Assets: Liabilities: Equity:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:J29
L/Bank interest payable
Dr.
Big Bank
Cr.
Dr.
Big Bank
Cr.
Dr.
Stock
Cr.
75,000
Beg. Balance
Rent expenses
35,000
Beg. Balance
65,000
Beg. Balance
4,000
sales
62,000
Ending Balance
Ending Balance
17,000
inventory
Ending Balance
Note Payable
Cr.
76,000
Dr.
Little Bank
Retained
Cash
Beg. Balance
60,000
Dr.
Earnings
Cr.
Dr
Cr.
Beg. Balance
Little Bank
Beg. Balance
employee payment
20,000
Ending Balance
sales
62,000
10,000
cost of goods sold
16,000
sales
40,000
rent expenses
4,000
wages expenses
23,000
Interest Payable
employee wages
10,000
Ending Balance
27,000
Dr.
Big Bank
Cr.
sales
88,000
Beg. Balance
cost of goods sold
22,000
Accounts
interest payable
600
sales
110,000
Dr.
Receivable
Cr.
Ending Balance
cost of goods sold
28,000
Beg. Balance
wages of employees
B/bank interest payal
LBank interest payal
Ending Balance
23,000
sales
88,000
Interest Payable
600
sales
70,000
Dr.
Little Bank
Cr.
450
Beg. Balance
interest payable
Ending Balance
158,000
450
Ending Balance
Dr.
Inventory
Cr.
Beg. Balance
cost of goods sold
cost of goods sold
cost of goods sold
85,000
16,000
22,000
28,000
additional inventory
17,000
Ending Balance
36,000
Dr.
Cr.
Equipment
60.000
Beg. Balance
Ending Balance
General Journal
General Ledger
Trial Bal and RE Change Rpt
Balance Sheet
Ready
Wyse
DELL

Transcribed Image Text:Assets:
Liabilities:
Equity:
nguirement2
Post ne cn
ounal to the C
Reuirment
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