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
<h3>What is a tabular analysis?</h3>
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
