23 24 Ex.2 25 26 Financial data of the Beta Co. for October are presented be low in transaction form. 27 1. Began operations by depositing PLN 22,000 in a business bank account. 28 2. Purchased equipment for PLN 10,000, paying PLN 4,000 in cash with the balance on account. 29 3. Purchased supplies for cash PLN 500. 30 4. Cash income received PLN 3,000. 31 5. Paid salaries for the month PLN 1,200. 32 6. Paid general expenses PLN 600. 33 7. Paid PLN 1,000 on account (transaction 2). 34 8. The inventory of supplies on hand at the end of the month was PLN 200. 35 36 RECORD THE TRANSACTIONS AND BALANCES BELOW IN THE TABLE 37 38 ASSETS cash 39 1 40 2 41 BALANCE 42 3 43 BALANCE 44 4 45 BALANCE 46 5 47 BALANCE 48 6 49 BALANCE 50 7 51 BALANCE 52 8 53 BALANCE 54 55 TOTAL 56 Supplies Liabilities Equity Equipment = Accounts Payable Capital