Accounting Equation
Accounting Equation
Accounting Equation
DEBTOR
1
$30,000.00
Balance $30,000.00
SUPPLIES
2
Balance
$9,000.00
$39,000.00
-$12,000.00
$39,000.00
$15,000.00
$54,000.00
-$5,000.00
$49,000.00
$12,000.00
$61,000.00
Balance
Balance
Balance
Balance
7
Balance
$12,000.00
$19,000.00
$80,000.00
-$3,700.00
$76,300.00
-$4,000.00
$72,300.00
$32,300.00
Balance
Balance
EQUIPMENT
$19,000.00
$9,000.00
$12,000.00
ASSET
Liabilitie
Creditors
Total Liabilities
Equity
Share Capital
Retained Earning
Total Equity
Total Liabilities and Equity
CREDITOR
$0.00
SHAREHOLDER'S EQUITY
$30,000.00
$30,000.00
$9,000.00
$9,000.00
$30,000.00
$9,000.00
$30,000.00
$9,000.00
$15,000.00
$45,000.00
-$5,000.00
$4,000.00
$45,000.00
$12,000.00
$16,000.00
$45,000.00
$16,000.00
$19,000.00
$64,000.00
$16,000.00
-$3,700.00
$60,300.00
$16,000.00
$16,000.00
-$4,000.00
$56,300.00
$56,300.00
LIABILITIES
EQUITY
$56,300.00
$72,300.00
CASH
DEBTOR
SUPPLIES
EQUIPMENT
$50,000.00
1
Balance
$50,000.00
2
Balance
$23,000.00
$73,000.00
3
Balance
$25,000.00
$98,000.00
$16,000.00
Balance
$114,000.00
Balance
5 -$10,000.00
$114,000.00
6
Balance
-$12,300.00
$101,700.00
-$9,000.00
$92,700.00
-$1,700.00
$91,000.00
-$2,000.00
$89,000.00
Balance
Balance
Balance
$10,000.00
ASSET
$300.00
$13,700.00
=
$0.00
$75,000.00
Liabilitie
Creditors
Total Liabilities
Equity
Share Capital
Retained Earning
Total Equity
Total Liabilities and Equity
CREDITOR
$0.00
SHAREHOLDER'S EQUITY
$50,000.00
$50,000.00
$0.00
$23,000.00
$73,000.00
$25,000.00
$25,000.00
$73,000.00
$25,000.00
$16,000.00
$89,000.00
$25,000.00
$89,000.00
-$12,300.00
$12,700.00
$89,000.00
$12,700.00
-$9,000.00
$80,000.00
$12,700.00
-$1,700.00
$78,300.00
$12,700.00
-$2,000.00
$76,300.00
LIABILITIES
12700
EQUITY
76300
h 31,20XX
$300.00
$13,700.00
$0.00
$75,000.00
$89,000.00
$12,700.00
$12,700.00
$50,000.00
$26,300.00
$76,300.00
$89,000.00
CASH
DEBTOR
1 $50,000.00
Balance $50,000.00
SUPPLIES EQUIPMENT
2
Balance
$40,000.00
$90,000.00
3
Balance
$30,000.00
$120,000.00
4
Balance
$15,000.00
$135,000.00
$18,000.00
$153,000.00
-$3,000.00
$153,000.00
Balance
Balance
$3,000.00
7 -$10,000.00
Balance $143,000.00
8
-$6,000.00
$137,000.00
-$5,000.00
$137,000.00
Balance
Balance
$5,000.00
10 -$10,000.00
Balance $127,000.00
11
Balance
-$5,000.00
$122,000.00
ASSET
$59,000.00
15000
=
3000
45000
Liabilitie
Creditors
Total Liabi
Equity
Share Capital
Retained Earning
Total Equi
Total Liabilities and Equity
CREDITOR
$0.00
SHAREHOLDER'S EQUITY
$50,000.00
$50,000.00
$40,000.00
$40,000.00
$50,000.00
$30,000.00
$70,000.00
$50,000.00
$15,000.00
$85,000.00
$50,000.00
$85,000.00
$18,000.00
$68,000.00
$85,000.00
$68,000.00
$85,000.00
