Accounts Office Accounts Vinni Venuchi,

Cash + Receivable + Supplies + Equipment = Payable + Capital

1. +$15,000 + + + = + +$15,000 Investment
15,000 + + + = + 15,000
2. -600 + + + = + -600 Rent Expense
14,400 + + + = + 14,400
3. -3,000 + + + +$3,000 = +
11,400 + + + = + 14,400
4. + + + = +$700 + -700 Adv. Expense
11,400 + + + = + 13,700
5. -800 + + +$800 + = +
10,600 + + + = + 13,700
6. +3,000 + +$8,000 + + = + +11,000 Serv. Revenue
13,600 + + + = + 24,700
7. -500 + + + = + -500 Drawings
13,100 + + + = + 24,200
8. -700 + + + = -700 +
12,400 + + + = 0 + 24,200
9. -2.200 + + + = + -2,200 Salaries Exp.
10,200 + + + = + 22,000
10. +4,000 + -$4,000 + + = +
$14,200 + $4,000 + $800 + $3.000 = $ 0 + +$22,000
(b) Ending Capital………………………………………………………………………………………………………………… $22,000

Add: Drawings………………………………………………………………………………………………………………… 500

22,500

Deduct: Investments………………………………………………………………………………………………………. 15,000

Net income…………………………………………………………………………………………………………………………. $7,500