Question
Solution Assets = Liabilities + Equity Date Cash + Medical Supplies + Land = Accounts Payable + Smith, Capital Smith, Withdrawal + Service Revenue Salaries
Solution
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| Assets | = | Liabilities | + |
Equity | |||||||||||||||
| Date | Cash | + | Medical Supplies | + | Land | = | Accounts Payable | + | Smith, Capital | Smith, Withdrawal | + | Service Revenue | Salaries Expense | Rent Expense | Utilities Expense | |||||
| July 6 | +55,000 |
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| +55,000 |
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| Bal. | $55,000 |
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| = |
| + | $55,000 |
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| 9 | 46,000 |
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| +46,000 | = |
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| Bal. | $ 9,000 |
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| + | $46,000 | = |
| + | $55,000 |
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| 12 |
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| Bal. |
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| 15 |
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| Bal. |
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| 20 |
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| Bal. |
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| 31 |
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| Bal. |
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| 31 |
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| Bal. | $13,300 | + | $1,800 | + | $46,000 | = | $ 700 | + | $55,000 |
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| + | $8,000 | $1,600 | $900 | $100 | ||||
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A History Of Accountancy In The United States
Authors: Gary John Previts, Barbara Dubis Merino
98th Edition
0814207286, 978-0814207284
