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  • Raj CAfe Transactions Studio File

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    Neha Khosla
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    Raj contributed $10,000 to start Raj Cafe in November 2016. He purchased equipment, furniture, and inventory for the cafe and borrowed $6,000 from his father. By the end of November, Raj had sold all inventory for $9,000 and paid expenses including rent, salary, utilities and supplies, leaving the business with cash remaining.

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    Raj contributed $10,000 to start Raj Cafe in November 2016. He purchased equipment, furniture, and inventory for the cafe and borrowed $6,000 from his father. By the end of November, Raj had sold all inventory for $9,000 and paid expenses including rent, salary, utilities and supplies, leaving the business with cash remaining.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    20 views1 page

    Raj CAfe Transactions Studio File

    Uploaded by

    Neha Khosla
    Raj contributed $10,000 to start Raj Cafe in November 2016. He purchased equipment, furniture, and inventory for the cafe and borrowed $6,000 from his father. By the end of November, Raj had sold all inventory for $9,000 and paid expenses including rent, salary, utilities and supplies, leaving the business with cash remaining.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Financial Accounting and Analysis

    Padmini Srinivasan

    Raj Cafe Transactions

    List of transactions occurred during the month of November, 2016.

    Nov 1: Raj contributed $10,000 into his new business (Raj Cafe).

    Nov 2: Paid a security deposit of $1,000 in cash.

    Nov 3: Purchased oven, coffee brewer and other equipment for $5,000 by
    paying cash.

    Nov 4: Purchased furniture $3,500 on credit payable after two months.

    Nov 4: Borrowed $6,000 from his father.

    Purchased inventory $6,000 during the month in cash.

    Sold the entire stock for $9,000 during the month in cash.

    Paid utility charges of $200, office stationery $50, internet expenses $100 in
    cash during the month.

    Nov 30: Paid rent of $400 in cash.

    Nov 30: Paid salary of $300 in cash.

    © All Rights Reserved, Indian Institute of Management Bangalore

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