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CASH + ACCTS REC + SUPPUES+ EQUIPMT ACCTS PAY + NOTES PAY + WALL CAP Remarks for OE A=L+OE? 1. Owner Investment TRUE Totals TRUE %3D 2. TRUE Totals %3D TRUE 3. TRUE Totals TRUE 4. Rent Expense TRUE Totals TRUE |Consulting Revenue 5. TRUE Totals TRUE 6. |Owner Withdrawal TRUE Totals TRUE 7. Utilities Expense TRUE Totals TRUE 8. TRUE Totals %3D TRUE TRANSACTIONS: 1. Wall began the business with an investment of $40,000 cash. 2. Wall purchased supplies on account for $2,500 3. Wall purchased equipment in the amount of $14,000 signing a note payable for the entire amount. 4. Wall paid rent expense, in cash, of $1,700. Note: be sure to use minus signs for decreases! 5. Wall provided consulting services to a customer for $5,000 on account. 6. Wall withdrew cash in the amount of $1,600 for personal use. 7. Wall paid utilities expense in the amount of $600 in cash. Note: be sure to use minus signs for decreases! Note: be sure to use minus signs for decreases! 8. Wall received cash on account from customers in the amount of $3,000

CASH + ACCTS REC + SUPPUES+ EQUIPMT ACCTS PAY + NOTES PAY + WALL CAP Remarks for OE A=L+OE? 1. Owner Investment TRUE Totals TRUE %3D 2. TRUE Totals %3D TRUE 3. TRUE Totals TRUE 4. Rent Expense TRUE Totals TRUE |Consulting Revenue 5. TRUE Totals TRUE 6. |Owner Withdrawal TRUE Totals TRUE 7. Utilities Expense TRUE Totals TRUE 8. TRUE Totals %3D TRUE TRANSACTIONS: 1. Wall began the business with an investment of $40,000 cash. 2. Wall purchased supplies on account for $2,500 3. Wall purchased equipment in the amount of $14,000 signing a note payable for the entire amount. 4. Wall paid rent expense, in cash, of $1,700. Note: be sure to use minus signs for decreases! 5. Wall provided consulting services to a customer for $5,000 on account. 6. Wall withdrew cash in the amount of $1,600 for personal use. 7. Wall paid utilities expense in the amount of $600 in cash. Note: be sure to use minus signs for decreases! Note: be sure to use minus signs for decreases! 8. Wall received cash on account from customers in the amount of $3,000

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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AutoSave 108-WALL TABLE Excel Problem OFF Home Insert Draw Page Layout Formulas Data Review View Tell me Share O Comments Σ 2 Wrap Text v O v A v Conditional Format .00 Cell Delete Format Sort & Filter Find & Select Paste I U Merge & Center ♥ Insert Ideas Formatting as Table Styles J18 V fx =J15+J17 F G A В C E H J K L M Q R S 1 CASH + AСCTS REC + SUPPLIES+ EQUIPMT ACCTS PAY + NOTES PAY + WALL CAP Remarks for OE A=L+OE? Insert the appropriate numbers in the 2 1. Owner Investment TRUE GREEN cells. 3 Totals TRUE 4 The A=L+OE indicators should all be TRUE. 5 2. TRUE 6 Totals TRUE The financial statements below are AUTOMATICALLY 7 GENERATED. 8 3. TRUE 9 Totals TRUE When done, save your file and submit through Canvas. 10 Look for the link: Submit Wall Table Problem. 11 4. Rent Expense TRUE 12 Totals TRUE 13 14 5. Consulting Revenue TRUE 15 Totals TRUE 16 17 6. Owner Withdrawal TRUE 18 Totals TRUE 19 20 7. Utilities Expense TRUE 21 Totals TRUE 22 23 8. TRUE 24 Totals TRUE %3D 25 26 TRANSACTION$: 1. Wall began the business with an investment of $40,000 cash. 2. Wall purchased supplies on account for $2,500 3. Wall purchased equipment in the amount of $14,000 signing a note payable for the entire amount. 4. Wall paid rent expense, in cash, of $1,700. 5. Wall provided consulting services to a customer for $5,000 on account. 6. Wall withdrew cash in the amount of $1,600 for personal use. 7. Wall paid utilities expense in the amount of $600 in cash. 8. Wall received cash on account from customers in the amount of $3,000 27 28 29 30 Note: be sure to use minus signs for decreases! 31 32 Note: be sure to use minus signs for decreases! 33 Note: be sure to use minus signs for decreases! 34 35 36 IS CONSULTING REVENUE OE BEGINNING CAPITAL Problem Sheet1 Ready 120%
Transcribed Image Text:AutoSave 108-WALL TABLE Excel Problem OFF Home Insert Draw Page Layout Formulas Data Review View Tell me Share O Comments Σ 2 Wrap Text v O v A v Conditional Format .00 Cell Delete Format Sort & Filter Find & Select Paste I U Merge & Center ♥ Insert Ideas Formatting as Table Styles J18 V fx =J15+J17 F G A В C E H J K L M Q R S 1 CASH + AСCTS REC + SUPPLIES+ EQUIPMT ACCTS PAY + NOTES PAY + WALL CAP Remarks for OE A=L+OE? Insert the appropriate numbers in the 2 1. Owner Investment TRUE GREEN cells. 3 Totals TRUE 4 The A=L+OE indicators should all be TRUE. 5 2. TRUE 6 Totals TRUE The financial statements below are AUTOMATICALLY 7 GENERATED. 8 3. TRUE 9 Totals TRUE When done, save your file and submit through Canvas. 10 Look for the link: Submit Wall Table Problem. 11 4. Rent Expense TRUE 12 Totals TRUE 13 14 5. Consulting Revenue TRUE 15 Totals TRUE 16 17 6. Owner Withdrawal TRUE 18 Totals TRUE 19 20 7. Utilities Expense TRUE 21 Totals TRUE 22 23 8. TRUE 24 Totals TRUE %3D 25 26 TRANSACTION$: 1. Wall began the business with an investment of $40,000 cash. 2. Wall purchased supplies on account for $2,500 3. Wall purchased equipment in the amount of $14,000 signing a note payable for the entire amount. 4. Wall paid rent expense, in cash, of $1,700. 5. Wall provided consulting services to a customer for $5,000 on account. 6. Wall withdrew cash in the amount of $1,600 for personal use. 7. Wall paid utilities expense in the amount of $600 in cash. 8. Wall received cash on account from customers in the amount of $3,000 27 28 29 30 Note: be sure to use minus signs for decreases! 31 32 Note: be sure to use minus signs for decreases! 33 Note: be sure to use minus signs for decreases! 34 35 36 IS CONSULTING REVENUE OE BEGINNING CAPITAL Problem Sheet1 Ready 120%
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