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Business transactions, number 11 full answer please put it in the table if requires. Cesario's Body Repairs Balance Sheet June 30, 20- Assets Liabilities Cash

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Business transactions, number 11 full answer please put it in the table if requires.

image text in transcribed
Cesario's Body Repairs Balance Sheet June 30, 20- Assets Liabilities Cash $ 7 500 Accounts Payable Bank Loan $ 3 400 Accounts Receivable 15 300 55 000 500 Equipment Total Liabilities 4 900 Owner's Equity F. Cesario, Capital 72 900 Total Liabilities Total Assets $77 800 and Owner's Equity $77 800 The following transactions took place during July: Jul. 3 Received $450 cash from K. Bell, a customer. 4 Purchased a new $1500 air compressor from K. D. Manufacturers on credit. 5 Borrowed $2000 cash from the bank. 8 Paid $600 to General Auto Parts, a supplier, to pay off some of the balance owing to them. 15 Made a $500 cash payment on the bank loan. 20 The owner, F. Cesario, invested a further $3000 in the business. (a) Prepare a transaction analysis sheet for Cesario's Body Repairs and record the transactions. (b) After the last transaction has been recorded, prepare the balance sheet equation to prove the accuracy of your work. 11. Mail-O-Matic Printing produces a variety of advertising materials, such as brochures and flyers, and distributes them door-to-door for retail stores. The February 28 balance sheet for Mail-O-Matic Printing and several transactions that occurred during March follow. (a) Complete a transaction analysis sheet for Mail-O-Matic. (b) After the last transaction, prove the arithmetical accuracy of your work by preparing the balance sheet equation. 1200 Mail-O-Matic Printing Balance Sheet 3 February 28, 20- Assets Liabilities Cash $ 14 000 Accounts Payable 6 500 Accounts Receivable 23 000 13 Printing Supplies 8 900 Owner's Equity Equipment 97 000 S. Zimic, Capital 136 400 Total Liabilities Total Assets $142 900 and Owner's Equity $142 900 Business Transactions Mar. 1 Purchased $950 worth of office supplies from Cooper Products on credit. 5 Some of the office supplies bought on March 1 were dam- 9 aged. Returned $200 worth of supplies to Cooper. Paid $700 to Clear Chemicals Lid., a supplier, to reduce balance owing. 10 Purchased a new $15 000 copier from Conway Manufacturers. Made a down payment of $3000 cash, and the balance of $12 000 is to be paid later. 12. At first glance, the following balance sheet for Dart Company may appear to be correct but it has several major and minor errors. (a) List the errors. (b) Prepare a correct balance sheet. Dart Company December 31, 20

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