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The Effect of Business Transactions on the Basic Accounting Equation AIS - Accounting les Information L system es These are t
Accounting 210 Cash Supplies / The Effect of Business Transactions on the Basic Accounting Equation (30) (30) B/s 830 +10 B
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Solution:

Assets = Liabilities + Shareholders' Equity
Cash Accounts Receivable Supplies Prepaid Insurance Equip. Accounts Payable Notes Payable Unearned Revenue Common Stock Retained Earnings
Revenue Expense Dividend
1 500 0 0 0 0 = 0 0 0 + 500 0 0 0
Balance 500 0 0 0 0 = 0 0 0 + 500 0 0 0
2 -250 0 0 0 250 = 0 0 0 + 0 0 0 0
Balance 250 0 0 0 250 = 0 0 0 + 500 0 0 0
3 200 0 0 0 0 = 0 200 0 + 0 0 0 0
Balance 450 0 0 0 250 = 0 200 0 + 500 0 0 0
4 400 200 0 0 0 = 0 0 0 + 0 600 0 0
Balance 850 200 0 0 250 = 0 200 + 500 600 0 0
5 60 0 0 0 = 0 0 60 + 0 0 0 0
Balance 910 200 0 0 250 = 0 200 60 + 500 600 0 0
6 -50 0 0 0 0 = 0 0 0 + 0 0 -50 0
Balance 860 200 0 0 250 = 0 200 60 + 500 600 -50 0
7 -30 0 0 30 0 = 0 0 0 + 0 0 0 0
Balance 830 200 0 30 250 = 0 200 60 + 500 600 -50 0
8 0 0 90 0 0 = 90 0 0 + 0 0 0 0
Balance 830 200 90 30 250 = 90 200 60 + 500 600 -50 0
9 -25 0 0 0 0 = 0 0 0 + 0 0 0 -25
Balance 805 200 90 30 250 = 90 200 60 + 500 600 -50 -25
10 -300 0 0 0 0 = 0 0 0 + 0 0 -300 0
Balance 505 200 90 30 250 = 90 200 60 + 500 600 -350 -25
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