Homework Answers
Answer
--Requirement, as asked
| Assets | Liabilities | Contributed Capital | Retained earnings | |||||
| a | Cash | $13,450 | Common Stock | $13,450 | ||||
| b | Accounts receivables | $8,750 | Service revenue | $8,750 | ||||
| c | Cash | $7,175 | ||||||
| Accounts receivables | ($7,175) | |||||||
| d | Accounts Payable | $65 | Supplies expense | ($65) | ||||
| e | Cash | ($4,500) | ||||||
| Prepaid Rent | $4,500 | |||||||
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