1p-2b - FileName:...

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Unformatted text preview: FileName: f91143da8e3d5946a0e443cb47ccdeb5ed0d4af9.xls , Tab: Problem P1-2B, Page 1 of 2, 11/16/2010, 07:18:24 Name: Date: Instructor: Course: Cash $4,000 Office Equipment $5,000 Accounts receivable $1,500 Accounts Payable $4,200 Supplies $500 Cindy Belton, Capital $6,800 During August the following transactions occurred: $1,400 $2,700 $9,000 $3,000 $1,000 of this total amount, a down payment in cash of $400 and the balance is on account. $3,000 paid rent for August of $900 and paid advertising expense of $350 $750 $2,000 $250 Instructions: Assets = Liabilities + Owner's Equity Cash + + Supplies + = + Accounts Payable + BB + + + = + + 1 + + + = + + 0 0 0 0 0 0 0 2 + + + = + + 0 0 0 0 0 0 0 3 + + + = + + 0 0 0 0 0 0 0 4 + + + = + + 0 0 0 0 0 0 0 5 + + + = + + + + + = + + 0 0 0 0 0 0 0 6 + + + = + + 0 0 0 0 0 0 0 7 + + + = + + 0 0 0 0 0 0 0 8 + + + = + + 0 0 0 0 0 0 0 CINDY BELTON, ATTORNEY AT LAW CINDY BELTON, ATTORNEY AT LAW Income Statement Balance Sheet For the Month Ended August 31, 2008 August 31, 2008 Revenues Assets Account title Amount Account title Amount Expenses Account title Amount Account title Amount Account title Amount Account title Amount Account title Amount Account title Amount Total assets Formula Account title Amount...
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1p-2b - FileName:...

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