question jose loder established bronco consulting on august 1 2016 the effect of eac 4279076
Question
Jose Loder established Bronco Consulting on August 1, 2016. The effect of each transaction and the balances after each transaction for August follow:
|
Assets |
=Liabilities |
+ Owners Equity |
||||||||||
|
|
|
Accounts |
|
Accounts |
Jose Loder, |
Jose Loder, |
Fees |
Salaries |
Rent |
Auto |
Supplies |
Misc. |
|
|
Cash |
Receivable |
+ Supplies |
= Payable |
+ Capital |
– Drawing |
+ Earned |
– Expense |
– Expense |
– Expense |
– Expense |
– Expense |
|
a. |
+75,000 |
|
|
|
+75,000 |
|
|
|
|
|
|
|
|
b. |
|
|
+9,000 |
+9,000 |
|
|
|
|
|
|
|
|
|
Bal. |
75,000 |
|
9,000 |
9,000 |
75,000 |
|
|
|
|
|
|
|
|
c. |
+92,000 |
|
|
|
|
|
+92,000 |
|
|
|
|
|
|
Bal. |
167,000 |
|
9,000 |
9,000 |
75,000 |
|
92,000 |
|
|
|
|
|
|
d. |
-27,000 |
|
|
|
|
|
|
|
-27,000 |
|
|
|
|
Bal. |
140,000 |
|
9,000 |
9,000 |
75,000 |
|
92,000 |
|
-27,000 |
|
|
|
|
e. |
-6,000 |
|
|
-6,000 |
|
|
|
|
|
|
|
|
|
Bal. |
134,000 |
|
9,000 |
3,000 |
75,000 |
|
92,000 |
|
-27,000 |
|
|
|
|
f. |
|
+33,000 |
|
|
|
|
+33,000 |
|
|
|
|
|
|
Bal. |
134,000 |
33,000 |
9,000 |
3,000 |
75,000 |
|
125,000 |
|
-27,000 |
|
|
|
|
g. |
-23,000 |
|
|
|
|
|
|
|
|
-15,500 |
|
-7,500 |
|
Bal. |
111,000 |
33,000 |
9,000 |
3,000 |
75,000 |
|
125,000 |
|
-27,000 |
-15,500 |
|
-7,500 |
|
h. |
-58,000 |
|
|
|
|
|
|
-58,000 |
|
|
|
|
|
Bal. |
53,000 |
33,000 |
9,000 |
3,000 |
75,000 |
|
125,000 |
-58,000 |
-27,000 |
-15,500 |
|
-7,500 |
|
i. |
|
|
-6,100 |
|
|
|
|
|
|
|
-6,100 |
|
|
Bal. |
53,000 |
33,000 |
2,900 |
3,000 |
75,000 |
|
125,000 |
-58,000 |
-27,000 |
-15,500 |
-6,100 |
-7,500 |
|
j. |
-15,000 |
|
|
|
|
-15,000 |
|
|
|
|
|
|
|
Bal. |
38,000 |
33,000 |
2,900 |
3,000 |
75,000 |
-15,000 |
125,000 |
-58,000 |
-27,000 |
-15,500 |
-6,100 |
-7,500 |