SOAL K2.3: persamaan akuntansi dan memahami asset,liability dan modal. tingkat kesulitan moderate (time min 60menit)E1-11 Two items are omitted from each of the following summaries of balance sheet and incomestatement data for two proprietorships for the year 2010, Craig Cantrel and Mills Enterprises.Beginning of year:Total assetsTotal liabilitiesTotal owner's equityEnd of year:Total assetsTotal liabilitiesTotal owner's equityChanges during year in owner's equity:Additional investmentDrawingsTotal revenuesTotal expensesInstructionsDetermine the missing amounts.CraigCantrel$ 95,00085,000(a)160,000120,00040,000(b)24,000215,000175,000MillsEnterprises$129,000(c)80,000180,00050,000130,00025,000(d)100,00055,0002ilC Tugas K2Soal k2.1P1-4A Trixie Maye started her own consulting firm, Matrix Consulting, on May 1, 2017.The following transactions occurred during the month of May.May 1 Trixie invested $7,000 cash in the business.2Paid $900 for office rent for the month.Purchased $600 of supplies on account.Paid $125 to advertise in the County News.Received $4,000 cash for services performed.Withdrew $1,000 cash for personal use.Performed $5,400 of services on account.3591215172023Paid $2,500 for employee salaries.Paid for the supplies purchased on account on May 3.Received a cash payment of $4,000 for services performed on account onMay 15.26 Borrowed $5,000 from the bank on a note payable.29 Purchased equipment for $4,200 on account.30Paid $275 for utilities.Instructions(a) Show the effects of the previous transactions on the accounting equation using thefollowing format.AssetsOwner's EquityOwner'sAccountsNotes Accounts Owner'sDate Cash + Receivable + Supplies + Equipment = Payable + Payable + Capital - Drawings + Revenues - Expenses(b) Prepare an income statement for the month of May.(c) Prepare a balance sheet at May 31, 2017.Analyze transactions andprepare financial statements.(LO 3, 4, 5)Liabilities(a) Total assets $20,800(b) Net income $5,600(c) Cash $14,600

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SOAL K2.3: persamaan akuntansi dan memahami asset, liability dan modal. tingkat kesulitan moderate (time min 60 menit) E1-11 Two items are omitted from each of the following summaries of balance sheet and income statement data for two proprietorships for the year 2010, Craig Cantrel and Mills Enterprises. Beginning of year: Total assets D Total liabilities Total owner's equity Craig Cantrel $ 95,000 85,000 (a) Mills Enterprises $129,000 80,000 il

SOAL K2.3: persamaan akuntansi dan memahami asset, liability dan modal. tingkat kesulitan moderate (time min 60 menit) E1-11 Two items are omitted from each of the following summaries of balance sheet and income statement data for two proprietorships for the year 2010, Craig Cantrel and Mills Enterprises. Beginning of year: Total assets D Total liabilities Total owner's equity Craig Cantrel $ 95,000 85,000 (a) Mills Enterprises $129,000 80,000 il

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 19BEA

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