P1-8 (1 &2) ANALYSIS OF TRANSACTION IN ACCOUNTING EQUATION

ASSET = LIABILITIES + OWNER’S EQUITY

DATE CASH ACCOUNTS EQUIPME ACCOUN CAPITAL WITHDRA REVENUE EXPENSE
RECEIVABLE NT T WAL
PAYABLE
June 120,000 120,000
1
2 (4,500) (4,500)
4 2,400 2,400
6 (1,125) (1,125)
8 750 750
14 6,300 6,300
16 (900) (900)
20 6,300 (6,300)
21 3,500 3,500
24 825 825
25 3,500 3,500
26 (2,400) (2,400)
28 (900) (900)
29 (2,000) (2,000)
30 (120) (120)
30 (525) (525)
PROBLEM 1-9
ASSETS = LIABILITIES + EQUITY
DAT CASH ACCOUN OFFICE OFFICE BUILDING ACCOUNT NOTES T.MOORE T.MOORE REVENUE ESPENSES
E TS SUPPLIES EQUIPME PAYABLE PAYABLE CAPITAL WITH
RECEIVE NT DRAWAL
ABLE
a 95,000 20,000 115,000
b. (20,000) 120,000 100,000
bal 75,000 20,000 120,000 100,000 115,000
c. (20,000) 20,000
bal 55,000 40,000 120,000 100,000 115,000
d. 1,400 3,000 4,400
bal 55,000 1,400 43,000 120,000 4,400 100,000 115,000
e. (400) (400)
bal 54,600 1,400 43,000 120,000 4,400 100,000 115,000 (400)
f. 1,800 1,800
bal 54,600 1,800 1,400 43,000 120,000 4,400 100,000 115,000 1,800 (400)
g. 2,000 2,000
bal 56,600 1,800 1,400 43,000 120,000 4,400 100,000 115,000 3,800 400
 ASSETS = LIABILITIES + EQUITY
DAT CASH ACCOU OFFICE OFFICE BUILDI ACCOUNT NOTES T.MOOR T.MOOR REVENU ESPENSE
E NTS SUPPLIE EQUIPM NG PAYABLE PAYABL E E E S
RECEIV S ENT E CAPITAL WITH
EABLE DRAWA
L
h. (5,000) (5,000)
bal 51,600 1,800 1,400 43,000 120,000 4,400 100,000 115,000 (5,000) 3,800 (400)
i. 1,800 (1,800)
bal 53,400 0 1,400 43,000 120,000 4,400 100,000 115,000 (5,000) 3,800 (400)
j. (2,000) (2,000)
bal 51,400 0 1,400 43,000 120,000 2,400 100,000 115,000 (5,000) 3,800 (400)
k (2,000) (2,000)
bal 49,400 0 1,400 43,000 120,000 2,400 100,000 115,000 (5,000) 3,800 (2,400)