Ch02P5A - - Balance Sheet k. March 31, 2005 subtotal- - - -...

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Problem 2-5A Part 3. Assets = Liabilities + Equity Date Cash Building a. Revenues: b. Service revenue subtotal - - - - - - - - Operating expenses: c. Wages expense subtotal - - - - - - - - Advertising expense d. Total operating expenses - subtotal - - - - - - - - Net loss $- e. subtotal - - - - - - - - Hemphill Enterprises f. Statement of Owner's Equity subtotal - - - - - - - - For Month Ended March 31, 2005 g. George Hemphill, capital, March 1 $- subtotal - - - - - - - - Add: Investment by owner - Less:Withdrawal by owner h. Net loss - subtotal - - - - - - - - i George Hemphill, capital, March 31 $- subtotal - - - - - - - - j. Hemphill Enterprises subtotal - - - - - - -
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Unformatted text preview: - Balance Sheet k. March 31, 2005 subtotal- - - - - - - - l. Total- - - - - - - - Assets $0 $0 Cash Accounts receivable Office supplies *OI = Owner Investment; R = Revenue; E = Expense; W = Withdrawal Office equipment Building Total assets $- Liabilities Accounts payable Notes payable Total liabilities $- Owner's Equity George Hemphill, capital Total liabilities and owner's equity $- Accounts Receivable Office Supplies Office Equipment Accounts Payable Notes Payable George Hemphill, Capital Description of Equity Transactions (OI, R, E, W)* Hemphill Enterprises Income Statement For Month Ended March 31, 2005...
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