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  • Model Answer For Nov 22,2011 2-b

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    Bishoy Emile
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    dg

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    Model Answer for Nov 22,2011 2-b

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    dg

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    43 views2 pages

    Model Answer For Nov 22,2011 2-b

    Uploaded by

    Bishoy Emile
    dg

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Solution of November 2011 (2-b)

    31- balan
    Oct ce

    Cash
    7500
    00
    4000
    0
    1500
    0
    1500
    0
    -9000
    1000
    -5000
    500
    1000
    0
    7175
    00

    land

    buildi
    ng

    600
    00

    40000

    Assets
    =
    Account
    receivable

    liabilities
    office
    equipment

    Notes
    payable

    +
    owner's
    equity
    A/C
    Capit
    payable
    al
    7500
    00

    60000
    15000
    2000
    0

    5000
    2000

    19000
    -3000

    10000
    -5000

    -500

    600
    00

    40000
    6500
    Total assets =840000

    16000

    1000
    0
    7600
    75000
    5000
    00
    Total L + O =840000

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