4. Using the following business transactions, compute for the proprietor's capital. • The proprietor invested 5,000,000 cash in the business. The proprietor invest a typewriter valued at 250,000. • The proprietor took 200,000 out of the business as a permanent reduction in investment. The proprietor purchased supplies for the business, paying for the supplies with 75,000 in cash from the business. • The proprietor purchased an adding machine for 50,000, paying with cash from the business.

4. Using the following business transactions, compute for the proprietor's capital. • The proprietor invested 5,000,000 cash in the business. The proprietor invest a typewriter valued at 250,000. • The proprietor took 200,000 out of the business as a permanent reduction in investment. The proprietor purchased supplies for the business, paying for the supplies with 75,000 in cash from the business. • The proprietor purchased an adding machine for 50,000, paying with cash from the business.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter2: Basic Accounting Systems: Cash Basis

Section: Chapter Questions

Problem 5SEQ: Which of the following transactions changes only the mix of assets and does not affect liabilities...

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