1.

Assets

1-Oct
2-Oct
8-Oct
10Oct
16Oct
20Oct
25Oct
28Oct
30Oct
31Oct

Cash
4000
0
2800
0
3000

land

equipment

office
supplies

Account
receivable

=
Prepaid
insurance

liabilities

Unearned revenue

owner's equity
Notes
A/C
payable
payable

280
00
12000

9000
800

800

2000

2000

1000

4000

4000
2500
1000
1000
1150
0

-4000

1000
280
00

12000

800
Total assets =53300

1000

2000

9000
Total L + O =53300

800

3.
Date
Explanation
1-Oct cash
capital
2-Oct Land
Cash
8-Oct Equipment
notes payable
cash
10-Oct office supplies
A/C payable
16-Oct Cash
unearned
revenue
20-Oct Cash
A/C receivable
Service
revenue
25-Oct cash
A/C receivable

Dr

Cr
40000
40000
28000
28000
12000
9000
3000
800
800
2000
2000
1000
4000
5000
4000
4000

Wages
28-Oct expenses
cash
withdraw
30-Oct Expenses
cash
Prepaid
31-Oct insurance
cash

2500
2500
1000
1000
1000
1000

4.

Cash
Dr
40000

Cr

Dr

28000
3000

2000
1000
4000
2500
1000
1000
47000
35500
11500 Debit balance

A/C payable
Cr
800
800
800 credit balance