2.

3A
Assets Liabilities Owner's Equity
cash land building office equip. accts pay notes pay capital stock
Bal. 37,000 95,000 125,000 51,250 28,250 80,000 200,000
1 35,000 35,000
2 -22,500 35,000 55,000 67,500
3 9,500 9,500
4 20,000 20,000
5 -28,250 -28250
41,250 130,000 180,000 60,750 9,500 167,500 235,000

Goldstar Communications
Balance Sheet
31-Dec-12
Assets Liabilities
Cash 41,250 Accounts payable 9,500
Land 130,000 Notes Payable 167,500
Building 180,000 Owner's Equity
Office Equip. 60,750 Capital stock 235,000

Total liabilities &

Total assets $ 412,000 Owner's equity $412,000

2,4A
Assets Liabilities Owner's Equity
Account Office Accounts
Cash Receivables Trucks Equipment Notes Payable Payable Capital Stock
Bal. 9,500 13,900 68,000 3,800 20,000 10,200 65,000
1 (2,700) 2,700
2 4,000 (4,000)
3 (3,200) (3,200)
4 10,000 10,000
5 -15,000 30,500 15,500
6 75,000 75,000
77,600 9,900 98,500 6,500 45,500 7,000 140,000

Rankin Truck Rental

Balance Sheet
31-Dec-20
Assets Liabilities
Cash 77,600 Notes Payable 45,500
Account Receivables 9,900 Accounts Payable 7,000
Trucks 98,500 Owner's Equity
Office Equipment 6,500 Capital Stock 140,000

Total $ 192,500 Total $192,500