excell - 4,100 Operating Expenses Office Supplies 392...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
ACCT 100 e Chapter 2 Everything but the Sink In-class exercisce Transactions and End-of-Period Adjusting Entries Note> A hard copy listing the transactions that are recorded below was distributed in class. Assets Liabilities Cash A/R Inventory Office Supplies Prepaid ReA/P Capital Ret. Erngs Beg 5,500 900 5,458 392 1,500 560 4,040 9,150 2-Jun 1,100 (500) 8-Jun 1,700 (900) 11-Jun (2,000) (2,000) 15-Jun 2,500 2,500 18-Jun 1,900 (1,000) 22-Jun 4,100 (2,050) 27-Jun (1,200) 30-Jun 2,600 (2,600) 6/30 (a) (500) Closing Closing 2,650 Endg Bal 7,900 4,100 3,508 392 1,000 3,060 4,040 7,150 2,650 Income Statement Balance Sheet Assets Sales Revenue (Cost of Goods Sold) Current Assets: Gross Pofit Cash 7900 A/R
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 4,100 Operating Expenses Office Supplies 392 Consulting Exp Inventory 3,508 Rent Exp Prepaid Rent 1,000 Opertaing Income Total Current Assets 16,900 Net Income Total Assets 16,900 Liabilities Current Liabilities: A/P 3,060 Notes Payable 4,040 Total Current Liabilites 7,100 Total Liabilities 7,100 Owners' Equity Contributed Capital 7,150 Retained Earnings 2,650 Total O.E. 9,800 Total Liabilities & Owners' Equity 16,900 Notes Payable Shareholders' Equity Revenue Expenses 1,100 (500) 1,700 (900) 1,900 (1,000) 4,100 (2,050) (1,200) (500) (8,800) 6,150 ni = 2650- - 8,800 (4,450) 4,350 (1,200) (500) (1,700) e 2,650...
View Full Document

Page1 / 2

excell - 4,100 Operating Expenses Office Supplies 392...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online