Homework Answers
| answer | ||||||||||||
| Column1 | Column2 | Column3 | Column4 | Column5 | Column6 | Column7 | Column8 | Column9 | Column10 | Column11 | Column12 | Column13 |
| Cash | Accounst rec | Supplies | Equipment | =Acc Pay | Bonds payable | Common stock | Retained Eranings | |||||
| Revenue | - | Expenses | - Dividend | Explanation | ||||||||
| 1 | $1,00,000 | 100000 | Issue of stock | |||||||||
| 2 | $45,000 | $45,000 | No effect | |||||||||
| 3 | -$60,000 | $60,000 | No effect | |||||||||
| 4 | $16,000 | $16,000 | Service revenue | |||||||||
| 5 | $4,700 | $4,700 | No effect | |||||||||
| 6 | -$5,200 | -$5,200 | Rent expenses | |||||||||
| 7 | $10,000 | $10,000 | Service revenue | |||||||||
| 8 | -$28,000 | -$28,000 | Salaries & wages expenses | |||||||||
| 9 | -$11,000 | -$11,000 | Dividend | |||||||||
| Total | $56,800 | $10,000 | $4,700 | $60,000 | $4,700 | $45,000 | $1,00,000 | $26,000 | $0 | -$33,200 | -$11,000 |
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