acc assignment 1 - 25,868 Owner's Equity PI Capital 75,000...

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Revenue 5000 12500 Expenses Labor 2800 589 13100 Equipment 650 3250 250 Cash -2800 -650 -250 -13100 Assets Cash 2789 Accounts rec 14516 Supplies 417 Equipment 35726 Total Assets 53448 Liabilities Accounts pay 4529 L-term debt 13,450 Owner's Equity Paid-in Cap 32450 Retained Earn 3,019 Total Liabilities and O 53448 Paid in capita 75,000 Revenues 220,086 Assets Cash 5,419 Expenses Acc Receivable 2,241 COGS 154,994 Inventory 4,294 Selling Exp 711 Equipment 34,280 Beginning RE 0 Adv Expense 5,943 Supplies 0 Net Income 44,628 Building 0 Dividends 1,200 Adm Expense 594 Land 70,342 ending RE 12,016 Net Income 13,216 Total Assets 116,576 Ending RE-Beg RE=Net income-Dividends Liabilities Accounts Payable 3,692 Long-Term Liabilities
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Unformatted text preview: 25,868 Owner's Equity PI Capital 75,000 82,296 Retained Earnings 12,016 Paid in capita 75,000 Revenues 246,496 Assets Cash 6,232 Expenses Acc Receivable 2,129 COGS 189,093 Inventory 4,723 Selling Exp 732 Equipment 41,419 Beginning RE 12,016 Adv Expense 6,656 Supplies Net Income 2,264 S&W Exp 46,860 Building Dividends 1,600 Adm Expense 891 Land 70,342 ending RE 12,680 Net Income 2,264 Total Assets 124,845 Ending RE-Beg RE=Net income-Dividends Liabilities Accounts Payable 4,641 199,636 Long-Term Liabilities 32,524 Owner's Equity PI Capital 75,000 120,204 Retained Earnings 12,680...
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This note was uploaded on 04/12/2011 for the course ACC 310F taught by Professor Verduzco during the Spring '07 term at University of Texas.

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acc assignment 1 - 25,868 Owner's Equity PI Capital 75,000...

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