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  • Quiz 1

    Uploaded by

    Hasham Zahid
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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    6 views3 pages

    Quiz 1

    Uploaded by

    Hasham Zahid

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Cash

    50000
    Bank

    Inventory

    50000
    500000

    Accounts Payable
    Salary Expense

    500000
    6000

    Bank
    Cash

    6000
    350000

    Revenue
    Cost of Goods Sold

    350000
    200000

    Inventory
    Misc expense

    200000
    5000

    CASH
    Inventory

    5000
    200000

    Accounts Payable
    Inventory

    200000
    2500

    CASH
    Salary Expense

    2500
    6000

    Bank
    Cash

    6000
    300000

    Sales
    Cost of Goods Sold

    300000
    262500

    Inventory
    Water Expense
    Electricity Expense
    Rent Expense
    Maintenance Expense

    262500
    2000
    1500
    10000
    2500

    Accounts Payable

    16000

    Cash

    692500

    Inventory
    500000
    200000
    200000
    2500
    502500

    Ac Payable
    COGS

    716000
    462500

    240000 remaining balance


    -262500

    Cash
    Bank
    Inventory
    Accounts Payable
    Salary Expense
    Sales
    Cost of Goods Sold
    Misc Expense
    Water Expense
    Electricity Expense
    Rent Expense
    Maintenance Expense
    Capital

    692500
    38000
    240000
    716000
    12000
    650000
    462500
    5000
    2000
    1500
    10000
    2500
    1466000

    100000
    1466000

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