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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