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Worksheet 1 Accounting Equation Cash

The document records transactions to the accounting equation for a business. It records transactions for cash deposits, revenue received from clients, wages paid to employees, unearned revenue, expenses paid for utilities and supplies. Each transaction balances the accounting equation by increasing or decreasing asset, liability, capital, revenue and expense accounts as needed.

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80 views6 pages

Worksheet 1 Accounting Equation Cash

The document records transactions to the accounting equation for a business. It records transactions for cash deposits, revenue received from clients, wages paid to employees, unearned revenue, expenses paid for utilities and supplies. Each transaction balances the accounting equation by increasing or decreasing asset, liability, capital, revenue and expense accounts as needed.

Uploaded by

Pirvu
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Assets = Liabilities + Owner's Equity

Accounts Accounts Unearned wages


Cash + Receivable + Supplies = Payable + Revenue + Capital + Revenue + Expense +
a. 200,000 + 0 + 0 = 0 + 0 + 200,000 + 0 + 0 +
Bala 200,000 + 0 + 0 = 0 + 0 + 200,000 + 0 + 0 +
b. 20,000 + 0 + 0 = 0 + 0 + 0 + 20,000 + 0 +
Bala 220,000 + 0 + 0 = 0 + 0 + 200,000 + 20,000 + 0 +
c. (1,200) + 0 + 0 = 0 + 0 + 0 + 0 + (1,200) +
Bala 218,800 + 0 + 0 = 0 + 0 + 200,000 + 20,000 + (1,200) +
d. 30,000 + 0 + 0 = 0 + 30,000 + 0 + 0 + 0 +
Bala 248,800 + 0 + 0 = 0 + 30,000 + 200,000 + 20,000 + (1,200) +
e. (1,500) + 0 + 0 = 0 + 0 + 0 + 0 + 0 +
Bala 247,300 + 0 + 0 = 0 + 30,000 + 200,000 + 20,000 + (1,200) +
f. (700) + 0 + 700 = 0 + 0 + 0 + 0 + 0 +
Bala 246,600 + 0 + 700 = 0 + 30,000 + 200,000 + 20,000 + (1,200) +
Record each transactions to the
accounting equation
a. Owner A deposits cash
into the business checking 200,000
account
b. Receive cash from client
20,000
for work done
c. Paid cash to employees 1,200
d. Received cash for work
30,000
that will be done in the
e. Paid cash for utilities 1,500
f. Paid cash for supplies 700
quity Total
Utilities Liabilities
Expense Total Assets = and Equity Net Income
0 200,000 = 200,000 0
0 200,000 = 200,000 0
0 20,000 = 20,000 20,000
0 220,000 = 220,000 20,000
0 (1,200) = (1,200) (1,200)
0 218,800 = 218,800 18,800
0 30,000 = 30,000 0
0 248,800 = 248,800 18,800
(1,500) (1,500) = (1,500) (1,500)
(1,500) 247,300 = 247,300 17,300
0 0 = 0 0
(1,500) 247,300 = 247,300 17,300
Assets = Liabilities + Owner's Equity
Accounts Accounts Unearned wages
Cash + Receivable + Supplies = Payable + Revenue + Capital + Revenue + Expense +
a. + + = + + + + +
Balance + + = + + + + +
b. + + = + + + + +
Balance + + = + + + + +
c. + + = + + + + +
Balance + + = + + + + +
d. + + = + + + + +
Balance + + = + + + + +
e. + + = + + + + +
Balance + + = + + + + +
f. + + = + + + + +
Balance + + = + + + + +
Record each transactions to the
accounting equation
a. Owner A deposits cash
into the business checking 200,000
account
b. Receive cash from client
20,000
for work done
c. Paid cash to employees 1,200
d. Received cash for work
30,000
that will be done in the
e. Paid cash for utilities 1,500
f. Paid cash for supplies 700
quity Total
Utilities Liabilities Net
Expense Total Assets = and Equity Income
0 = 0 0
0 = 0 0
0 = 0 0
0 = 0 0
0 = 0 0
0 = 0 0
0 = 0 0
0 = 0 0
0 = 0 0
0 = 0 0
0 = 0 0
0 = 0 0
Assets = Liabilities + Owner's Equity
Accounts Accounts Unearned wages
Cash + Receivable + Supplies = Payable + Revenue + Capital + Revenue + Expense +
a. + + = + + + + +
Balance + + = + + + + +
b. + + = + + + + +
Balance + + = + + + + +
c. + + = + + + + +
Balance + + = + + + + +
d. + + = + + + + +
Balance + + = + + + + +
e. + + = + + + + +
Balance + + = + + + + +
f. + + = + + + + +
Balance + + = + + + + +

Record each transactions to the


accounting equation
a. Owner A deposits cash
into the business checking 170,000
account
b. Receive cash from client
17,000
for work done
c. Paid cash to employees 1,020
d. Received cash for work
that will be done in the 25,500
future
e. Paid cash for utilities 1,275
f. Paid cash for supplies 595
quity Total
Utilities Liabilities Net
Expense Total Assets = and Equity Income
0 = 0 0
0 = 0 0
0 = 0 0
0 = 0 0
0 = 0 0
0 = 0 0
0 = 0 0
0 = 0 0
0 = 0 0
0 = 0 0
0 = 0 0
0 = 0 0

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