Required: Record the effects of transactions in an accounting equation worksheet. ASSETS = > Office Equip. Computer Equip. Accounts Payable K. Holden, Capital Cash + + = + > a. > Bal. > b. > Bal. > c. > Bal. > d. > Bal. > e. > Bal. > f. > Bal. > g. > Bal. > h. > Bal. > < + Client Fees Utilities Expense < + Rent Expense – – < a. < Bal. < b. < Bal. < c. < Bal. < d. < Bal. < e. < Bal. < f. < Bal. < g. < Bal. < h. < Bal. ASSETS = > Office Equip. Computer Equip. Accounts Payable K. Holden, Capital Cash + + = + > a. 12,000 12,000 > Bal. 12,000 12,000 > b. (7,500) 7,500 > Bal. 4,500 7,500 12,000 > c. 11,500 11,500 > Bal. 4,500 7,500 11,500 11,500 12,000 > d. (1,100) >
Required: Record the effects of transactions in an accounting equation worksheet. ASSETS = > Cash + Office Equip. + Computer Equip. = Accounts Payable + K. Holden, Capital > a. > Bal. > b. > Bal. > c. > Bal. > d. > Bal. > e. > Bal. > f. > Bal. > g. > Bal. > h. > Bal. > < + < + Client Fees – Rent Expense – Utilities Expense < a. < Bal. < b. < Bal. < c. < Bal. < d. < Bal. < e. < Bal. < f. < Bal. < g. < Bal. < h. < Bal. ASSETS = > Cash + Office Equip. + Computer Equip. = Accounts Payable + K. Holden, Capital > a. 12,000 12,000 > Bal. 12,000 12,000 > b. (7,500) 7,500 > Bal. 4,500 7,500 12,000 > c. 11,500 11,500 > Bal. 4,500 7,500 11,500 11,500 12,000 > d. (1,100) >
Test-Bank-College-Accounting-Chapters-1-27-19th-Edition-Heintz.docx