Answers
Assets | = | liability | + | Stack Holders Equity | Explanation | ||||||||||
Cash | + | Accounts receivables | + | Equipment | = | Accounts Payable | + | Common stock | + | Retained Earnings | |||||
Revenues | - | Expenses | |||||||||||||
1 | 33,000 | 33,000 | Common Stock for Cash | ||||||||||||
2 | 26,900 | 26,900 | Brought Equipment on accounts | ||||||||||||
3 | -3100 | 3100 | Storage Rent Paid | ||||||||||||
4 | 15,300 | 15,300 | Revenue from computer service On accounts | ||||||||||||
5 | 3500 | 3500 | Revenue from computer service for cash | ||||||||||||
6 | -8700 | 8700 | Paid For Utility Expense | ||||||||||||
7 | -26900 | -26900 | Paid for computer purchased on accounts in 2nd row | ||||||||||||
8 | 3400 | 3400 | Incurred Advertising expenses on accounts | ||||||||||||
9 | 11,100 | -11,100 | Cash received 11,100 out of 15,300 for the computer services which was performed on accounts | ||||||||||||
40,000 | = | 3400 | + | 36,600 | |||||||||||
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