Question: Create a balance sheet using the table provided Transaction 1 Receive Cash for service $5000 2 Accounts receivable $1500 3 Office equipment purchase $6500 4
Create a balance sheet using the table provided
Transaction 1 Receive Cash for service $5000
2 Accounts receivable $1500
3 Office equipment purchase $6500
4 Supplies on Accounts Payable $2000
5 Owner Capitol (input) $7000
6 Owner withdrawal $ 100
7 Paid for Services provided $3000
8 Office Salary paid $ 500
9 Utilities Paid $ 350
10 Office rent paid $ 500
| Transaction | Assets | = | Liabilities | + | Equity | ||||
| No. | Cash | + | Accounts Receivable | + | Equipment | = | Accounts Payable | + | Owners Capital |
| 1. |
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| 2 |
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| 4 |
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| 6 |
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| Total |
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| Balance Sheet | ||
| Assets | ||
| Cash |
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| Accounts Receivable |
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| Equipment |
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| Total Assets |
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| Liabilities and Owners Equity | ||
| Accounts Payable |
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| Owners Capital |
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| Total Liability and Owners Equity |
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