1. To write: The statement showing accounting transactions with balance after each transaction

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Answer 1

Question

Chapter 1, Problem 8APSA

To determine

1. To write:

The statement showing accounting transactions with balance after each transaction

Expert Solution

Explanation of Solution


Cash	Accounts Receivable	Office Supplies	Office Equipment	Office suite	Accounts payable	L.Lopez Capital	L.Lopez withdrawls	Revenue	Expenses
$70,000			$10,000			$80,000
$70,000			$10,000			$80,000
($40,000)				$40,000
$30,000			$10,000	$40,000		$80,000
($15,000)			$15,000
$15,000			$25,000	$40,000		$80,000
		$1,200	$1,700		$2,900
$15,000		$1,200	$26,700	$40,000	$2,900	$80,000
($500)									$500
$14,500		$1,200	$26,700	$40,000	$2,900	$80,000			$500
	$2,800							$2,800
$14,500	$2,800	$1,200	$26,700	$40,000	$2,900	$80,000		$2,800	$500
$4,000								$4,000
$18,500	$2,800	$1,200	$26,700	$40,000	$2,900	$80,000		$6,800	$500
($3,275)							$3,275
$15,225	$2,800	$1,200	$26,700	$40,000	$2,900	$80,000	$3,275	$6,800	$500
$1,800	($1,800)
$17,025	$1,000	$1,200	$26,700	$40,000	$2,900	$80,000	$3,275	$6,800	$500
($700)					($700)
$16,325	$1,000	$1,200	$26,700	$40,000	$2,200	$80,000	$3,275	$6,800	$500
($1,800)									$1,800
$14,525	$1,000	$1,200	$26,700	$40,000	$2,200	$80,000	$3,275	$6,800	$2,300

To determine

2. To calculate:

The Company's net income

Expert Solution

Explanation of Solution

Fundamental Accounting Principles, Chapter 1, Problem 8APSA

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Answer 2

Question

Chapter 1, Problem 8APSA

To determine

1. To write:

The statement showing accounting transactions with balance after each transaction

Expert Solution

Explanation of Solution


Cash	Accounts Receivable	Office Supplies	Office Equipment	Office suite	Accounts payable	L.Lopez Capital	L.Lopez withdrawls	Revenue	Expenses
$70,000			$10,000			$80,000
$70,000			$10,000			$80,000
($40,000)				$40,000
$30,000			$10,000	$40,000		$80,000
($15,000)			$15,000
$15,000			$25,000	$40,000		$80,000
		$1,200	$1,700		$2,900
$15,000		$1,200	$26,700	$40,000	$2,900	$80,000
($500)									$500
$14,500		$1,200	$26,700	$40,000	$2,900	$80,000			$500
	$2,800							$2,800
$14,500	$2,800	$1,200	$26,700	$40,000	$2,900	$80,000		$2,800	$500
$4,000								$4,000
$18,500	$2,800	$1,200	$26,700	$40,000	$2,900	$80,000		$6,800	$500
($3,275)							$3,275
$15,225	$2,800	$1,200	$26,700	$40,000	$2,900	$80,000	$3,275	$6,800	$500
$1,800	($1,800)
$17,025	$1,000	$1,200	$26,700	$40,000	$2,900	$80,000	$3,275	$6,800	$500
($700)					($700)
$16,325	$1,000	$1,200	$26,700	$40,000	$2,200	$80,000	$3,275	$6,800	$500
($1,800)									$1,800
$14,525	$1,000	$1,200	$26,700	$40,000	$2,200	$80,000	$3,275	$6,800	$2,300

To determine

2. To calculate:

The Company's net income

Expert Solution

Explanation of Solution

Fundamental Accounting Principles, Chapter 1, Problem 8APSA

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Answer 3

Question

Chapter 1, Problem 8APSA

To determine

1. To write:

The statement showing accounting transactions with balance after each transaction

