JACQUELINE HOWELL

AC 1011244

A01 – INTRODUCTION TO ACCOUNTS

ASSIGNMENT 04

JULY 23rd, 2017

PART A

BRIAN'S ACCOUNTING SERVICE

OWNER'S
ASSETS = LIABILITIES + EQUITY

OFFICE ACCOUNTS BRIAN'S

CASH + FURNITURE = PAYABLE + CAPITAL
a. 10,000.00 = 10,000.00
bal. 10,000.00 = 10,000.00
b. -600.00 + 600.00 =
bal. 9,400.00 + 600.00 = 10,000.00
c. 300.00 = 300.00
bal. 9,400.00 + 900.00 = 300.00 + 10,000.00
d. -200.00 = -200.00
End
Bal. 9,200.00 + 900.00 = 100.00 + 10,000.00
10,100.00 = 10,100.00
 PART B

BENSON COMPANY
TRIAL BALANCE
JUNE 30 20XX

    Dr. Cr.  
  CASH 1,370.00    
  ACCOUNTS RECEIVABLE 1,600.00    
  OFFICE EQUIPMENT 900.00    
  ACCOUNTS PAYABLE   770.00  
  BENSON, CAPITAL   1,500.00  
  BENSON, WITHDRAWALS 500.00    
  SERVICE FEES   2,730.00  
  SALARIES EXPENSE 630.00    
  TOTALS 5,000.00 5,000.00  
         

PART C

  CASH 111   ACCOUNTS RECEIVABLE 112

(a) 6,500 900 (b) c) 1,000 500 (e)
(e) 500 300 (f)  
   
7,000 1200 1,000 500
5,800   500  
   
 OFFICE EQUIPMENT 112 ACCOUNTS PAYABLE 211
(b) 900   80 (d)
   
   
900 0 0 80
900     80
   

TYLER'S, CAPITAL 311 TYLER'S, WITHDRAWALS 312

6500 (a) (f) 300  
   
   
0 6500 300 0
  6500 300
   

BIKE FEES 411 TELEPHONE EXPENSE 512

1000 c) (d) 80  
   
   
0 1000 80 0
  1000 80