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DANILO CABULAY Accounting Equation FAN POOL PREPAID MORTGAGE ACCOUNTS CASH SAILBOATS SYSTEM STRUCTURE LAND INSURANCE PAYABLE PAYABLE CAPITAL 832,000.00 (644,000.00) June 1 832,000.00 Initial Inve June 2 208,000.00 85,000.00 1,440,000.00 400,000.00 1,489,000.00 June 3 (14,800.00) (10,800.00) (32,000.00) (14,800.00) Advertisin June 3 10,800.00 June 3 65,200.00 33,200.00 June 3 3,500.00 3,500.00 Concessior June 3 (3,680.00) Advertisin (6,320.00) Boat renta (924.40) Miscellane 26,325.00 Boat renta 3,680.00 June 3 (6,320.00) (924.40) June 5 June 8 26,325.00 June 9 8,360.00 8,360.00 June 15 (42,000.00) (42,000.00) Salaries sx June 16 (3,680.00) (10,520.00) (3,680.00) June 16 (10,520.00) Withdrawa June 16 8,540.00 8,540.00 June 16 30,430.00 30,430.00 Boat renta June 19 (426.40) (4,800.00) 50,820.00 (426.40) Miscellane June 20 (4,800.00) June 22 50,820.00 Boat renta June 23 (4,520.00) (4,520.00) (840.00) (46,520.00) (4,180.00) (14,200.00) (18,800.00) (4,320.00) (4,520.00) (11,560.00) June 24 (840.00) Utilities ex (46,520.00) Salaries ex June 29 June 30 (4,180.00) June 30 June 30 June 30 (14,200.00) Utilities ex (12,000.00) Interet exp (4,320.00) Utilities ex (6,800.00) une 30 48,520.00 44,000.00 une 30 (11,560.00) Withdraw: 46,320.00 Boat renta une 30 une 30 46,320.00 1,820.00 1,820.00 Concession 116,004.20 325,740.00 93,360.00 1,440,000.00 400,000.00 10,800.00 1,482,200.00 80,600.00 # 823,104.20

DANILO CABULAY Accounting Equation FAN POOL PREPAID MORTGAGE ACCOUNTS CASH SAILBOATS SYSTEM STRUCTURE LAND INSURANCE PAYABLE PAYABLE CAPITAL 832,000.00 (644,000.00) June 1 832,000.00 Initial Inve June 2 208,000.00 85,000.00 1,440,000.00 400,000.00 1,489,000.00 June 3 (14,800.00) (10,800.00) (32,000.00) (14,800.00) Advertisin June 3 10,800.00 June 3 65,200.00 33,200.00 June 3 3,500.00 3,500.00 Concessior June 3 (3,680.00) Advertisin (6,320.00) Boat renta (924.40) Miscellane 26,325.00 Boat renta 3,680.00 June 3 (6,320.00) (924.40) June 5 June 8 26,325.00 June 9 8,360.00 8,360.00 June 15 (42,000.00) (42,000.00) Salaries sx June 16 (3,680.00) (10,520.00) (3,680.00) June 16 (10,520.00) Withdrawa June 16 8,540.00 8,540.00 June 16 30,430.00 30,430.00 Boat renta June 19 (426.40) (4,800.00) 50,820.00 (426.40) Miscellane June 20 (4,800.00) June 22 50,820.00 Boat renta June 23 (4,520.00) (4,520.00) (840.00) (46,520.00) (4,180.00) (14,200.00) (18,800.00) (4,320.00) (4,520.00) (11,560.00) June 24 (840.00) Utilities ex (46,520.00) Salaries ex June 29 June 30 (4,180.00) June 30 June 30 June 30 (14,200.00) Utilities ex (12,000.00) Interet exp (4,320.00) Utilities ex (6,800.00) une 30 48,520.00 44,000.00 une 30 (11,560.00) Withdraw: 46,320.00 Boat renta une 30 une 30 46,320.00 1,820.00 1,820.00 Concession 116,004.20 325,740.00 93,360.00 1,440,000.00 400,000.00 10,800.00 1,482,200.00 80,600.00 # 823,104.20

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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create balance sheet,trial balance and income statement. do it nicely. follow the instructions on attached images.
