Homework 1 Ex 4 - P1-39B(20-30 min Req 1 Assets Date Feb 4...

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Unformatted text preview: P1-39B (20-30 min) Req. 1 Assets Date Feb. 4 5 Bal. 6 7 Bal. 10 11 12 Bal. 18 Bal. 25 Bal. 28 Bal. Cash 26,000 + Accounts receivable + = Supplies Office furniture = + + + = 44,000 + 70,000 + (700) + + 69,300 + 54,000 + + + 69,300 + + 69,300 + (1,000) + 68,300 + (1,000) + 67,300 + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + = = = = = = = = = = = = = = = 16,000 16,000 16,000 16,000 700 700 700 700 700 700 Req. 2 a. b. c. d. + Total assets Total liabilities Total owner’s equity Net income for February $93,900 9,900 84,000 4,100 9,900 9,900 9,900 9,900 9,900 9,900 Liabilities Accounts payable + Owners' Equity + Arthur Shore, Capital + 9,900 9,900 9,900 9,900 9,900 9,900 + + + + + + + + + + + + + + + Type of owners' equity transaction Personal Owner Investment 70,000 Supplies Supplies 70,000 54,000 70,000 16,000 86,000 (1,000) 85,000 (1,000) 84,000 Personal Personal Service Revenue Rent Expense Withdrawal ...
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Homework 1 Ex 4 - P1-39B(20-30 min Req 1 Assets Date Feb 4...

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