CONTINUING PROBLEM = + Equity Liabilities Stockholders’ 1. Assets + = Rec. Cash – Capital Fees Accts. Payable Stock + Earned + Supplies + Accts. June 1 + 4,000 + 4,000 June 2 + 3,500 + 3,500 Bal. 7,500 4,000 3,500 June 2 800 – Bal. 6,700 4,000 3,500 June 4 + 350 + 350 Bal. 6,700 350 350 4,000 3,500 June 6 500 – Bal. 6,200 350 350 4,000 3,500 June 8 675 – Bal. 5,525 350 350 4,000 3,500 June 12 350 – Bal. 5,175 350 350 4,000 3,500 June 13 100 100 – – 5,075 350 250 4,000 3,500 Bal. June 16 + 300 + 300 Bal. 5,375 350 250 4,000 3,800 June 22 + 1,000 + 1,000 Bal. 5,375 1,000 350 250 4,000 4,800 June 25 + 500 + 500 Bal. 5,875 1,000 350 250 4,000 5,300 June 29 240 – Bal. 5,635 1,000 350 250 4,000 5,300 June 30 + 900 + 900 6,535 1,000 350 250 4,000 6,200 Bal. June 30 400 – 6,135 1,000 350 250 4,000 6,200 Bal. June 30 300 – Bal. 5,835 1,000 350 250 4,000 6,200 June 30 180 – 5,835 1,000 170 250 4,000 6,200 Bal. June 30 415 – Bal. 5,420 1,000 170 250 4,000 6,200 June 30 1,000 – 4,420 1,000 170 250 4,000 6,200 Bal.
CONTINUING PROBLEM 1. Assets = Liabilities + Stockholders’ Equity Cash Accts. + Rec. + Supplies = Accts. Payable + Capital Stock – Fees + Earned June 1 + 4,000 + 4,000 June 2 + 3,500 + 3,500 Bal. 7,500 4,000 3,500 June 2 – 800 Bal. June 4 6,700 + 350 + 350 4,000 3,500 Bal. 6,700 350 350 4,000 3,500 June 6 – 500 Bal. 6,200 350 350 4,000 3,500 June 8 – 675 Bal. 5,525 350 350 4,000 3,500 June 12 – 350 Bal. 5,175 350 350 4,000 3,500 June 13 – 100 – 100 Bal. 5,075 350 250 4,000 3,500 June 16 + 300 + 300 Bal. 5,375 350 250 4,000 3,800 June 22 + 1,000 + 1,000 Bal. 5,375 1,000 350 250 4,000 4,800 June 25 + 500 + 500 Bal. 5,875 1,000 350 250 4,000 5,300 June 29 – 240 Bal. 5,635 1,000 350 250 4,000 5,300 June 30 + 900 + 900 Bal. 6,535 1,000 350 250 4,000 6,200 June 30 – 400 Bal. 6,135 1,000 350 250 4,000 6,200 June 30 – 300 Bal. 5,835 1,000 350 250 4,000 6,200 June 30 – 180 Bal. 5,835 1,000 170 250 4,000 6,200 June 30 – 415 Bal. 5,420 1,000 170 250 4,000 6,200 June 30 – 1,000 Bal. 4,420 1,000 170 250 4,000 6,200
Warren_FinMan12e_SM01_final.docx