Transactions shown in tabular form with the accounting equation are as follows:
Assets = Liabilities + Equity
Cash Accounts Supp Equip- Notes Accounts Common Retained
Receivable lies ment Payable Payable Stock Earnings
7/31 $5,200 $3,250 $650 $6,500 $0 $5,460 $8,060 $2,080
8/1 1,430 -1,430
8/4 -3,510 -3,510
8/9 4,680 2,340 7,020
8/15 -910 5,200 4,290
8/19 -3,185 -3,185
8/23 -910 -910
8/26 6,500 6,500
8/31 504 -504
8/31 $9,295 $4,160 $650 $11,700 $6,500 $6,744 $8,060 $4,501
Data:
Beginning balances on July 31:
Cash = $5,200
Accounts receivable = $3,250
Supplies = $650
Equipment = $6,500
Accounts payable = $5,460
Common stock = $8,060
Retained earnings = $2,080
Transaction Analysis:
Aug. 1 Cash $1,430 Accounts Receivable $1,430
Aug. 4 Accounts Payable $3,510 Cash $3,510
Aug. 9 Cash $4,680 Accounts Receivable $2,340 Sales Revenue $7,020
Aug. 15 Office Equipment $5,200 Cash $910 Accounts Payable $4,290
Aug. 19 Salaries Expenses $1,820 Rent Expenses $910 Advertising Expenses $455 Cash $3,185
Aug. 23 Dividend $910 Cash $910
Aug. 26 Cash $6,500 Notes Payable $6,500
Aug. 31 Utilities Expenses $504 Accounts Payable $504
Learn more about the accounting equation at https://brainly.com/question/21862784
