Transaction (a): R. P. Nelson deposited $43,000 in a bank account in the name of business.
Transaction (b): Bought computer equipment, paying cash, $23,000.
Transaction (c): Bought computer peripherals on account from ANG Computers, $2,500.
Transaction (d): Paid ANG Computers, a creditor, $1,500.
Transaction (e): Nelson invested his own personal computer equipment, having a fair market value of
$3,400, in WindSport Boomerang & Kite Demos.
Transaction (f): Nelson and an employee performed boomerang & kite demo for Girl Scouts and received cash, $2,500.
Transaction (g): Paid rent for the month, $700.
Transaction (h): WindSport B & K Demos bought supplies (toner and paper) on credit. These supplies are used immediately so they are recorded as an expense ($600).
Transaction (i): WindSport B & K Demos paid $2,000 for a one-year liability insurance policy.
Transaction (j): WindSport B & K Demos received an advertising bill from City News for advertising,
$200.
Transaction (k): Nelson and an employee performed boomerang & kite demo for Boy Scouts and earned income on account ("sold services on account"), $2,500.
Transaction (l): WindSport B & K Demos paid $1,000 to ANG Computers, its creditor, as final payment on account.
Transaction (m): WindSport B & K Demos received and paid the gas card bill, $160 (Traveling Expense).
Transaction (n): WindSport B & K Demos pays $200 on account to City News for advertising.
Transaction (o): WindSport B & K Demos pays wages for a part-time employee, $1,030.
Transaction (p): WindSport B & K Demos buys a trailer from Louie's Trucks & Campers for $2,120, paying $620 down with the remaining $1,500 on account (Equipment, A/P, and Cash accounts).
Transaction (q): WindSport B & K Demos receives $850 cash on account from a credit customer.
Transaction (r): WindSport B & K Demos receives revenue from cash customers for the rest of the month, $4,220.
Transaction (s): Nelson withdraws $2,500 in cash from the business for his personal living costs.