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Assets Liability Owner's Equity + Account Account + Owner's - Owner's

This document shows the accounting equation for a business' balance sheet over 10 periods. It tracks changes in the business' assets, liabilities, and owner's equity through entries recording revenues, expenses, withdrawals, and various cash transactions. The balance sheet balances each period by maintaining the accounting equation that assets must equal the sum of liabilities and owner's equity.

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Abd Jabbar
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294 views4 pages

Assets Liability Owner's Equity + Account Account + Owner's - Owner's

This document shows the accounting equation for a business' balance sheet over 10 periods. It tracks changes in the business' assets, liabilities, and owner's equity through entries recording revenues, expenses, withdrawals, and various cash transactions. The balance sheet balances each period by maintaining the accounting equation that assets must equal the sum of liabilities and owner's equity.

Uploaded by

Abd Jabbar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Assets Liability Owner's Equity

+ Account = Account + Owner's - Owner's


Cash + Supplies + Equipment + Revenues - Expenses
Receivable Payable Capital Drawing
[1]
[2]
[3]
[4]
[5]
[6]
[7]
[8]
[9]
[10]
Assets Liability Owner's Equity
+ Account = Account + Owner's - Owner's
Cash + Supplies + Equipment + Revenues - Expenses
Receivable Payable Capital Drawing
[1] $ 15,000.00 $ 15,000.00
[2] $ -7,000.00 $ 7,000.00
[3] $ 1,600.00 $ 1,600.00
[4] $ 1,200.00 $ 1,200.00 Service Revenue
[5] $ 250.00 $ -250.00 Advertisment Exp.
[6] $ 1,500.00 $ 2,000.00 $ 3,500.00 Service Revenue
[7] $ -1,700.00 $ -600.00 Office Rent
$ -900.00 Salary
$ -200.00 Utilities
[8] $ -250.00 $ -250.00
[9] $ 600.00 $ -600.00
[10] $ -1,300.00 $ -1,300.00
$ 8,050.00 $ 1,400.00 $ 1,600.00 $ 7,000.00 $ 1,600.00 $ 15,000.00 $ -1,300.00 $ 4,700.00 $ -1,950.00
$ 18,050.00 $ 18,050.00
Assets Liability Owner's Equity
+ Account = Account + Owner's - Owner's
Cash + Supplies + Equipment + Revenues - Expenses
Receivable Payable Capital Drawing
[1] $ 25,000.00 $ 25,000.00
[2] $ 7,000.00 $ 7,000.00
[3] $ 8,000.00 $ 8,000.00 Service Revenue
[4] $ -850.00 $ -850.00
[5] $ -1,000.00 $ -1,000.00
$ 31,150.00 - - $ 7,000.00 $ 7,000.00 $ 25,000.00 $ -1,000.00 $ 8,000.00 $ -850.00
$ 38,150.00 $ 38,150.00
Assets Liability Owner's Equity
+ Account = Account + Owner's - Owner's
Cash + Supplies + Equipment + Revenues - Expenses
Receivable Payable Capital Drawing
[1] $ 10,000.00
[2] $ 8,000.00
[3] $ 36,000.00 Service Revenue
[4] $ -11,000.00 Rent
[5] $ 2,000.00
[6] $ -4,000.00 Utilities
[7] $ 9,000.00
[8] $ -7,000.00 Salaries & Wages
[9] $ 16,500.00 Notes Payable
[10] $ -5,000.00

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