Question
Create a balance sheet using the table format provided *This is all we are given we must complete with what we have Transaction 1 Receive
Create a balance sheet using the table format provided *This is all we are given we must complete with what we have
Transaction 1 Receive Cash for service $2500
2 Accounts receivable $500
3 Equipment Purchase $700
4 Equip. on Accounts Payable $ 300
5 Owner capitol input $1500
6 Owner withdrawal $ 400
7 Payment for services $4000
8 Equipment Repair paid $ 50
9 Advertisement expense $ 150
10 Travel expense $ 250
11 Supplies expense $ 200
12 Rent expense $ 300
Transaction | Assets | = | Liabilities | + | Equity | ||||
No. | Cash | + | Accounts Receivable | + | Equipment | = | Accounts Payable | + | Owners Capital |
1. | + | + | = | + | |||||
2 | + | + | = | + | |||||
3 | + | + | = | + | |||||
4 | + | + | = | + | |||||
5 | + | + | = | + | |||||
6 | + | + | = | + | |||||
7 | + | + | = | + | |||||
8 | + | + | = | + | |||||
9 | + | + | = | + | |||||
10 | + | + | = | + | |||||
11 | + | + | = | + | |||||
12 | + | + | = | + | |||||
Total | + | + | = | + |
Balance Sheet | ||
Assets | ||
Cash | ||
Accounts Receivable | ||
Equipment | ||
Total Assets | ||
Liabilities and Owners Equity | ||
Accounts Payable | ||
Owners Capital | ||
Total Liability and Owners Equity |
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