Expert Solution

Explanation of Solution


Cash	Accounts Receivable	Office Supplies	Office Equipment	Office suite	Accounts payable	L.Lopez Capital	L.Lopez withdrawls	Revenue	Expenses
$70,000			$10,000			$80,000
$70,000			$10,000			$80,000
($40,000)				$40,000
$30,000			$10,000	$40,000		$80,000
($15,000)			$15,000
$15,000			$25,000	$40,000		$80,000
		$1,200	$1,700		$2,900
$15,000		$1,200	$26,700	$40,000	$2,900	$80,000
($500)									$500
$14,500		$1,200	$26,700	$40,000	$2,900	$80,000			$500
	$2,800							$2,800
$14,500	$2,800	$1,200	$26,700	$40,000	$2,900	$80,000		$2,800	$500
$4,000								$4,000
$18,500	$2,800	$1,200	$26,700	$40,000	$2,900	$80,000		$6,800	$500
($3,275)							$3,275
$15,225	$2,800	$1,200	$26,700	$40,000	$2,900	$80,000	$3,275	$6,800	$500
$1,800	($1,800)
$17,025	$1,000	$1,200	$26,700	$40,000	$2,900	$80,000	$3,275	$6,800	$500
($700)					($700)
$16,325	$1,000	$1,200	$26,700	$40,000	$2,200	$80,000	$3,275	$6,800	$500
($1,800)									$1,800
$14,525	$1,000	$1,200	$26,700	$40,000	$2,200	$80,000	$3,275	$6,800	$2,300

To determine

2. To calculate:

The Company's net income

Expert Solution

Explanation of Solution

Fundamental Accounting Principles, Chapter 1, Problem 8APSA

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Answer 4

Question

Chapter 1, Problem 8APSA

To determine

1. To write:

The statement showing accounting transactions with balance after each transaction

Expert Solution

Explanation of Solution


Cash	Accounts Receivable	Office Supplies	Office Equipment	Office suite	Accounts payable	L.Lopez Capital	L.Lopez withdrawls	Revenue	Expenses
$70,000			$10,000			$80,000
$70,000			$10,000			$80,000
($40,000)				$40,000
$30,000			$10,000	$40,000		$80,000
($15,000)			$15,000
$15,000			$25,000	$40,000		$80,000
		$1,200	$1,700		$2,900
$15,000		$1,200	$26,700	$40,000	$2,900	$80,000
($500)									$500
$14,500		$1,200	$26,700	$40,000	$2,900	$80,000			$500
	$2,800							$2,800
$14,500	$2,800	$1,200	$26,700	$40,000	$2,900	$80,000		$2,800	$500
$4,000								$4,000
$18,500	$2,800	$1,200	$26,700	$40,000	$2,900	$80,000		$6,800	$500
($3,275)							$3,275
$15,225	$2,800	$1,200	$26,700	$40,000	$2,900	$80,000	$3,275	$6,800	$500
$1,800	($1,800)
$17,025	$1,000	$1,200	$26,700	$40,000	$2,900	$80,000	$3,275	$6,800	$500
($700)					($700)
$16,325	$1,000	$1,200	$26,700	$40,000	$2,200	$80,000	$3,275	$6,800	$500
($1,800)									$1,800
$14,525	$1,000	$1,200	$26,700	$40,000	$2,200	$80,000	$3,275	$6,800	$2,300

To determine

2. To calculate:

The Company's net income

Expert Solution

Explanation of Solution

Fundamental Accounting Principles, Chapter 1, Problem 8APSA

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Answer 5

Chapter 1, Problem 8APSA

To determine

1. To write:

The statement showing accounting transactions with balance after each transaction

Expert Solution

Explanation of Solution


Cash	Accounts Receivable	Office Supplies	Office Equipment	Office suite	Accounts payable	L.Lopez Capital	L.Lopez withdrawls	Revenue	Expenses
$70,000			$10,000			$80,000
$70,000			$10,000			$80,000
($40,000)				$40,000
$30,000			$10,000	$40,000		$80,000
($15,000)			$15,000
$15,000			$25,000	$40,000		$80,000
		$1,200	$1,700		$2,900
$15,000		$1,200	$26,700	$40,000	$2,900	$80,000
($500)									$500
$14,500		$1,200	$26,700	$40,000	$2,900	$80,000			$500
	$2,800							$2,800
$14,500	$2,800	$1,200	$26,700	$40,000	$2,900	$80,000		$2,800	$500
$4,000								$4,000
$18,500	$2,800	$1,200	$26,700	$40,000	$2,900	$80,000		$6,800	$500
($3,275)							$3,275
$15,225	$2,800	$1,200	$26,700	$40,000	$2,900	$80,000	$3,275	$6,800	$500
$1,800	($1,800)
$17,025	$1,000	$1,200	$26,700	$40,000	$2,900	$80,000	$3,275	$6,800	$500
($700)					($700)
$16,325	$1,000	$1,200	$26,700	$40,000	$2,200	$80,000	$3,275	$6,800	$500
($1,800)									$1,800
$14,525	$1,000	$1,200	$26,700	$40,000	$2,200	$80,000	$3,275	$6,800	$2,300

