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    A S S E T S: Prelim Part 1

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    Allyne Tabares
    The document shows transactions for cash, accounts receivable, supplies, and office equipment from March 1-30. It includes a preliminary balance sheet on March 30 with assets of $123,720, $0 for accounts receivable, $2,850 for supplies, and $72,150 for office equipment for total assets of $198,720. Liabilities were $39,000 for computer software and $26,850 for accounts payable for total liabilities of $65,850. Capital was $210,870 and total liabilities and capital equaled total assets.

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    A S S E T S: Prelim Part 1

    Uploaded by

    Allyne Tabares
    5 views2 pages
    The document shows transactions for cash, accounts receivable, supplies, and office equipment from March 1-30. It includes a preliminary balance sheet on March 30 with assets of $123,720, $0 for accounts receivable, $2,850 for supplies, and $72,150 for office equipment for total assets of $198,720. Liabilities were $39,000 for computer software and $26,850 for accounts payable for total liabilities of $65,850. Capital was $210,870 and total liabilities and capital equaled total assets.

    Original Title

    PRELIM-PART-1

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    The document shows transactions for cash, accounts receivable, supplies, and office equipment from March 1-30. It includes a preliminary balance sheet on March 30 with assets of $123,720, $0 for accounts receivable, $2,850 for supplies, and $72,150 for office equipment for total assets of $198,720. Liabilities were $39,000 for computer software and $26,850 for accounts payable for total liabilities of $65,850. Capital was $210,870 and total liabilities and capital equaled total assets.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    5 views2 pages

    A S S E T S: Prelim Part 1

    Uploaded by

    Allyne Tabares
    The document shows transactions for cash, accounts receivable, supplies, and office equipment from March 1-30. It includes a preliminary balance sheet on March 30 with assets of $123,720, $0 for accounts receivable, $2,850 for supplies, and $72,150 for office equipment for total assets of $198,720. Liabilities were $39,000 for computer software and $26,850 for accounts payable for total liabilities of $65,850. Capital was $210,870 and total liabilities and capital equaled total assets.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 2

    PRELIM PART 1

    A S S E T S
    DATE
    CASH ACCOUNTS RECEIVABLE SUPPLIES OFFICE EQUIPT

    March 01 157,000
    March 02 (15,150) 15,150
    March 03 57,000
    March 07 (15,000)
    March 09 (5,300)
    March 10 5,170
    March 14
    March 16 2,850
    March 17 (3,600)
    March 21 (3,400)
    March 24 21,000
    March 28 (12,000)
    March 30 (5,000)

    123,720 0 2,850 72,150

    TOTAL ASSETS
    S = LIABILITIES + CAPITAL

    COMPUTER SOFTWARE ACCOUNTS PAYABLE GAFRA, CAPITAL EFFECTS OF TRANSACTION


    157,000 SA
    EA
    57,000 SA
    39,000 24,000 UA
    (5,300) UA
    5,170 SA
    3,400 (3,400) EC
    2,850 SA
    (3,600) UA
    (3,400) UA
    21,000 SA
    (12,000) UA
    (5,000) UA

    39,000 26,850 210,870

    237,720 = 237,720

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