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. | | | Assets | | = | Liabilities | + | | Owner's Equity | |
. | | Cash | Office Supplies | Office Equipment | | Accounts Payable | | Capital | Revenue | Expenses |
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. | (a) James invested $9,000 cash in the firm. | 9,000.00 | | | | | | 9,000.00 | | |
. | (b) Purchased supplies on credit, $1450. | | 1,450.00 | | | 1,450.00 | | | | |
. | (c) Purchased equipment on credit, $4800 | | | 4,800.00 | | 4,800.00 | | | | |
. | (d) Paid rent for the month of April, $700 | 700.00 | | | | | | | | 700.00 |
. | (e) Received cash for services on credit, $425 | 425.00 | | | | | | | 425.00 | |
. | (f) Performed shoe service on credit, $650 | 650.00 | | | | | | | 650.00 | |
. | (g) Paid half of the liability for supplies. | | | | | | | | | |
. | (h) Paid $1500 on the liability for equipment. | 1,500.00 | | | | 1,500.00 | | | | |
. | (i) Received cash for services performed, $390. | 390.00 | | | | | | | 390.00 | |
. | (j) Withdrew $500 cash for personal use. | 500.00 | | | | | | 500.00 | | |
. | (k) Paid utilities expense on April, $350 | 350.00 | | | | | | | | 350.00 |
. | (l) Collected $200 of the revenue earned in (f) | 200.00 | | | | | | | 200.00 | |
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. | | 13,515.00 | 1,450.00 | 4,800.00 | | 7,750.00 | | 9,500.00 | 1,465.00 | 1,050.00 |