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More Info a. b. C d. Received contribution of $11,000 cash from Marilyn Mitchell in exchange for common stock. Performed servASSETS = LIAB. EQUITY Cash + A/R + Office + Land = A/P + Contr. Capital + Com. . Stock 5,500 - Div. Retained Earnings + Servii Data Table ASSETS = LIABILITIES EQUITY + Land = Contributed Capital Accounts + + Common Common Payable 9,000 + $ 5,500 - Ca

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Answer #1
Ref. Assets = Liab. + Equity
Contr. Capital + Retained earnings
Cash + A/R + Office Sup. + Land = A/P + Com. Stock - Div + Service Rev. - Rent exp - Adv. Exp
Bal. 2500 + 3000 + 0 + 12000 = 9000 + 5500 - 0 + 3000 - 0 - 0
a. 11000 + + + = + 11000 - + - -
b. 1500 + + + = + - + 1500 - -
c. -9000 + + + = -9000 + - + - -
d. + + 600 + = 600 + - + - -
e. 2500 + -2500 + + = + - + - -
f. -1200 + + + = + - 1200 + - -
g. + 6000 + + = + - + 6000 - -
h. + + + = + - + - -
1 -1100 + + + = + - + - 1100 -
2 -550 + + + = + - + - - 550
Bal. 5650 + 6500 + 600 + 12000 = 600 + 16500 - 1200 + 10500 - 1100 - 550
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