Homework Answers
Solution :-
| Cash | + | Accounts Receivable | = | Accounts Payable | + | Common Stock | - | Dividends | + | Revenue | - | Expense | |
| a | 7100 | + | = | + | - | + | 7100 | - | |||||
| b | + | 5600 | = | + | - | + | 5600 | - | |||||
| Bal | 7100 | + | 5600 | = | + | - | + | 12700 | - | ||||
| c | -2200 | + | = | + | - | + | - | 2200 | |||||
| Bal | 4900 | + | 5600 | = | + | - | + | 12700 | - | 2200 | |||
| d | 2800 | + | -2800 | = | + | - | + | - | |||||
| Bal | 7700 | + | 2800 | = | + | - | + | 12700 | - | 2200 | |||
| e | -1020 | + | = | + | - | + | - | 1020 | |||||
| Bal | 6680 | + | 2800 | = | + | - | + | 12700 | - | 3220 |
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