20 sept 2022

Question of:
The Accounting Equation
1-10

Pengantar Akuntansi 1
 Question 1

1/may. Purchased computers for $15,000 from Bytes of Data on account

The accounting equation: increase in assets and increase in liabilities

Assets = Liabilities Owner’s Equity
Cash + Acc Receivable + Supplies +Equipment

+$15,000 +$15,000

Journal:
Equipment (D) $15000
liabilities (K) $15000
 Question 2

2/may. Paid $3,000 cash for may rent on storage space

The accounting equation: decrease in assets and decrease in equity

Assets = Liabilities Owner’s Equity
Cash + Acc Receivable + Supplies +Equipment
-$3,000 -$3,000

Journal:
Rent expence (D) $3,000
Cash (K) $3,000
 Question 3

3/may. Received $12,000 cash from customers for contracts billed in april

The accounting equation: increase in assets and decrease in assets

Assets = Liabilities Owner’s Equity
Cash + Acc Receivable + Supplies +Equipment
+$12,000 -$12,000

Journal:
Cash (D) $12,000
Account receveible (K) $12,000
 Question 4

4/may. Performed payroll service for magic construction company for $2,500 cash.

The accounting equation: increase in assets and increase in equity

Assets = Liabilities Owner’s Equity
Cash + Acc Receivable + Supplies +Equipment
+$2,500 +$2,500

Journal:
Cash (D) $2,500
Revenue (K) $2,500
 Question 5

5/may. Paid northern Ohio Power Co. $7,000 cash for energy usage in May

The accounting equation: decrease in assets and decrease in equity

Assets = Liabilities Owner’s Equity
Cash + Acc Receivable + Supplies +Equipment
-$7,000 -$7,000

Journal:
Energy expence (D) $7,000
Cash (K) $7,000
 Question 6

6/may. Alma invested an additional $25,000 in the business

The accounting equation: increase in assets and increase in equity

Assets = Liabilities Owner’s Equity
Cash + Acc Receivable + Supplies +Equipment
+$25,000 +$25,000

Journal:
Cash (D) $25,000
Equity (K) $25,000
 Question 7

6/may. Paid bytes of Data for the computers purchased in 1 may ($15,000)

The accounting equation: decrease in assets and decrease in equity

Assets = Liabilities Owner’s Equity
Cash + Acc Receivable + Supplies +Equipment
-$15,000 -$15,000

Journal:
Liabilities (D) $15,000
Cash (K) $15,000
 Question 8

8/may. Incurred advertising expence for May of $900 on account

The accounting equation: increase in liabilities and decrease in equity

Assets = Liabilities Owner’s Equity
Cash + Acc Receivable + Supplies +Equipment
+$900 -$900

Journal:
Advertising expence (D) $900
liabilities (K) 900
 Question 9

9/may. Alma withdrew $1,000 cash for personal use

The accounting equation: decrease in assets and decrease in equity

Assets = Liabilities Owner’s Equity
Cash + Acc Receivable + Supplies +Equipment
-$1,000 -$1,000

Journal:
Prive (D) $1,000
Cash (K) $1,000
 Question 10

10/may. Borrowed $7,000 cash from a bank on a note payable

The accounting equation: increase in assets and increase liabilities

Assets = Liabilities Owner’s Equity
Cash + Acc Receivable + Supplies +Equipment
+$7,00 +$7,00

Journal:
Cash (D) $700
Liabilities (K) $700
 Alma’s Payroll Company
The accounting equation
May 2017

Assets = Liabilities Owner’s Equity Explanation

Cash + Acc Receivable + Equipment
1. +$15,000 +$15,000
2. -$ 3,000 -$ 3,000 Rent expence
-$ 3,000 +$15,000 +$15,000 -$ 3,000
3.+$12,000 -$12,000
$ 9,000 -$12,000 +$15,000 +$15,000 -$ 3,000
4. $ 2,500 +$ 2,500 Revenue
$11,500 -$12,000 +$15,000 +$15,000 -$ 500
$14,500 $14,500
 Thanks!
Does anyone have any questions?