Prob. 1–5B (Continued) 2. = + Assets Liabilities Equity Stockholders’ Accts. Accts. Capital Retained = + + Rec. + + + Payable Earnings Supplies Stock – Dividends Cash Land Bal. 39,000 80,000 11,000 50,000 31,500 50,000 98,500 0 (a) + 21,000 + 21,000 Bal. 60,000 80,000 11,000 50,000 31,500 71,000 98,500 0 (b) 35,000 + 35,000 – Bal. 25,000 80,000 11,000 85,000 31,500 71,000 (c) 4,000 – 98,500 0 Bal. 21,000 80,000 11,000 85,000 31,500 71,000 (d) + 72,000 98,500 0 Bal. 21,000 152,000 11,000 85,000 31,500 71,000 (e) 20,000 20,000 – – 98,500 0 Bal. 1,000 152,000 11,000 85,000 11,500 71,000 (f) + 8,000 + 8,000 98,500 0 Bal. 1,000 152,000 19,000 85,000 19,500 71,000 (g) + 38,000 98,500 0 Bal. 39,000 152,000 19,000 85,000 19,500 71,000 (h) + 77,000 77,000 – Bal. 116,000 75,000 19,000 85,000 19,500 71,000 (i) + 29,450 Bal. 116,000 75,000 19,000 85,000 48,950 71,000 (j) 29,200 – Bal. 86,800 75,000 19,000 85,000 48,950 71,000 (k) 7,200 – Bal. 86,800 75,000 11,800 85,000 48,950 71,000 98,500 0 98,500 0 98,500 0 98,500 0 98,500 0 (l) 5,000 5,000 – – Bal. 81,800 75,000 11,800 85,000 48,950 71,000 98,500 5,000 –
Prob. 1–5B (Continued) 2. Assets = Liabilities + Stockholders’ Equity Cash Accts. + Rec. + Supplies + Land Accts. = Payable + Capital Stock + Retained Earnings – Dividends Bal. 39,000 80,000 11,000 50,000 31,500 50,000 (a) + 21,000 + 21,000 Bal. 60,000 80,000 11,000 50,000 31,500 71,000 (b) – 35,000 + 35,000 Bal. 25,000 80,000 11,000 85,000 31,500 71,000 (c) – 4,000 Bal. 21,000 80,000 11,000 85,000 31,500 71,000 (d) + 72,000 Bal. 21,000 152,000 11,000 85,000 31,500 71,000 (e) – 20,000 – 20,000 Bal. 1,000 152,000 11,000 85,000 11,500 71,000 (f) + 8,000 + 8,000 Bal. 1,000 152,000 19,000 85,000 19,500 71,000 (g) + 38,000 Bal. 39,000 152,000 19,000 85,000 19,500 71,000 (h) + 77,000 – 77,000 Bal. 116,000 75,000 19,000 85,000 19,500 71,000 (i) + 29,450 Bal. 116,000 75,000 19,000 85,000 48,950 71,000 (j) – 29,200 Bal. 86,800 75,000 19,000 85,000 48,950 71,000 (k) – 7,200 Bal. 86,800 75,000 11,800 85,000 48,950 71,000 98,500 0 98,500 0 98,500 0 98,500 0 98,500 0 98,500 0 98,500 0 98,500 0 98,500 0 98,500 0 98,500 0 98,500 0 (l) – 5,000 – 5,000 Bal. 81,800 75,000 11,800 85,000 48,950 71,000 98,500 – 5,000
Warren_FinMan12e_SM01_final.docx