Assets | Liabilities | Stockholder's Equity | ||||||||||||||||||
Accounts | Accounts | Bonds | Common | |||||||||||||||||
Cash | + | Receivable | + | Supplies | + | Equipment | = | Payable | + | Payable | + | Stock | + | Retained Earnings | ||||||
Revenues | - | Expenses | - | Dividends | ||||||||||||||||
1) | $ 115,000.00 | $ 115,000.00 | ||||||||||||||||||
2) | $ 38,000.00 | $ 38,000.00 | ||||||||||||||||||
3) | $ (55,000.00) | $ 55,000.00 | ||||||||||||||||||
4) | $ 17,000.00 | $ 17,000.00 | Cash received for services performed | |||||||||||||||||
5) | $ 6,700.00 | $ 6,700.00 | ||||||||||||||||||
6) | $ (6,000.00) | $ 6,000.00 | Paid rent in cash | |||||||||||||||||
7) | $ 10,400.00 | $ 10,400.00 | Serivce performed on account | |||||||||||||||||
8) | $ (29,600.00) | $ 29,600.00 | Paid salaries in cash | |||||||||||||||||
9) | $ (10,500.00) | $ 10,500.00 | Paid cash dividend | |||||||||||||||||
Total | $ 68,900.00 | $ 10,400.00 | $ 6,700.00 | $ 55,000.00 | $ 6,700.00 | $ 38,000.00 | $ 115,000.00 | $ 27,400.00 | $ 35,600.00 | $ 10,500.00 |
Let me know if you find anything incorrect
Exercise 3-03 During 2022, its first year of operations as a delivery service, Blue Spruce Corp....
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