chapter 1 accouting

800 Rere LP L03, S50 J. Wadden, Withdrawals Jim Trickett, a retired army officer, opened Trickett's Catering Service. As his accountant, analyze the transactions listed and present them in proper form. d. The analysis of the transactions by using the expanded accounting equation. b. A balance sheet showing the financial position of the firm before opening on October 31, 201X. c An income statement for the month of November. d. A statement of owner's equity for November. e. A balance sheet as of November 30, 201X. 201X Oct. 25 Jim Trickett invested $22,000 in the catering business from his personal savings account. 27 Bought equipment for cash from Codair Co., $700. 28 Bought additional equipment on account from Keegan Co., $2,100. 29 Paid $800 to Keegan Co. as partial payment of the October 28 transaction (You should now prepare your balance sheet as of October 31, 201X. Nov. 1 Catered a graduation and collected cash, $2,000. 5 Paid salaries of employees, $1,500. 8 Prepared desserts for customers on account, $150. 10 Received $100 cash as partial payment of November 8 transaction. 15 Paid telephone bill, $50. 30 CHAPTER 1 Accounting Concepts and Process . Will Check Figure: Total Liabilities and Owner's Equity November 30 $24,650 17 20 25 26 30 Pada home decor from the company Cathered a wedding and received th.. . Bought online on aut. Rent per due but www. Pald supplies expense. $250. Financial Report Problem (5 min) LO2 Reading Amazon's Annual Report Go to http//tinyurl.com/slaterale to access Amazon's 2016 Find the balance sheet and calculate the following How much did cash increase or decrease in 2016 from 2015 IT PFAL. SUAREZ COMPUTER SG-22