Question

analyze the events chronologically one transaction at a time beginning with the transaction on the sixth for each transaction that follows the transaction on the six calculate the balance of each account after analyzing its affect on the accounting equation

Analyze the act of these event on the accou n t the MD ASSETS Cash Mod . Land AP Cap EQUITY service at wind Rent Uses P 5 .000 cash forland E o Type here to search

Answer 1

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Kira
	ASSETS	=	LIAB.		Equity
Date	Cash	+	Med Sup.	+	Land	=	A/P	+	Cap	-	Withdr	+	Service Rev.	-	Sal Exp.	-	Rent Exp.	-	Util Exp.
6-Jul	55,000.00	+		+		=		+	55,000.00	-		+		-		-		-
9-Jul	(35,000.00)	+		+	35,000.00	=		+		-		+		-		-		-
12-Jul		+	1,500.00	+		=	1,500.00	+		-		+		-		-		-
15-Jul		+		+		=		+		-		+		-		-		-
20-Jul	(2,760.00)	+		+		=		+		-		+		-	1,110.00	-	1,200.00	-	450.00
31-Jul	9,000.00	+		+		=		+		-		+	9,000.00	-		-		-
31-Jul	(650.00)	+		+		=	(650.00)	+		-		+		-		-		-
	$ 25,590.00	+	$ 1,500.00	+	$ 35,000.00	=	$     850.00		$ 55,000.00		$          -		$   9,000.00		$ 1,110.00		$ 1,200.00		$     450.00