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  • Acc HWK

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    Jasmine Guliam
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    The document contains multiple examples of accounting transactions for different businesses. Each example tracks the changes in asset, liability and equity account balances resulting from the transactions. The summaries are: 1) Sheila's Interior Decorating tracked changes in cash, accounts receivable, office furniture and other asset balances over 7 transactions. 2) Triangle Real Estate's balance sheet showed total assets of $23,882 consisting of cash, accounts payable, supplies and office furniture. 3) Alliance Appliance Service's balance sheet listed assets including cash, accounts receivable, equipment, trucks and land, with total assets of $369,806 and liabilities including loans and owner's equity.

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    acc hwk

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    The document contains multiple examples of accounting transactions for different businesses. Each example tracks the changes in asset, liability and equity account balances resulting from the transactions. The summaries are: 1) Sheila's Interior Decorating tracked changes in cash, accounts receivable, office furniture and other asset balances over 7 transactions. 2) Triangle Real Estate's balance sheet showed total assets of $23,882 consisting of cash, accounts payable, supplies and office furniture. 3) Alliance Appliance Service's balance sheet listed assets including cash, accounts receivable, equipment, trucks and land, with total assets of $369,806 and liabilities including loans and owner's equity.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    12 views6 pages

    Acc HWK

    Uploaded by

    Jasmine Guliam
    The document contains multiple examples of accounting transactions for different businesses. Each example tracks the changes in asset, liability and equity account balances resulting from the transactions. The summaries are: 1) Sheila's Interior Decorating tracked changes in cash, accounts receivable, office furniture and other asset balances over 7 transactions. 2) Triangle Real Estate's balance sheet showed total assets of $23,882 consisting of cash, accounts payable, supplies and office furniture. 3) Alliance Appliance Service's balance sheet listed assets including cash, accounts receivable, equipment, trucks and land, with total assets of $369,806 and liabilities including loans and owner's equity.

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    © All Rights Reserved
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    of 6

    pg 70-71 ex 1

    Assets =

    Sheila's interior decorating cash a/r e.kerluck supplies office furniture


    Opening Balances 2050 150 600 1200
    Transaction 1 175
    New Balances 2050 150 775 1200
    Transaction 2 -450 450
    new balances 1600 150 775 1650
    Transaction 3 150 -150
    new balances 1750 0 775 1650
    Transaction 4 300
    new balances 2050 0 775 1650
    Transaction 5 -500
    new balances 1550 0 775 1650
    Transaction 6 -700
    new balances 850 0 775 1650
    Transaction 7 -200
    new balances 650 0 775 1650

    ex2
    Assets =
    Triangle Real estate cash a/r J.Singh A/p N.Swartz
    Opening Balances 1216 1500 800
    Transaction 1 500 -500
    New Balances 1716 1500 300
    Transaction 2 -300
    new balances 1416 1500 300
    Transaction 3
    new balances 1416 1500 300
    Transaction 4 4700
    new balances 6116 1500 300
    Transaction 5 -950
    new balances 5166 1500 300
    Transaction 6 -380
    new balances 4786 1500 300
    Transaction 7 -290
    new balances 4496 1500 300
    Trasaction 8 1500 -1500
    new balances 5996 0 300

    c. Triangle real estate


    Balance Sheet
    As of October, 1st, 20--
    Assets
    cash $5996
    a/p n. swartz 300
    supplies 4670
    office furniture 12916

    Total Assets $23882

    Assets =
    alliance appliance service cash a/r n. chang a/r p. o'neill equipment
    Opening Balances 6540 1100 529 8316
    Transaction 1 -2500
    Transaction 2 529 -529
    Trasaction 3 390
    trasactionn 4 4000
    trasaction 5 -900
    trasaction 6 -700
    transaction 7 -5000
    Final new balances 1969 1490 0 8316

    c. alliance appliance service


    Balance Sheet
    As of October, 21th, 20--
    Assets Liabilities
    cash $1969 bank loan
    a/p n. chang 1490 mortagage payable
    equipment 8316
    truck 40000 Owner's equity
    land 140000 W. Dalli Capital
    building 180000

    Total Assets р.369,806.00 Total Liabilities and Equity


    Liability+ owner's equity

    automobile a/p home suppa/p pine motors.kostluk


    0 1000 0 3000
    175
    0 1175 0 3000

    0 1175 0 3000

    0 1175 0 3000
    300
    0 1175 0 3300
    6500 6000
    6500 1175 6000 3300
    -700
    6500 475 6000 3300
    -200
    6500 475 6000 3100

    Liability+ owner's equity


    Supplies Office furniturea/p acme suppa/p office disc J.Morse
    4175 11969 1750 875 17035

    4175 11969 1750 875 17035


    -300
    4175 11969 1450 875 17035
    495 495
    4670 11969 1450 1370 17035
    4700
    4670 11969 1450 1370 21735
    950
    4670 12919 1450 1370 21735
    -380
    4670 12919 1450 1370 21355
    -290
    4670 12919 1450 1370 21065

    4670 12919 1450 1370 21065

    gle real estate


    ance Sheet
    ctober, 1st, 20--
    Liabilities
    A/P
    -acme supply $1450
    -office dicounts 1370
    $2820
    Owner's equity
    J.Morse Capital $21065

    Total Liabilities and Equity $23885

    Liability+ owner's equity


    truck land building bank loan mortgage payaw.dalli
    19750 140000 180000 15000 192700 148535
    -2500

    390
    -19750 -15750
    -900
    -700
    40000 35000
    40000 140000 180000 50000 191800 129975
    $50000
    ortagage payable 191800
    191800
    wner's equity
    Dalli Capital р.178,006.00

    tal Liabilities and Equity р.369,806.00

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