PART I INSTRUCTIONS: CORRECT THE FOLLOWING TRIAL BALANCE SHEET AND EXPLAIN THE PROCESSES TO ACHIEVE IT VALUE.  DESCRIPTION DEBIT CREDIT  PROFIT EXPENSES 1,000 ACCOUNTS RECEIVABLE 3,200 NOTES PAYABLE 10,000 ORTIZ, CAPITAL 25,000 CASH 26,300 LAND 15,000 ACCOUNTS PAYABLE 500 SERVICE INCOME 12,000 ADVERTISING EXPENSES 2,000 

PART II INSTRUCTIONS

INSTRUCTIONS: THE OWNER IS IVETTE MARTINEZ AND IS DEDICATED TO GIVING BUSINESS CONSULTATIONS. THE BUSINESS BEGAN IN THE MONTH OF OCTOBER OF THE CURRENT YEAR.

1. ANALYZE THE FOLLOWING TRANSACTIONS IN THE TABLE OF THE SIMPLE EQUATION.

2. PREPARE THE TRANSACTIONS IN A DAY.

3. TRANSFER THE TRANSACTIONS TO THE RELEVANT T ACCOUNTS

4. PREPARE THE CHECK BALANCE OF THE COMPANY CALLED FREE CONSULTATIONS.

TRANSACTIONS:

1. MARTINEZ INVESTED $ 60,000 IN HER COMPANY.

2. MADE A LOAN TO BANCO SANTANDER FOR $ 10,000.

3. PAID $ 150 FOR THE ELECTRICITY BILL OF THE COMPANY.

4. PAID $ 500 THE MONTH OF OCTOBER OF THE BANK LOAN

5. GAVE $ 2,500 FOR SERVICES ON ACCOUNT TO THE CLIENT MARIA VEGA.

6. PURCHASED A COMPUTER FROM WALMART FOR THE TOTAL OF $ 2,500 ON ACCOUNT.

7. MARTINEZ WITHDREW $ 500 FOR PERSONAL USE.

8. RECEIVED $ 1,500 FOR SERVICES GIVEN.

9. PAID $ 100 FOR AN ADVERTISEMENT OF THE COMPANY.

10. RECEIVED $ 500 FROM MARIA VEGA AS A PAYMENT FOR HER ACCOUNT.