Problem 2.1 Simple Transactions

Problem 2.1 Simple Transactions - Problem 2.1: Simple...

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Problem 2.1: Simple Transactions Part A: September Assets = Liabilities + Equity Cash Equipment Notes Payable Common Stock Expense 1 +10000 +10000 2 EC 3 -3000 -3000 4 +25000 +25000 5 -6000 +6000 +26000 +6000 = +25000 + +10000 -3000 +32000 = +32000 Part A: October Assets = Liabilities + Equity Cash Equipment A/R Notes Payable Un. Ser. Rev Common Stock Expense Revenue +26000 +6000 +25000 +10000 -3000 1 +500 +500 2 +400 +400 3 +300 +300 4 -1000 -1000 5 -2500 -2500 6 -1200 -1000 -200 +22100 +6000 +400 = +24000 +300 + +10000 +6700 +900 +28500 = +28500
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Problem 2.1: Simple Transactions Part B: September Assets = Liabilities + Equity Cash Equipment Inventory PP Adv. Acct. Payable Common Stock Expense 1 +10000 +10000 +4800 +4800 +2400 +2400 2 EC 3 EC 4 EC 5 +5000 +5000 6 -1000 +1000
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Problem 2.1 Simple Transactions - Problem 2.1: Simple...

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