Homework Answers
Answer:
| Assets | = | Liabilities | + | Owner's Equity | |||||||||
| Cash | + |
Accounts Receivable |
+ | Equipment | = |
Accounts Payable |
+ |
John Amos, Capital |
+ | Revenues | - | Expenses | |
| 1 | $45,000 | + | + | = | + | $45,000 | + | - | |||||
| 2 | + | + | $14,500 | = | $14,500 | + | + | - | |||||
| 3 | $3,600 | + | + | = | + | + | $3,600 | - | |||||
| 4 | ($3,100) | + | + | $3,100 | = | + | + | - | |||||
| 5 | + | $4,300 | + | = | + | + | $4,300 | - | |||||
| 6 | ($3,700) | + | + | = | + | + | - | $3,700 | |||||
| 7 | $1,700 | + | ($1,700) | + | = | + | + | - | |||||
| 8 | ($7,000) | + | + | = | ($7,000) | + | + | - | |||||
| Totals | $36,500 | + | $2,600 | + | $17,600 | = | $7,500 | + | $45,000 | + | $7,900 | - | $3,700 |
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The Copy Center had the transactions listed below during the month of June....
The Copy Center had the transactions listed below during the month of June TRANSACTIONS 1. John...
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AFAP
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AFAP
John Daniel opened a medical practice in Sacramento, California, and had the following transactions during the month of January: (Click the icon to view the January transactions.) Journalize the transactions of John Daniel, M.D. Include an explanation with each entry. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Jan. 1: The business received $34,000 cash and issued common stock to Daniel. Date Accounts and Explanation Jan. 1 Debit Credit More...
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