Respuesta :
Answer:
Asset = Liabilities + Owner's Equity
a Cash = Pat Glenn
+ 25,000= + 25,000
b Cash + Office Supplies = Accounts Payable
+ 1850 = + 1850
New
Balance 25000 + 1850= + 1850
2650 = + 1850 25000
2650
c. Cash+ Office Supplies = Accounts Payable
25000 - 1200 + 1850 = -1200 + 1850 + 25000
25650 = 25650
d. Commission+Cash+ Office Supplies = Accounts Payable Revenue
+ 41,500 + 23800 + 1850= 650 + 25000 + 41,500
65300 + 1850 = 650 + 25000 + 41,500
67150 = 67150
e. Rent +Cash+ Office Supplies = Accounts Payable+ OE + R - E
- 3600 +65300 + 1850 = 650 + 25000 + 41,500 - 3600
61700 + 1850 = 650 + 25000 + 41,500 - 3600
63550 = 63550
f. Cash +Office Supplies = Accounts Payable+ OE + R - E
- 4000+ 61700 + 1850= 650 + 25000( -4000) + 41,500 - 3600
59550 = 59550
g. Cash +Office Supplies = Accounts Payable+ OE + R - E
-7050 + 61700 + 1850 = 650 + 25000( -4000) + 41,500 -6650
-8650 + 61700 + 1850 = 650 + 25000( -4000) + 41,500 -8250
54900= 54900
h. Cash +Office Supplies = Accounts Payable+ OE + R - E
- 13650 + 61700 + 1850= 650 + 25000( -4000) + 41,500 -13250
49,900= 49,900
where
OE= Owner's Equity = $ 25000
Drawings are subtracted from OE= 25000- 4000
R= Revenues
E= Expenses