LIABILITIES + ASSETS EQUITY Contributed Retained Earnings Capital + + Accounts + Equipment Cash Accounts + Common - Dividends + Service - Salaries Receivable Payable Stock Revenue Expense +31,000 +31,000 2 +3,800 +3,800 $31,000 Bal. $31,000 + $3,800 $3,800 +13,400 +13,400 + $13,400 + $31,000 Bal. $31,000 + $3,800 $13,400 $3,800 -190 +190 Bal. $31,190 + $3,610 + $13,400 $13,400 $31,000 $3,800 -410 +410 5 + $13,810 $13,400 + $31,000 + $3,800 Bal. $30,780 + $3,610 -8,000 -8,000 + $31,000 Bal. $22,780 + $3,610 + $13,810 + $3,800 $5,400 +790 +790 + $13,810 Bal. $23,570 + $3,610 $5,400 $31,000 $4,590 -1,500 -1,500 + $13,810 Bal. $22,070 + $3,610 $5,400 $31,000 $4,590 $1,500

LIABILITIES + ASSETS EQUITY Contributed Retained Earnings Capital + + Accounts + Equipment Cash Accounts + Common - Dividends + Service - Salaries Receivable Payable Stock Revenue Expense +31,000 +31,000 2 +3,800 +3,800 $31,000 Bal. $31,000 + $3,800 $3,800 +13,400 +13,400 + $13,400 + $31,000 Bal. $31,000 + $3,800 $13,400 $3,800 -190 +190 Bal. $31,190 + $3,610 + $13,400 $13,400 $31,000 $3,800 -410 +410 5 + $13,810 $13,400 + $31,000 + $3,800 Bal. $30,780 + $3,610 -8,000 -8,000 + $31,000 Bal. $22,780 + $3,610 + $13,810 + $3,800 $5,400 +790 +790 + $13,810 Bal. $23,570 + $3,610 $5,400 $31,000 $4,590 -1,500 -1,500 + $13,810 Bal. $22,070 + $3,610 $5,400 $31,000 $4,590 $1,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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