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CH 4 Anna

The document shows the trial balance and balance sheet for Antonelli's Accounting Services on October 31st. It lists assets like cash, accounts receivable, supplies, and equipment along with liabilities such as accounts payable to vendors and a bank loan. The fundamental accounting equation is verified with total assets equaling total liabilities plus owner's equity.

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matt.yu666
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128 views8 pages

CH 4 Anna

The document shows the trial balance and balance sheet for Antonelli's Accounting Services on October 31st. It lists assets like cash, accounts receivable, supplies, and equipment along with liabilities such as accounts payable to vendors and a bank loan. The fundamental accounting equation is verified with total assets equaling total liabilities plus owner's equity.

Uploaded by

matt.yu666
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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ASSETS LIABILITIES

ANTONELLI'S
ACCOUNTING A/R A/R Total A/P A/P
SERVICES Cash Jones TravelF. Leonel Supplies Equipment Assets Best Offices
Eastside News
Bank Loan
Beginning 275 300 350 700 900 2 525 175 500
Transaction 1 2 000 4 525 2 000
Transaction 2 -1 300 1 300 4 525
Transaction 3 200 - 200 4 525
Transaction 4 150 - 900 3 775
Transaction 5 500 4 275
Transaction 6 225 4 500 225
Transaction 7 - 50 4 450 - 50
Transaction 8 - 600 3 850
Transaction 9 - 225 3 625 - 225
Transaction 10 200 500 4 325
Transaction 11 - 152 4 173 - 152
Transaction 12 4 173 360
Ending 548 600 850 875 1 300 4 173 198 360 2 275
Fundamental Accounting Equation Verification
Assets = Liabilities + Equity
$4 173 = $2 833 + $1 340
$4 173 = $4 173

Page
OWNER’S
EQUITY
Total A. Antonelli, Total Zero
Liabilities Capital Equity Proof
675 1 850 1 850 0
2 675 1 850 0
2 675 1 850 0
2 675 1 850 0
2 675 - 750 1 100 0
2 675 500 1 600 0
2 900 1 600 0
2 850 1 600 0
2 850 - 600 1 000 0
2 625 1 000 0
2 625 700 1 700 0
2 473 1 700 0
2 833 - 360 1 340 0
2 833 1 340 1 340 0

Page
Antonelli's Accounting Services October 31, 20—
ASSETS

Bank A/R—Jones Travel A/R—F. Leonel


Dr Cr Dr Cr Dr Cr
275 300 350

275

Supplies Equipment
Dr Cr Dr Cr
700 900

L I A B I L I T I E S and E Q U I T Y

A/P—Best Offices A/P—Eastside News Bank Loan


Dr Cr Dr Cr Dr Cr
175 500

A. Antonelli, Capital
Dr Cr
1 850

EQUATION EQUALITY CHECK


ASSETS =
275

275 =
275
TION EQUALITY CHECK
LIABILIT + EQUITY
0 0

0
Antonelli's Accounting Services
Trial Balance
October 31, 20—

Debits Credits
Bank
A/R—Jones Travel
A/R—F. Leonel
Supplies
Equipment
A/P—Best Offices
A/P—Eastside News
Bank Loan
A. Antonelli, Capital
Antonelli's Accounting Services
Balance Sheet
October 31, 20—

Assets Liabilities
Bank Accounts Payable
Accounts Receivable — Best Offices
— Jones Travel — Eastside News
— F. Leonel Bank Loan
Supplies Total Liabilities $ -
Equipment
Owner's Equity
A. Antonelli, Capital
Total Assets $ - Total Liabilities and $ -

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