Homework Answers
Ans-
| Assets | = | Liabilities | + | Owner's Equity | |||||||||
| Cash | + | Accounts Receivable | + | Equipment | = | Accounts Payable | + | John Amos, Capital | + | Revenue | - | Expenses | |
| 1 | $53,000 | + | + | = | + | $53,000 | + | - | |||||
| 2 | + | + | $18,500 | = | $18,500 | + | + | - | |||||
| 3 | $2,400 | + | + | = | + | + | $2,400 | - | |||||
| 4 | -$3,900 | + | + | $3,900 | = | + | + | - | |||||
| 5 | + | $4,700 | + | = | + | + | $4,700 | - | |||||
| 6 | -$4,100 | + | + | = | + | + | - | $4,100 | |||||
| 7 | $2,500 | + | -$2,500 | + | = | + | + | - | |||||
| 8 | -$10,200 | + | + | = | -$10,200 | + | + | - | |||||
| Totals | $39,700 | + | $2,200 | + | $22,400 | = | $8,300 | + | $53,000 | + | $7,100 | - | $4,100 |
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