acy1111-ch1

# acy1111-ch1 - {a CINDY EELTDN l‘i'ﬂ'l'ﬂlFillilElI'r...

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Unformatted text preview: {a} CINDY EELTDN. l‘i'ﬂ'l'ﬂlFillilElI'r AT LAW Acceunte Office Netes Accounts Cemmen Retained Cash + Receivable + Supplies + Equipment = Payable + Payable + Stock + Earnings Bal. 54,001] + 51,500 + \$503 + 55.555 \$4,2Elﬂ + SEJJEIIJ + 5 Bill] 1- ﬂﬂ iﬂ 5.455 + 155 + 555 + 5.555 = 4.255 + 5.555 + 555 3- ﬂ m 2.555 + 155 + 555 + 5.555 = 1.555 + 5.555 + 555 5. +5.555 ﬂ +5.555 la} 5.555 + 5.155 + 555 + 5.555 = 1.555 + 5.555 + 5.555 4. —455 +1.555 +555 5.555 + 5.155 + 555 + 5.555 = 2.155 + 5.555 + 5.555 5. E + —5.555 :5: + —555 5:} + —555 :5: 1.555 + 5.155 + 555 + 5.555 = 2.155 + 5.555 + 5.555 5. —?55 + 455 :5} 555 + 5.155 + 555 + 5.555 = 2.155 + 5.555 + 4.555 T. +2.|J[||] +\$E,ﬂﬂﬂ + 2,301] + 5,101] + EDI] + EJJﬂl] 2,001] + 2,101] + 5.000 + 4.555 5. u. .r '5. +255 + + 455.45 E + E 55115 + 555515 ﬂ’r E W + 5455“ \$14,901] \$14,901] ‘E'E‘I- WEI'I‘ECIHd PROBLEM 1-3A [Conti n ued} {b} CINDY BELTDN, ATTtI.‘IRNE‘tr AT LAW Inoome Statement For the Month Ended August 31, SUSS Revenues Servioe revenue ............................................ .. Expenses Salaries expense .......................................... .. SSJJEIEI Rent expense ................................................ .. SUD Advertising expense .................................... .. 35D thilities expense ........................................... .. 25D Total expenses Net income ........................................................... .. CINDY BELTDN, ATTiCiIFlililE'tIr AT LAW Retained Earnings Statement For the Month Ended August 31! ZEUS Retained earnings, August 1 .............................. .. Add: Net income ................................................ .. Less: Dividends .................................................. .. Retained earnings, August 31 ............................ .. Key to Retained Earnings Column {a} Service Revenue [d] Advertising Expense {bi Salaries Expense {e} Dividends to} Rent Expense [f] Utilities Expense \$S:DDD \$ SUD 4 IElli] EESDD TED 4.550 PRDELE M 1 -3A {Ccnti nu ed] CINDY EIELTDN, ATTORNEY AT LAW Balance Sheet August 31! acres Assets |[lash .......................................................................... .. \$ 2,3“! Acccunts receivable ................................................ .. 5,1ﬂﬂ Supplies .................................................................... .. EDD |Eiffice equipment ...................................................... .. E,ﬂﬂﬂ Tctal assets ....................................................... .. M Liabilities and Stcclthclclersi Equity Liabilities thes payable ................................................... .. \$ 2,13% Accounts payable ............................................. .. 2,351] Tctal liabilities............................................. 4,3513 Steckhclders’ equity Common stock .................................................. .. \$6,135”: Retained earnings ............................................ .. 4,55!) 1Ei,55ﬂ Total liabilities and stockholders! equity.... 1L1 EIEIEI ...
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acy1111-ch1 - {a CINDY EELTDN l‘i'ﬂ'l'ﬂlFillilElI'r...

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