Mia Hero Started Her Own Catering Business Called Hero's Catering

question 164

Essay

Mia Hero started her own catering business called Hero's Catering.Analyze each of the following transactions for the first month of business.Prepare the balance sheet at March 31.
a.Mia contributed $10,000 of her own money to start Mia's catering.
b.The business borrowed another $5,000 from the local bank.
c.The business rented a kitchen for $1,500 for the month.
d.The business spent $1,200 on food,spices and other supplies used during the month.
e.The business hired Betty Foit as an assistant chef and paid her $500 for the month.
f.The business earned $7,000 in revenues during the month.

---

Definitions:

Self-fulfilling Prophecy

A belief or expectation that an individual or group holds, which becomes true simply because it was believed.

Teaching Methods

Diverse strategies and approaches employed by educators to facilitate learning among students in various educational settings.

Teachers and Administrators

Individuals in educational settings responsible for creating learning environments and implementing policies; teachers focus on instruction while administrators oversee operations.

Industrialization

The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods, accompanied by technological innovation and changes in society.