ASSETS = LIABILITIES + CAPITAL

a. 176,000.00 53,000.00 123,000.00

b. 200,000.00 = 50,000.00 150,000.00

70,000.00 30,000.00
270,000.00 80,000.00 190,000.00

c. 100,000.00 60,000.00 40,000.00

80,000.00 (10,000.00)
180,000.00 = 50,000.00 130,000.00
 ASSETS
Date Cash Art Supplies Office Supplies Equipment Furniture & Accounts
Fixtures =

Feb. 5 150,000
9 (15,000) 15,000
16 (35,000) 105,000
20 6,000
22 (1,500) 1,500
25 8,000
28 (35,000)
63,500 15,000 1,500 111,000 8,000

199,000 =
Accounts Notes Kalaw,
Payable Payable Capital

150,000

70,000
6,000

8,000
(70,000) 35,000
14,000 35,000 150,000

49,000 + 150,000
 Date Cash Accounts Supplies Rent Furniture& Equipment Leasehold
Receivable Deposit Fixtures Improvement

120,500 1,500 10,000 8,000 345,000 15,000

April 2 (300)
5 (2,815)
8 (500)
12 (5,750)
18 (1,500)
20
(6,250)
25 (5,000)
30 18,500 500
30 (10,000)
106,885 500 1,500 10,000 8,000 345,000 15,000
Accounts Notes De Dios, Explanation
Payable Payable Capital for Capital

### 350,000
(300) Taxes and licenses
(2,815) Taxes and licenses
(500) Taxes and licenses
(5,750) Utility expense
(1,500) Withdrawal
800 (800) Utility expense
(6,250)
(5,000) Rent expense
19,000 Internet, On-lineand LAN Games Fees
(10,000) Salary expense
800 ### 342,335