EXERCISE 1-13B template

EXERCISE 1-13B template - EXERCISE 113B a. Lee, Inc....

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EXERCISE 1-13B a. Lee, Inc. Accounting Equation for 2008 Assets = Liabilitie s + Stockholders’ Equity Event Cash + Land = Notes Payable + Com. Stock + Retained  Earnings Acct.  Title/ RE Bal. 1/1/2008 12,000 25,000 -0- 15,000 22,000 1. Issued stk. NA 2.Pur. Land NA 3. Loan NA 4. Provide Svc. Svc. Rev. 5. Paid Utilities Util. Exp. 6. Pd. Op. Exp. Oper. Exp. 7. Paid Div. Dividends 8. Land Value NA Totals b. Lee, Inc. Income Statement For the Year Ended December 31, 2008 Service Revenue Utilities Expense Other Operating Expenses Net Income
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Lee, Inc. Statement of Changes in Stockholders’ Equity For the Year Ended December 31, 2008 Beginning Common Stock Plus: Common Stock Issued Ending Common Stock Beginning Retained Earnings Plus: Net Income Less: Dividends Ending Retained Earnings Total Stockholders’ Equity Lee, Inc. Balance Sheet
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This note was uploaded on 05/15/2011 for the course BUAD 2040 taught by Professor Amy during the Spring '11 term at Ohio State.

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EXERCISE 1-13B template - EXERCISE 113B a. Lee, Inc....

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