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    Accounting Template

    Uploaded by

    Christina Hardiman
    The document shows accounting transactions that occurred throughout a period. It begins with opening balances for various asset, liability, and equity accounts. Throughout the period there were cash receipts from clients, bills sent to clients, wages paid in cash, a partial client payment, and various expenses paid. The ending balances reflect the impact of these transactions.

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    Accounting Template

    Uploaded by

    Christina Hardiman
    4 views7 pages
    The document shows accounting transactions that occurred throughout a period. It begins with opening balances for various asset, liability, and equity accounts. Throughout the period there were cash receipts from clients, bills sent to clients, wages paid in cash, a partial client payment, and various expenses paid. The ending balances reflect the impact of these transactions.

    Original Description:

    Template for MGT11A

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    The document shows accounting transactions that occurred throughout a period. It begins with opening balances for various asset, liability, and equity accounts. Throughout the period there were cash receipts from clients, bills sent to clients, wages paid in cash, a partial client payment, and various expenses paid. The ending balances reflect the impact of these transactions.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    4 views7 pages

    Accounting Template

    Uploaded by

    Christina Hardiman
    The document shows accounting transactions that occurred throughout a period. It begins with opening balances for various asset, liability, and equity accounts. Throughout the period there were cash receipts from clients, bills sent to clients, wages paid in cash, a partial client payment, and various expenses paid. The ending balances reflect the impact of these transactions.

    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 7

    Assets

    Transactions

    Beginning
    Balances
    a
    b
    c
    d
    e
    f

    Cash

    Account
    Supplies
    Receivable

    Prepaid Equipment Depreciation


    Insurance

    5500
    4000
    -1400
    2000
    -700

    -2000

    h
    i
    j
    5400
    2000
    * When you pay wages you are reducing liabilities so -

    Liabilities
    Account
    Payable

    Rent

    Wages

    -1400*

    -1400

    Unearned
    Revenue

    Taxes
    Payable

    Interest
    Payable

    Loan
    Payable

    Equity
    Contributed Capital
    Common Stock

    Retained Earnings
    Revenues

    Expenses Dividends

    Q 1-10
    5500
    4000

    client pays cash for services


    company bills for services
    company pays cash wages
    client pays partial bill
    700

    9500

    700

    ash for services


    s for services
    s cash wages

    Assets
    Transactions

    Beginning
    Balances
    a
    b
    c
    d
    e
    f

    Cash

    Account Supplies Prepaid Equipment Depreciation


    Receivabl
    Insurance
    e

    138100

    18000

    -18000
    -48000
    -800
    18000
    35000
    -1800
    -1800

    -18000

    10000

    300000
    -285000
    -20000

    2400

    -2400
    12000
    -9000

    -12000
    h
    i
    j

    400000

    -40000

    Liabilities

    +
    Contributed

    Account
    Payable

    Rent

    Wages

    Unearned
    Revenue

    18000

    800

    48000

    75000

    Taxes
    Payable

    Interest
    Payable

    Loan
    Payable

    1800

    60000

    -18000
    -48000
    -800

    -1800

    300000
    -285000

    Equity
    Contributed Capital

    Retained Earnings

    Common Stock

    Revenues Expenses Dividends

    15000

    285000

    1000

    34000

    24900

    -1800
    -2400

    Insurance expense

    -9000

    Insurance expenses

    -20000

    advertising expenses

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