Scribd Logo
Upload

Welcome to Scribd!

  • NO Date Aset Cash Prepaid Rent: Acounting Equation

    Uploaded by

    valentino
    20 views3 pages
    1) The document shows an accounting equation with transactions recorded over time that impact assets, liabilities, and equity accounts. 2) Assets include cash, supplies, equipment, and prepaid rent with changes in cash balances recorded on various dates. 3) The accounting equation is balanced with total assets equal to total liabilities plus equity. 4) Additional details include revenue, expenses, and ending balances for the period.

    Original Description:

    Original Title

    Untitled

    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
    1) The document shows an accounting equation with transactions recorded over time that impact assets, liabilities, and equity accounts. 2) Assets include cash, supplies, equipment, and prepaid rent with changes in cash balances recorded on various dates. 3) The accounting equation is balanced with total assets equal to total liabilities plus equity. 4) Additional details include revenue, expenses, and ending balances for the period.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    20 views3 pages

    NO Date Aset Cash Prepaid Rent: Acounting Equation

    Uploaded by

    valentino
    1) The document shows an accounting equation with transactions recorded over time that impact assets, liabilities, and equity accounts. 2) Assets include cash, supplies, equipment, and prepaid rent with changes in cash balances recorded on various dates. 3) The accounting equation is balanced with total assets equal to total liabilities plus equity. 4) Additional details include revenue, expenses, and ending balances for the period.

    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

    Acounting Equation

    Aset
    NO Date
    Cash Prepaid Rent
    1 27-Sep 1,800,000
    2 29-Sep 1,500,000
    3 4-Oct
    4 5-Oct (-50,000)
    5 18-Oct (-350,000) (-350,000)
    6 25-Oct (-280,000)
    7 5-Nov (-170,000)
    8 7-Nov
    9 15-Nov 1,750,000
    10 20-Nov (-30,000)
    11 21-Nov (-500,000)

    Total 3,670,000 350,000

    Balance
    Aset (=) Liabilities (+)
    Supplies Equipment (=) Account Payable (+) Owner's Equity (+)
    1,800,000
    1,500,000
    300,000 300,000

    140,000 (=) 1,800,000 (+) 1,800,000


    4,160,000 (=) 1,800,000 (+)
    4,160,000 (=) 4,160,000
    Revenue (+) Prive (-) Expenses (-)

    (-50,000)

    (-280,000)
    (-170,000)
    (-160,000)

    1,750,000 (-30,000)

    (-500,000)

    1,750,000 (-500,000) (-690,000)


    2,360,000
    4,160,000

    You might also like