Determine the amounts in this Equation Assets Liabilities Stockholders Equity A

# Determine the amounts in this equation assets

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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 AnalysisBeginning BalancesCash6,800Accounts Payable2,100Account Receivable9,800Notes Payable3,300Common Stock2,000Retained Earnings9,200Total Assets16,600Total Liabilities +S.E16,600Transaction of the Month:July1Paid July rent, \$510.2Collected \$7,100 on account from customers.3Paid \$1,800 installment due on the \$3,300 noninterest-bearing note payable.4Billed customers for design services rendered on account, \$16,550.5Rendered design services and collected from cash customers, \$1,200.6Paid \$1,400 to creditors on account.7Collected \$12,750 on account from customers.8Paid a delivery service for delivery of graphics to commercial firms, \$650.9Paid July salaries, \$4,600.10Received invoice for July advertising expense, to be paid in August, \$600.11Paid utilities for July, \$250.12Paid stockholders a dividend of \$2,000 cash.13Received invoice for supplies used in July, to be paid in August, \$2,260.14Purchased computer for \$6,300 cash to be used in business starting next monthContinue 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

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