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Modesto Accounting Services

The document shows accounting transactions for assets, liabilities, and owner's equity for a business over multiple periods. It tracks cash, accounts receivable, supplies, equipment, accounts payable, and owner's capital with debits and credits.

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BEA ROSE GWENETH PERALTA
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22 views

Modesto Accounting Services

The document shows accounting transactions for assets, liabilities, and owner's equity for a business over multiple periods. It tracks cash, accounts receivable, supplies, equipment, accounts payable, and owner's capital with debits and credits.

Uploaded by

BEA ROSE GWENETH PERALTA
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

Date Cash + Accounts receivable + Supplies +


Oct-01 800,000
Oct-03
Oct-05 (20,000) 20,000
Oct-09 (40,000)
Oct-13 70,000
Oct-18 (25,000)
Oct-23 30,000 (30,000)
Oct-27 210,000
Oct-30 (35,000)
Oct-31 (45,000)
Oct-31 (150,000)
Balance 725,000 40,000 20,000
0
Liabilities Owner's Equity
Equipment = Accounts Payable + Modesto, Capital
800,000
100,000 100,000

(40,000)
70,000
(25,000)

210,000
(35,000)
(45,000)
(150,000)
100,000 60,000 825,000
885,000 = 885,000
Cash Accounts receivable
Debit Credit Debit
800,000 20,000 70,000
30,000 40,000
210,000 25,000
35,000
45,000
150,000
1,040,000 315,000 70,000
725,000 40,000

Equipment Accounts Payable


Debit Credit Debit
100,000 40,000

40,000

Service income Salaries expense


Debit Credit Debit
70,000 25,000
210,000

Modesto, Drawings Rent expense


Debit Credit Debit
150,000 45,000
Accounts receivable Supplies
Credit Debit Credit
30,000 20,000

30,000 20,000 0
20,000

Accounts Payable Owner's Equity


Credit Debit Credit
100,000 25,000 800,000
35,000 70,000
100,000 45,000 210,000
60,000 150,000
255,000 1,080,000
825,000
Salaries expense Utilities expense
Credit Debit Credit
35,000

Rent expense
Credit

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