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Foa 1 (8 & 9 (20-25) )

The document outlines various accounting transactions recorded on November 30, including supply expenses, cash collections, depreciation, salary expenses, and unearned revenue. It also presents a summary of the accounting equation, showing the relationship between assets, liabilities, and owners' equity. The transactions reflect changes in accounts with specific amounts for each entry.

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Elaman 12
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5 views3 pages

Foa 1 (8 & 9 (20-25) )

The document outlines various accounting transactions recorded on November 30, including supply expenses, cash collections, depreciation, salary expenses, and unearned revenue. It also presents a summary of the accounting equation, showing the relationship between assets, liabilities, and owners' equity. The transactions reflect changes in accounts with specific amounts for each entry.

Uploaded by

Elaman 12
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Nov 30 Supply expense 631 1,505

Supply 126 1,505


( To record supplies
used)
Question 8

Nov 30 Cash 101 49,700


Account receivable 112 49,700
(To record cash
collected on account)

Nov 30 Depreciation expense 711 1,600


Accumulated 158 1,600
depreciation- equipment
(to record annual depreciation)

Nov 30 Salary & wage expense 726 380


Salary & wage 212 380
payable
( to record salaries and
wages)

Nov 30 Unearned revenue 209 700


Service revenue 400 700
( to record the revenue
for the service performed)
Question 9
Asset = Liability + Owners’ equity

Transa- Account = Account + Share


Retained earning

cation Cash + Supply + receivable payable capital + Rev.


+ Exp. + Div.

1) +$2,000 +$2,000

1) - 500
-500

2) -750 +750

3) - -
-

7) +1,000 +1,000

15) +5,400 +5,400

17) -1000 -1,000

20) -2,400 -2,400

22) +850 +850

25) +1,800
+1,800

28) -395 -395

30) +4,200
+4,200

30) -340
-340

30) -850
-850

30) +1,500 -1,500


30) -1,925
-1,925

_____ + _____ + _____ = ______ + ______ + _____ - _____

$6,265 + $675 + $300 + $600 = $850 + $2,000 + $


11,400 - $6,410

$7,840 $7,840

Asset = Liability + Owners’


Equity

Cash Prepaid rent Account Pay. Exp.

3) -600 +600 +2,400 -2,400

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