1*1 S 4H I *it»g the j>si> nmn|i equation foi tranMition Mwljr«M and preparing financial statement*
\ i k ' , i!s' t* ,ial ha imti law iJfiur. wbnb *hcopcralcs as a u4c
pupr '• p . • • ivnm •>! tHs* ttrw entity b \tiaiu lYufuin Attorney. lYiuvm
•..iv'in' .lining iIk occani/iiig phase of the nrw Intones* id .
i ii . p. i molt. IVsanbcr 2D16. Stwtn of the rwnts wtiv personal
.isd. ti jvm at’ U tlv Uss prxiue. Otltcn wav basinos trwuetiom and should be Avrantrd Uv bi rhs business
Dec 1 | So 1 prrsosa nvestment in Nike stock wtxb she had owned for wnwal yark '«cerv r,j 52 5 000 tash |
Deposited the $25 000 cash from the tale of the fake stock n her person.,I bank account | |
3 | Deposed SfeS 000 cash m a new business bank excojnt Vtled Anara f’eterson. Attorney The bustnew qaw* <-<tpla» to hftenor. |
5 | •'aid $40C cash tot *w cartndqes for the prnter |
7 | Purchased computer tor the law office agteemq to pay the account 56.800 witrsn thw months |
9 | Re, es«l $2,900 cash hom customers for services rendered |
15 | Recrned Dll him ?be Jawy& *o» rnaqa^e sotaerptron. $3CC (Ihe Miscekaneous Hpp’V* account **gt; |
23 | Freshed oert heat r
|
28 | Pad b# frren The Lawyer |
30 | Pad utiilies $B40 |
11 | Received $2 800 cash from clients btlwt on Dec 23 |
31 | Peterson sMthdien cash of $2 500 |
Requirements
- Analyze rbe effects of the preceding evenu on the
accounting equation ol Ariana iVicrson. Attorney Use .1 format similar to Exhibit l-S. - Prepare th»- follow mg financial statemcttCK
- tixorne staiciticiiL
- Statement of owner's equity.
- Balance .sheet.
Learn your wayIncludes step-by-step video
Chapter 1 Solutions
EBK HORNGREN'S ACCOUNTING
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