Sanchez Chapter 1

Sanchez Chapter 1 - Ch 1 Continuing Problem Name: Section:...

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Unformatted text preview: Ch 1 Continuing Problem Name: Section: Date: SANCHEZ COMPUTER CENTER ASSETS A. BALANCE B. BALANCE C. BALANCE D. BALANCE E. BALANCE F. BALANCE G. BALANCE H. BALANCE I. BALANCE J. Cash + 4500 4500 -1200 3300 -600 2700 0 2700 -400 2300 250 2550 200 2750 0 2750 1200 3950 -100 ENDING BALANCE 3850 = LIABILITIES + OWNER'S EQUITY Computer Office Accounts Freedman Freedman Supplies + Shop Equipment + Equipment = Payable + Capital - Withdrawals + Revenue 0 0 0 0 4500 0 0 0 0 0 0 4500 0 0 0 1200 0 0 0 0 0 0 1200 0 0 4500 0 0 0 0 600 0 0 0 0 0 1200 600 0 4500 0 0 250 0 0 250 0 0 0 250 1200 600 250 4500 0 0 0 0 0 0 0 0 0 250 1200 600 250 4500 0 0 0 0 0 0 0 0 250 250 1200 600 250 4500 0 250 0 0 0 0 0 0 200 250 1200 600 250 4500 0 450 0 0 0 85 0 0 0 250 1200 600 335 4500 0 450 0 0 0 0 0 0 1200 250 1200 600 335 4500 0 1650 0 0 0 0 0 100 0 250 1200 600 5900.00 335 = 5900.00 4500 100 1650 Expenses 0 0 0 0 0 0 0 0 400 400 0 400 0 400 85 485 0 485 485 Ch 1 Continuing Problem Name: Section: Date: SANCHEZ COMPUTER CENTER INCOME STATEMENT FOR THE MONTH ENDED JULY 31, 200X Revenue Service Revenue Operating Expenses Rent Expense Utilities Expense Total Operating Expenses Net Income SANCHEZ COMPUTER CENTER STATEMENT OF OWNER'S EQUITY FOR THE MONTH ENDED JULY 31, 200X T. Freedman, Capital July 1, 200X Net Income for July Less: T. Freedman Withdrawals for July Increase in Capital T Freedman, Capital July 31, 200X 1,650.00 400.00 85.00 485.00 1,165.00 4,500.00 1,165.00 100.00 1,065.00 5,565.00 Ch 1 Continuing Problem Name: Section: Date: SANCHEZ COMPUTER CENTER BALANCE SHEET JULY 31, 200X ASSETS Cash Supplies Computer Shop Equipment Office Equipment LIABILITIES AND OWNER'S EQUITY 3,850.00 Liabilities 250.00 Accounts Payable 335.00 1,200.00 Total Liabilities 335.00 600.00 Owner's Equity T. Freedman Capital Total Assets Total Liabilities and 5,900.00 Owner's Equity 5,565.00 5,900.00 ...
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This note was uploaded on 04/05/2012 for the course APA 1111 taught by Professor Fredricks during the Spring '12 term at Valencia.

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Sanchez Chapter 1 - Ch 1 Continuing Problem Name: Section:...

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