Date | Asset | = | Liabilities | + | Equity | ||||||||||
cash | + | Accounts receivable | + | Equipment | = | Accounts payable | + | Common stock | - | Dividend | + | revenue | - | expense | |
a | 68000 | 0 | 29000 | 0 | 97000 | 0 | 0 | 0 | |||||||
Bal | 68000 | 0 | 29000 | 0 | 97000 | 0 | 0 | 0 | |||||||
b | -2100 | 0 | 0 | 0 | 0 | 0 | 0 | 2100 | |||||||
Bal | 65900 | 0 | 29000 | 0 | 97000 | 0 | 0 | 2100 | |||||||
c | 0 | 0 | 10000 | 10000 | 0 | 0 | 0 | 2100 | |||||||
Bal | 65900 | 0 | 39000 | 10000 | 97000 | 0 | 0 | 2100 | |||||||
d | 1600 | 0 | 0 | 0 | 0 | 0 | 1600 | 0 | |||||||
Bal | 67500 | 0 | 39000 | 10000 | 97000 | 0 | 1600 | 2100 | |||||||
e | 0 | 9000 | 0 | 0 | 0 | 0 | 9000 | 0 | |||||||
Bal | 67500 | 9000 | 39000 | 10000 | 97000 | 0 | 10600 | 2100 | |||||||
f | -6100 | 0 | 6100 | 0 | 0 | 0 | 0 | 0 | |||||||
Bal | 61400 | 9000 | 45100 | 10000 | 97000 | 0 | 10600 | 2100 | |||||||
g | -3000 | 0 | 0 | 0 | 0 | 0 | 0 | 3000 | |||||||
Bal | 58400 | 9000 | 45100 | 10000 | 97000 | 0 | 10600 | 5100 | |||||||
h | 5300 | -5300 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
Bal | 63700 | 3700 | 45100 | 10000 | 97000 | 0 | 10600 | 5100 | |||||||
i | -10000 | 0 | 0 | -10000 | 0 | 0 | 0 | 0 | |||||||
Bal | 53700 | 3700 | 45100 | 0 | 97000 | 0 | 10600 | 5100 | |||||||
j | -1100 | 0 | 0 | 0 | 0 | 1100 | 0 | 0 | |||||||
Bal | 52600 | + | 3700 | + | 45100 | = | 0 | + | 97000 | - | 1100 | + | 10600 | - | 5100 |
A Bank of America Saved Help Save & Exit Su Ming Chen began a professional practice...
Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. During June, Ming Chen (the owner) completed these transactions. Owner invested $59,000 cash in the company along with equipment that had a $16,000 market value in exchange for its common stock. The company paid $2,500 cash for rent of office space for the month. The company purchased $17,000 of additional equipment on credit (payment due within 30 days). The...
Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. During June, Ming Chen (the owner) completed these transactions. a. Owner invested $68,000 cash in the company along with equipment that had a $29.000 market value in exchange for its common stock b. The company paid $2,100 cash for rent of office space for the month. c. The company purchased $10,000 of additional equipment on credit payment due within...
Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. During June, Ming Chen (the owner) completed these transactions: a. Owner invested $60,000 cash in the company along with equipment that had a $15,000 market value b. The company paid $1,500 cash for rent of office space for the month. c. The company purchased $10,000 of additional equipment on credit (payment due within 30 days). d. The company completed...
Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. During June, Ming Chen (the owner) completed these transactions. a. Owner invested $60,000 cash in the company along with eguipment that had a $15,000 market value in exchange for its common stock. b. The company paid $1,500 cash for rent of office space for the month. c. The company purchased $10,000 of additional equipment on credit (payment due within...
Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. During June, Ming Chen (the owner) completed these transactions. a. Owner invested $64,000 cash in the company along with equipment that had a $20,000 market value in exchange for its common stock. b. The company paid $1,200 cash for rent of office space for the month. c. The company purchased $11,000 of additional equipment on credit (payment due within...
Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. During June, Ming Chen (the owner) completed these transactions a. Owner Invested $60,000 cash in the company along with equipment that had a $15,000 market value in exchange for its common stock. b. The company paid $1,500 cash for rent of office Space for the month. C. The company purchased $10,000 of additional equipment on credit (payment due within...
Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. During June, Ming Chen (the owner) completed these transactions.Owner invested $67,000 cash in the company along with equipment that had a $17,000 market value in exchange for its common stock.The company paid $1,500 cash for rent of office space for the month.The company purchased $17,000 of additional equipment on credit (payment due within 30 days).The company completed work for...
Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. During June, Ming Chen (the owner) completed these transactions. Owner invested $63,000 cash in the company along with equipment that had a $11,000 market value in exchange for its common stock. The company paid $1,200 cash for rent of office space for the month. The company purchased $11,000 of additional equipment on credit (payment due within 30 days). The...
Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. During June. Ming Chen (the owner) completed these transactions. a. Owner invested $61.000 cash in the company along with equipment that had a $13.000 market value in exchange for its common stock. b. The company paid $3.000 cash for rent of office space for the month. c. The company purchased $18.000 of additional equipment on credit (payment due within...
Ming chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. During june, Ming Chen (the owner) complete these transactions. a. Owner invested $ 60,000 cash in the company along with equipment that had a $ 15,000 market value. b. The company paid $1500 cash for office space for the month. c. The company purchased $10,000 of additional equipment on credit ( payment due within 30 days). d. The company...