CHAPTER 1 Introduction to Accounting and Business Prob. 1–4B 1. Assets = Liabilities + Equity Stockholders’ + = Supplies Exp. Exp. Exp. – – – – Cash – Capital Sales Rent Accts. Payable Stock Comm. – Exp. + + Auto Misc. Exp. (a) + 24,000 + 24,000 (b) 3,600 3,600 – – Bal. 20,400 24,000 3,600 – (c) 1,950 1,350 600 – – – Bal. 18,450 24,000 3,600 1,350 600 – – – (d) + 1,200 + 1,200 Bal. 18,450 1,200 1,200 24,000 3,600 1,350 600 – – – (e) + 19,800 + 19,800 Bal. 38,250 1,200 1,200 24,000 19,800 3,600 1,350 600 – – – (f) 750 750 – – Bal. 37,500 1,200 450 24,000 19,800 3,600 1,350 600 – – – (g) 2,500 2,500 – – Bal. 35,000 1,200 450 24,000 19,800 3,600 2,500 1,350 600 – – – – (h) 3,500 3,500 – – Bal. 31,500 1,200 450 24,000 3,500 19,800 3,600 2,500 1,350 600 – – – – – (i) 900 900 – – Bal. 31,500 300 450 24,000 3,500 19,800 3,600 2,500 1,350 900 600 – – – – – – 1-34 © 2014 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
CHAPTER 1 Introduction to Accounting and Business Prob. 1–4B 1. Assets = Liabilities + Stockholders’ Equity Cash + Supplies = Accts. Payable + Capital Stock – + Sales Comm. – Rent Exp. – Exp. – Auto Exp. – Exp. – Misc. Exp. (a) + 24,000 + 24,000 (b) – 3,600 – 3,600 Bal. 20,400 24,000 – 3,600 (c) – 1,950 – 1,350 – 600 Bal. 18,450 24,000 – 3,600 – 1,350 – 600 (d) + 1,200 + 1,200 Bal. 18,450 1,200 1,200 24,000 – 3,600 – 1,350 – 600 (e) + 19,800 + 19,800 Bal. 38,250 1,200 1,200 24,000 19,800 – 3,600 – 1,350 – 600 (f) – 750 – 750 Bal. 37,500 1,200 450 24,000 19,800 – 3,600 – 1,350 – 600 (g) – 2,500 – 2,500 Bal. 35,000 1,200 450 24,000 19,800 – 3,600 – 2,500 – 1,350 – 600 (h) – 3,500 – 3,500 Bal. 31,500 1,200 450 24,000 – 3,500 19,800 – 3,600 – 2,500 – 1,350 – 600 (i) – 900 – 900 Bal. 31,500 300 450 24,000 – 3,500 19,800 – 3,600 – 2,500 – 1,350 – 900 – 600 1-34 © 2014 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
Warren_FinMan12e_SM01_final.docx