Notes 22 mar 2023

Task 1

day 1: balance sheet

assets equity

cash 1000 capital 1000

liabilities 0

1000 1000

day 2: balance sheet

assets equity

car 400 capital 1000

cash 600 liabilities 0

1000 1000

day 3: balance sheet

assets equity

car 400 capital 1000

inventory 200 liabilities 0

cash 400

1000 1000

day 4: balance sheet

Income statement
assets equity

car 400 capital 1000 sales revenue 300

Cost Of Goods Sold 200

Notes 22 mar 2023 1

 assets equity profit 100
inventory 0 liabilities 0

cash 700

1100 1100

day 5: balance sheet

Income statement
assets equity

car 400 capital 1000 sales revenue 300

inventory 400 liabilities 0 Cost Of Goods Sold 200

cash 700 retained earnings 100 profit 100
accounts payable 400

1500 1500

day 6: balance sheet

Income statement
assets equity

car 400 capital 1000 sales revenue 300 | 250

inventory 200 liabilities 0 Cost Of Goods Sold 200 | 200

accounts receivable retained earnings profit 150
250 150
accounts payable
cash 700
400

1550 1550

day 7: balance sheet

Income statement
assets equity

car 400 capital 1000 sales revenue 300 | 250

inventory 200 liabilities 0 Cost Of Goods Sold 200 | 200

accounts receivable retained earnings profit 150
250 150
accounts payable
cash 500
200

Notes 22 mar 2023 2

 assets equity

1350 1350

day 8: balance sheet

assets equity
Income statement

car 400 capital 1000 sales revenue 300 | 250

inventory 200 liabilities 0 Cost Of Goods Sold 200 | 200

accounts receivable retained earnings profit 150
150 150

accounts payable
cash 600
200
1350 1350

day 9: balance sheet

Income statement
assets equity

car 400 capital 925 sales revenue 550

inventory 200 liabilities 0 Cost Of Goods Sold 400

accounts receivable retained earnings profit 150
150 150
accounts payable
cash 525
200

1350 1350

day 10: balance sheet

Income statement
assets equity

car 400 capital 925 sales revenue 550

inventory 200 liabilities 0 Cost Of Goods Sold 400

accounts receivable retained earnings Rent 40
150 110
profit 110
accounts payable
cash 485
200

Notes 22 mar 2023 3

 assets equity

1310 1310

day 11: balance sheet

assets equity
Income statement

car 400 capital 925 sales revenue 550

inventory 200 liabilities 0 Cost Of Goods Sold 400

accounts receivable retained earnings Rent 40
150 110
profit 110
accounts payable
cash 1085
200
Loan 600

1910 1910

day 12: balance sheet

Income statement
assets equity

car 400 capital 925 sales revenue 550

inventory 200 liabilities 0 Cost Of Goods Sold 400

accounts receivable retained earnings Rent 40
150 80
Insurance 30
accounts payable
cash 1055 profit 80
200
Loan 600

1805 1805

Notes 22 mar 2023 4