C1 - 33
Business Transactions Business Transactions
Business Transactions Business Transactions
ASSETS
=
OWNER’S EQUITY LIABILITIES
Cash Cash
3,650 3,650
Expenses Expenses
3,650 3,650
e. NetSolutions paid: wages, 2,125; rent, 800; utilities, 450; and miscellaneous, 275.
C1 - 34
Business Transactions Business Transactions
Business Transactions Business Transactions
ASSETS
=
OWNER’S EQUITY LIABILITIES
f. NetSolutions pays 950 to creditors on account.
C1 - 35
Business Transactions Business Transactions
Business Transactions Business Transactions
ASSETS
=
OWNER’S EQUITY LIABILITIES
Cash Cash
950 950
f. NetSolutions pays 950 to creditors on account.
C1 - 36
Business Transactions Business Transactions
Business Transactions Business Transactions
ASSETS
=
OWNER’S EQUITY LIABILITIES
Cash Cash
950 950
Accounts Payable Accounts Payable
950 950
f. NetSolutions pays 950 to creditors on account.
C1 - 37
Business Transactions Business Transactions
Business Transactions Business Transactions
ASSETS
=
OWNER’S EQUITY LIABILITIES
g. At the end of the month, the cost of supplies on hand is 550.
C1 - 38
Business Transactions Business Transactions
Business Transactions Business Transactions
ASSETS
=
OWNER’S EQUITY LIABILITIES
Supplies Supplies
800 800
g. At the end of the month, the cost of supplies on hand is 550.
C1 - 39
Business Transactions Business Transactions
Business Transactions Business Transactions
ASSETS
=
OWNER’S EQUITY LIABILITIES
Supplies Supplies
800 800
Supplies Expense Supplies Expense
800 800
g. At the end of the month, the cost of supplies on hand is 550.
C1 - 40
Business Transactions Business Transactions
Business Transactions Business Transactions
ASSETS
=
OWNER’S EQUITY LIABILITIES
h. Chris Clark withdraws 2,000 in cash.
C1 - 41
Business Transactions Business Transactions
Business Transactions Business Transactions
ASSETS
=
OWNER’S EQUITY LIABILITIES
Cash Cash
2,000 2,000
h. Chris Clark withdraws 2,000 in cash.
