Homework 2 - Valerie Bodden 10-0014 Accounting HW#2 Pag 48...

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Valerie Bodden 10-0014 Pag. 48, P1-47 Assets = Liabilities + Cash + Supplies + + + = + 10,000 + + + + = + 10,000 10,000 + + + + = + 10,000 (500) + + + + = + (500) 9,500 + + + + = + 9,500 (2,000) + + 2,000 + + = + 7,500 + + 2,000 + + = + 9,500 + + + + 3,600 = 3,600 + 7,500 + + 2,000 + + 3,600 = 3,600 + 9,500 + 300 + + + = 300 + 7,500 + 300 + 2,000 + + 3,600 = 3,900 + 9,500 + + + 1,700 + = + 1,700 7,500 + 300 + 2,000 + 1,700 + 3,600 = 3,900 + 11,200 (200) + + + + = + (200) 7,300 + 300 + 2,000 + 1,700 + 3,600 = 3,900 + 11,000 800 + + + + = + 800 8,100 + 300 + 2,000 + 1,700 + 3,600 = 3,900 11,800 Accounting HW #2 Owners' Equity Equipmen t Accounts Receivable Office furniture Accounts payable Arthur Shore, Capital
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Valerie Bodden 10-0014 Pag. 48, P1-47 Income Statement Month ended December 31, 2010 Revenue: 2500 Expenses: 500 200 700 Net income 1800 Accounting HW #2 Consulting Services Office Rent Expenses Total expenses
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Valerie Bodden 10-0014 Pag. 48, P1-47 Haupt Consulting Statement of Owner's Equity Month ended December 31, 2010 Haupt Consulting, Capital, December 31, 20 $- Add: Investments by owner 10,000 Net income 1,800 $11,800 Less: Withdrawals - Haupt Consulting, Capital, December 31, 20 $11,800 Accounting HW #2
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Valerie Bodden 10-0014 Page 48, P1-47 Haupt Consulting Balance Sheet 31-Dec-10 Assets Liabilities Cash $8,100 $3,900 1,700 Supplies 2300 Owner’s Equity 3,600 11,800 Total assets 15,700 15,700 Accounting HW #2 Accounts payable Accounts receivable Office Furniture Haupt Consulting, Capital Total liabilities and Qwner’s Equity
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Valerie Bodden Donna White Design Consultant 10-0014 January 31, 2010 17-May-10 Page 103: P2-29A Donna White Design Consultant Journal January 1, 2010 Date Accounts Debit Credit 2010 1-Jan Cash 35,000 Donna White, Capital 35,000 4-Jan Supplies 300 Furniture 2,200 Accounts Payable 2,500 6-Jan Cash 2,000 Service Revenue 2,000 7-Jan Land 23,000 Cash 23,000 10-Jan Accounts Recievable 900 Service Revenue 900 14-Jan Accounts Payable 2,200 Cash 2,200
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