The following table shows the effects of five transactions (a through e) on the assets, liabilities, and
Question:
The following table shows the effects of five transactions (a through
e) on the assets, liabilities, and equity of Trista’s Boutique. Write short descriptions of the probable nature of each transaction.
Assets Liabilities Equity Cash Accounts Office Land Accounts Common Revenues Receivable Supplies Payable Stock
$ 21,000 $ 0 $3,000 $ 19,000 $ 0 $43,000 $ 0
a. 4,000 4,000
b. 1,000 1,000
c. 1,900 1,900
d. 1,000 1,000
e. ___1_,_9_0__0 __1_,_9_0_0_ _______ ________ _______ _______ ______
$__1_7_,_9_0_0_ $______0_ _$_4_,0__0__0 _$_ 2_3_,__0_0_0 $______0_ _$_4_3_,_0_0_0 _$_1_,9__0_0 ________ _______ _______ ________ _______ _______ ______
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Related Book For
Financial Accounting Information For Decisions
ISBN: 9780073043753
4th Edition
Authors: John J. Wild
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