Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please if you can fill in the blanks from 1.11, please if you can send it and do the exercises in Microsoft Exccel ***** 1.11

Please if you can fill in the blanks from 1.11, please if you can send it and do the exercises in Microsoft Exccel

***** 1.11 Fincial Information of B.Glatt , Carpenter, for December is presented below .

(1) Began business by investing $14,000 cash and $6,000 eqipment in the business.

(2) Boughtadditional equipment for $2,000 on account.

(3) Purchased supplies $600 for cash.

(4) Paid $500 to creditor on account.

(5) Received $2,400 in fees earned during the month.

(6) Paid salary of part-time assistant, $300.

(7) Paid general expenses, $400.

(8) Paid balance due on equipment.

(9) Withdrew $700 for personal use.

(10) Cost of supplies used during month, $450.

Enter each transaction in the form below.

Assets Liabilities Capital

Cash + Supplies + Equipment Accounts Payable B.Glatt, Capital

(1)

(2) _ _ _ _ _

Balance =

(3) _ _ _ _ _

Balance =

(4) _ _ _ _ _

Balance =

(5) _ _ _ _ _

Balance =

(6) _ _ _ _ _

Balance =

(7) _ _ _ _ _

Balance =

(8) _ _ _ _ _

Balance =

(9) _ _ _ _ _

Balance = _ _

(10) _ _ _ _ _

Balance = _ _

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Business Strategy Audit

Authors: Vernal Della-Piana, Murray Low, Kendall Lyman

1st Edition

978-0955970740

More Books

Students also viewed these Accounting questions