Analyzing the Effect of Transactions Using the Accounting Equation.xlsx

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Analyzing the Effect of Transactions Using the Accounting EquationKhawlah BahhahACT300 - Principles of Accounting IColorado State University - Global CampusDr. Ana Machuca13-Oct-19
SeverCo Construction CASSETS=LIABDateCashEquipmentMarch1$30,000.002$(5,000.00)$25,000.002$(1,000.00)6$(750.00)$750.007$7,500.008$2,500.00$2,500.009$10,000.0015$(3,750.00)17$3,500.0020$7,500.00 $(7,500.00)28$(1,000.00)$(1,000.00)31$(3,750.00)31$(2,500.00)31$(325.00)Totals$32,925 $- $750 $27,500$1,500ASSETS=LIABTotals$61,175.00Balance$61,175.00 =$61,175.00AccountsReceivableOfficeSuppliesAccountsPayable
CompanyBILITIES+STOCKHOLDERS' EQUITYRevenuesExpenses$30,000.00$20,000.00$(1,000.00)rent expense$7,500.00$10,000.00$(3,750.00)Salaries expense$3,500.00$(3,750.00)Salaries expense$(2,500.00)Supplies expense$(325.00)Utilities expense$20,000$30,000 $- $21,000 $(11,325)BILITIES+STOCKHOLDERS' EQUITY$21,500.00+$39,675.00NotesPayableCapitalStockDividends
ReferencesColorado State University. (2018). Module 1 Part 3: Interactive Lecture. Retrieved from csuglobal.schoology.c
com:
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Balance Sheet, Generally Accepted Accounting Principles, SeverCo Construction Company

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