Scribd Logo
Upload

Welcome to Scribd!

  • 10 views

    Module 2 Problem 13 Victorino Photoprofiles With DR CR

    Uploaded by

    ABM EXODUS SET A MITZI CLOUD CANSON
    1) The document is a financial worksheet for Victorino PhotoProfiles for the month of July 2019 that tracks changes in assets, liabilities, and owner's equity. 2) It records cash amounts received and paid out, as well as adjustments to accounts receivable, prepaid expenses, equipment, accounts payable, and owner's capital investment. 3) By the end of the month, total assets were $266,770 which equaled total liabilities of $67,010 plus owner's equity of $199,760.

    Copyright:

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

    You might also like

    Module 2 Problem 13 Victorino Photoprofiles With DR CR

    Uploaded by

    ABM EXODUS SET A MITZI CLOUD CANSON
    10 views6 pages
    1) The document is a financial worksheet for Victorino PhotoProfiles for the month of July 2019 that tracks changes in assets, liabilities, and owner's equity. 2) It records cash amounts received and paid out, as well as adjustments to accounts receivable, prepaid expenses, equipment, accounts payable, and owner's capital investment. 3) By the end of the month, total assets were $266,770 which equaled total liabilities of $67,010 plus owner's equity of $199,760.

    Original Description:

    Original Title

    Module_2_Problem_13_Victorino_Photoprofiles_with_Dr_CR(7) (1)

    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 is a financial worksheet for Victorino PhotoProfiles for the month of July 2019 that tracks changes in assets, liabilities, and owner's equity. 2) It records cash amounts received and paid out, as well as adjustments to accounts receivable, prepaid expenses, equipment, accounts payable, and owner's capital investment. 3) By the end of the month, total assets were $266,770 which equaled total liabilities of $67,010 plus owner's equity of $199,760.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    10 views6 pages

    Module 2 Problem 13 Victorino Photoprofiles With DR CR

    Uploaded by

    ABM EXODUS SET A MITZI CLOUD CANSON
    1) The document is a financial worksheet for Victorino PhotoProfiles for the month of July 2019 that tracks changes in assets, liabilities, and owner's equity. 2) It records cash amounts received and paid out, as well as adjustments to accounts receivable, prepaid expenses, equipment, accounts payable, and owner's capital investment. 3) By the end of the month, total assets were $266,770 which equaled total liabilities of $67,010 plus owner's equity of $199,760.

    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 6

    Prob.

    13 Victorino PhotoProfiles
    Financial Transaction Worksheet
    Month of July 2019

    ASSETS LIABILITIES
    Accounts Prepaid Photography Accounts
    Date Cash Receivable Supplies Insurance Equipment = Payable
    a dr.
    July a 146,200 =
    b dr. cr.
    b 71,210 = 71,210
    c dr.
    c 51,620 =
    d cr.
    d (5,500) =
    e cr. dr.
    e (7,960) 7,960 =
    f cr. dr.
    f (1,240) 1,240 =
    g dr.
    g 8,960 =
    h cr.
    h (6,000) =
    i cr.
    i (640) =
    j cr. dr.
    j (4,200) = (4,200)
    k dr.
    k 15,480 =
    l cr.
    l (760) =
    m cr.
    m (9,600) =
    End. bal 134,740 0 7,960 1,240 122,830 = 67,010
    Total assets 266,770 = 266,770
    =
    OWNER'S EQUITY
    Victorino,
    + Capital
    cr.
    146,200 Investment

    cr.
    51,620 Investment
    dr.
    (5,500) rent expense

    cr.
    8,960 service revenue
    dr.
    (6,000) salaries expense
    dr.
    (640) utilities expense

    cr.
    15,480 service revenue
    dr.
    (760) repairs expense
    dr.
    (9,600) withdrawal
    + 199,760
    Total liabilities & owner's equity

    You might also like