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Table 1

Freelance writing revenue: $6500

Salary expense: $1450

Rent expense: $1400.

Total operating expenses: $2850

Profit: $3650

Table 2:

Mailin moon capital March 1: $13650

Investment by the owner: $5500

Profit: $3650

Capital March 31: $17300

Table 3:

Assets:

Cash: $6650

Accounts receivable: Not specified

Supplies: Not specified

Equipment: $2500

Liabilities:

Accounts payable: $600

Equity:

Capital: $17300

Total liabilities and equity: $17900


Analysis component:

Assets:

Cash: $6,650

Equipment: $2,500

Liabilities:

Supplies Payable: $600

Owner's Equity:

Capital: $17,300

a. Liabilities: The only liability mentioned is "Supplies Payable" with an amount of $600.
This liability is used to finance the purchase of supplies.

b. Owner Investment: The owner, Mailin Moon, made two investments:

Equipment Investment: $2,500

Cash Investment: $3,000

Both investments were made by the owner and contributed to the financing of the
assets.

c. Profit/Owners' Equity: The net income for the period was $3,650, which increases the
owner's equity or capital.

Therefore, the financing breakdown for the assets is as follows:

a. Liabilities: Supplies Payable: $600

b. Owner Investment: Equipment Investment: $2,500 Cash Investment: $3,000

c. Profit/Owners' Equity: Net Income: $3,650

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