Scribd Logo
Upload

Welcome to Scribd!

  • 12 views

    Accouting Equation Problems BBA 2025

    Uploaded by

    Surya Padala
    The document shows a list of transactions by JBW Corporation in January 20X1 including an investment of $300,000, purchases and sales of inventory and equipment, payment of accounts payable, and a personal transaction. It provides an analysis of the impact of these transactions on the company's cash, inventory, equipment, accounts payable, notes payable, par value, and paid in capital. By the end of January 20X1, the company had $153,000 in cash, $249,000 in inventory, and $36,000 in equipment based on the net impact of the transactions.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content

    You might also like

    Accouting Equation Problems BBA 2025

    Uploaded by

    Surya Padala
    12 views12 pages
    The document shows a list of transactions by JBW Corporation in January 20X1 including an investment of $300,000, purchases and sales of inventory and equipment, payment of accounts payable, and a personal transaction. It provides an analysis of the impact of these transactions on the company's cash, inventory, equipment, accounts payable, notes payable, par value, and paid in capital. By the end of January 20X1, the company had $153,000 in cash, $249,000 in inventory, and $36,000 in equipment based on the net impact of the transactions.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document shows a list of transactions by JBW Corporation in January 20X1 including an investment of $300,000, purchases and sales of inventory and equipment, payment of accounts payable, and a personal transaction. It provides an analysis of the impact of these transactions on the company's cash, inventory, equipment, accounts payable, notes payable, par value, and paid in capital. By the end of January 20X1, the company had $153,000 in cash, $249,000 in inventory, and $36,000 in equipment based on the net impact of the 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
    12 views12 pages

    Accouting Equation Problems BBA 2025

    Uploaded by

    Surya Padala
    The document shows a list of transactions by JBW Corporation in January 20X1 including an investment of $300,000, purchases and sales of inventory and equipment, payment of accounts payable, and a personal transaction. It provides an analysis of the impact of these transactions on the company's cash, inventory, equipment, accounts payable, notes payable, par value, and paid in capital. By the end of January 20X1, the company had $153,000 in cash, $249,000 in inventory, and $36,000 in equipment based on the net impact of the 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 12

    Analysis of Transactio

    Description of Transactions Assets


    Cash Inventory Equipment
    1 Investment 300000
    2 Inventory purchased -75000 75000
    3 Inventory purchased on open account 85000
    4 Inventory returned -11000
    5 Equipment purchased on cash and promissory note -10000 40000
    6 SoldEquipment 4000 -4000
    7 Paid Accounts payable -16000
    8 Inventory purchased with cash and open account -50000 100000
    9 Personal transaction (no entry)
    153000 249000 36000

    Balance, January 31, 20X1


    JBW CORPORATION
    January 20X1
    Analysis of Transactions

    = Liabilities + Owners Equity


    Accounts Payable Notes Payable Par value Excess Paid in capital
    30000 270000

    85000
    -11000
    30000

    -16000
    50000

    108000 30000 0 30000 270000


    Solution
    Assets
    Date Description Cash + AR Supplies
    May-01 Investment in business 7000
    2 rent -900
    3 supplies purchased 800
    5 advertisement -125
    9 Sevices fee 4000
    12 drawings -1000
    15 Sevices performed on account 6400
    17 Salaries -2500
    20 paid to suppliers -600
    23 Received from client for services 4000 -4000
    26 Bank Loan 5000
    29 Equipment Purchased
    30 Utilities -275
    14600 0 2400 800

    Total ASSETS 22000


    = Liabilities + Owners Equity
    Equipment Notes payable + Accounts Payable + Owners Capital - Owners Drawings +
    7000

    800

    1000

    -600

    5000
    4200 4200
    4200 9200 200 7000 1000

    TOTAL Libaili 22000


    ners Equity
    Revenues - Expenses

    900

    125
    4000

    6400
    2500
    275
    10400 3800

    You might also like