(ACC100 -Accountng) Wk1 P1-29A p36

(ACC100 -Accountng) Wk1 P1-29A p36 - Revenue Service...

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Assets Liabilities Type of Transaction Cash Land $2,200 $1,500 $12,000 $8,000 $7,700 A 20000 + 20000 + Owner Investment Bal. 22,200 27,700 B 700 + 700 + Service Revenue Bal. 22,900 28,400 C 8,000 - 8,000 - Payment on Account Bal. 14,900 0 28,400 D 1000 + 1000 + Office Supplies Bal. 14,900 1,000 1,000 28,400 E 1,000 + 1,000 - Collected on Account Bal. 15,900 500 1,000 1,000 28,400 F 1,000 + 1,000 + Owner Investment Bal. 16,900 500 1,000 1,000 29,400 G 3,000 + 3,000 + Billed Service Bal. 16,900 3,500 1,000 1,000 32,400 H #1 900 - 900 - Rent Expense H #2 100 - 100 - Advertising Expense Bal. 15,900 3,500 1,000 1,000 31,400 I 100 + 100 - Sale of Supplies Bal. 16,000 3,500 900 1,000 31,400 J 1,500 - 1,500 - Owner Withdraw Bal. 14,500 3,500 900 1,000 29,900 30,900 30,900 Owner's Equity Accounts Receivable Office Supplies Accounts Payable Marilyn Crone, capital As of 8/31/2007
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Best Foot Forward Income Statement Month Ended September 30 2007
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Unformatted text preview: Revenue Service Revenue $3,700 Expenses Rent Expense $900 Advertising Expense $100 Total Expenses $1,000 Net Income $2,700 Best Foot Forward Statement of Owner's Equity Month Ended September 30 2007 Marilyn Crone, capital, August 31, 2007 $7,700 Add: Investment by owner $30,000 Add: Investment by owner $1,000 Net income for the month $2,700 $41,400 Less: Withdrawal by owner $1,500 Marilyn Crone, capital, September 30 2007 $39,900 Best Foot Forward Balance Sheet September 30 2007 Assets Liabilities Cash $14,500 Accounts Payable $1,000 Accounts Receivable $3,500 Office Supplies $900 Owner's Equity Land $12,000 Marilyn Crone, capital $39,900 Total Assets $30,900 Total Liablilites and Owner's Equity $40,900...
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This note was uploaded on 01/19/2012 for the course ACCOUNING ACC100 taught by Professor Rebecca during the Spring '11 term at Strayer.

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(ACC100 -Accountng) Wk1 P1-29A p36 - Revenue Service...

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