-$10,000.00
$58,000.00
$85,000.00
-$6,000.00
$52,000.00
$85,000.00
$52,000.00
-$10,000.00
$75,000.00
$52,000.00
$75,000.00
-$5,000.00
$47,000.00
LIABILITIES
75000
EQUITY
47000
gust 31,20XX
$59,000.00
$15,000.00
$3,000.00
$45,000.00
$122,000.00
$75,000.00
$75,000.00
$50,000.00
-$3,000.00
$47,000.00
$122,000.00
CASH
DEBTOR
SUPPLIES
EQUIPMENT
$20,000.00
$7,000.00
$10,000.00
$30,000.00
$67,000.00
Opening
Balance
1
Balance
$29,000.00
$96,000.00
-$2,500.00
$93,500.00
$14,000.00
$107,500.00
$26,000.00
$107,500.00
Balance
Balance
Balance
-$26,000.00
5
Balance
$11,000.00
$118,500.00
-$3,000.00
$115,500.00
-$1,300.00
$114,200.00
Balance
Balance
8
Balance
9
Balance
$2,800.00
$117,000.00
$15,000.00
$132,000.00
10 -$16,000.00
Balance $132,000.00
$16,000.00
11 -$12,000.00
Balance $120,000.00
ASSET
$40,200.00
$36,000.00
=
$11,000.00
$32,800.00
Supplies
Equipment
Total Asset
Liabilitie
Creditors
Total Liabilities
Equity
Share Capital
Retained Earning
Total Equity
Total Liabilities and Equity
CREDITOR
$9,000.00
$9,000.00
SHAREHOLDER'S EQUITY
$58,000.00
$58,000.00
$9,000.00
$29,000.00
$87,000.00
$9,000.00
-$2,500.00
$84,500.00
$9,000.00
$14,000.00
$98,500.00
$9,000.00
$98,500.00
$11,000.00
$20,000.00
$98,500.00
-$3,000.00
$17,000.00
$98,500.00
$17,000.00
-$1,300.00
$97,200.00
$2,800.00
$19,800.00
$97,200.00
$15,000.00
$34,800.00
$97,200.00
$34,800.00
$97,200.00
$34,800.00
-$12,000.00
$85,200.00
LIABILITIES
34800
EQUITY
85200
e 30,20XX
$40,200.00
$36,000.00
ASSET
Cash
A/C Receivable
Office Supplies
Office Eqp
$11,000.00
$32,800.00
$120,000.00
$34,800.00
$34,800.00
$58,000.00
$27,200.00
$85,200.00
$120,000.00
$20,000.00
$7,000.00
$10,000.00
$30,000.00
LIABILITIES
Creditor
$9,000.00
EQUITY
Capital
$58,000.00
CASH
DEBTOR
SUPPLIES EQUIPMENT
$10,000.00
$5,000.00 $1,000.00 $35,000.00
$10,000.00
$5,000.00 $1,000.00 $35,000.00
Opening Bal
Balance
1
-$1,800.00
$8,200.00
$1,800.00
$5,000.00 $2,800.00 $35,000.00
$8,200.00
$59,900.00
$64,900.00 $2,800.00 $35,000.00
-$3,000.00
$5,200.00
$3,000.00
$64,900.00 $2,800.00 $38,000.00
4
Balance
$20,000.00
$25,200.00
Balance
5 -$11,000.00
$14,200.00
Balance
2
Balance
Balance
-$1,100.00
$13,100.00
$4,000.00
$17,100.00
-$4,000.00
$60,900.00 $2,800.00 $38,000.00
$17,100.00
$20,000.00
$60,900.00 $2,800.00 $58,000.00
Balance
$56,400.00
$73,500.00
-$56,400.00
$4,500.00 $2,800.00 $58,000.00
Balance
10 -$28,000.00
$45,500.00
Balance
7
Balance
8
Balance
9
11
Balance
-$6,750.00
$38,750.00
ASSET
Supplies
Equipment
Total Asse
Liabilitie
Creditors
Total Liabi
Equity
Share Capital
Retained Earning
Total Equi
Total Liabilities and Equity
CREDITOR
$13,300.00
$13,300.00
SHAREHOLDER'S EQUITY
$37,700.00
