Homework Answers
| Statement showing Computations | ||
| Particulars | Debit | Credit |
| Cash Dr | 5,000.00 | |
| To Unearned Revenue | 5,000.00 | |
| Assets = Liabilities + Stockholder Equity | ||
| 5,000 = 5,000 + Stockholder Equity | ||
| 2) | ||
| Supplies Dr | 8,750.00 | |
| To Accounts payable | 8,750.00 | |
| Assets = Liabilities + Stockholder Equity | ||
| 8,750 = 8,750 + Stockholder Equity | ||
| Part 2 | Financial St | Normal Balance |
| a) Cash | Balance Sheet | Debit |
| b) Unearned revenue | Balance Sheet | Credit |
| c) Equipment | Balance Sheet | Debit |
| d)Revenue/ Sales | Income statement | Credit |
| e) Dividends | Statement of retained earnings | Debit |
| f) Common Stock | Balance Sheet | Credit |
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