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templateschapter1 - Chapter 1, P 6. 1. Accounts arranged in...

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Unformatted text preview: Chapter 1, P 6. 1. Accounts arranged in equation form 2. Effects of transactions shown Assets Accounts Computer Systems Cash Receivable Supplies Equipment Library a. b. bal. c. bal. d. bal. e. bal. f. bal. g. bal. h. bal. i. bal. j. bal. = Liabilities + Stockholders' Equity Accounts Common Retained Type of SE Payable Stock Earnings Transaction Chapter 1, P 7. Wichita Riding Club, Inc. Income Statement For the Month Ended November 30, 20xx Revenues Riding Lesson Revenue Locker Rental Revenue Total Revenues Expenses Salaries Expense Feed Expense Utilities Expense Total Expenses Net Income Wichita Riding Club, Inc. Statement of Retained Earnings For the Month Ended November 30, 20xx Retained Earnings, November 1, 20xx Net Income for the Month Subtotal Less Dividends Retained Earnings, November 30, 20xx Wichita Riding Club, Inc. Balance Sheet November 30, 20xx Assets Liabilitie Cash Accounts Payable Accounts Receivable Supplies Stockholders' Land Common Stock Building Retained Earnings Horses Total Stockholders' Equity Total Liabilities and Total Assets Stockholders' Equity es ' Equity...
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templateschapter1 - Chapter 1, P 6. 1. Accounts arranged in...

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