EXERCISE 2-5

A S S E T S

CASH CLEANING SUPPLIES SERVICE VEHICLE ACCOUNTS RECEIVABLE

OCT. 1, 2020 250,000

OCT. 1, 2020 (25,000)
OCT. 2, 2020 45,000
OCT. 5, 2020 500,000
OCT. 6, 2020 120,000
OCT. 9, 2020 (15,000)
OCT. 13, 2020 325,000
OCT. 15, 2020 (12,000)
OCT. 16, 2020 (64,000)
OCT. 20, 2020 215,000 (215,000)
OCT. 23, 2020 (75,000)

394,000 45,000 500,000 110,000

TOTAL ASSETS 1,049,000

= LIABILITIES + C
ACCOUNTS PAYABLE + NOTES PAYABLE HUNT, CAPITAL

250,000

45,000
500,000

(15,000)

30,000 500,000 250,000

= 1,273,000 TOTAL LIABILITIES & CAPITAL

 CAPITAL
HUNT, WITHDRAWAL CLEANING REVENUE SALARIES EXPENSES UTILITIES EXPENSES

(25,000)

120,000

325,000
(12,000)
64,000

(75,000)

(75,000) 445,000 64,000 (37,000)

ES & CAPITAL