problem 3-1 - 20 20 21 11. (+) $650 (-) $650 21 $15,510...

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146 Name Jacqueline Reyes Problem 3-1B Section MW 2:00pm-3:40pm Date 9/12/2011 New Dawn Window Washing Inc. (a) NEW DAWN WINDOW WASHING INC. Assets = Liabilities + Stockholders' Equity Trans- Accounts Accounts Common Retained Earnings action Cash + Receivable + Supplies + Equipment = Payable + Stock + Revenues - Expenses - Dividends 1 1. (+) $20,000 (+) $20,000 1 2 2 3 2. (-) $9,000 (+) $9,000 3 4 4 5 3. (-) $700 (+) 700 Decreases Retained Earn5 6 6 7 4. (-) $300 (+) $300 7 8 8 9 5. (+) $750 (+) $750 Decreases Retained Earn9 10 10 11 6. (+) $7,200 (+) $7,200 Increases Retained Earnin11 12 12 13 7. (-) $500 (-) $500 Decreases Retained Earn13 14 14 15 8. (-) $1,700 (+) $1,700 Decreases Retained Earn15 16 16 17 9. (-) $140 (+) $140 Decreases Retained Earn17 18 18 19 10. (+) 1,000 (+) $1,000 Increases Retained Earnin19
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Unformatted text preview: 20 20 21 11. (+) $650 (-) $650 21 $15,510 $350 $300 $9,000 $750 $20,000 $8,200 $3,290 $500 22 147 Name Jacqueline Reyes Problem 3-1B Conclu Section MW 2:00-3:40pm Date 9/13/2011 New Dawn Window Washing (b) New Dawn Window Washing Inc. Income Statement For the Year Ended May 31,2011 1 Revenues 2 Service Revenue 8,200 3 4 Expenses 5 Rent Expense 700 6 Advertising Expense 750 7 Salaries and Wages Expense 1,700 8 Utility Expense 140 9 Total Expenses 3,290 10 11 Net Income 4,910 12 13 14 15 16 17 18 19 20 147 147 uded Inc. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 147...
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This note was uploaded on 09/15/2011 for the course SCI-ACCOUN AC201 taught by Professor Walterboswell during the Fall '11 term at Montgomery CC.

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problem 3-1 - 20 20 21 11. (+) $650 (-) $650 21 $15,510...

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