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(Solution) Assignment for Chapter 1

# (Solution) Assignment for Chapter 1 - Assignment for...

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Assignment for Chapter 1 (a) APOLLO BACCHUS, ATTORNEY AT LAW Cash + Accounts Receivable + Supplies + Office Equipment = Notes Payable + Accounts Payable + Common Stock + Retained Earnings Bal. \$12,000 + \$4,500 + \$1,500 + \$15,000 = + \$12,600 + \$18,000 + \$2,400 1. +4,200 -4,200 16,200 + 300 + 1,500 + 15,000 = + 12,600 + 18,000 + 2,400 2. -8,100 -8,100 8,100 + 300 + 1,500 + 15,000 = + 4,500 + 18,000 + 2,400 3. +9,000 +18,000 +27,000 (a) 17,100 + 18,300 + 1,500 + 15,000 = + 4,500 + 18,000 + 29,400 4. -1,200 +3,000 +1,800 15,900 + 18,300 + 1,500 + 18,000 = + 6,300 + 18,000 + 29,400 5. -12,750 -9,000 (b) -2,700 (c) -1,050 (d) 3,150 + 18,300 + 1,500 + 18,000 = + 6,300 + 18,000 + 16,650 6. -2,250 -2,250 (e) 900 + 18,300 + 1,500 + 18,000 = + 6,300 + 18,000 + 14,400 7. +6,000 +6,000 6,900 + 18,300 + 1,500 + 18,000 = 6,000 + 6,300 + 18,000 + 14,400 8. +750 -750 (f) 6,900 + 18,300 + 1,500 + 18,000 = 6,000 + 7,050 + 18,000 + 13,650 \$44,700 \$44,700

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Assignment for Chapter 1 (b) APOLLO BACCHUS, ATTORNEY AT LAW Income Statement For the Month Ended August 31, 2008 Revenues
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