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Riya's Catering was started by Riya Jett one year ago. It mainly focuses on the delivery of food from restaurants to various corporate events. The opening balance of the accounts on October $1,2021$ are shown below.

Opening Balances $-$ October $1,2021$

Cash $ $1,060$

Accounts Receivable $ $980$

Prepaid Expenses $ $480$

Equipment $ $4,600$

Accounts Payable $ $1,540$

Bank Loan $ $0$

Jett, Capital $ $5,580$

Required

a$)$ Indicate whether assets, liabilities or owner$$s equity will increase or decrease and by how much, based on each transaction during October. The first transaction has been completed for you. Always ensure that the accounting equation is balanced.

Do not enter dollar signs or commas in the input boxes.

Use the negative sign for negative values.

Where a transaction affects two accounts in the same category, enter the positive amount in the first space provided and enter the negative amount in the second.

Transaction Assets Liabilities Owner's Equity

$1)$ Borrowed $$10,400$ from the bank. Answer $1$ Question $6$

Answer $2$ Question $6$

Answer $3$ Question $6$

$2)$ Purchased equipment for $$6,200$ cash. Answer $4$ Question $6$

Answer $5$ Question $6$

Answer $6$ Question $6$

Answer $7$ Question $6$

Answer $8$ Question $6$

Answer $9$ Question $6$

$3)$ Billed customer $$3,570$ for completed catering services, which is due in $30$ days. Answer $10$ Question $6$

Answer $11$ Question $6$

Answer $12$ Question $6$

$4)$ Paid $$930$ cash for regular cleaning of the business office. Answer $13$ Question $6$

Answer $14$ Question $6$

Answer $15$ Question $6$

$5)$ Collected $$1,580$ from customers who owed money. Answer $16$ Question $6$

Answer $17$ Question $6$

Answer $18$ Question $6$

Answer $19$ Question $6$

Answer $20$ Question $6$

Answer $21$ Question $6$

$6)$ Paid $$3,500$ in advance for four months of rent. Answer $22$ Question $6$

Answer $23$ Question $6$

Answer $24$ Question $6$

Answer $25$ Question $6$

Answer $26$ Question $6$

Answer $27$ Question $6$

$7)$ Recorded $$1,830$ of cash sales for the month. Answer $28$ Question $6$

Answer $29$ Question $6$

Answer $30$ Question $6$

$8)$ Paid $$620$ owed to a supplier. Answer $31$ Question $6$

Answer $32$ Question $6$

Answer $33$ Question $6$

b$)$ Record the transactions in the T$-$accounts.

The T$-$Account fields are labeled by transaction number. Record each transaction by entering the value into the corresponding T$-$Account field.

Riya's Catering

Balance Sheet

As at October $31,2021$

Assets $($what we OWN$)$

Liabilities $($what we OWE$)$

Increase Decrease Decrease Increase

Cash Accounts Payable

Opening: $Answer $34$ Question $6$

Opening: $ Answer $35$ Question $6$

Transaction # $1$ Answer $36$ Question $6$

Answer $37$ Question $6$

Transaction # $1$ Answer $38$ Question $6$

Answer $39$ Question $6$

Transaction # $2$ Answer $40$ Question $6$

Answer $41$ Question $6$

Transaction # $2$ Answer $42$ Question $6$

Answer $43$ Question $6$

Transaction # $3$ Answer $44$ Question $6$

Answer $45$ Question $6$

Transaction # $3$ Answer $46$ Question $6$

Answer $47$ Question $6$

Transaction # $4$ Answer $48$ Question $6$

Answer $49$ Question $6$

Transaction # $4$ Answer $50$ Question $6$

Answer $51$ Question $6$

Transaction # $5$ Answer $52$ Question $6$

Answer $53$ Question $6$

Transaction # $5$ Answer $54$ Question $6$

Answer $55$ Question $6$

Transaction # $6$ Answer $56$ Question $6$

Answer $57$ Question $6$

Transaction # $6$ Answer $58$ Question $6$

Answer $59$ Question $6$

Transaction # $7$ Answer $60$ Question $6$

Answer $61$ Question $6$

Transaction # $7$ Answer $62$ Question $6$

Answer $63$ Question $6$

Transaction # $8$ Answer $64$ Question $6$

Answer $65$ Question $6$

Transaction # $8$ Answer $66$ Question $6$

Answer $67$ Question $6$

Ending: $ Answer $68$ Question $6$

Ending: $ Answer $69$ Question $6$

Increase Decrease Decrease Increase

Accounts Receivable Bank Loan

Opening: $Answer $70$ Question $6$

Opening: $ Answer $71$ Question $6$

Transaction # $1$ Answer $72$ Question $6$

Answer $73$ Question $6$

Transaction # $1$ Answer $74$ Question $6$

Answer $75$ Question $6$

Transaction # $2$ Answer $76$ Question $6$

Answer $77$ Question $6$

Transaction # $2$ Answer $78$ Question $6$

Answer $79$ Question $6$

Transaction # $3$ Answer $80$ Question $6$

Answer $81$ Question $6$

Transaction # $3$ Answer $82$ Question $6$

Answer $83$ Question $6$

Transaction # $4$ Answer $84$ Question $6$

Answer $85$ Question $6$

Transaction # $4$ Answer $86$ Question $6$

Answer $87$ Question $6$

Transaction # $5$ Answer $88$ Question $6$

Answer $89$ Question $6$

Transaction # $5$ Answer $90$ Question $6$

Answer $91$ Question $6$

Transaction # $6$ Answer $92$ Question $6$

Answer $93$ Question $6$

Transaction # $6$ Answer $94$ Question $6$

Answer $95$ Question $6$

Transaction # $7$ Answer $96$ Question $6$

Answer $97$ Question $6$

Transaction # $7$ Answer $98$ Question $6$

Answer $99$ Question $6$

Transaction # $8$ Answer $100$ Question $6$

Answer $101$ Question $6$

Transaction # $8$ Answer $102$ Question $6$

Answer $103$ Question $6$

Ending: $ Answer $104$ Question $6$

Ending: $ Answer $105$ Question $6$

Increase Decrease Decrease Increase

Prepaid Expenses Jett, Capital

Opening: $Answer $106$ Question $6$

Opening: $ Answer $107$ Question $6$

Transaction # $1$ Answer $108$ Question $6$

Answer $109$ Question $6$

Transaction # $1$ Answer $110$ Question $6$

Answer $111$ Question $6$

Transaction # $2$

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