Problem 3-11 Completing the Accounting Equation (texbook p. 72)
Owner's
Equity
1
2
3
4
5
6
7
8
Cash in Bank
35000
$ 3,000
$ 8,000
$ 4,000
$ 9,000
$ 10,000
$ 6,000
Analyze:
+
+
+
+
+
+
+
+
Assets
Accounts
Receivable
$ 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
=
=
=
=
=
=
11
=
11
=
Liabilities
Accounts
Payable
$ 500.
$ 2,000
$ 1,000
$ 5,000
$ 6,000
$ 1,000
+
+
+
+
+
+
Richard Tang
Capital
7,500
16,000
$15,000
$17,000
+
+
$
$
$32,000
$15,000
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