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Acc 103 Chapter 1 Transactions Analysis Exercise 3 Problem 1-9A Lina Angon started a new business and completed the following transactions during December Dec 1
Acc 103 Chapter 1 Transactions Analysis Exercise 3 Problem 1-9A Lina Angon started a new business and completed the following transactions during December Dec 1 Lina transferred $65.000 cash from a personal savings account to a ding account in the name of Aragon Electric The company rented office space and paid $1,000 cash for December The company pred 13,000 of electrical equipment by paying To pay the 200 balance in 30 days. 5. The company purchased office supplies by paying 5800 cas! 6. The company completed electrical work and immediately 51.200 ch for these services 8. The company purchased 52 530 of office equipment on credit 15. The company completed electrical work on credit in the amo $5,000 18. The company purchased 5350 of office supplies on credit 20. The company paid $2.530 cash for the office equipment purchased December 24. The company received 55,000 cash for the work completed December 13 29. The company paid the assistant's salary of 1.400 cash for this month 30. The company paid to cash for this month's utility bill 31. Lina withdrew $250 cash from the company for personal use. REQUIRED a. Analyze the above transaction using an Analysis Table Show the balance for each transaction b. Prepare i. Statement of Equity ii. Simple Income Statement and it. Balance Sheets of end of December Problem 1.98 Perera Roofing Company owned by Gerwen Perer, began operasi July and completed the transactions during the first month of operations Daly . Peresvested $80,000 cash in the company 2. The company rented office space and paid 700 cash for the July 3. The company purchasing equipment for 55.000 To pay for
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