List of Transactions

ABC Retail Store Ltd

Suppose you’re working as an accountant in a small retail business called ABC Retail Store. The financial transactions that took place d

1. ABC Retail Store invests $10,000 cash to start the business.

2. Purchased inventory on credit from a supplier for $2,500.
3. Sold inventory costing 1,000 for cash, receiving $1,200.
4. Paid $800 for rent expense.
5. Purchased office supplies for $300 cash.
6. Received $500 cash as a down payment from a customer for an upcoming order.
7. Paid $600 cash for salaries expense.
8. Sold products for $700 on credit.
9. Paid $200 cash for utility expenses.
10. Withdrew $300 cash for personal use.
nancial transactions that took place during the first month of operations were as follows: