PROBLEMS

100% 43% 57%

2. A. Assets = Liabilities + Owner’s Equity
Beg Balance 6,150,000 2,650,000 3,500,000
Bank Loan 1,500,000 1,500,000 -
Equipment - 750,000
750,000
Payment of liab - 750,000 - 750,000 -
End Balances 6,900,000 3,400,000 3,500,000
100% 49% 51%

100% 48% 52%

B. Assets = Liabilities + Owner’s Equity
Beg Balances 2,200,000 1,050,000 1,150,000
Increase 700,000 300,000 400,000
End Balances 2,900,000 1,350,000 1,550,000
100% 47% 53%

100% 48% 52%

C. Assets = Liabilities + Owner’s Equity
Beg. 1,380,000 660,000 720,000
During 800,000 - 100,000 900,000
End 2,180,000 560,000 1,620,000
100% 26% 74%
 DR

A S S E T S (DR)
MEDICAL OFFICE
3. CASH EQUIPMENT SUPPLIES
a)Initial Investment of the owner 500,000 1,500,000 -
b)Purchase of supplies on account 500,000 1,500,000 15,000
c)Purchase of F&F 5k dp, note 20k 495,000 1,500,000 15,000
d)Additional Investment 495,000 1,500,000 15,000
e)Partial payment of accounts 480,000 1,500,000 15,000
f) Withdrawal of supplies for personal 480,000 1,500,000 14,000

net increase
 DR CR
OWNER'S
A S S E T S (DR) = LIABILITIES + EQUITY
FURNITURE & OFFICE ACCOUNTS NOTES ZOBEL,
FIXTURES EQUIPMENT PAYABLE PAYABLE CAPITAL
- - - - 2,000,000
- - 15,000 - 2,000,000
25,000 - 15,000 20,000 2,000,000
25,000 80,000 15,000 20,000 2,080,000
25,000 80,000 10,000 10,000 2,080,000
25,000 80,000 10,000 10,000 2,079,000

2,099,000 = 2,099,000
4. CLAIRE'S STEP AND SWAY SALOON

ASSETS
a. Rent
Cash Supplies Equipment
Deposit
May
1 500,000
2 - 150,000 150,000
3 68,500
4 - 45,000 245,000
8 - 15,000 15,000
10 - 25,000
19 - 500
25 - 25,000
30 - 100,000
May 31 balances 140,000 14,500 150,000 313,500

b.
CLAIRE'S STEP AND SWAY SA
STATEMENT OF FINANCIAL PO
May 31, 2019
ASSETS
Cash
Supplies
Rent Deposit
Equipment
Furn. & Fixtures
Total Assets
LIABILITIES AND OWNER'S E
Accounts Payable
Eow, Capital
Total Liab and Owner's Equity

GREEN GOLF

ASSETS
5. Furn &
Cash Lease Right Equipment
March Fixtures
 1 500,000
3 250,000
5 no entry
8 no entry
9- 60,000 200,000
10 - 10,000
15 250,000
20 - 215,000 215,000
25 - 130,000
31 95,000 500,000 190,000 215,000

1,000,000

Green Golf Lane

Statement of Financial Position
March 31, 2019
Assets Liabilities & Owner’s E
Loans
Cash 95,000
Payable
Equipment 215,000
Furniture & Ocampo,
190,000
Fixtures Capital
Lease Right 500,000
Total 1,000,000 Total

BERSOZA PLAYHOUSE
Statement of Financial Position
September 30, 2018
ASSETS: Liabilities and Owner's Eq
Cash 21,900 Liabilities:
Accounts Receivable 132,200 Accounts Payable
Props and Costumes 30,000 Salaries Payable
Theater Building 270,000
Lighting Equipment 94,000 Owner's Equity:
Automobile 350,000 Bersoza, Capital
Total 898,100

BERSOZA PLAYHOUSE
Statement of Financial Position
September 30, 2018
ASSETS: Liabilities and Owner's Equity
Cash 16,900 Liabilities:
Accounts Receivable 7,200 Accounts Payable
Props and Costumes 50,000 Salaries Payable
Lighting Equipment 94,000 Notes Payable
Owner's Equity:
Bersoza, Capital
Total 168,100
 LIAB OE
Furn. & Accounts
Notes Payable Eow, Capital
Fixtures Payable

500,000

68,500
200,000

50,000 25,000
- 500
- 25,000
- 100,000
50,000 100,000 - 568,000

668,000 668,000

RE'S STEP AND SWAY SALOON

MENT OF FINANCIAL POSITION REPORT FORM
May 31, 2019
ASSETS
140,000
14,500
150,000
313,500
50,000
668,000
ILITIES AND OWNER'S EQUITY
100,000
568,000
wner's Equity 668,000

LIAB OE
Notes Ocampo,
Loans Payable
Payable Capital
 500,000
250,000

140,000
- 10,000
250,000

- 130,000
- 250,000 750,000

1,000,000

ACCOUNT FORM

abilities & Owner’s Equity

250,000 25%

750,000 75%

1,000,000 100%

OUSE
al Position
2018
abilities and Owner's Equity liab/assets89200/898100
10%
counts Payable 60,000
laries Payable 29,200
Equity 808900/898100
wner's Equity: 89,200 Assets
rsoza, Capital 808,900 = 90%
898,100

liab/assts 10%
equity 90%
OUSE
al Position
2018
wner's Equity
 counts Payable 19,000
laries Payable 29,200
otes Payable 20,000 68,200 41%
wner's Equity:
rsoza, Capital 99,900 59%
168,100