Question

P1-1A On April 1, Julie Spengel established Spengel's Travel Agency. The following trans-

Answer 1

a) The preparation of a tabular analysis of the transactions for Spengel's Travel Agency using the following headings is as follows:

Assets

      Cash    Accounts  Supplies  Equipment  Accounts  Owner's   Owner's

                 Receivable                                       Payable    Capital   Drawings

                   

1. $15,000                                                                          $15,000

2.      (600)                                                                              (600)

3.   (3,000)                                      $3,000

4.                                                                         $700          (700)

5.      (900)                     $900

6.    3,000    $7,000                                                         10,000

7.      (600)                                                                                            (600)

8.      (500)                                                         (500)

9.  (2,500)                                                                         (2500)

10.  4,000    (4,000)

   $13,900  $3,000       $900      $3,000      $200    $21,200       ($600)

Tabular Columns continued:

         Revenues     Expenses

2.                               600

4.                               700

6.          10,000

9.                            2500

Total $10,000    $3,800

What is a tabular analysis?

A tabular analysis of transactions is an accounting-based analysis using tables.  A tabular analysis is a form of quantitative analysis.

b) Based on an analysis of the owner's equity columns, the net income is $6,200.

Net income = $6,200 ($10,000 - $3,800) or ($21,200 - $15,000)

Thus, the determination of the net income or net loss from the owner's equity columns is given as Ending equity + liabilities minus Beginning equity + liabilities (or revenue minus expenses).

Learn more about determining the net income at brainly.com/question/11110287