Assets = Liabillities + Equity

Accounts Accounts
NO Cash + Supplies + Equipment = Share Capital +
Receivable + Payable +
1 $ 15.000 $ 15.000
2 -2,000 $ 5.000 $ 3.000
3 -750 $ 750
4 4,600 $ 4.500
5 -1,500 -1,500
6 -2,000
7 -650
8 450 -450
9 -3,900
10 500
 Equity
Retained Earnings
Rev - Exp - Div
Issued Shares

$ 9.100 Service Revenue

$ 2.000
$ 650 Rent Expense

-3,900 Sal./ Wages Expense

-500 Utility Expense
Desember 31 Total Assets Total Liabilities
2013 400,000 260,000
2014 480,000 300,000
2015 590,000 400,000
 Steven Craig Gorgia Enterpries
Beginning of year
Total assets 97.000 129.000
Total liabillities 85,000 (c)
Total equity (a) 75,000
End of year
Total assets 160,000 180,000
Total liabillities 120,000 50,000
Total equity 40,000 130,000
Changes during year in equity
Additional investment (b) 25,000
Dividends 24,000 (d)
Total revenues 215,000 100,000
Total expenses 175,000 55,000
 Sanculy Company
Statement of Financial Position
December 31, 2014
Assets Liabilities
Equipment 48,000 Share capital--ordinary 50,000
Supplies 8,000 Retained earnings 17,500
Cash 14,000 Accounts payable 20,000
Dividends 9,000 Accounts receivable -8,500
Total equity and
Total assets 79,000 liabilities 79,000
 Assets Liabillities
= + Equity
Accounts
Receivabl Supplies + Equipmen Accounts Retained Earnings
Date Cash + Share Capital +
e+ t= Payable + Rev - Exp -
y
tained Earnings
Div
 Assets Liabillities=+ Equity
Accounts
Receivabl Supplies + Equipmen Accounts Retained Earnings
Date Cash + Payable Share Capital +
e+ t= + Rev - Exp - Div
 John Company Paul Company George Company
January 1, 2014
Assets $78.000 $90.000 (g)
Liabilities 50,000 (d) $75.000
Equity (a) 50,000 54,000
December 31, 2014
Assets (b) 117,000 180,000
Liabilities 55,000 79,000 (h)
Equity 40,000 (e) 100,000
Equity changes in year
Additional investment (c) 8,000 10,000
Dividends 10,000 (f) 12,000
Total revenues 350,000 390,000 (i)
Total exspenss 335,000 400,000 360,000
Ringo Company

$150.000
(j)
100,000

(k)
80,000
145,000

15,000
10,000
500,000
(l)