Prob. 1–5B (Continued) Equity (Continued) Stockholders’ Cleaning Exp. – – Dry Exp. Exp. Exp. – – – – – Cleaning + Revenue Misc. Exp. Rent Wages Exp. Dry Exp. Bal. (a) Bal. (b) Bal. (c) 4,000 – 4,000 Bal. – + 72,000 (d) 72,000 4,000 Bal. – (e) 72,000 4,000 Bal. – (f) 72,000 4,000 Bal. – + 38,000 (g) 110,000 4,000 Bal. – (h) 110,000 4,000 Bal. – 29,450 (i) – 110,000 29,450 4,000 Bal. – – 24,000 2,100 1,800 1,300 (j) – – – – 110,000 29,450 24,000 4,000 2,100 1,800 1,300 Bal. – – – – – – 7,200 (k) – 110,000 29,450 24,000 7,200 4,000 2,100 1,800 1,300 Bal. – – – – – – – (l) 110,000 29,450 24,000 7,200 4,000 2,100 1,800 1,300 Bal. – – – – – – –
Prob. 1–5B (Continued) Stockholders’ Equity (Continued) Dry Cleaning + Revenue Dry Cleaning – Exp. – Wages Exp. – Exp. – Rent Exp. – Exp. – Exp. – Misc. Exp. Bal. (a) Bal. (b) Bal. (c) – 4,000 Bal. (d) + 72,000 – 4,000 Bal. 72,000 – 4,000 (e) Bal. 72,000 – 4,000 (f) Bal. 72,000 – 4,000 (g) + 38,000 Bal. 110,000 – 4,000 (h) Bal. (i) 110,000 – 29,450 – 4,000 Bal. (j) 110,000 – 29,450 – 24,000 – 4,000 – 2,100 – 1,800 – 1,300 Bal. (k) 110,000 – 29,450 – 24,000 – 7,200 – 4,000 – 2,100 – 1,800 – 1,300 Bal. 110,000 – 29,450 – 24,000 – 7,200 – 4,000 – 2,100 – 1,800 – 1,300 (l) Bal. 110,000 – 29,450 – 24,000 – 7,200 – 4,000 – 2,100 – 1,800 – 1,300
Warren_FinMan12e_SM01_final.docx