DANILO CABULAY Accounting Equation FAN POOL PREPAID MORTGAGE ACCOUNTS CASH SAILBOATS SYSTEM STRUCTURE PAYABLE PAYABLE CAPITAL LAND INSURANCE June 1 832,000.00 832,000.00 Initial Inve (644,000.00) (14,800.00) (10,800.00) (32,000.00) June 2 208,000.00 85,000.00 1,440,000.00 400,000.00 1,489,000.00 June 3 (14,800.00) Advertisin June 3 10,800.00 June 3 65,200.00 33,200.00 3,500.00 Concessior (3,680.00) Advertisin (6,320.00) Boat renta (924.40) Miscellane June 3 3,500.00 June 3 3,680.00 (6,320.00) (924.40) June 3 June 5 June 8 26,325.00 26,325.00 Boat renta June 9 8,360.00 8,360.00 (42,000.00) (3,680.00) (10,520.00) June 15 (42,000.00) Salaries sx June 16 (3,680.00) June 16 (10,520.00) Withdrawa June 16 8,540.00 8,540.00 30,430.00 (426.40) (4,800.00) June 16 30,430.00 Boat renta June 19 (426.40) Miscellane June 20 (4,800.00) June 22 50,820.00 50,820.00 Boat renta June 23 (4,520.00) (4,520.00) (840.00) (46,520.00) (4,180.00) (14,200.00) (18,800.00) (4,320.00) (4,520.00) (11,560.00) June 24 (840.00) Utilities ex (46,520.00) Salaries ex June 29 June 30 (4,180.00) June 30 (14,200.00) Utilities ex (12,000.00) Interet exp (4,320.00) Utilities ex June 30 (6,800.00) June 30 June 30 48,520.00 44,000.00 (11,560.00) Withdrawa 46,320.00 Boat renta June 30 June 30 46,320.00 June 30 1,820.00 1,820.00 Concession 116,004.20 325,740.00 93,360.00 1,440,000.00 400,000.00 10,800.00 1,482,200.00 80,600.00 # 823,104.20
Transcribed Image Text:DANILO CABULAY Accounting Equation FAN POOL PREPAID MORTGAGE ACCOUNTS CASH SAILBOATS SYSTEM STRUCTURE PAYABLE PAYABLE CAPITAL LAND INSURANCE June 1 832,000.00 832,000.00 Initial Inve (644,000.00) (14,800.00) (10,800.00) (32,000.00) June 2 208,000.00 85,000.00 1,440,000.00 400,000.00 1,489,000.00 June 3 (14,800.00) Advertisin June 3 10,800.00 June 3 65,200.00 33,200.00 3,500.00 Concessior (3,680.00) Advertisin (6,320.00) Boat renta (924.40) Miscellane June 3 3,500.00 June 3 3,680.00 (6,320.00) (924.40) June 3 June 5 June 8 26,325.00 26,325.00 Boat renta June 9 8,360.00 8,360.00 (42,000.00) (3,680.00) (10,520.00) June 15 (42,000.00) Salaries sx June 16 (3,680.00) June 16 (10,520.00) Withdrawa June 16 8,540.00 8,540.00 30,430.00 (426.40) (4,800.00) June 16 30,430.00 Boat renta June 19 (426.40) Miscellane June 20 (4,800.00) June 22 50,820.00 50,820.00 Boat renta June 23 (4,520.00) (4,520.00) (840.00) (46,520.00) (4,180.00) (14,200.00) (18,800.00) (4,320.00) (4,520.00) (11,560.00) June 24 (840.00) Utilities ex (46,520.00) Salaries ex June 29 June 30 (4,180.00) June 30 (14,200.00) Utilities ex (12,000.00) Interet exp (4,320.00) Utilities ex June 30 (6,800.00) June 30 June 30 48,520.00 44,000.00 (11,560.00) Withdrawa 46,320.00 Boat renta June 30 June 30 46,320.00 June 30 1,820.00 1,820.00 Concession 116,004.20 325,740.00 93,360.00 1,440,000.00 400,000.00 10,800.00 1,482,200.00 80,600.00 # 823,104.20
Using the attached answer prepared the worksheet using the format below: Example: Trial Balance Income Statement Balance Sheet ACCOUNT TITLE DR. CR. Dr. Cr. Dr. Cr. Cash
Transcribed Image Text:Using the attached answer prepared the worksheet using the format below: Example: Trial Balance Income Statement Balance Sheet ACCOUNT TITLE DR. CR. Dr. Cr. Dr. Cr. Cash
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