(45-60 min.) P 2-65B Req. 1 Analysis of Transactions ASSETS = LIABILITIES + STOCKHOLDERS’ EQUITY Accounts Accounts Common Retained Type of Stockholders’ Cash + Receivable + Supplies + Land = Payable + Stock + Earnings Equity Transaction Bal. 1,050 1,350 11,700 7,900 3,600 2,600 a) 8,900 8,900 Issued b) 6,300 6,300 Service revenue c) (4,100) (4,100) d) 700 700 e) 200 (200) f) 2,400 2,400 Service revenue g) (1,300) (1,300) Rent expense (1,000) (1,000) Advertising expense i) (2,000) ___ (2,000) Dividends Bal. 8,050 3,550 700 11,700 4,500 12,500 7,000 $24,000 $24,000
(45-60 min.) P 2-65B Req. 1 Analysis of Transactions ASSETS = LIABILITIES + STOCKHOLDERS’ EQUITY Cash + Accounts Receivable + Supplies + Land = Accounts Payable + Common Stock + Retained Earnings Type of Stockholders’ Equity Transaction Bal. 1,050 1,350 11,700 7,900 3,600 2,600 a) 8,900 8,900 Issued b) 6,300 6,300 Service revenue c) (4,100) (4,100) d) 700 700 e) 200 (200) f) 2,400 2,400 Service revenue g) (1,300) (1,300) Rent expense (1,000) (1,000) Advertising expense i) (2,000) ___ (2,000) Dividends Bal. 8,050 3,550 700 11,700 4,500 12,500 7,000 $24,000 $24,000
Solution-Manual-for-Financial-Accounting-9E-9th-Edition.docx