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APPLICATION. Problem Solving. A. Exercise 1. Describe each transaction. DATE ASSETS LIABILITIES EQUITY Cash Supplies Equipment Balance 60,000.00 7,500.00 300,000.00 75,000.00 292,500.00 150,000.00 150,000.00 (20,000.00| 3 (112,500.00) 2 20,000.00 (112,500.00) 4 5,000.00 5,000.00 5 (15,000.00)| (53,000.00) (15,000.00) 6 (53,000.00) (8,000.00| {8,000.00) Balance 9,500.00 4,500.00 27,000.00 320,000.00 334,000.00 307,000.00 334,000.00

APPLICATION. Problem Solving. A. Exercise 1. Describe each transaction. DATE ASSETS LIABILITIES EQUITY Cash Supplies Equipment Balance 60,000.00 7,500.00 300,000.00 75,000.00 292,500.00 150,000.00 150,000.00 (20,000.00| 3 (112,500.00) 2 20,000.00 (112,500.00) 4 5,000.00 5,000.00 5 (15,000.00)| (53,000.00) (15,000.00) 6 (53,000.00) (8,000.00| {8,000.00) Balance 9,500.00 4,500.00 27,000.00 320,000.00 334,000.00 307,000.00 334,000.00

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter11: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 11.18E
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APPLICATION. Problem Solving. A. Exercise 1. Describe each transaction. DATE ASSETS LIABILITIES EQUITY Cash Supplies Equipment Balance 1 (20,000.00) 3 (112,500.00) 60,000.00 7,500.00 300,000.00 75,000.00 292,500.00 150,000.00 150,000.00 2 20,000.00 {112,500.00) 4 5,000.00 5,000.00 5 (15,000.00)| (53,000.00) (15,000.00) (53,000.00) 7 (8,000.00) (8,000.00) Balance 9,500.00 4,500.00 320,000.00 27,000.00 307,000.00 334,000.00 334,000.00
Transcribed Image Text:APPLICATION. Problem Solving. A. Exercise 1. Describe each transaction. DATE ASSETS LIABILITIES EQUITY Cash Supplies Equipment Balance 1 (20,000.00) 3 (112,500.00) 60,000.00 7,500.00 300,000.00 75,000.00 292,500.00 150,000.00 150,000.00 2 20,000.00 {112,500.00) 4 5,000.00 5,000.00 5 (15,000.00)| (53,000.00) (15,000.00) (53,000.00) 7 (8,000.00) (8,000.00) Balance 9,500.00 4,500.00 320,000.00 27,000.00 307,000.00 334,000.00 334,000.00
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