Question: Create a balance sheet using the table format provided *This is all we are given we must complete with what we have Transaction 1 Receive

Create a balance sheet using the table format provided *This is all we are given we must complete with what we have

Transaction 1 Receive Cash for service $2500

2 Accounts receivable $500

3 Equipment Purchase $700

4 Equip. on Accounts Payable $ 300

5 Owner capitol input $1500

6 Owner withdrawal $ 400

7 Payment for services $4000

8 Equipment Repair paid $ 50

9 Advertisement expense $ 150

10 Travel expense $ 250

11 Supplies expense $ 200

12 Rent expense $ 300

Transaction

Assets

=

Liabilities

+

Equity

No.

Cash

+

Accounts Receivable

+

Equipment

=

Accounts Payable

+

Owners Capital

1.

+

+

=

+

2

+

+

=

+

3

+

+

=

+

4

+

+

=

+

5

+

+

=

+

6

+

+

=

+

7

+

+

=

+

8

+

+

=

+

9

+

+

=

+

10

+

+

=

+

11

+

+

=

+

12

+

+

=

+

Total

+

+

=

+

Balance Sheet

Assets

Cash

Accounts Receivable

Equipment

Total Assets

Liabilities and Owners Equity

Accounts Payable

Owners Capital

Total Liability and Owners Equity

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