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    026 Exercise-Part-Four-Pre-Solutions

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    Mi Tv
    The document is a daybook containing accounting transactions recorded between June 1, 2015 and August 20, 2015. It includes T-accounts showing debits and credits to various balance sheet and income statement accounts, as well as a summary balance sheet and income statement. Key transactions include the company receiving an equity investment of $3,000, purchasing property and equipment, incurring costs of goods sold and expenses, and generating revenues from sales.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    026 Exercise-Part-Four-Pre-Solutions

    Uploaded by

    Mi Tv
    36 views7 pages
    The document is a daybook containing accounting transactions recorded between June 1, 2015 and August 20, 2015. It includes T-accounts showing debits and credits to various balance sheet and income statement accounts, as well as a summary balance sheet and income statement. Key transactions include the company receiving an equity investment of $3,000, purchasing property and equipment, incurring costs of goods sold and expenses, and generating revenues from sales.

    Original Description:

    026 Exercise-Part-Four-Pre-Solutions.xlsx

    Original Title

    026 Exercise-Part-Four-Pre-Solutions.xlsx

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    © © All Rights Reserved

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    The document is a daybook containing accounting transactions recorded between June 1, 2015 and August 20, 2015. It includes T-accounts showing debits and credits to various balance sheet and income statement accounts, as well as a summary balance sheet and income statement. Key transactions include the company receiving an equity investment of $3,000, purchasing property and equipment, incurring costs of goods sold and expenses, and generating revenues from sales.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    36 views7 pages

    026 Exercise-Part-Four-Pre-Solutions

    Uploaded by

    Mi Tv
    The document is a daybook containing accounting transactions recorded between June 1, 2015 and August 20, 2015. It includes T-accounts showing debits and credits to various balance sheet and income statement accounts, as well as a summary balance sheet and income statement. Key transactions include the company receiving an equity investment of $3,000, purchasing property and equipment, incurring costs of goods sold and expenses, and generating revenues from sales.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    You are on page 1of 7

    Daybook

    Balance Sheet Income


    Date Account Debit Credit Date
    1 Jun 2015 Equity 3000 26 Jun 2015
    1 Jun 2015 Cash 3000 26 Jun 2015
    10 Jun 2015 PP&E 1000 26 Jun 2015
    10 Jun 2015 Cash 1000 20 Aug 2015
    12 Jun 2015 Raw materials 500 20 Aug 2015
    12 Jun 2015 Cash 250 20 Aug 2015
    12 Jun 2015 Trade Payables 250 20 Aug 2015
    26 Jun 2015 Raw materials 400
    26 Jun 2015 Cash 1200
    26 Jun 2015 Cash 150
    15 Jul 2015 Raw materials 900
    15 Jul 2015 Cash 900
    20 Aug 2015 Cash 2700
    20 Aug 2015 Raw materials 900
    20 Aug 2015 Cash 200
    20 Aug 2015 PP&E 100
    Income Statement
    Account Debit Credit
    Cost of goods sold 400
    Revenues 1200
    Utility expenses 150
    Revenues 2700
    Cost of goods sold 900
    Utility expenses 200
    Depreciation 100
    T-accounts
    Balance Sheet
    Assets Liabilities & Equity

    Cash Equity
    3000 1000 3000
    1200 250
    2700 150
    900
    200
    Trade Payables
    250

    PP&E
    1000 100

    Raw Materials
    500 400
    900 900
    Income Statement
    Liabilities & Equity Expenses

    Cost of goods sold Revenues


    400 1200
    900 2700

    Utility expenses
    150
    200

    Depreciation
    100
    Income
    Balance Sheet
    Income Statement

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