Copy of Homework solutions P1-2A, P 1-4A - P12A(a MARIA...

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P 1-2A (a) MARIA GONZALEZ, VETERINARIAN Owner’s Equity ASSETS = LIABILITIES + Owner’s Equity Accounts Office Notes Accounts M. Gonzalez, Cash + Receivable + Supplies + Equipment = Payable + Payable + Capital + Revenues Expenses $ 9,000 + $1,700 + $600 + $ 6,000 = $3,600 + $13,700 1 –2,900 00,000 0 000,000 –2,900 000,000 6,100 + 1,700 + 600 + 6,000 = 700 + 13,700 2 +1,300 –1,300 0 000,000 00,000 000,000 7,400 + 400 + 600 + 6,000 = 700 + 13,700 3 –800 00,000 0 +2,100 1,300 000,000 6,600 + 400 + 600 + 8,100 = 2,000 + 13,700 4 +2,500 5,500 0 000,000 00,000 $8,000 9,100 + 5,900 + 600 + 8,100 = 2,000 + 13,700 8,000 5 –1,000 00,000 0 000,000 00,000 –$1,000 8,100 + 5,900 + 600 + 8,100 = 2,000 + 13,700 –1,000 8,000 –$1,700 6 –2,900 00,000 0 000,000 00,000 5,200 + 5,900 + 600 + 8,100 = 2,000 + 13,700 –1,000 8,000 –2,900 7 000,000 00,000 0 000,000 +170 5,200 + 5,900 + 600 + 8,100 = 2,170 + 13,700 –1,000 8,000 8 10,000 $10,000 $15,200 + $5,900 + $600 + = $10,000 + $2,170 + $13,700 $1,000 + $8,000 $3,070 $29,800   $29,800  M. Gonzalez, Drawings Beg. Balance –900 300 170 –3,070 $ 8,100
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PROBLEM 1-2A (Continued) (b) MARIA GONZALEZ, VETERINARIAN Income Statement For the Month Ended September 30, 2010 Revenues Service revenue $8,000 Expenses Salaries expense $1,700 Rent expense 900 Advertising expense 300 Utilities expense 170 Total expenses 3,070 Net income $4,930 MARIA GONZALEZ, VETERINARIAN Owner’s Equity Statement For the Month Ended September 30, 2010 M. Gonzalez, Capital, September 1 $13,700 Add: Net income 4,930 18,630 Less: Drawings 1,000 M. Gonzalez, Capital, September 30 $17,630
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