$37,700.00
$13,300.00
$37,700.00
$13,300.00
$59,900.00
$97,600.00
$13,300.00
$97,600.00
$13,300.00
$20,000.00
$117,600.00
-$11,000.00
$2,300.00
$117,600.00
$2,300.00
-$1,100.00
$116,500.00
$2,300.00
$116,500.00
$20,000.00
$22,300.00
$116,500.00
$22,300.00
$116,500.00
$22,300.00
-$28,000.00
$88,500.00
$22,300.00
-$6,750.00
$81,750.00
LIABILITIES
EQUITY
arch 31,20XX
$38,750.00
$4,500.00
Cash
Amount Receivable
Comp Supplies
Off Equip
$2,800.00
$58,000.00
$104,050.00
$22,300.00
$22,300.00
$37,700.00
$44,050.00
$81,750.00
$104,050.00
10000
5000
1000
35000
Creditor
13300
Share Capital
Retained Earnings
24500
13200
Balance
CASH
DEBTOR
1 $50,000.00
$50,000.00
Balance
2 -$15,000.00
$35,000.00
3
Balance
$25,000.00
$60,000.00
SUPPLIES
$0.00
EQUIPMENT
$0.00
$0.00
$0.00
$0.00
$15,000.00
$15,000.00
$0.00
$0.00
$15,000.00
$15,000.00
4
Balance
$60,000.00
$0.00
$3,000.00
$3,000.00
Balance
5 -$12,500.00
$47,500.00
$0.00
$3,000.00
$15,000.00
-$5,000.00
$42,500.00
$0.00
$3,000.00
$15,000.00
-$1,500.00
$41,000.00
$0.00
$3,000.00
$15,000.00
$29,000.00
$70,000.00
$0.00
$3,000.00
$15,000.00
$500.00
$70,500.00
$0.00
-$500.00
$2,500.00
$15,000.00
6
Balance
7
Balance
8
Balance
9
Balance
ASSET
Liabilitie
Creditors
Total Liabilities
Equity
Share Capital
Retained Earning
Total Equity
CREDITOR
$0.00
SHAREHOLDER'S EQUITY
$50,000.00
$50,000.00
$0.00
$50,000.00
$25,000.00
$25,000.00
$50,000.00
$3,000.00
$28,000.00
$50,000.00
$28,000.00
-$12,500.00
$37,500.00
$28,000.00
-$5,000.00
$32,500.00
-$1,500.00
$26,500.00
$32,500.00
$26,500.00
$29,000.00
$61,500.00
$26,500.00
$61,500.00
LIABILITIES
EQUITY
t, March 31,20XX
$70,500.00
$0.00
$2,500.00
$15,000.00
$88,000.00
$26,500.00
$26,500.00
$50,000.00
$11,500.00
$61,500.00
$88,000.00
$0.00
$0.00
EQUIPMENT
$0.00
$0.00
$0.00
$0.00
$25,000.00
$75,000.00
$0.00
$0.00
$0.00
$75,000.00
$14,000.00
$14,000.00
$0.00
$0.00
Balance
-$5,000.00
$70,000.00
$14,000.00
$0.00
$0.00
Balance
5 -$20,000.00
$50,000.00
$14,000.00
$0.00
$20,000.00
$20,000.00
$50,000.00
$14,000.00
$3,000.00
$3,000.00
$20,000.00
$38,000.00
$88,000.00
$14,000.00
$3,000.00
$20,000.00
-$8,000.00
$80,000.00
$14,000.00
$3,000.00
$20,000.00
-$4,000.00
$76,000.00
$14,000.00
$3,000.00
$20,000.00
-$3,000.00
$73,000.00
$14,000.00
$3,000.00
$20,000.00
$11,000.00
$84,000.00
$14,000.00
$3,000.00
$20,000.00
Balance
CASH
DEBTOR
1 $50,000.00
$50,000.00
2
Balance
3
Balance
4
SUPPLIES
6
Balance
7
Balance
8
Balance
9
Balance
10
Balance
11
Balance
ASSET
Liabilitie
Creditors
Total Liabilities
Equity
Share Capital
Retained Earning
Total Equity
Total Liabilities and Equity
CREDITOR
$0.00
$0.00
SHAREHOLDER'S EQUITY
$50,000.00
$50,000.00
$25,000.00
$25,000.00
