Answer:
Sr. No Particulars Debit Credit
1 Cash $ 45000
Owner's Equity $ 45000
Assets = Liabilities + Owner's Equity
+Cash = +Owner's Equity
+ $45000= + $ 45000
2 Equipment $ 15.000
Cash $15.000
Assets = Liabilities + Owner's Equity
+Cash + Equipment = +Owner's Equity
$45000 (- 15,000) + $15,000= $45000
$30,000 + $15,000= $ 45000
3 Cash $ 4500
Services Revenue $4500
Assets = Liabilities + Owner's Equity + Revenue
+Cash + Equipment = Liabilities +Owner's Equity + Revenue
$30,000( + 4500) + $15,000= $ 45000 + $ 4500
$ 34,500 + $ 15000= $ 45000 + $ 4500
4. Advertising Expense $ 1900
Cash $ 1900
Assets = Liabilities + Owner's Equity + Revenue - Expenses
+Cash + Equipment = Liabilities +Owner's Equity + Revenue - Expenses
$ 34,500 (- $1900) + $ 15000= $ 45000 + $ 4500 -$ 1900
$32600 + $ 15000= $ 45000 + $ 4500 - $1900
5. Supplies $ 1500
Cash $ 1500
Assets = Liabilities + Owner's Equity + Revenue - Expenses
+Cash + Equipment+ Supplies = Liabilities +Owner's Equity + R -Expenses
$32600 (-$1500) + $ 15000 + $1500= $ 45000 + $ 4500 - $1900
<h2 />
<u> Cash </u> <u> Owner's Equity </u>
<h3><u>Debit Credit </u> <u>Debit Credit </u></h3>
OE 45000
Equip 15,000 OE 45,000
R 4500 Adv Exp 1900
Supplies 1500 <u> Bal: $ 45000 </u>
<u> Bal: 31,100 </u> <u> $45,000</u>
<u>49500 49500</u> Balance $ 45000
Bal 31,100
<u> Expenses </u> <u> Equipment </u>
<h3>Debit Credit Debit Credit</h3>
Cash 15000
Bal 15000
Advertising 1900
Balance c/d 1900 <u> </u>
<u> </u>
<u> Supplies </u> <u> Revenue </u>
<h3>Debit Credit Debit Credit</h3>
Cash 1500 Bal $ 1500 Cash $ 4500
Bal $ 4500