% AutoSave File Home Kevin Macdonald Insert Ch 4 Homework - Student (1) - Compatibility Mode - Excel Review View Help Search 2 Draw P age Layout Formulas Data Th A = Arial BIU - 10 A -A - Tot & Center - E Custom $ - % 9 448 D EE! 2.29 Sort & Conditional Formatas Formatting Table Cell Styles Insert Delete Format lipboard Font Fin Filter Sale Editing Alignment A B C D E F G H I J K L M N P Q R S T V W Y Z Assets Liabilities + Equity CH4 Debit Plus Credi Minus Debit Plus Credit Minus Debit Plus Credit Minus Debt Plus Credit Minus Debut Credit Plus Debt Mervus Credit Credit Debit Credit Plus Dela Cede Plus Cash Accounts Receivable Supplies Prepaid Insurance Accounts Payable Note Payable Revenue Capital, Peterson Expense Debit Debit Credit Credit Minus Debit Plus Credit Minus Debit Plus Credit Minus Debit Building Inventory Bank Drawing.Peterson Trial Balance Peterson Co. Income Statement For the Ended 12/31/01 Peterson Co. Balance Sheet Transactions 1. Peterson invests 8,000 into company 500 of supplies are bought with cash Form Cash AR + Type here to search DOLL Trial Balance Cash Peterson Co. Income Statement For the Ended 12/31/01 Peterson Co. Balance Sheet AIR Cash AR Revenues Expenses Net Income sactions Peterson invests 8,000 into company 500 of supplies are bought with cash Co. borrows 17,000 from bank. Co. buys inventory on account. 4,500. Co. buys truck for 7,500 Co. buys building for 12,000 Sale on account for 7,600, inventory cost 3.200 Withdraw by owner, 900 Insurance for next year is bought, 1,200 Supplies on hand at end of month, 290 Expired insurance, 300 Received 4,200 payment for A/R Made a 1,800 payment on A/P Supplies Prepaid Insurance Truck Building Inventory Accounts Payable Note Payable Bank Loan Revenue Capital, Peterson Drawing. Peterson Expense Totals Supplies Prepaid Ins. Truck Suilding Inventory Total Assets Paterson Co. Statement of Owner's Equity For the Ended 12/31/01 AP Beg. Hal. Investments Net Income Withdraws End, Balance Note Pay. Bank Loan Total Liabilities Cap. Peterson Total Liab & Equity