Single Entry

Double-entry bookkeeping

Assets = Liabilities + Equity

Assets - Liabilities = Equity Increase in equity -----> net income

Decrease in equity -----> net loss
Beginning vs Ending Balances

Shareholders' equity, beg Pxx 1,300,000

Add: Issue price of shares (fv of noncash assets)xx
Proceeds from reissance of treasury share xx
Carrying amount of converted bonds xx
Other comprehensive income xx
Profit (if profit) xx
Less: Cash and property dividends declared (xx)
Purchase of treasury shares (xx)
Other comprehensive loss (xx)
Loss (if loss) (xx)
Shareholders' equity, end Pxx 1,600,000
Assets Liabilities Equity
12,000,000 7,000,000 5,000,000
4200000 2800000 1400000
16,200,000 9,800,000 6,400,000
1,400,000
Withdrawals 300,000 Total reve 1,200,000
Less: Contribu -1,300,000 Expenses 800,000
Profit 400,000 Profit 400,000
Assets
8,900,000
Liabilities Equity
2,700,000 6,200,000
Less: Total Issue -6600000
Add: Dividends 1,300,000
Net Income 900,000
Assets Liabilities
-480,000 420,000
300,000 1,000,000
3,100,000 100,000
2,920,000 1,520,000
Additional Co
Withdrawals
Profit
Equity

1,400,000
-1,500,000
520000
420,000
End Cap 2,400,000
Beg Cap 1,700,000
Increase in Cap 700,000
Add: Withdrawal 100,000
Less: Implied con -1,060,000
Loss -260,000

Note Payable 1,000,000

Interest Payable 60000
Capital
1,060,000