Answer:
<u><em>The bold letters indicate the changes made and the effects of the transactions.
</em></u>
<u><em>Where OE= Owner's Equity
</em></u>
<u><em>AR = Account Receivable
</em></u>
<u><em>R= revenue
</em></u>
<u><em>E= expenses
</em></u>
Asset = Liabilities + Owner's Equity
a <em>Cash = OE</em>
+ 94,000= + 94,000
b Asset = Liabilities + Owner's Equity
Cash + Equipment = OE
+ 94,000 = + 94,000
- 19150 + 1950 =
New
Balance 74,850 + 19150 = 94000
c. Asset = Liabilities + Owner's Equity
Cash+ Equipment = Accounts Payable + OE
74,850 + 19150+ 13,200 = 13,200 + 94000
d. Asset = Liabilities + Owner's Equity
Cash+ Equipment = Accounts Payable + OE
74,850 + 19150+ 13,200 = 13,200 + 94000
<u>-</u><u>11,200 = 11,200</u>
+ 19150+ 13,200 = 2000 + 94000
e Asset = Liabilities + Owner's Equity
Cash+ Equipment = Accounts Payable + OE
74,850 + 19150+ 13,200 = 2000 + 94000
<u>27,000 = 27000 </u>
101,850 +19150+ 13,200 = 2000 + 121,000
f. Asset = Liabilities + Owner's Equity + Revenue
Cash+ Equipment = Accounts Payable + OE + R
101,850 +19150+ 13,200 = 2000 + 121,000 + 7600
<u>7600 .</u>
<u>109450</u>+19150+ 13,200 = 2000 + 121,000 + 7600
g. Asset = Liabilities + Owner's Equity + Revenue
Cash+ Equipment + AR = Accounts Payable + OE + R
<u>101,850 + 32350+ 5100</u><u> </u><u>= 2000 + 121,000 + </u><u>7600 + 5100</u>
<u>101,850 + 32350+ </u><u>5100 </u><u>= 2000 + 121,000 + </u><u>12700</u>
<u />
h. Asset = Liabilities + Owner's Equity + Revenue -Expenses
Cash+ Equipment + AR = Accounts Payable + OE + R- E
1<u>01,850 (- 3400)</u><u>+ 32350+ 5100</u><u> </u><u>= 2000 + 121,000 + 12700- </u><u>3400</u>
98450+ 32350+ 5100 = 2000 + 121,000 + 12700- 3400
i. Asset = Liabilities + Owner's Equity + Revenue -Expenses
Cash+ Equipment + AR = Accounts Payable + OE + R- E
<u>98450( + 2900)</u><u>+ 32350+ </u><u>5100(-2900) </u><u>= 2000 + 121,000 + 12700- 3400</u>
101350 + 32350+ 2200= 2000 + 121,000 + 12700- 3400
j. Asset = Liabilities + Owner's Equity + Revenue -Expenses
Cash+ Equipment + AR + Office Supplies = Accounts Payable + OE + R- E
101350(- 5860) + 32350+ 2200 + 5860= 2000 + 121,000 + 12700- 3400
k. Asset = Liabilities + Owner's Equity + Revenue -Expenses
Cash+ Equipment + AR + Office Supplies = Accounts Payable + OE + R- E
101350 + 32350+ 2200 + 5860= 2000 + 121,000 + 12700- 3400
<u>-8400 -8400</u>
<u>92950</u> + 32350+ 2200 + 5860= 2000 + 121,000 + 12700<u>- 11800</u>