ACC+557+P1-4A - [a] Owner's Assets = Liabilities + Equity...

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Unformatted text preview: [a] Owner's Assets = Liabilities + Equity Accounts Delivery Notes Accounts M. Miller, Date Cash + Receivable + Supplies + v'an = Payable + Pavahle + Capital June 1 510,0:1-0 $10,000 2 {2,000} sumo $10,000 3 [500} [mm 5 sum 4,4no 9 [200} [mm 12 $1ED S1 ED 15 1,250 [1,250] 1? 10:) [1cm 2:) 1,530 1,5no 23 [500} {509] 25 [250} [2501' 29 {1W} {100] 30 11,000:- £1.0mJ Lam + £3.13 + 31511 + 512M = £9,513]. + 51511 + $11.35;! {in} MILLER DELIUEFIIES Income Statement For the Month Ended June SD, 2008 Flevenues Service revenue {54.4% + 515%}....................... Expenses MILLER DELW EHIES Salaries expense Ftent Utilities Gasoline expense 51 fit“? EDD 25D 1 DC! Total expenses............................................ Net income Investment Rent Expense Service Revenue Drawings Gasoline Expense Service Revenue Utilities Expense Salaries Expense 55,9DD {Ci MILLER DELIVERIES Balance Sheet June 30, 20GB Cash............. Assets Accounts reeéiiéiiié'lllllllllIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII Supplies Delivery i.i'an Total Liabilities and Stockholders’ Equity Liabilities Notes payable Accounts Total liabilities Stockboltiers’ equity Common Retained earnings............ Total liabilities and s iééiéfis'laé'réréfiuity... $1U,Dflfl 3 BED —E— $ 3,200 3,15o 15:: 12mm M 35 9,50!) 150 9,55!) 13 350 _l_ fiflififlfl ...
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ACC+557+P1-4A - [a] Owner's Assets = Liabilities + Equity...

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