acctg cheat card

acctg cheat card - Balance Sheet DO LAST Assets Liabilities...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
General Journal Int. Pay 635 Office Sup. Ex 660 Off. Sup 660 Act. Rec 540 Comm. Earn 540 Rent exp 4000 Prepaid rent 4000 ASSETS = + -- W/D’S = + -- LIABS = -- + REVS = -- + OWNERS CAP = -- +EXP’S = + -- Statement of OE for month ended Dec. 31, 200X DO 2ND Capital Dec 1, 200X 0 Investment 100,000 Net income 4,200 Subtotal 104,200 Less W/D’s 1,200 Capital Dec 31, 200X 103,000
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Balance Sheet DO LAST Assets Liabilities Cash 31,200 Acct. Payable 1,200 Accounts Rec. 2,000 Owners Equity and 20,000 Capital 103,000 Buildings: 50,000 L + OE = 104,200 Total: 104,200 IS DO FIRST Revenues: Commissions Earned: 7,000 Expenses: Eqpt. Rental: 1,400 Wages: 800 Utilities: 600 Net Income 4200...
View Full Document

This note was uploaded on 06/11/2008 for the course BUS ACC201 taught by Professor Swanelpoel during the Spring '08 term at Elon.

Ask a homework question - tutors are online