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  • ACCTG

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    Kyla Marie Bayan
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    Sarabia deposited $165,000 into their bank account and purchased catering equipment and a service vehicle. They rendered catering services, earning $24,200 for the first half of the month and $25,200 for the second half. Various expenses were paid, including rent, supplies, insurance, utilities, salaries, and withdrawals. By the end of the month, Sarabia had $144,660 cash in the bank and total assets of $402,100 including accounts receivable, supplies, vehicles, equipment, and prepaid insurance.

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    Sarabia deposited $165,000 into their bank account and purchased catering equipment and a service vehicle. They rendered catering services, earning $24,200 for the first half of the month and $25,200 for the second half. Various expenses were paid, including rent, supplies, insurance, utilities, salaries, and withdrawals. By the end of the month, Sarabia had $144,660 cash in the bank and total assets of $402,100 including accounts receivable, supplies, vehicles, equipment, and prepaid insurance.

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    Download as XLSX, PDF, TXT or read online from Scribd
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    8 views4 pages

    ACCTG

    Uploaded by

    Kyla Marie Bayan
    Sarabia deposited $165,000 into their bank account and purchased catering equipment and a service vehicle. They rendered catering services, earning $24,200 for the first half of the month and $25,200 for the second half. Various expenses were paid, including rent, supplies, insurance, utilities, salaries, and withdrawals. By the end of the month, Sarabia had $144,660 cash in the bank and total assets of $402,100 including accounts receivable, supplies, vehicles, equipment, and prepaid insurance.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 4

    DATE ASSETS

    Transaction
    MARC 1 2013 CASH +
    A Sarabia deposited in a bank account 165,000
    B Bought a service vehicle -25,000
    C Bought catering equipment
    D Paid rent -6,200
    E Rendered catering servive for the half of month 24,200
    F Bought supplies -1800
    G Bought insurance for service vichles -4000
    H Received and paid the utillities -6,040
    I Received bill from gas and oil
    J Rendered catering servive
    K Catering service remainder of the month 25,200
    L Paid salaries of the part time assistants -11,200
    M Sarabia withdrew cash -15,500
    BALANCES 144,660

    TOTAL BALANCES
    ASSETS
    ACCOUNT RECEIVABLE + SUPPLIES + SERVICE VICHLECS + EQUIPMENT + PREPAID INSURANCE

    194,900
    28,500

    1,800
    4,000

    28,240

    28,240 1,800 194,900 28,500 4,000


    402,100
    402,100
    LIABILITIES EQUITY
    = ACCOUNT PAYABLE + SARABIA CAPITAL WITHDAWALS RENT EXPENSES
    165,000
    169,900
    28,500
    6,200

    6080

    -15,500
    204,480 165,000 -15,500 6,200
    353,980 29,520
    402,100
    EQUITY
    UTILITIES EXPENSE GAS AND OIL EXPENSE SALARIES EXPENSE CATERING REVENUE

    24,200

    6,040
    6,080
    28,240
    25,200
    11,200

    6,040 6,080 11,200 77,640


    48,120 77,640
    402,100

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