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Accounting Assigment 1
Accounting Assigment 1
b.
Bal.
c.
Bal.
d.
Bal.
e.
Bal.
f.
Bal.
g.
Bal.
h.
Bal.
i.
Bal.
$
-$
$
-$
$
$
$
-$
$
-$
$
-$
$
-$
$
-$
$
ASSETS
Cash
Supplies
25,000
1,850 $
1,850
23,150 $
1,850
1,200
21,950 $
1,850
41,500
63,450 $
1,850
3,600
59,850 $
1,850
4,000
55,850 $
1,850
4,650
51,200 $
1,850
5,000
46,200 $
1,850
900
###
45,300 $
950
LIABILITIES
Accounts Payable
$
$
1,200
1,200
Personal Funds
$
25,000
$
25,000
25,000
EQUITY
Comission
1,200
25,000
###
41,500
1,200
25,000
41,500
1,200
25,000
41,500
1,200
25,000
41,500
1,200
25,000
41,500
1,200
25,000
41,500
EQUITY
Rent / Equipment
Withdrawl
$
$
3,600
3,600
$
3,600 $
4,000
4,000
3,600 $
4,000
3,600 $
4,000
3,600 $
4,000
Automobile Expenses
$
$
3,050
3,050
Misc. Expenses
$
$
1,600
1,600
Salaries
3,050
$ 5,000
1,600 $ 5,000
3,050
1,600 $
5,000
Supplies
$
$
900
900