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Asset and Liability Breakdown Exercise

The document contains an accounting exercise with a T-account format listing assets, liabilities, capital, revenues and expenses. It shows cash, office furniture, equipment and accounts receivable as assets and accounts payable, capital, withdrawals and consulting revenue as liabilities and capital. It also lists salaries, rent, utilities and miscellaneous as expenses.

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Allyne Tabares
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8 views4 pages

Asset and Liability Breakdown Exercise

The document contains an accounting exercise with a T-account format listing assets, liabilities, capital, revenues and expenses. It shows cash, office furniture, equipment and accounts receivable as assets and accounts payable, capital, withdrawals and consulting revenue as liabilities and capital. It also lists salaries, rent, utilities and miscellaneous as expenses.

Uploaded by

Allyne Tabares
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

EXERCISE 2-4

A S S E T S =

CASH OFFICE FURNITURE OFFICE EQUIPMENT ACCOUNTS RECEIVABLE


1 150,000
2 (7,500)
3 (26,000) 26,000
4 10,500
5 12,750
6 (27,500) 55,000
7 7,000 (7,000)
8 8,000
9 (32,500)
10 10,250
11 11 500
12 6,000 (6,000)
13 (4,000)
14 (2,250)
15 (10,000)

74,000 34,000 55,000 (250)

TOTAL ASSETS 162,750 =


LIABILITIES + CAPIT
ACCOUNTS PAYABLE BAGAT, CAPITAL BAGAT, WITHDRAWAL CONSULTING REVENUE
150,000

10,500
12,750
27,500

8,000

10,250
115,000

(4,000)

(10,000)

31,500 150,000 (10,000) 148,500

277,750 TOTAL LIABILITIES &


CAPITAL
SALARIES EXPENSES RENT EXPENSES UTILITIES EXPENSES MISCELLANEOUS EXPENSES

(07,500)

(32,500)

(02,250)

(32,500) (07,500) (02,250) 0

TOTAL LIABILITIES & CAPITAL

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