Determine the amounts in this equation assets

Question 5: Determine the amounts in this Equation.
Assets = Liabilities + Stockholders’ Equity
A 320,000 175,000 145,000
B 103,000 61,000 42,000
Cash 6,000 Accounts
Receivable
10,800
Accounts Payable 6,000 Common stock 36,000
Equipment 30,000 Dividends 2,400
Utilities Expense 2,000 Administrative
Expense
8,000
Sale Revenue 17,200

Question 6 – Part A: Transaction Analysis
Beginning Balances
Cash 6,800 Accounts Payable 2,100
Account Receivable 9,800 Notes Payable 3,300
Common Stock 2,000
Retained Earnings 9,200
Total Assets 16,600 Total Liabilities +
S.E
16,600
Transaction of the Month:
July 1 Paid July rent, $510.
2 Collected $7,100 on account from customers.
3 Paid $1,800 installment due on the $3,300 noninterest-bearing note payable.
4 Billed customers for design services rendered on account, $16,550.
5 Rendered design services and collected from cash customers, $1,200.
6 Paid $1,400 to creditors on account.
7 Collected $12,750 on account from customers.
8 Paid a delivery service for delivery of graphics to commercial firms, $650.
9 Paid July salaries, $4,600.
10 Received invoice for July advertising expense, to be paid in August, $600.
11 Paid utilities for July, $250.
12 Paid stockholders a dividend of $2,000 cash.
13 Received invoice for supplies used in July, to be paid in August, $2,260.
14 Purchased computer for $6,300 cash to be used in business starting next
month
Continue onto the next page to see transactions…

General Journal
Date Description Debit Credit
07/01/18 Rent Expense 510 0
Cash 0 510
07/02/18 Cash 7,100 0
Accounts Receivable 0 7,100
07/03/18 Notes Payable 1,800 0
Cash 0 1,800
07/04/18 Accounts Receivable 16,550 0
Service Fees Earned 0 16,550
07/05/18 Cash 1,200 0
Service Fees Earned 0 1,200
07/06/18 Accounts Payable 1,400 0
Cash 0 1,400
07/07/18 Cash 12,750 0
Accounts Receivable 0 12,750
07/08/18 Delivery Expense 650 0
Cash 0 650
07/09/18 Salaries Expense 4,600 0
Cash 0 4,600
07/10/18 Advertising Expense 600 0
Accounts Payable 0 600
07/11/18 Utilities Expense 250 0
Cash 0 250
07/12/18 Dividends 2,000 0
Accounts Payable 0 2,000
07/13/18 Supplies Expense 2,260 0
Accounts Payable 0 2,260
07/14/18 Equipment 6,300 0
Cash 0 6,300
Cash

Beginning
Bal.
6,800 0
1 0 510
2 7,100 0
3 0 1,800
5 1,200 0
6 0 1,400
7 12,750 0
8 0 650
9 0 4,600
11 0 250
12 0 2,000
14 0 6,300
Balance 10,340
Accounts Receivable
Equipment
Notes Payable
Beginning Bal. 0 3,300
3 1,800 0
Balance 0 1,500
Accounts Payable
Beginning Bal. 9,800 0
2 0 7,100
4 16,550 0
7 0 12,750
Balance 6,500 0
14 6,300 0
Balance 6,300 0

Beginning Balance 0 2,100
6 1,400 0
10 0 600
13 0 2,260
Balance 0 3,560
Common Stock
Beginning Bal. 0 2,000
Balance 0 2,000
Retained Earnings
Beginning Balance 0 9,200
Balance 0 9,200
Dividends
Service Fees Earned
4 0 16,550
5 0 1,200
Balance 0 17,750
Rent Expense
1 510 0
Balance 510 0
Salaries Expense
9 4,600 0
Balance 510 0
Delivery Expense
8 650 0
12 2,000 0
Balance 2,000 0

Balance 650 0
Advertising Expense
10 650 0
Balance 650 0
Utilities Expense
11 250 0
Balance 250 0
Supplies Expense
13 2,260 0
Balance 2,260 0
Account Debit Credit
Cash 10,340 0
Account Receivable 6,500 0
Equipment 6,300 0
Accounts Payable 0 3,560
Notes Payable 0 1,500
Common Stock 0 2,000
Retained Earnings 0 9,200
Dividends 2,000 0
Service Fees Earned 0 17,750
Rent Expense 510 0
Salaries Expense 4,600 0
Delivery Expense 650 0
Advertising Expense 600 0
Utilities Expense 250 0
Supplies Expense 2,260 0
Totals 34,010 34,010
Trial Balance
Chapter 1: Quiz