$21\mathrm{.}11\mathrm{.}2023$

mid$-$termexamFall$20232$nd

Student: $q,$

Date: $q,$

Instructor: Dilber Caglar

Assignment: mid$-$termexamFall$20232$nd

CASE $1$: John Davidson started her practice as a registered interior designer on February $3$ of the current year. During the first month of operations, the business completed the following transactions:

$-$Feb $3$ Davidson contributed $$83000$ cash and office fumiture with a fair market value of $$5000$ from her personal bank account to a business account titled John Davidson, Dietician.

$-$Feb $7$ Purchased supplies on account; $$740$

$-$Feb $11$ Performed services for a hospital $$2100$; received $$800$ immediately in cash and submitted a bill for the rest of the amount, $$1300$

Feb $15$ Paid secretary$\text{'}$s salary, $$900$

$-$Feb $20$ Received partial collection from client on account $$600($issued on Feb $11)$

$-$Feb $22$ Davidson purchased a computer for himself at a cost of $$2,000,$ paid cash from personal funds.

Feb$23$ The Business received $$1000$ for interior services to be performed next month

$-$Feb $25$ Borrowed $$13000$ from the bank for business use

Refer to case $1$ After all of the transactions, How much is the Debit or Credit balance in the trial balance?

$($write your result in to the answer box below$)$

Answer. $$

Refer to case $1$ After all of the transactions, how much is the Total Assets?

$($write your result in to the answer box below$)$

Answer $=3)$ Refer to case $1$After all of the transactions, How much is the APP balance in the trial balance?

$($write your result in to the answer box below$)$

Answer: $4)$ Refer to case $1$ After all of the transactions, How much is the cash balance at the end of the period? $($write your result in to the answer box below$)$

Answer: $5)$ Refer to case $1$ After all of the transactions, How much is the Revenue balance?

$($write your result in to the answer box below$)$

Answer: $$

Refer to case $1$After all of the transactions, How much is the Net Income?

$($write your result in to the answer box below$)$

Answer: $$

Refer to case $1$ After all of the transactions, How much is the Total Liabilities? $($wnite your result in to the answer box below$)$

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