Problem%201-1 - 250 End Bal My Equity Assets Liabilities...

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= + + + + Dr. Cr. Dr. Cr. Dr. Cr. Beg. Bal. 0 Beg. Bal. 0 Beg. Bal. 0 I put in cash 75 G. Smith cash in 300 I put in cash 75 I put in cash 125 Pmt to G. Smith 300 I put in cash 125 G. Smith cash in 300 End. Bal. 0 I take cash out 750 G. Jones cash in 250 I put in cash 350 I take cash out 750 + I put in cash 200 I put in cash 350 End. Bal. 0 I put in cash 200 Dr. Cr. Pmt to G. Jones 250 Beg. Bal. 0 Pmt to G. Smith 300 G. Jones cash in 250 End. Bal. 0 Pmt to G. Jones
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Unformatted text preview: 250 End. Bal. My Equity Assets Liabilities Owners' Equity Problem 1-1 Solution -- The Coffee Can Accounting System Note Payable - Jones Cash Note Payable - Smith Account Name Debit Credit Cash Note Payable - Smith Note Payable - Jones My Equity Total Trial Balance Problem 1-1 Solution (continued)...
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Problem%201-1 - 250 End Bal My Equity Assets Liabilities...

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