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Cash Accounts Receivable Supplies Equipment Accounts Payable Hawkin, Capital, December 1 Hawkin, Withdrawals Services Revenue Wages Expense Rent Expense Utilities Expense $ 8,700 1,300 3,600 15,500 7,800 19,800 2,500 17,800 8,000 3,300 2,500 QS 1-17 (Algo) Preparing a balance sheet LO P2 Use the above information to prepare a December balance sheet for Hawkin. HAWKIN Balance Sheet December 31 Liabilities Assets Equity Total Aesets ol Total Ilahilities and Fruit S QS 1-11 (Algo) Identifying effects of transactions using accounting equation-Assets and Liabilities LO The following transactions were completed by the company. a. The owner invested $15,400 cash in the company. b. The company purchased supplies for $600 cash. c. The owner invested $10,200 of equipment in the company. d. The company purchased $220 of additional supplies on credit. e. The company purchased land for $9,200 cash. Required: Enter the impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a minus sign.) Assets Transactions Number Cash + + Equity Owner, Withdrawals Supplies + + Equipment Land Liabilities Accounts Payable $ 15,400 Owner, Capital + + + a $ + + + 15,400 (600) - 14,800 + 11 $ = + . b. Balance after a and b + 600 + 600 0 + + + 0 = + 0 0 I! + : $ 10,200 10.200 15,400 10,200 + 25,600 + +++ Balance after c 14,800 600 - + + 0 1 0 wory ash. the company. supplies on credit h. al items of the accounting equation. (Enter decreases to account balances with a sets Equipment Liabilities Accounts Payable $ 15,4001 - Equity Owner Withdrawals Land Owner Capital Revenue Expenses + + + + + + ++ 0 0 0 0 0 + 0 + ### IIIIII + + 15,400 + 10,200 - 25,600 + $ 10,200 10,200 + 0 0 0 0 2 ol + + + 220 + 0 0 + 0 0 + 10,200 + 220 25,600 + : + + + - ! + 11 0 0 0 0 - + 10,200 + 220 11 + 25,600 + Cash Accounts Receivable Supplies Equipment Accounts Payable Hawkin, Capital, December 1 Hawkin, Withdrawals Services Revenue Wages Expense Rent Expense Utilities Expense $ 8,700 1,300 3,600 15,500 7,800 19,800 2,500 17,800 8,000 3,300 2,500 QS 1-17 (Algo) Preparing a balance sheet LO P2 Use the above information to prepare a December balance sheet for Hawkin. HAWKIN + Balance Sheet December 31 Assets Liabilities Equity Total Assets OlTotal Liabilities and Equity $ 0