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S 7 Punt P1.6B (LO 4, 5, 6) AP Kensington Bike Repair Shop was started on April 1 by L. Depres. A summary of the April transa
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Answer #1
1 Date Cash + Accounts Receivable + Supplies + Equipment = Unearned Revenue + Accounts Payable + Notes Payable + L. Depres Capital - L. Depres Withdrawals + Revenues - Expense
April 1 $21,000 + + + = + + + $21,000 - + -
2 ($3,000) + + + $9,000 = + + $6,000 + - + -
5 ($1,050) + + + = + + + - + - $1,050
7 + + $975 + = + $975 + + - + -
9 $3,200 + + + = + + + - + $3,200 -
16 + $2,900 + + = + + + - + $2,900 -
26 $1,200 + ($1,200) + + = + + + - + -
27 ($975) + + + = + ($975) + + - + -
28 ($290) + + + = + + + - + - $290
29 ($1,300) + + + = + + + - $1,300 + -
30 + + + = + $200 + + - + - $200
30 ($1,400) + + + = + + + - + - $1,400
30 + $750 + + = + + + - + $750 -
30 $2,100 + + + = $2,100 + + + - + -
Total $19,485 + $2,450 + $975 + $9,000 = $2,100 + $200 + $6,000 + $21,000 - $1,300 + $6,850 - $2,940
2 L. Depres Capital at April 30 = $23,610
($21,000 - $1,300 + $6,850 - $2,940)
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