The following transactions occurred during June for Campus Cycle Shop.Record the transactions below in the T accounts.Place the letter of the transaction next to the entry.Foot and calculate the ending balances of the T accounts where appropriate.
a.Tyler invested $6500 in the bike service from his personal savings account.
b.Bought office equipment for cash,$900.
c.Performed bike service for a customer on account,$1,000.
d.Company cell phone bill received,but not paid,$80.
e.Collected $500 from customer in transaction c.
f.Tyler withdrew $300 for personal use.
Definitions:
ProductID
A unique identifier assigned to a product, used to track and distinguish it from other products.
Author
A person who writes books, articles, or any other form of written content.
Refurbishing
The process of cleaning, repairing, and updating the physical condition of a product to a like-new status.
Recycling
The process of converting waste materials into new products, aimed at reducing consumption of fresh raw materials.
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