Copy of Problem 1-7A solutions.xlsx - 2017 Date Cash 1-May...

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ASSETS = Liabilities + Owner's Equity 2017 Accounts Office Accounts G. Gram, G. Gram, Service Expense Date Cash + Receivable + Equipment = Payable + Capital - Drawing + Revenue - Expenses Titles 1-May 40,000 40,000 balance 40,000 0 0 0 40,000 0 0 0 1 -2,200 2,200 Rent Expense balance 37,800 0 0 0 40,000 0 0 2,200 3 1,890 1,890 balance 37,800 0 1,890 1,890 40,000 0 0 2,200 5 -750 750 Cleaning Expense balance 37,050 0 1,890 1,890 40,000 0 0 2,950 8 5,400 5,400 balance 42,450 0 1,890 1,890 40,000 0 5,400 2,950 12 2,500 2,500 balance 42,450 2,500 1,890 1,890 40,000 0 7,900 2,950 15 -750 750 Salary Expense balance 41,700 2,500 1,890 1,890 40,000 0 7,900 3,700 20 2,500 -2500 balance 44,200 0 1,890 1,890 40,000 0 7,900 3,700 22 3,200 3,200 balance 44,200 3,200 1,890 1,890 40,000 0 11,100 3,700 25 3,200 -3,200 balance 47,400 0 1,890 1,890 40,000 0 11,100 3,700 26 -1,890 -1,890 balance 45,510 0 1,890 0 40,000 0 11,100 3,700 27 80 80 Advertising Expense balance 45,510 0 1,890 80 40,000 0 11,100 3,780 28 -750 750 Salary Expense balance 44,760 0 1,890 80 40,000 0 11,100 4,530 30 -300 300 Telephone Expense balance 44,460 0 1,890 80 40,000 0 11,100 4,830 30 -280 280 Utilities Expense
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balance 44,180
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