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Help with my balance sheet Transaction Time Transaction amount Description Item Credit Debit Dec 31st, 2010 $100,000 collected from class Paid in capital (owner's equity)
Help with my balance sheet
Transaction Time | Transaction amount | Description | Item | Credit | Debit |
Dec 31st, 2010 | $100,000 | collected from class | Paid in capital (owner's equity) | 100000 | |
Cash (asset) | 100000 | ||||
Dec 31st, 2011 | $200,000 | bank loan | bank loan (long term liability | 200000 | |
Cash (asset) | 200000 | ||||
Jan 15th, 2011 | $150,000 | office space purchase | office building (asset) | 150000 | |
Cash (asset) | 150000 | ||||
Jan 15th, 2011 | $10,000 | Office equipment | office equipment (asset) | 10000 | |
Cash (asset) | 10000 | ||||
Jan 15th, 2011 | $6,000 | supplies | inventory (asset) | 6000 | |
Cash (asset) | 3000 | ||||
accounts payable (liability) | 3000 | ||||
June, 2011 | $12,500 | 5 months wage for staff | wage expense | 12500 | |
Cash (asset) | 12500 | ||||
June, 2011 | $20,833.33 | 5 months wage for manager | wage expense | 20833 | |
Cash (asset) | 20833 | ||||
$7,500 | Patient revenue | Accounts receivable (assets) | 7500 | ||
revenue | 7500 | ||||
$3,000 | pay to oncall nurse | Expense | 3000 | ||
Cash (asset) | 3000 | ||||
$1,500 | supplies | expenses | 1500 | ||
inventory (asset) | 1500 | ||||
Total | 511333 | 511333 | |||
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