Ch 3 Excel Template - Student Name: Class: Problem 03-04...

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Student Name: Class: Problem 03-04 AERIAL VIEWS Transaction Analysis Income Statement Balance Sheet Net Owners' Date Revenue - Expenses = Income Assets = Liabilities + Equity June 1 NE NE NE I NE I June 2 NE NE NE I I NE June 4 NE I D D NE D June 15 I NE I I NE I June 15 NE I D D NE D June 18 NE I D D NE D June 25 NE NE NE NE NE NE June 30 I NE I I NE I June 30 NE I D D NE D June 30 NE I D NE I D June 30 NE NE NE NE I D AERIAL VIEWS General Journal Account Titles Debit Credit June 1 Cash 60,000 Capital Stock 60,000 To record the issue of 60,000 shares of capital stock at $1 per share 2 Aircraft 220,000 Cash 40,000 Notes Payable 180,000 To record purchase of Aircraft, paid part with cash and balance due as 4 Rent Expense 2,500 Cash 2,500 To record payment of June 2007 rent expense 15 Accounts Receivable 8,320 Aerial Photography Revenue 8,320 Billed client for photography service for 1st half of the month 15 Salaries Expense 5,880 Cash 5,880 To record salary expense for the 1st half of the month
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Ch 3 Excel Template - Student Name: Class: Problem 03-04...

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