5 6 8. 7 8 b. Given Data: Fair value of equipment invested by owner Cash invested by owner Cash received for articles submitted to The Globe and Mail $2,500 $3,000 $6,500 9 C Supplies purchased on credit $ 600 10 d. Salary paid to assistant $1,450 11 e Cost of furniture ordered (to arrive in May) $3,000 12 f Cash paid for first month's rent $1,400 13 9 Fee for article submitted to Report on Business, to be received next month $4,500 14 15 Answer: 16 Assets Liabilities Equity 17 18 a 19 b. Cash Accounts Receivable Explanation of Accounts Mailin Moon, $3,000 $-0 Supplies $ -0- + Equipment $-0- Payable $ -0- Capital Equity Transaction $-0- +6,500 -0- -0- 20 Bal -0- -0- 0 $.0- $ -0- $-0 $ -0- $-0 $ -0- 21 C -0- -0 -0- -0- 22 Bal -0- -0- $-0 $-0 $-0- $-0 $-0 21 d. $-0- 1,450 -0- -0- -0 24 Bal 0 -0- $-0 $-0 $-0 $-0 $0 $-0 25 e -0- -0- -0 -0 0 -0 26 Bal $-0- $-0 $-0 $-0 $-0- $-0 27 1 1,400 -0- -0 -0- -0- 28 Bal $-0 $-0 $-0 $-0 $-0- $.0 29