(10-20 min.) E 2-27B Req. 1 Analysis of Transactions ASSETS = LIABILITIES + STOCKHOLDERS’ EQUITY Accounts Medical Accounts Note Common Retained Type of Stockholders’ Date Cash + Receivable + Supplies + Land = Payable + Payable + Stock + Earnings Equity Transaction July 6 41,000 41,000 Issued stock 9 (27,000) 27,000 12 2,100 2,100 15 Not a transaction of the business. 15-31 4,050 4,050 8,100 Service revenue 15-31 (1,500) (1,500) Salary expense (1,100) (1,100) Rent expense (1,200) (1,200) Utilities expense 31 800 (800) 31 19,000 19,000 31 (1,500) (1,500) Bal. 32,550 4,050 1,300 27,000 600 19,000 41,000 4,300 64,900 64,900
(10-20 min.) E 2-27B Req. 1 Analysis of Transactions ASSETS = LIABILITIES + STOCKHOLDERS’ EQUITY Date Cash + Accounts Receivable + Medical Supplies + Land = Accounts Payable + Note Payable + Common Stock + Retained Earnings Type of Stockholders’ Equity Transaction July 6 41,000 41,000 Issued stock 9 (27,000) 27,000 12 2,100 2,100 15 Not a transaction of the business. 15-31 4,050 4,050 8,100 Service revenue 15-31 (1,500) (1,500) Salary expense (1,100) (1,100) Rent expense (1,200) (1,200) Utilities expense 31 800 (800) 31 19,000 19,000 31 (1,500) (1,500) Bal. 32,550 4,050 1,300 27,000 600 19,000 41,000 4,300 64,900 64,900
Solution-Manual-for-Financial-Accounting-9E-9th-Edition.docx