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  • Transaction & Equation Analysis Sheet

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    This document shows the transactions that occurred for a business over 12 periods that impacted its assets, liabilities, and owner's equity accounts. It begins with initial account balances and records 12 transactions, ending with updated total balances for assets, liabilities, and owner's equity that verify the fundamental accounting equation of Assets = Liabilities + Owner's Equity.

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    This document shows the transactions that occurred for a business over 12 periods that impacted its assets, liabilities, and owner's equity accounts. It begins with initial account balances and records 12 transactions, ending with updated total balances for assets, liabilities, and owner's equity that verify the fundamental accounting equation of Assets = Liabilities + Owner's Equity.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    5 views2 pages

    Transaction & Equation Analysis Sheet

    Uploaded by

    bogdant
    This document shows the transactions that occurred for a business over 12 periods that impacted its assets, liabilities, and owner's equity accounts. It begins with initial account balances and records 12 transactions, ending with updated total balances for assets, liabilities, and owner's equity that verify the fundamental accounting equation of Assets = Liabilities + Owner's Equity.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    ASSETS LIABILITIES OWNER’S

    YOUR EQUITY
    BUSINESS Total Total Your Name, Total
    NAME Cash A/R N.Chang A/R P. Oneill Equipment Truck Land Building Assets Bank Loan Morgage Pay Liabilities Capital Equity
    Beginning 6 540 1 100 529 8 316 19 750 140 000 180 000 356 235 15 000 192 700 207 700 0
    Transaction 1 -2 500 353 735 207 700 2 500 2 500
    Transaction 2 - 529 353 206 207 700 529 3 029
    Transaction 3 - 390 390 353 206 207 700 3 029
    Transaction 4 353 206 207 700 3 029
    Transaction 5 4 000 -4 000 353 206 207 700 3 029
    Transaction 6 - 900 352 306 900 208 600 3 029
    Transaction 7 352 306 208 600 3 029
    Transaction 8 -40 000 312 306 208 600 3 029
    Transaction 9 312 306 208 600 3 029
    Transaction 10 312 306 208 600 3 029
    Transaction 11 312 306 208 600 3 029
    Transaction 12 312 306 208 600 3 029
    Ending 6 750 961 529 8 316 -24 250 180 000 172 306 15 000 193 600 0 208 600 3 029 3 029
    Fundamental Accounting Equation Verification
    Assets = Liabilities + Equity
    = +
    =
    Zero
    Proof
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