Assignment 1

1. Beginning of year :
Assets = Liabilities + stockholders’ equity
900,000 = 440,000 + stockholders’ equity
stockholders’ equity = 900,000 – 440,000 = 460,000
A.
Assets = Liabilities + stockholders’ equity
900,000 = 440,000 + 460,000
-100,000 + 80,000
800,000 = 520,000 + stockholders’ equity
stockholders’ equity =280,000
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B.
Assets = Liabilities + stockholders’ equity
900,000 = 440,000 + 460,000
- 100,000 + 200,000
Assets = 340,000 + 660,000 = 1,000,000
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C.
Assets = Liabilities + stockholders’ equity
900,000 = 440,000 + 460,000
+50,000 + 80,000
800,000 = Liabilities + 540,000
Liabilities = 260,000
 2.
Assets Liabilities Stockholders’ equity
Cash Account equipmen Account Note Common Revenue Expense
receivable t payable payable stock
A +10,000 +10,000
B -800 -800
C +3,000 +3,000
D +1,500 +1,500
E +700 +700
F +2,000 +2,000
G -900 -500
-300
-100
Tota 10,500 +2,000 +3,000 +3,000 +700 +10,000 +3,500 -1,700
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