Basic Accounting equation

A 1 5F
=
+

Assets Liabilities Owneris

=
+

equity
Owners capital -
Owner's drawings
+Revenues -

Expenses
Assets =
Liability Owner's capital diawing
-

Transaction No. Accounts

payable
1) Cash Furniture
-
$10000 +
$15,000

11) $28,885
+
-

$25,588

11) +
$5,000 + $5000

(v) -$5800 + $5088

v)
:
:

--
↑

·
*

8= 88 -

1
=

80
f

EE 800

= =
-e
E
#
#
: :
g
# t
↑
· o
#
%
Thamaction

Tabulai analysis / Tiqqction Analysis

Owner's equity will be the
paint same

Need to white the full name of expenses

C. Name

Income statement
For the month ended September 30, 2010

Particulary Amount Amount

$ $
Revenues
Service Revenue 4788

Expenses
Salaxies Expense 985
Rent Expense 685
Ads. Expense 258
utilities Expense 285

Total Expenses 1988

Net Income $2758
I =

E
·
& 80
8
:
& *

:
at
#

-zozore
:
o
of
of

-
-o ·
#
#

.:
#

·
·
n
- #

=
&
:
&
·
#
↑
· o
v #
·=
*

↑ ⑤
#
P1-1 A comprehensive
DO IT
P1 -2A
①
 P1-1A(9)

--------
 (b)
Nancy Botine

Income statement
For the month ended in June 1, 201

Amount Amount
Particulars I $

Revenues
Repait Service 100
Repain service 758

Net Revenue 5858

Expenses
office Rent 485
Advertising cost 250
pait-time employee salary 2888
utility bills 148

Total expenses 2798

NETINCOME 3068
P2-2A (a)

:
(b)
Mania Gonzalez
Income statement
Forthe month ended in September 1, 2010

-
Amount
Particulars
$ Amount
Revenues
service revenue 8888
Net revenue

Expensesit expense
Salaries expense 1788
Advertising expense 185
utilities expense 175

Total expenses 3878

NET INCOME 4930

 Mania Gonzalez
Balance sheet
September 30

↓
payment Amount
$ $

Assets
cast 15, 200
Accounts Receivable 5988
688
supplies
Equipments 8108
29888
Total Assets

Liabilities and owners Equity

Liabilities
Notes payable 10,008
Accounts payable 2178
12178
Total Liabilities
Owner's Equity
M. Gonzalez capital 17638

Total Liabilites and

Owner's Equity 29888