assets bunt increase in assets a shift in assets (S) and which transaction SG-' Preparing Financial Statements Indicate whether the following items would appear on the statement of owner's equity (OE), or balance sheet (BS). Tutoring Fees Earned Office Equipment Accounts Receivable Office Supplies Legal Fees Earned 8. 9. 1A-1. 1A-2. a. 1A-3. b. 1A-4. C. d. Set A e. Preparing Financial Statements Indicate next to each statement whether it refers to the income statement (IS), statement of owner's equity (OE), or balance sheet (BS). Withdrawals found on it List total of all assets Statement that is prepared last Statement listing net income f. 9. h. a. Exercises b. C. d. Advertising Expenses J. Earl, Capital (Beg.) Accounts Payable Complete the following table: Assets $17,500 a. b. C. ? $15,000 = Liabilities + Owner's Equity $11,500 $60,000 = ? $5,000 $12,000 CHAPTER 1 Accounting Concepts and Procedures come statement (IS), Record the following transactions in the basic accounting equation. Treat each one separately. a. Morgan invests $124,000 in company. b. Bought equipment for cash, $1,300. c. Bought equipment on account, $900. Assets = Liabilities + Owner's Equity From the following, prepare a balance sheet for Rabbitt Co, Cleaners at the end of September 201X: Cash, $67,000; Equipment, $7,000; Accounts Payable, S13,000; B. Rabbitt, Capital. Record the following transactions in the expanded accounting equation. Do not calculate a running balance. LO4 (5 min) LO4 (5 min) MyLabAccounting L01 (5 min) L01 (5 min) 25 LO2 (10 min) L03 (15 min)

Preparing Flaancal Statementa 25 b. c it. Coline Survilos Lequilinatami i. Ahoming formes. is. h. - Micoume Pryalte Preparing folmancial Statemeats 104,15=0 (4. Lat mest at all whets a. a. Stasmarar kaves net itecums: Erereises SetA MylabAccounting anc icquentsly