Marks

Question 1 - (a) Analyzing accounting transactions

Choose account names from the drop down menu in the white section and figures from the drop down menu i

Show the effect of all transactions on accounting equation

Tr # Assets = Capital + Revenue -
2 1 Account Receivable
1 (1,800)
1 Cash
1 1,800
1
1
2 2 Cash
2 (1,300)
2
2
2
2
3 3 Cash Revenue
3 4,000 8,100
3 Account Receivable
3 4,100
3
3
3 4 Equipment
4 1,000
4 Cash
4 (600)
4
4
4 5 Cash
5 (3,350)
5
5
5
5
2 6 Cash
6 (500)
6
6
6
6
2 7 Cash
7 3,000
7
7
7
 7
2 8
8
8
8
8
8
20
figures from the drop down menu in the yellow section below.

Expenses - Dividend + Liabilities Rough Work

Account Payable
(1,300)

Account Payable
400

Salaries
(2,000)
Rent
(900)
Advertising Expense
(450)
Dividend
(500)

Note Payable
3,000
Utility Expense Account Payable
(300) 300
Rough Work