Please analyze transactions with a assets=liabilities+stockholders' equity table. Ending cash balance equals $18,270, while total assets come out to $23,770. Net income totals to $2,170
Homework Answers
| Date | Assets | = | Liabilities | + | Stockholders' Equity | ||||||||||||||
| Cash | Accounts Receivable | Supplies | Equipment | = | Notes Payable | + | Accounts Payable | Common Stock | + | Retained Earnings | |||||||||
| Revenue | - | Expenses | - | Dividends | |||||||||||||||
| May 1 | $15,000 | + | + | + | = | + | + | $15,000 | + | - | - | ||||||||
| 2 | -$600 | + | + | + | = | + | + | + | - | $600 | - | ||||||||
| 3 | + | + | $500 | + | = | + | $500 | + | + | - | - | ||||||||
| 5 | -$150 | + | + | + | = | + | + | + | - | $150 | - | ||||||||
| 9 | $1,400 | + | + | + | = | + | + | + | $1,400 | - | - | ||||||||
| 12 | -$200 | + | + | + | = | + | + | + | - | - | $200 | ||||||||
| 15 | + | $4,200 | + | + | = | + | + | + | $4,200 | - | - | ||||||||
| 17 | -$2,500 | + | + | + | = | + | + | + | - | $2,500 | - | ||||||||
| 20 | -$500 | + | + | + | = | + | -$500 | + | + | - | - | ||||||||
| 23 | $1,200 | + | -$1,200 | + | + | = | + | + | + | - | - | ||||||||
| 26 | $5,000 | + | + | + | = | $5,000 | + | + | + | - | - | ||||||||
| 29 | -$200 | + | + | + | $2,000 | = | + | $1,800 | + | + | - | - | |||||||
| 30 | -$180 | + | + | + | = | + | + | + | - | $180 | - | ||||||||
| $18,270 | + | $3,000 | + | $500 | + | $2,000 | = | $5,000 | + | $1,800 | + | $15,000 | + | $5,600 | - | $3,430 | - | $200 | |
| Net income | $2,170 | ||||||||||||||||||
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Please analyze transactions with a
assets=liabilities+stockholders' equity table. Ending cash balance
equals $18,270, while total assets...
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