Financial Accounting - Wiley Plus - Problem 1-2A part b1

2/7/2015 Problem 1­2A (Part Level Submission). Answer

http://edugen.wiley.com/edugen/shared/assignment/test/qanswer.uni?itemid=res_EAT_1288009649515_0_43312014009984234 1/1

Problem 1­2A (Part Level Submission)

Prepare a tabular analysis of the September transactions beginning with August 31 balances. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1­8 for example.)

DONAHUE VETERINARY CLINIC Assets Liabilities Stockholders' Equity

Cash  +  Accounts Receivable  +  Supplies  +  Equipment  = 

Notes Payable  + 

Accounts Payable  + 

Common Stock  + 

Retained Earnings  +  Revenues

 –   Expenses

 –   Dividends

Bal.$ $ $ $ $ $ $ $ $ $ $   1.

  2.

  3.

  4.

  5.

  6.

  7.

 

8.                

$ $ $ $ = $ $ $ $ $ $ $

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Answer CLOSE

10,880 4,280 600 6,000 6,180 14,697 883

(2,682) (2,682)

2,053 (2,053)

(775) 3,016 2,241

3,214 4,309 7,523

(1,959) (1,959)

(2,981) (2,981)

340 (340)

12,912 12,912

20,662 6,536 600 9,016 12,912 6,079 14,697 883 7,523 (3,321) (1,959)