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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