Ex_01-21 - Assets Liabilities ### Cash $122,400 Accounts...

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Exercise 1-21 Name: Kurahn Harris Section: 30195 Enter the appropriate amount or item in the shaded cells. An asterisk (*) will appear next to an incorrect amount in the outlined cells. a. BURST INTERIORS Balance Sheet March 31, 2008 Assets Liabilities ### Cash $72,000 Accounts Payable $18,480 ### Accounts Receivable 40,800 Supplies 3,600 Owner's Equity Gary Deming, capital 97,920 ### Total liabilities and Total assets $116,400 ### owner's equity 116,400 ### BURST INTERIORS Balance Sheet April 30, 2008
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Unformatted text preview: Assets Liabilities ### Cash $122,400 Accounts Payable $19,920 ### Accounts Receivable 46,950 Supplies 3,000 Owner's Equity Gary Deming, capital 152,430 ### Total liabilities and Total assets $172,350 ### owner's equity $172,350 ### b. Owners equity, April 30 $172,350 ### (145,320) ### Net income $27,030 ### c. Owners equity, April 30 $172,350 ### (145,320) ### Increase in owner's equity ### Add ### Net income $12,030 ###...
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