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    Accounting Equation With Prepaid

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    Raaied Jaffer
    This document shows a company's balance sheet over 10 periods. It starts with $100,000 cash and $100,000 capital. Over the periods: assets increase through inventory purchases and decrease through sales and expenses; liabilities remain $100,000 capital; and equity is calculated as assets minus liabilities. By period 10, assets are $245,000, liabilities are $100,000 capital, and equity is $145,000.

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    Accounting Equation With Prepaid

    Uploaded by

    Raaied Jaffer
    13 views2 pages
    This document shows a company's balance sheet over 10 periods. It starts with $100,000 cash and $100,000 capital. Over the periods: assets increase through inventory purchases and decrease through sales and expenses; liabilities remain $100,000 capital; and equity is calculated as assets minus liabilities. By period 10, assets are $245,000, liabilities are $100,000 capital, and equity is $145,000.

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    accounting equation with prepaid.xlsx

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    This document shows a company's balance sheet over 10 periods. It starts with $100,000 cash and $100,000 capital. Over the periods: assets increase through inventory purchases and decrease through sales and expenses; liabilities remain $100,000 capital; and equity is calculated as assets minus liabilities. By period 10, assets are $245,000, liabilities are $100,000 capital, and equity is $145,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    13 views2 pages

    Accounting Equation With Prepaid

    Uploaded by

    Raaied Jaffer
    This document shows a company's balance sheet over 10 periods. It starts with $100,000 cash and $100,000 capital. Over the periods: assets increase through inventory purchases and decrease through sales and expenses; liabilities remain $100,000 capital; and equity is calculated as assets minus liabilities. By period 10, assets are $245,000, liabilities are $100,000 capital, and equity is $145,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    Assets

    Cash

    =
    Inventory

    Debtor

    Prepaid Rent

    Bank

    100,000

    100,000
    (75,000)
    25,000 +

    75,000

    25,000 +

    75,000
    135,000
    210,000

    210,000
    (100,000)
    110,000 +

    120,000

    25,000
    30,000
    55,000 +

    110,000 +

    120,000
    (30,000)
    90,000

    55,000
    (8,000)
    47,000 +

    110,000 +

    90,000

    47,000
    (15,000)
    32,000 +

    110,000 +

    90,000 +

    15,000

    32,000
    5,000
    37,000 +

    110,000 +

    90,000 +

    15,000

    37,000
    (10,000)
    27,000 +

    110,000 +

    90,000 +

    15,000 +

    10,000

    27,000
    (5,000)
    22,000 +

    110,000
    (2,000)
    108,000 +

    90,000 +

    15,000 +

    10,000

    245,000

    25,000 +
    5

    10

    Liability +

    Equity

    Creditors

    Capital
    100,000

    100,000

    ### +

    100,000

    135,000 +

    100,000
    20,000
    120,000

    135,000 +

    120,000

    135,000
    (8,000)
    127,000 +

    120,000

    127,000 +

    120,000

    127,000 +

    120,000
    5,000
    125,000

    127,000 +

    125,000

    127,000 +

    125,000
    (7,000)
    118,000

    245,000

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