Chapter 03 Homework 2

Chapter 03 Homework 2 - $112,500 $40,000 $7,500 27-Oct...

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P7) Assets = Liabilities + Stockholder's Equity Trans Accounts Accounts Notes Capital Retained Date Cash Receivable Buildings Land Equipment Supplies Payable Payable Stock Earnings 1-Oct $40,000 $40,000 2-Oct ($12,500) $90,000 $35,000 $112,500 Bal. $27,500 $90,000 $35,000 $112,500 $40,000 3-Oct ($2,500) $5,000 $2,500 Bal. $25,000 $90,000 $35,000 $5,000 $2,500 $112,500 $40,000 12-Oct $3,700 $3,700 Bal. $25,000 $90,000 $35,000 $5,000 $3,700 $6,200 $112,500 $40,000 13-Oct $4,200 $4,200 Bal. $29,200 $90,000 $35,000 $5,000 $3,700 $6,200 $112,500 $40,000 $4,200 17-Oct $1,500 $1,500 Bal. $29,200 $1,500 $90,000 $35,000 $5,000 $3,700 $6,200 $112,500 $40,000 $5,700 23-Oct $750 ($750) Bal. $29,950 $750 $90,000 $35,000 $5,000 $3,700 $6,200 $112,500 $40,000 $5,700 24-Oct $4,800 $4,800 Bal. $34,750 $750 $90,000 $35,000 $5,000 $3,700 $6,200 $112,500 $40,000 $10,500 26-Oct ($3,000) ($3,000) Bal. $31,750 $750 $90,000 $35,000 $5,000 $3,700 $6,200
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Unformatted text preview: $112,500 $40,000 $7,500 27-Oct ($500) ($500) Bal. $31,250 $750 $90,000 $35,000 $5,000 $3,700 $6,200 $112,500 $40,000 $7,000 30-Oct ($2,400) ($2,400) Bal. $28,850 $750 $90,000 $35,000 $5,000 $3,700 $6,200 $112,500 $40,000 $4,600 31-Oct $4,300 $4,300 Bal. $33,150 $750 $90,000 $35,000 $5,000 $3,700 $6,200 $112,500 $40,000 $8,900 Total Assets: $167,600 Total Liabilities and $167,600 stockholder's equity Cash Notes Payable 1-Oct 40,000 2-Oct 12,500 3-Oct 112,500 13-Oct 4,200 3-Oct 2,500 23-Oct 750 26-Oct 3,000 Capital Stock 24-Oct 4,800 27-Oct 500 2-Oct 40,000 31-Oct 3,300 30-Oct 2,400 Retained Earnings Accounts Receivable 26-Oct 3,000 13-Oct 4,200 17-Oct 1,500 23-Oct 750 27-Oct 500 17-Oct 1,500 30-Oct 2,400 24-Oct 4,800 Buildings 31-Oct 3,300 2-Oct 90,000 Supplies Land 12-Oct 3,700 2-Oct 35,000 Accounts Payable Euipment 3-Oct 2,500 3-Oct 5,000 12-Oct 3,700...
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This note was uploaded on 02/22/2009 for the course ACCT 151 taught by Professor Largay during the Spring '07 term at Lehigh University .

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Chapter 03 Homework 2 - $112,500 $40,000 $7,500 27-Oct...

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