CHAPTER 1 Introduction to Accounting and Business Prob. 1–4A 1. Assets = Liabilities + Equity Stockholders’ + Accts. Stock – Dividends Exp. Misc. Rent + – Exp. – – Exp. – Payable Exp. + = Supplies Cash Sales Exp. Auto Comm. Capital – (a) + 18,000 + 18,000 (b) + 3,200 + 3,200 Bal. 18,000 3,200 3,200 18,000 (c) 1,800 1,800 – – Bal. 16,200 3,200 1,400 18,000 (d) + 36,750 + 36,750 Bal. 52,950 3,200 1,400 18,000 36,750 (e) 4,000 4,000 – – Bal. 48,950 3,200 1,400 18,000 36,750 4,000 – (f) 3,000 3,000 – – Bal. 45,950 3,200 1,400 18,000 3,000 36,750 4,000 – – (g) 3,700 2,500 1,200 – – – Bal. 42,250 3,200 1,400 18,000 3,000 36,750 4,000 2,500 1,200 – – – – (h) 3,750 3,750 – – Bal. 38,500 3,200 1,400 18,000 3,000 36,750 4,000 3,750 2,500 1,200 – – – – – (i) 1,650 1,650 – – Bal. 38,500 1,550 1,400 18,000 3,000 36,750 4,000 3,750 2,500 1,650 1,200 – – – – – – 1-22 © 2014 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
CHAPTER 1 Introduction to Accounting and Business Prob. 1–4A 1. Assets = Liabilities + Stockholders’ Equity Cash + Supplies = Accts. Payable + Capital Stock – Dividends + Sales Comm. – Rent Exp. – Exp. – Auto Exp. – Exp. – Misc. Exp. (a) + 18,000 + 18,000 (b) + 3,200 + 3,200 Bal. 18,000 3,200 3,200 18,000 (c) – 1,800 – 1,800 Bal. 16,200 3,200 1,400 18,000 (d) + 36,750 + 36,750 Bal. 52,950 3,200 1,400 18,000 36,750 (e) – 4,000 – 4,000 Bal. 48,950 3,200 1,400 18,000 36,750 – 4,000 (f) – 3,000 – 3,000 Bal. 45,950 3,200 1,400 18,000 – 3,000 36,750 – 4,000 (g) – 3,700 – 2,500 – 1,200 Bal. 42,250 3,200 1,400 18,000 – 3,000 36,750 – 4,000 – 2,500 – 1,200 (h) – 3,750 – 3,750 Bal. 38,500 3,200 1,400 18,000 – 3,000 36,750 – 4,000 – 3,750 – 2,500 – 1,200 (i) – 1,650 – 1,650 Bal. 38,500 1,550 1,400 18,000 – 3,000 36,750 – 4,000 – 3,750 – 2,500 – 1,650 – 1,200 1-22 © 2014 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.