COMPLETE THE TABLE OF THE ACCOUNTING EQUATION COMPANY 1 ASSETS $ 30,000 LIABILITIES___ EQUITY $ 20,000 COMPANY 2 ASSETS ___ LIABILITIES $ 50,000 EQUITY $ 30,000 COMPANY 3 ASSETS $ 90,000 LIABILITIES $ 10,000 EQUITY______

EXCERCICE 2 TABLE 2

LENA GOLD STARTED HER BUSINESS IN JUNE 1 AND WILL PREPARE HER FINANCIAL STATEMENTS AT THE END OF THE MONTH. DURING THE MONTH OF JUNE LENA MADE THE FOLLOWING TRANSACTIONS IN HER BUSINESS. PREPARE A TABLE WITH THE FOLLOWING ACCOUNTS: CASH, ACCOUNTS RECEIVABLE, EQUIPMENT, ACCOUNTS PAYABLE, L. GOLD, CAPITAL, L. GOLD, WITHDRAWAL, REVENUES AND EXPENSES. A. THE OWNER INVESTES $ 50,000 CASH IN HER BUSINESS AND CONTRIBUTES AN EQUIPMENT WITH A COST OF $ 10,000. B. MAKES A PAYMENT OF $ 1,600 CASH PER MONTH'S RENT CONCEPT. C. MAKE A PURCHASE OF ADDITIONAL EQUIPMENT FOR $ 12,000 ON CREDIT. D. COMPLETE A JOB FOR A CLIENT AND RECEIVE $ 2,000 CASH. E. COMPLETE A JOB FOR ANOTHER CUSTOMER AND SEND A BILL FOR $ 7,000. F. PURCHASE ADDITIONAL EQUIPMENT FOR $ 8,000 CASH. G. MAKES A $ 2,400 PAYMENT FOR WAGES CONCEPT TO HIS ASSISTANT. H. RECEIVES $ 5,000 CASH AS A PARTIAL PAYMENT FROM THE TRANSACTION CLIENT E. I. MAKES A PAYMENT OF $ 12,000 CASH TO SET OFF THE DEBT ON THE TRANSACTION C. J. THE OWNER MAKES A $ 500 CASH WITHDRAWAL FOR PERSONAL USE.