Question 1 of 3 .133 Chapter 1 Homework Question 3 of 3 134 Liabilities and Owner's Equity $ $ eTextbook and Media Prepare a tabular analysis of the August transactions beginning with July 31 balances. (If a transaction results in a decrease in Assets, Liabilities or Owner's Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See IIlustration 1-8 for example.) Question 1 of 3 133 EVAYEAW ies Owner's Equity Owner's Owner's Drawings Revenues $ $ $ s Maria Miller opened a law office on July 1, 2022. On July 31 , the balance sheet showed Cash $5,000, Accounts Receivable $1,800, Supplies $400, Equipment $5,900, Accounts Payable $3,800, and Owner's Capital $9,300. During August, the following transactions occurred. 1. Collected $1,500 of accounts receivable. 2. Paid $2,800 cash on accounts payable. 3. Recognized revenue of $8,400 of which $2,500 is collected in cash and the balance is due in September. 4. Purchased additional equipment for $2,300, paying $500 in cash and the balance on account. 5. Paid salaries $1,900, rent for August $1,200, and advertising expenses $450. 6. Withdrew $900 in cash for personal use. 7. Received $1,000 from Standard Federal Bank-money borrowed on a note payable. 8. Incurred utility expenses for month on account $230. (a) Prepare a tabular analysis of the August transactions beginning with July 31 balances. (If a transaction results in a decrease in Assets, Liabilities or Owner's Equity, place a negative sign (or parentheses) in front of the amount entered for the uestion 2 of 3 133 (a) 41,000 S1,000 89,000 (b) 105,000 182,000 (k) 59,000 70,000 (h) 108,000 48,000 (e) 84,000 150,000 (c) 10,000 11,400 18,000 12,000 (f) 12.500 13.000 350,000 412,000 (i) 511,000 332,000 384,000 359.000 (I) eTextbook and Media 133 MARIATMILLER, ATIORNEY ATLAW Determine the missing amounts. (Hint: For example, to solve for (a), Assets - Liabilities = Owner's equity =$30,000.) Chapter 1 Homework Question 2 of 3 133 31,2022 Assets (b) 105,000 182,000 Liabilitics 59,000 70,000 (h) Owner's equity 48.000 (e) 84,000 Owner's equity changes in year: Additional imvestment (c) 10,000 11,400 Drawings 12,000 (f) 12,500 Total revenues 350,000 412,000 (i) Total 332,000 384,000 359,000 eTextbook and Media Saye for Later Attemnts- nf2 uend Preparea balance sheet for Wildhorse Vista Park as of December 31, 2022. (List Assets in order of liquidity.) Laura Hall is the sole owner of Wildhorse Vista Park, a public camping ground near the Crater Lake National Recreation Area Laura has complied the following financial information as of December 31, 2022. (a) Determine Laura Hall's net income from Wildhorse Vista Park for 2022 Net incorne $ (b) Prepare a balance sheet for Wildhorse Vista Park as of December 31, 2022. (List Assets in order of liquidity) Determine the missing amounts. (Hint: For example. to solve for (a). Assets - Liabilities = Owner's equity =$30,000 ) 133 Owner's Equity Question 1 of 3 .133 Chapter 1 Homework Question 3 of 3 134 Liabilities and Owner's Equity $ $ eTextbook and Media Prepare a tabular analysis of the August transactions beginning with July 31 balances. (If a transaction results in a decrease in Assets, Liabilities or Owner's Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See IIlustration 1-8 for example.) Question 1 of 3 133 EVAYEAW ies Owner's Equity Owner's Owner's Drawings Revenues $ $ $ s Maria Miller opened a law office on July 1, 2022. On July 31 , the balance sheet showed Cash $5,000, Accounts Receivable $1,800, Supplies $400, Equipment $5,900, Accounts Payable $3,800, and Owner's Capital $9,300. During August, the following transactions occurred. 1. Collected $1,500 of accounts receivable. 2. Paid $2,800 cash on accounts payable. 3. Recognized revenue of $8,400 of which $2,500 is collected in cash and the balance is due in September. 4. Purchased additional equipment for $2,300, paying $500 in cash and the balance on account. 5. Paid salaries $1,900, rent for August $1,200, and advertising expenses $450. 6. Withdrew $900 in cash for personal use. 7. Received $1,000 from Standard Federal Bank-money borrowed on a note payable. 8. Incurred utility expenses for month on account $230. (a) Prepare a tabular analysis of the August transactions beginning with July 31 balances. (If a transaction results in a decrease in Assets, Liabilities or Owner's Equity, place a negative sign (or parentheses) in front of the amount entered for the uestion 2 of 3 133 (a) 41,000 S1,000 89,000 (b) 105,000 182,000 (k) 59,000 70,000 (h) 108,000 48,000 (e) 84,000 150,000 (c) 10,000 11,400 18,000 12,000 (f) 12.500 13.000 350,000 412,000 (i) 511,000 332,000 384,000 359.000 (I) eTextbook and Media 133 MARIATMILLER, ATIORNEY ATLAW Determine the missing amounts. (Hint: For example, to solve for (a), Assets - Liabilities = Owner's equity =$30,000.) Chapter 1 Homework Question 2 of 3 133 31,2022 Assets (b) 105,000 182,000 Liabilitics 59,000 70,000 (h) Owner's equity 48.000 (e) 84,000 Owner's equity changes in year: Additional imvestment (c) 10,000 11,400 Drawings 12,000 (f) 12,500 Total revenues 350,000 412,000 (i) Total 332,000 384,000 359,000 eTextbook and Media Saye for Later Attemnts- nf2 uend Preparea balance sheet for Wildhorse Vista Park as of December 31, 2022. (List Assets in order of liquidity.) Laura Hall is the sole owner of Wildhorse Vista Park, a public camping ground near the Crater Lake National Recreation Area Laura has complied the following financial information as of December 31, 2022. (a) Determine Laura Hall's net income from Wildhorse Vista Park for 2022 Net incorne $ (b) Prepare a balance sheet for Wildhorse Vista Park as of December 31, 2022. (List Assets in order of liquidity) Determine the missing amounts. (Hint: For example. to solve for (a). Assets - Liabilities = Owner's equity =$30,000 ) 133 Owner's Equity