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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.
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