To determine

2. To calculate:

The Company's net income

Expert Solution

Explanation of Solution

Fundamental Accounting Principles, Chapter 1, Problem 8APSA

Answer 6

Chapter 1, Problem 8APSA

To determine

1. To write:

The statement showing accounting transactions with balance after each transaction

Expert Solution

Explanation of Solution


Cash	Accounts Receivable	Office Supplies	Office Equipment	Office suite	Accounts payable	L.Lopez Capital	L.Lopez withdrawls	Revenue	Expenses
$70,000			$10,000			$80,000
$70,000			$10,000			$80,000
($40,000)				$40,000
$30,000			$10,000	$40,000		$80,000
($15,000)			$15,000
$15,000			$25,000	$40,000		$80,000
		$1,200	$1,700		$2,900
$15,000		$1,200	$26,700	$40,000	$2,900	$80,000
($500)									$500
$14,500		$1,200	$26,700	$40,000	$2,900	$80,000			$500
	$2,800							$2,800
$14,500	$2,800	$1,200	$26,700	$40,000	$2,900	$80,000		$2,800	$500
$4,000								$4,000
$18,500	$2,800	$1,200	$26,700	$40,000	$2,900	$80,000		$6,800	$500
($3,275)							$3,275
$15,225	$2,800	$1,200	$26,700	$40,000	$2,900	$80,000	$3,275	$6,800	$500
$1,800	($1,800)
$17,025	$1,000	$1,200	$26,700	$40,000	$2,900	$80,000	$3,275	$6,800	$500
($700)					($700)
$16,325	$1,000	$1,200	$26,700	$40,000	$2,200	$80,000	$3,275	$6,800	$500
($1,800)									$1,800
$14,525	$1,000	$1,200	$26,700	$40,000	$2,200	$80,000	$3,275	$6,800	$2,300

Answer 7

Chapter 1, Problem 8APSA

To determine

1. To write:

The statement showing accounting transactions with balance after each transaction

Answer 8

Expert Solution

Explanation of Solution


Cash	Accounts Receivable	Office Supplies	Office Equipment	Office suite	Accounts payable	L.Lopez Capital	L.Lopez withdrawls	Revenue	Expenses
$70,000			$10,000			$80,000
$70,000			$10,000			$80,000
($40,000)				$40,000
$30,000			$10,000	$40,000		$80,000
($15,000)			$15,000
$15,000			$25,000	$40,000		$80,000
		$1,200	$1,700		$2,900
$15,000		$1,200	$26,700	$40,000	$2,900	$80,000
($500)									$500
$14,500		$1,200	$26,700	$40,000	$2,900	$80,000			$500
	$2,800							$2,800
$14,500	$2,800	$1,200	$26,700	$40,000	$2,900	$80,000		$2,800	$500
$4,000								$4,000
$18,500	$2,800	$1,200	$26,700	$40,000	$2,900	$80,000		$6,800	$500
($3,275)							$3,275
$15,225	$2,800	$1,200	$26,700	$40,000	$2,900	$80,000	$3,275	$6,800	$500
$1,800	($1,800)
$17,025	$1,000	$1,200	$26,700	$40,000	$2,900	$80,000	$3,275	$6,800	$500
($700)					($700)
$16,325	$1,000	$1,200	$26,700	$40,000	$2,200	$80,000	$3,275	$6,800	$500
($1,800)									$1,800
$14,525	$1,000	$1,200	$26,700	$40,000	$2,200	$80,000	$3,275	$6,800	$2,300