Homework Answers
Answer:
| Cash | Supplies | |||||||
| Beg. Bal. | $0 | Beg. Bal. | $0 | |||||
| a | $100,000 | $9,500 | b | e | $1,150 | |||
| $38,000 | d | |||||||
| $360 | f | |||||||
| End. Bal. | $52,140 | End. Bal. | $1,150 | |||||
| Equipment | Land | |||||||
| Beg. Bal. | $0 | Beg. Bal. | $0 | |||||
| d | $38,000 | b | $23,000 | |||||
| End. Bal. | $38,000 | End. Bal. | $23,000 | |||||
| Accounts payable | Note payable (long-term) | |||||||
| Beg. Bal. | $0 | Beg. Bal. | $0 | |||||
| f | 360 | $1,150 | e | $13,500 | b | |||
| End. Bal. | $790 | End. Bal. | $13,500 | |||||
| Common stock | ||||||||
| Beg. Bal. | $0 | |||||||
| $100,000 | a | |||||||
| End. Bal. | $100,000 | |||||||
No entry for transaction-c because no transaction
No entry for Transaction-g because it's a personal transaction.
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