April 1, Realty. completed the ansac shown on the next page during the month of April: Chapter 2 Accounting Equation, Financial Statements, and Financial Analysis a. Opened a business bank account with a deposit of $24,000 from personal funds. b. Paid rent on office and equipment for the month, $3,600. c. Paid automobile expenses (including rental charge) for the month, $1,350, and miscellane expenses, $600. d. Purchased office supplies on account, $1,200. e. Earned sales commissions, receiving cash, $19,800.

The Trial Balance of Song Hae Kyo Service Center on July 1 2009, list the entity assets, liabilities and owners equity on that date. Balance Account Title Debit Credit Cash .. $ 35,000 Account Receivable.... 4,500 Account Payable . Song Hae Kyo, Capital.. $ 2,000 37,500 Total... ... $ 39,500 $ 39,500 ..... ... During July, the business engaged in the following transactions: a. Borrowed $35,000 from bank and sing note payable in the name of business b. Paid cash $ 25,000 to real estate company to acquire the land c. Performed customer service and received cash $ 3,500 d. Purchase supplies $ 580 on account e. Performed customer service and earned revenue on account $ 7,800 f. Paid $ 1,500 on account g. Paid interest $ 750 h. Paid the following expenses; salaries $ 3,500 ; rent $ 1,500; utilities $ 500 i. Received $ 3,800 on account j. Withdrawal $2,600 for personal use Required : 1. Open the following accounts with the balances indicated, in the ledger of Song Hae Kyo Computer Service…

Based on the following transactions, answer the following questions. i. ii. iii. iv. V. vi. vii. Purchased inventory with a cost of $28,300 on account. Sales on account to customers totalled $54,700. Payments made to employees for wages totalled $19,600. Cash collections from customers settling their accounts totalled $49,500. Invoice received from the utility company for $6,100 is due in 30 days. Payments totalling $19,500 were made to suppliers to settle part of the balance owing to them. Received a deposit of $1,800 from a customer for goods to be delivered next month.

1. Prepare a Classified Statement of Assets & Liabilities as at 30th June 2023 Cash receipts and payments for the year ended 30th June 2023: Cash Receipts: Subscriptions 11,000 Bar sales Hire of function room $ Bank Bar inventory 30,000 5,300 Assets & Liabilities as at $46,300 Subscription in arrears Subscription in advance Bar equipment - at cost Accumulated depreciation bar equipment Bank Loan (Due 30/6/17) Accounts payable (bar) Accrued bar wages Prepaid rent expense Cash Payments: Bar purchases 12,000 Payments to accounts payable Telephone Insurance Cleaner's wages Electricity Bar wages Bank Loan interest Rent paid 1 July 2022 15,000 2,600 220 800 35,000 5,000 16,000 1,000 O 0 $ ? 6,000 900 1,200 1,500 800 5,000 2,900 10,000 $40,300 30 June 2023 2,400 880 270 35,000 6,000 16,000 2,000 100 500