Case Study pt-1

Case Study pt-1 - Month 1 Transactions Date Day 1 Day 2...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Month 1 Transactions Date Transactions Debit Day 1 Cash 48,000 Notes Payable Day 2 Supplies 100 Cash Prepaid Equipment Rent 450 Cash Prepaid Office Rent 4500 Security Deposit 1500 Cash Prepaid Insurance 600 Cash Day 4 Account Receivables 1540 Cash 1260 Service Revenue Day 12 Salary Expense 352 Cash Day 18 Cash 1540 Account Receivable Day 30 Salary Expense 300 Cash
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Credit 48,000 100 450 6000 600 2800 352 1540 300
Background image of page 2
Assets Liablities Stockholders' Equity + Cash - - Notes Payable + - Service Revenue + 42,558 48,000 0 + A/R - - Interest Payable + + Salary Expense - 0 240 0 + Ppd Equip Rent - - Salary Payable + + Interest Expense - 300 88 0 + Ppd Office Rent - + Equip. Rent Exp. - 3000 0 + Ppd Insurance - + Office Rent Exp. - 500 0 + Supplies - + Insurance Exp. - 35 0 + Security Deposit - + Supply Expense - 1,500 0 - Retained Earning + d-1 48000 100 d-2 48000 d-1 c-1 28002800 d-4 d-4 1260 450 d-2 d-18 1540 6000 d-2 600 d-2 352 d-12 300 d-30 440 A-26 d-4 1540 1540 d-18 240 A-1 d-12 3521180 c-1 d-30 300 A-26 440 A-30
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 09/01/2010 for the course ACCT 211 at Penn State.

Page1 / 8

Case Study pt-1 - Month 1 Transactions Date Day 1 Day 2...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online