Question
Complete the following chart. Transaction Assets = Liabilities + Shareholders' Equity 1. Owners contributed $28,300 cash. 2. Purchased land for $21,200 cash. 3. Borrowed
Complete the following chart. Transaction Assets = Liabilities + Shareholders' Equity 1. Owners contributed $28,300 cash. 2. Purchased land for $21,200 cash. 3. Borrowed $9,100 cash from bank. 4. Provided services for $7,500 on account. 5. Paid $5,600 cash for expenses. 6. Paid $500 cash dividend to owners. Net effect Assets Liabilities Shareholders' Equity Accounts Recelvable Trans Cash Land Notes Payable Common Stock Reatined Earnings 1. 2. 3. 4. 5. 6. Total Click if you would like to Show Work for this question: Open Show Work
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
4th Edition
978-0133251241, 9780133427516, 133251241, 013342751X, 978-0133255584
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