Accounting Equation (Worksheet and Answer)

Robert Accounting Company has the following Account balances: Cash, $5,000; Account Receivable, $2,000; Prepaid Rent, $1,500; Supplies, $850; Equipment, $6000; Trucks, $15,000; Account Payable, $2,500; Capital, $27850.

Business transaction during December are presented as follows:

1. Company received cash from clients for services, $4,500
2. Robert paid to creditors $500
3. Paid office rent the month of December, $750
4. Company billed client for accounting services on account, $5,200
5. Supplies were purchased on account, $650
6. Company received cash from client billed previously $6000
7. Robert received an invoice for office equipment repair services from Office Extra for December (the invoice will be paid next month) $850
8. Robert paid monthly salaries $ 2,700
9. Utilities expense were paid, $280
10. Miscellaneous expense were paid, $350
11. Borrowed $50,000 from the bank by signing a note payable
12. Purchase equipment by paying cash for $25,000
13. Paid January rent of $2,400 for the office space (hint: since this is for January, record as rent expense)
14. Performed services for customers and received cash immediately for $8,000
15. Purchased $2,000 in supplies on account.

Baca juga : Jurnal Penyesuaian

Answer

                                                                                                                                                ($)

No	Activa						Passiva
	Cash	Account Receivable	Prepaid Rent	Supplies	Equipment	Tucks	Account Payable	Capital
	5,000	2,000	1,500	850	6000	15,000	2,500	27,850
1.	4,500							4,500
2.	(500)						(500)
3.	(750)							(750)
4.		5,200						5,200
5.				650			650
7.					850		850
8.	(2,700)							(2,700)
9.	(280)							(280)
10.	(350)							(350)
11.	50,000						50,000
12.	(25,000)				25,000
13.	(2,400)							(2,400)
14.	8,000							8,000
15.				2,000			2,000
	35,520	7,200	1,500	3,500	31,850	15,000	55,500	39,070
	94,570						94,570

Baca juga :Persamaan Dasar akuntansi