Prob.1-1B 1. Assets = Liabilities + Owner's Equity Amy Amy Rent Salaries Accts. Austin, Austin, Fees Supplies Auto Misc. Cash + Rec. + Supplies = Payable + Capital Drawing + Earned Expense Exp. Exp. – – – – – (a) + 50,000 + 50,000 (b) + 4,000 + 4,000 Bal. 50,000 4,000 4,000 50,000 (c) 2,300 2,300 – – Bal. 47,700 4,000 1,700 50,000 (d) + 13,800 + Bal. 61,500 4,000 1,700 50,000 (e) 5,000 5,000 – – Bal. 56,500 4,000 1,700 50,000 5,000 – (f) 1,450 1,150 30 – – – Bal. 55,050 4,000 1,700 50,000 5,000 1,150 30 – – – 0 (g) 2,500 2,500 – – Bal. 52,550 4,000 1,700 50,000 5,000 2,500 1,150 30 – – – – 0 (h) 1,300 1,300 – – Bal. 52,550 2,700 1,700 50,000 5,000 2,500 1,300 1,150 30 – – – – – 0 (i) + 12,500 + Bal. 52,550 12,500 2,700 1,700 50,000 5,000 2,500 1,300 1,150 30 – – – – – (j) 3,900 3,900 – – Bal. 48,650 12,500 2,700 1,700 50,000 3,900 5,000 2,500 1,300 300 – – – – – 2.
Prob.1-1B 1. Assets = Liabilities + Owner's Equity Cash + Accts. Rec. + Supplies = Payable + Amy Austin, Capital Amy Austin, Drawing + Fees Earned – Rent – Salaries – Supplies Expense – Auto Exp. – Misc. Exp. (a) + 50,000 + 50,000 (b) + 4,000 + 4,000 Bal. 50,000 4,000 4,000 50,000 (c) – 2,300 – 2,300 Bal. 47,700 4,000 1,700 50,000 (d) + 13,800 + Bal. 61,500 4,000 1,700 50,000 (e) – 5,000 – 5,000 Bal. 56,500 4,000 1,700 50,000 – 5,000 (f) – 1,450 – 1,150 – Bal. 55,050 4,000 1,700 50,000 – 5,000 – 1,150 – (g) – 2,500 – 2,500 Bal. 52,550 4,000 1,700 50,000 – 5,000 – 2,500 – 1,150 – (h) – 1,300 – 1,300 Bal. 52,550 2,700 1,700 50,000 – 5,000 – 2,500 – 1,300 – 1,150 – (i) + 12,500 + Bal. 52,550 12,500 2,700 1,700 50,000 – 5,000 – 2,500 – 1,300 – 1,150 – (j) – 3,900 – 3,900 Bal. 48,650 12,500 2,700 1,700 50,000 – 3,900 – 5,000 – 2,500 – 1,300 – 300 2. 0 0 0 30 30 30 30 30
Solution-Manual-for-Financial-Accounting-15th-Edition-by-Warren.docx