Problem 3-10
Describing Business Transactions 1. The owner invested $30,000 in the business.

2. 3. 4. 5. 10. Analyze: 6. 7. 8. 9. Problem

3-11
Completing the Accounting Equation Assets Accounts Receivable 1 2 3 4 5 6 7 8 Cash in Bank $ 3,000 $ 8,000 $ 4,000 $ 9,000 $ 10,000 $ 6,000 Analyze: + + + + + + + + $ 2,000 $ 9,000 $ 1,000 $ 7,000 $ 14,000 $ 4,000 $ 5,000 + + + + + Business Equipment $ 1,000 + $ 10,000 $ 4,000 $ 6,000 $ 10,000 + $ 9,000 = = = = Liabilities Accounts Payable $ 500 $ 2,000 $ 1,000 $ 5,000 $ 6,000 $ 1,000 + + + + + + + + Owner's Equity Richard Tang, Capital $ 7,500 $ 16,000 $ 15,000 $ 17,000 $ 32,000 $ 15,000​