Problem A-15.xlsx

RON’S RENTALS Financial Transaction Worksheet Month of July, 2003 Transaction Number

ASSETS CASH ACCOUNT TRRUCK AND CARS SUPPLIES 1 5000 2 -3000 3000 3 750 4 650 5 1600 6 -700 7 8 9 10

1000 -650 400 -900

-400

LIABILITIES ACCOUNT PAYABLE

OWNER'S EQUITY SANCHES CAPITAL OWNER'S EQUITY EXPLANATION 5000 INITIAL INVESTMENT

750 650 1600 CAR RENTAL -450 RENT -250 WAGES 1000 -650 -900

John Carleo TRANSACTION 1 2 3 4 5 6 7 8 9 10 11

Cash Account Receivable 6500 -1000

ASSETS Answering Service Equipment

Typing Supply On Hand

LIABILITIES Account Payable Notes Payable

4000

3000 925

925

925

-500 425

2750 1250 1350 -70 -290 170 -250 -500 5810

4100

4000 14835

3000

OWNER'S EQUITY Sanches Capital OWNER'S EQUITY EXPLANATION 6500 INITIAL INVESTMENT TYPING SUPPLY 2750 SERVICE RENDERED 1250 ADDITIONAL INVESTMENT 1350 SERVICE RENDERED -70 Telephone Bill -290 SALARY 170 SERVICE RENDERED -250 RENT SUPPLY USED 11410 14835

Income Statement Month Ended August 31, 2014 Revenue Service Rendered Total Revenue Expenses Rent Expenses Wages Expenses Telephone Expenses Total Expenses Net Income

4270 4270

250 290 70 610 3660

Statement Owner Equity Month Ended August 31, 2014 John Carleo, Capital, August 1, 2014 Investment Additional Investment Total

0 6500 1250 7750

John Carleo, Capital, August 31, 2014

7750

Asset Asset Cash Account Receivable Answering Service Equi Typing Supply On Hand Total Asset

Balanced Sheet Liabilities & Owner's Equity Liabilities 5810 Account Payable 4100 Notes Payable 4000 925 Owners Equity Sanches Capital 14835 Total Liabilities & Owner's Equity

425 3000

11410 14835

$1,750 $6,250

$600

$150

$3,750

$750 $6,250

$5,500