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  • 3-2 Ex 1 Sheila's Interior Decorating

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    jugraj grewal
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    1) The document shows a balance sheet for Sheila's Interior Decorating as of October 7, 2021 with assets totaling $9,575 and liabilities of $6,475. 2) Assets include cash of $690, supplies of $775, office furniture of $1,650, and an automobile of $6,500. 3) Liabilities include accounts payable to Home Supply of $475 and Pine Motors of $6,000. Owner's equity is $3,100 attributed to capital contributions from owner S. Kostiuk.

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    Accounting finale

    Original Title

    3-2 Ex 1 Sheila's Interior Decorating (1)

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    1) The document shows a balance sheet for Sheila's Interior Decorating as of October 7, 2021 with assets totaling $9,575 and liabilities of $6,475. 2) Assets include cash of $690, supplies of $775, office furniture of $1,650, and an automobile of $6,500. 3) Liabilities include accounts payable to Home Supply of $475 and Pine Motors of $6,000. Owner's equity is $3,100 attributed to capital contributions from owner S. Kostiuk.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    315 views3 pages

    3-2 Ex 1 Sheila's Interior Decorating

    Uploaded by

    jugraj grewal
    1) The document shows a balance sheet for Sheila's Interior Decorating as of October 7, 2021 with assets totaling $9,575 and liabilities of $6,475. 2) Assets include cash of $690, supplies of $775, office furniture of $1,650, and an automobile of $6,500. 3) Liabilities include accounts payable to Home Supply of $475 and Pine Motors of $6,000. Owner's equity is $3,100 attributed to capital contributions from owner S. Kostiuk.

    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 3

    570821717.

    xlsx

    ASSETS LIABILITIES

    SHEILA'S Total
    INTERIOR A/R - E. Office A/P - Home A/P - Pine
    DECORATING Cash Kerluck Supplies Furniture Automobile Assets Supply Motors
    Beginning 2,050 150 600 1,200 4,000 1,000
    Transaction 1 175 4,175 175
    Transaction 2 (450) 450 4,175
    Transaction 3 190 (190) 4,175
    Transaction 4 300 4,475
    Transaction 5 (500) 6,500 10,475 6,000
    Transaction 6 (700) 9,775 (700)
    Transaction 7 (200) 9,575
    Transaction 8 9,575
    Transaction 9 9,575
    Transaction 10 9,575
    Transaction 11 9,575
    Transaction 12 9,575
    Ending 690 (40) 775 1,650 6,500 9,575 475 6,000
    Fundamental Accounting Equation Verification
    Assets = Liabilities + Equity
    = +
    =

    Page 1
    570821717.xlsx

    OWNER’S
    EQUITY
    Total Total Zero
    S. Kostiuk,
    Liabilities Capital Equity Proof
    1,000 3,000 3,000 -
    1,175 3,000 -
    1,175 3,000 -
    1,175 3,000 -
    1,175 300 3,300 -
    7,175 3,300 -
    6,475 3,300 -
    6,475 (200) 3,100 -
    6,475 3,100 -
    6,475 3,100 -
    6,475 3,100 -
    6,475 3,100 -
    6,475 3,100 -
    6,475 3,100 3,100 -

    Page 2
    Sheila's Interior decorating
    Balance Sheet
    7-Oct-21

    Assets Liabilities
    Cash $ 690 A/P Home Supply $ 475
    Supplies 775 A/P Pine Motors 6 000
    Office Furtiture 1 650
    Automobile 6 500 Total Liabilities $ 6 475

    Owner's Equity
    S. Kortisk, Capital 3 100
    Total Assets 9 575 Total Liabilities and Equity 9 575

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