DID Ch1_Continuing_Problem - STATEMENT OF OWNER'S EQUITY...

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Ch 1 Continuing Problem Name:wanching kao Section:1030 Date: SANCHEZ COMPUTER CENTER ASSETS = LIABILITIES + O Computer Office Accounts Freedman Cash + Supplies + Shop Equip. + Equipment = Payable + Capital - a. 4500 4500 BALANCE b. -1200 1200 BALANCE c. -600 600 BALANCE d. 250 250 BALANCE e. -400 BALANCE f. 250 BALANCE g. 200 BALANCE h. 85 BALANCE I. 1200 BALANCE j. -100 3850 + 250 + 1200 + 600 = 335 + 4500 - 5900 = 5900 ENDING BALANCE
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OWNER'S EQUITY Freedman Withd. + Revenue - Expenses 400 250 200 85 1200 100 100 + 1650 - 485
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Ch 1 Continuing Problem Name:wanching kao Section:1030 Date: SANCHEZ COMPUTER CENTER INCOME STATEMENT FOR THE MONTH ENDED JULY 31, 200X revenue service revenue 1,650.00 operating expense rent expense 400.00 electric expense 85.00 total expense 485.00 net income 1,165.00 SANCHEZ COMPUTER CENTER
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Unformatted text preview: STATEMENT OF OWNER'S EQUITY FOR THE MONTH ENDED JULY 31, 200X T. freedman, capital-july 1,07 4,500.00 net income 1,165.00 withdrawals 100.00 increase in capital 1,065.00 T. freedman, capital-july 31,07 5,565.00 Ch 1 Continuing Problem Name:wanching kao Section:1030 Date: SANCHEZ COMPUTER CENTER BALANCE SHEET JULY 31, 200X ASSETS LIABILITIES AND OWNER'S EQUITY ASSETS Liabilities cash 3,850.00 acctounts payable 335.00 supplies 250.00 computer shop equipment 1,200.00 owner's equity office equipment 600.00 capital 5,565.00 total assets 5,900.00 total liabilities and owner's equity 5,900.00...
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DID Ch1_Continuing_Problem - STATEMENT OF OWNER'S EQUITY...

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