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  • Accounting

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    Lê Chí Trường
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    The document shows accounting transactions for assets, liabilities, and equity accounts. Assets include cash, receivables, supplies, and equipment, totaling $16,500 and equal to liabilities (payables) of $5,270 plus equity (share capital and retained earnings) of $11,500. The transactions recorded increases and decreases to the various accounts.

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    The document shows accounting transactions for assets, liabilities, and equity accounts. Assets include cash, receivables, supplies, and equipment, totaling $16,500 and equal to liabilities (payables) of $5,270 plus equity (share capital and retained earnings) of $11,500. The transactions recorded increases and decreases to the various accounts.

    Copyright:

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

    Accounting

    Uploaded by

    Lê Chí Trường
    The document shows accounting transactions for assets, liabilities, and equity accounts. Assets include cash, receivables, supplies, and equipment, totaling $16,500 and equal to liabilities (payables) of $5,270 plus equity (share capital and retained earnings) of $11,500. The transactions recorded increases and decreases to the various accounts.

    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 = Liabilities + Equ

    Transaction Accounts Accounts Share


    Cash Receivable Supplies Equipment Payable Capital
    5000 1500 500 6000 4200 4000
    1 1200 -1200
    2 -2800 -2800
    3 4000 3500
    4 -400 2000 1600
    5 -4100

    6 -700
    7 2000 2000
    8 270
    4200 3800 -2500 6000 5270 4000
    16500 = 16500
    Equity
    Retained Earnings
    Rev Exp Div
    4800

    7500

    -2800
    -900
    -400
    -700

    -270
    12300 -4370 -700
    16500

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