Ace 103 Chapter 1 Transactions Analysis Exercises Problem 1-9A Lina Aragon started a new business and competed be following transactions during December Dec | Lina transferred $65,000 cash from a po savings account to a checking account in the name of Aragon Electric 2. The company rented office space and paid 100 cash for December Tent 3. The company purchased $13,000 of electrical equipment by paying $4,800 cash and agreeing to To pay the 58.200 balance in 30 days. 5. The company purchased office supplies by paying $800 cash 6. The company completed electrical work and immediately collected $1,200 cash for these services 8. The company purchased $2,530 of office equipment on credit 15. The company completed electrical work on credit in the amount of 55.000 18. The company purchased $350 of office supplies on credit 20. The company paid $2,530 cash for the office equipment purchased on December 24. The company received $5,000 cash for the work completed on December 15 29. The company paid the assistant's salary of $1,400 cash for this month 30. The company paid 5540 cash for this month's utility bill 31. Lina withdrew $950 cash from the company for personal use. REQUIRED 2. Analyze the above transaction using an Analysis Table. Show the balance for cach transaction b. Prepare Statement of Equity Simple Income Statement and Balance Sheet as of end of December Problem 1-9B Perera Roofing Company owned by Geren, began operations in July and completed the transactions during that first month of July 1, Pere invested $80,000 cash in the company 2. The company rested office space and past 500 cash for the laty 3. The company purchased on equipment for 5.000 To pay for operations MOON Acc 103 Chapter 1 Transactions Analysis Exercise 3 Problem 1-9A Lina Aragon started a new business and completed the following transactions during December Dec 1 Lina transferred 565,000 cash from a personal savings account to a checking account in the name of Aragon Electric 2. The company rented office space and paid $1,000 cash for December 3. The company purchased $13,000 of electrical equipment by paying $4,800 cash and agreeing to To pay the 58.200 balance in 30 days. 5. The company purchased office supplies by paying $800 cash 6. The company completed electrical work and immediately collected $1,200 cash for these services 8. The company purchased $2,530 of office equipment on credit 15. The company completed electrical work on credit in the amount of $5,000 18. The company purchased 5350 of office supplies on credit 20. The company paid $2,530 cash for the office equipment purchased on December 8 24. The company received $5,000 cash for the work completed on December 15 29. The company paid the assistant's salary of $1,400 cash for this month 30. The company paid S540 cash for this month's utility bill 31. Lina withdrew S950 cash from the company for personal use. REQUIRED a. Analyze the above transaction using an Analysis is the balance for each transaction b. Prepare i. Statement of Equity ii. Simple Income Statement and ini. Balance Sheet as of end of December Problem 1-95 Perera Roofing Company owned by Gerson Perez, began operations is July and completed the transactions during that first month of operations July 1. Perez invested $80,000 cash in the company 2. The company rented office space and paid 5700 cash for the July Tent 3. The company purchased roofing equipment for 55.000. To pay for 3