswerAnswer3800Transaction #  solutionspile.com

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