Western Onta

Transactions Assets
Accounts
Cash Parts
Receivable
3,000.00 2,300.00 4,600.00
Apr 1. P Basssett Invested $9000 cash 9,000.00
New Balance 12,000.00 2,300.00 4,600.00

Apr 3 Purchased Television parts for $500 cash - 500.00 500.00

New Balance 11,500.00 2,300.00 5,100.00
Apr 4 C, Carter a customer paid $200 cash 200.00 - 200.00
New Balance 11,700.00 2,100.00 5,100.00
Apr 6 Received parts with a $900 bill from Toshiba 900.00
New Balance 11,700.00 2,100.00 6,000.00
April 9 Borrowed $5000 cash from Bank 5,000.00
New Balance 16,700.00 2,100.00 6,000.00
Apr 10 P Basssett took $1000 cash from the
business - 1,000.00
New Balance 15,700.00 2,100.00 6,000.00
Apr 12 Purchased a new truck for $30,000 in which
$12000 cash was pai for downpayment and the rest
to be paid later - 12,000.00
New Balance Apr 12 3,700.00 2,100.00 6,000.00
 Western Ontario TV Repairs
Assets = Liabilities + Owner's Capital
Accounts
Equipment Truck Total Assets = Bank Loan + P. Bassett, Capital
Payable
27,000.00 26,300.00 63,200.00 = 1,600.00 13,200.00 + 48,400.00
= + 9,000.00
27,000.00 26,300.00 72,200.00 = 1,600.00 13,200.00 + 57,400.00

= +
27,000.00 26,300.00 72,200.00 = 1,600.00 13,200.00 + 57,400.00
= +
27,000.00 26,300.00 72,200.00 = 1,600.00 13,200.00 + 57,400.00
= 900.00 +
27,000.00 26,300.00 73,100.00 = 2,500.00 13,200.00 + 57,400.00
= 5,000.00 +
27,000.00 26,300.00 78,100.00 = 2,500.00 18,200.00 + 57,400.00

= + - 1,000.00
27,000.00 26,300.00 77,100.00 = 2,500.00 18,200.00 + 56,400.00

30,000.00 = 18,000.00 +
27,000.00 56,300.00 95,100.00 20,500.00 18,200.00 56,400.00
Total Liabilities and Owners Equity
63,200.00

72,200.00

72,200.00

72,200.00

73,100.00

78,100.00

77,100.00

95,100.00
 Western Ontario TV Repairs
Balance Sheet
As of April 12, 20--

Assets Liabilities
Cash 3,700.00 Accounts Payable 20,500.00
Accounts Receivable 2,100.00 Bank Loan 18,200.00
Parts 6,000.00 Total Liabilities 38,700.00
Equipment 27,000.00
Truck 56,300.00 Owner's Equity
P. Bassset, Capital 56,400.00
Total Liabilities and
Total Assets 95,100.00 Owner's Equity 95,100.00