Bonnie's Batting Cages and Softball Services
Assets
Liabilities
Accounts Receivable
Accounts Payable
Cash
Supplies
Infield
Blue Sox
Opening
Balances
Transaction 1
Transaction 2
Transaction 3
Transaction 4
Transaction 5
Transaction 6
Transaction 7
Transaction 8
Transaction 9
Transaction 10
Ending
Balances
15,000
3,100
Moosehead
Sluggers
5,000
Owner's
Equity
Fighting
Hawks
1,300
13,400
Sporting
Equipment
Trucks
21,000
60,000
Bats 'N'
Gloves
Co.
Sport
Store
30,600
23,700
B. Birch,
Capital
Zero
Proof
64,500
0
Transaction Analysis Assignment
Analyze each of the following transactions and record in the transaction analysis sheet below:
1. Bonnie's Batting Cages and Softball Services receives $1 000 cash from Fighting Hawks in partial payment of the amount owed by
them.
2. Sport Store is paid $2 000 cash in partial payment of the debt owed to them by Bonnie's.
3. The owner buys herself a new computer (valued at $1 200) with the company's money.
4. Supplies costing $950 are purchased for cash from the Sport Store.
5. Bonnie's Batting Cages and Softball Services sells uniforms and equipment for Team Silkscreens and More. For this service,
Bonnie's Batting Cages and Softball Services receives a commission of $4 700.
6. A set of bats (Sporting Equipment) is purchased from Bats 'N' Gloves Co. for $3 000 cash.
7. An employee from the company is asked to leave the company with no compensation.
8. A tournament is set up by the Bonnie's Batting Cages and Softball Services. For this service, the company receives $15 000 cash.
9. Bonnie's Batting Cages and Softball Services purchases a new batting cage from Sport Store valued at $8 000. Bonnie's Batting
Cages and Softball Services gives a cash down payment of $4 000 and the remainder of the balance is to be paid at a later date.
10. Bonnie's Batting Cages and Softball Services sells one of its trucks for $15 000 cash. With this money, Bonnie's Batting Cages and
Softball Services pays the remaining balance of the batting cage bought in transaction 9.