I need to figure out the Balance January 31 and the Complete jobs and bill clients. ave2 ShareDrawPage LayoutFormulasDataReviewView O Tell meInsertE Insert vΣv A A国、2 Wrap Text vE Delete vConditional FormatFormatting as Table StylesSort &FilterFind &SelectAnalyzeDataCellE E E$ v % 9 8 %BIU H AvMerge & Center vE Format vx fx Gas ExpenseMKCDGBMy AssistantAccounting Equation for JanuaryLiabilitiesStockholders' EquityAccounting+Assets%3DEquationBalanced?RetainedAccount titles for REAccountsFeesNotesCommonCash%3DPayable500 +Earnings3031,200|Service RevenueItemReceivablePayableStock100 $Yes903%3DBalance Jan 1Yes1,2001. Complete jobsYes2$(280)|Gas ExpenseYes+(280)2. Purchase gas3. Paid newspaper4. Pay SMM5. Pay friends to do jobs6. Pay W.T. salary7. Partial loan repayment%3D(120) Advertising ExpenseYes2$(164) Scheduling Expense(240) Delivery Expense(400) Salary Expense(120)24$Yes2$+(164)(240)%3DYes$4242$%3DYes%24$(400)%3DYes$(100) +(100)%3DService RevenueNo495+8. Complete jobs and bill clients9. Accrue amount due tO SMMBalance January 31Totals at January 31%3DYes+%3D100No$$4952$400+%3D495$400100+A Accounting EquationA Income & Cash FlowA Additional PracticeReadyMacBook Air

According to accounting equation, assets equal to sum of liabilities and owners' equity.

My Assistant Accounting Equation for January Accounting Equation Balanced? Assets Liabilities Stockholders' Equity %3D Account titles for RE Retained Earnings 303 Accounts Fees Notes Common Cash %3D %3D Item Stock Payable 2$ Receivable Payable 903 500 + 100 $ Yes Balance Jan 1 %24 1,200 Service Revenue Yes 1,200 24 %3D 1. Complete jobs Yes + %3D Yes (280) Gas Expense (120) Advertising Expense (164) Scheduling Expense 24 (280) (120) (164) (240) (400) %3D 2. Purchase gas 3. Paid newspaper 4. Pay SMM 2$ Yes 2$ %3D Yes %$4 (240) Delivery Expense (400) Salary Expense %3D Yes $ 24 5. Pay friends to do jobs 6. Pay W.T. salary 7. Partial loan repayment 8. Complete jobs and bill clients 9. Accrue amount due to SMM Balance January 31 Totals at January 31 %3D Yes %3D Yes 2$ (100) (100)+ %3D Service Revenue No 495 %3D Yes 400 + 100 No 24 2$ 495 %24 %3D 495 =$ 400 100 %3D

My Assistant Accounting Equation for January Accounting Equation Balanced? Assets Liabilities Stockholders' Equity %3D Account titles for RE Retained Earnings 303 Accounts Fees Notes Common Cash %3D %3D Item Stock Payable 2$ Receivable Payable 903 500 + 100 $ Yes Balance Jan 1 %24 1,200 Service Revenue Yes 1,200 24 %3D 1. Complete jobs Yes + %3D Yes (280) Gas Expense (120) Advertising Expense (164) Scheduling Expense 24 (280) (120) (164) (240) (400) %3D 2. Purchase gas 3. Paid newspaper 4. Pay SMM 2$ Yes 2$ %3D Yes %$4 (240) Delivery Expense (400) Salary Expense %3D Yes $ 24 5. Pay friends to do jobs 6. Pay W.T. salary 7. Partial loan repayment 8. Complete jobs and bill clients 9. Accrue amount due to SMM Balance January 31 Totals at January 31 %3D Yes %3D Yes 2$ (100) (100)+ %3D Service Revenue No 495 %3D Yes 400 + 100 No 24 2$ 495 %24 %3D 495 =$ 400 100 %3D

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

I need to figure out the Balance January 31 and the Complete jobs and bill clients.

ave
2 Share
Draw
Page Layout
Formulas
Data
Review
View O Tell me
Insert
E Insert v
Σ
v A A
国、
2 Wrap Text v
E Delete v
Conditional Format
Formatting as Table Styles
Sort &
Filter
Find &
Select
Analyze
Data
Cell
E E E
$ v % 9 8 %
BIU H Av
Merge & Center v
E Format v
x fx Gas Expense
M
K
C
D
G
B
My Assistant
Accounting Equation for January
Liabilities
Stockholders' Equity
Accounting
+
Assets
%3D
Equation
Balanced?
Retained
Account titles for RE
Accounts
Fees
Notes
Common
Cash
%3D
Payable
500 +
Earnings
303
1,200|Service Revenue
Item
Receivable
Payable
Stock
100 $
Yes
903
%3D
Balance Jan 1
Yes
1,200
1. Complete jobs
Yes
2$
(280)|Gas Expense
Yes
+
(280)
2. Purchase gas
3. Paid newspaper
4. Pay SMM
5. Pay friends to do jobs
6. Pay W.T. salary
7. Partial loan repayment
%3D
(120) Advertising Expense
Yes
2$
(164) Scheduling Expense
(240) Delivery Expense
(400) Salary Expense
(120)
24
$
Yes
2$
+
(164)
(240)
%3D
Yes
$4
24
2$
%3D
Yes
%24
$
(400)
%3D
Yes
$
(100) +
(100)
%3D
Service Revenue
No
495
+
8. Complete jobs and bill clients
9. Accrue amount due tO SMM
Balance January 31
Totals at January 31
%3D
Yes
+
%3D
100
No
$
$
495
2$
400
+
%3D
495
$
400
100
+
A Accounting Equation
A Income & Cash Flow
A Additional Practice
Ready
MacBook Air

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