Homework Answers
| 1.) | Assets | Liabilities | Equity | Amount $ | ||||||||||||||||||||||||
| Cash | + | A/R | + | Off Supl | + | Canoes | = | A/P | + | Utill Pay | + | Tele Pay | + | CS | - | DiV | + | Rent Rev | - | Rent Exp | - | Util Exp | - | Wage exp | - | Tele Exp | ||
| Nov.1 | 25,000 | + | + | + | = | + | + | + | 25,000 | - | + | - | - | - | - | |||||||||||||
| Nov.2 | -1,000 | + | + | + | = | + | + | + | - | + | - | 1,000 | - | - | - | |||||||||||||
| Nov.3 | + | + | + | 4,200 | = | 4,200 | + | + | + | - | + | - | - | - | - | |||||||||||||
| Nov.4 | + | + | 800 | + | = | 800 | + | + | + | - | + | - | - | - | - | |||||||||||||
| Nov.7 | 2,000 | + | + | + | = | + | + | + | - | + | 2,000 | - | - | - | - | |||||||||||||
| Nov.13 | -1,700 | + | + | + | = | + | + | + | - | + | - | - | - | 1,700 | - | |||||||||||||
| Nov.15 | -600 | + | + | + | = | + | + | + | - | 600 | + | - | - | - | - | |||||||||||||
| Nov.16 | + | + | + | = | + | 190 | + | + | - | + | - | - | 190 | - | - | |||||||||||||
| Nov.20 | + | + | + | = | + | + | 140 | + | - | + | - | - | - | - | 140 | |||||||||||||
| Nov.22 | + | 2,800 | + | + | = | + | + | + | - | + | 2,800 | - | - | - | - | |||||||||||||
| Nov.26 | -1,800 | + | + | + | = | -1,800 | + | + | + | - | + | - | - | - | - | |||||||||||||
| Nov.28 | 1,100 | + |
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