ButovaS_P1-2b

# ButovaS_P1-2b - Name Svetlana Butova Instructor Naomi...

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FileName: c03fdf296ff8f59557aa13a84cc2b075a504de4e.xls , Tab: Problem P1-2B, Page 1 of 2, 03/12/2011, 07:02:32 Name: Svetlana Butova Date: 05.30.2008 Instructor: Naomi Karolinski Course: ACC-101 SL1 Accounting Principles 1 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 \$4,000 + \$1,500 + \$500 + \$5,000 = + \$4,200 + \$6,800 1 \$1,400 + (\$1,400) + + = + + 5,400 100 0 4,200 6,800 2 (2,700) + + + = + (2,700) + 2,700 100 0 0 0 1,500 6,800 3 3,000 + 6,000 + + = + + 9,000 5,700 6,100 0 0 0 1,500 15,800 4 (400) + + + 1,000 = + 600 + 5,300 0 6,000 0 2,100 15,800 5 (4,250) + + + = + + (3,000) (900) + + + = + + (350) 1,050 0 0 6,000 0 2,100 11,550 6 (750) + + + = + + (750) 300 0 0 6,000 0 2,100 10,800 7 2,000 + + + = 2,000 + + 2,300 0 0 6,000 2,000 2,100 10,800 8 + + + = + 250 + (250) 2,300 6,100 500 6,000 2,000 2,350 10,550 CINDY BELTON, ATTORNEY AT LAW CINDY BELTON, ATTORNEY AT LAW Income Statement Balance Sheet

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ButovaS_P1-2b - Name Svetlana Butova Instructor Naomi...

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