$50,000.00
$25,000.00
$14,000.00
$64,000.00
$25,000.00
-$5,000.00
$59,000.00
$25,000.00
$59,000.00
$3,000.00
$28,000.00
$59,000.00
$28,000.00
$38,000.00
$97,000.00
$28,000.00
-$8,000.00
$89,000.00
$28,000.00
-$4,000.00
$85,000.00
-$3,000.00
$25,000.00
$85,000.00
$25,000.00
$11,000.00
$96,000.00
LIABILITIES
EQUITY
t, March 31,20XX
$84,000.00
$14,000.00
$3,000.00
$20,000.00
$121,000.00
$25,000.00
$25,000.00
$50,000.00
$46,000.00
$96,000.00
$121,000.00
CASH
DEBTOR
SUPPLIES
EQUIPMENT
$23,000.00
$15,000.00
$6,000.00
$20,000.00
$23,000.00
$15,000.00
$6,000.00
$20,000.00
Opening Bal
Balance
1
$23,000.00
$15,000.00
$6,000.00
$15,000.00
$35,000.00
$25,000.00
$48,000.00
$15,000.00
$6,000.00
$35,000.00
-$4,000.00
$44,000.00
$15,000.00
$6,000.00
$35,000.00
$44,000.00
$35,000.00
$50,000.00
$6,000.00
$35,000.00
$38,000.00
$82,000.00
-$38,000.00
$12,000.00
$6,000.00
$35,000.00
$10,000.00
$92,000.00
$12,000.00
$6,000.00
$35,000.00
Balance
-$7,500.00
$84,500.00
$12,000.00
$7,500.00
$13,500.00
$35,000.00
Balance
8 -$12,000.00
$72,500.00
$12,000.00
$13,500.00
$35,000.00
Balance
-$7,000.00
$65,500.00
$12,000.00
$13,500.00
$35,000.00
Balance
10 -$13,000.00
$52,500.00
$12,000.00
$13,500.00
$35,000.00
$12,000.00
$13,500.00
$35,000.00
Balance
2
Balance
3
Balance
4
Balance
5
Balance
6
Balance
7
11
Balance
-$8,000.00
$44,500.00
ASSET
Equipment
Total Asset
Liabilitie
Creditors
Total Liabilities
Equity
Share Capital
Retained Earning
Total Equity
Total Liabilities and Equity
CREDITOR
$24,000.00
$24,000.00
SHAREHOLDER'S EQUITY
$40,000.00
$40,000.00
$15,000.00
$39,000.00
$40,000.00
$39,000.00
$25,000.00
$65,000.00
$39,000.00
-$4,000.00
$61,000.00
$39,000.00
$35,000.00
$96,000.00
$39,000.00
$96,000.00
$10,000.00
$49,000.00
$96,000.00
$49,000.00
$96,000.00
$49,000.00
-$12,000.00
$84,000.00
$49,000.00
-$7,000.00
$77,000.00
-$13,000.00
$36,000.00
$77,000.00
-$8,000.00
$28,000.00
$77,000.00
LIABILITIES
EQUITY
t, March 31,20XX
$44,500.00
$12,000.00
$13,500.00
Cash
Cash Recei
Off Supplie
Off Equipm
$35,000.00
$105,000.00
$28,000.00
$28,000.00
$40,000.00
$37,000.00
$77,000.00
$105,000.00
23000
15000
6000
20000
Creditor
24000
Capital
40000
CASH
DEBTOR
SUPPLIES
$5,000.00
$10,000.00
$5,000.00
$10,000.00
Opening Bal
Balance
1
EQUIPMENT
$47,700.00
$0.00
$47,700.00
Balance
$4,000.00
$9,000.00
-$4,000.00
$6,000.00
$0.00
$47,700.00
Balance
2 -$7,000.00
$2,000.00
$6,000.00
$0.00
$47,700.00
Balance
3 $10,000.00
$12,000.00
$6,000.00
$0.00
$47,700.00
$6,000.00
$0.00
$47,700.00
$0.00
$5,000.00
$52,700.00
Balance
-$600.00
$11,400.00
Balance
5 -$5,000.00
$6,400.00
$6,000.00
6
Balance
$6,400.00
$6,000.00
$0.00
$20,000.00
$72,700.00
Balance
7 -$2,000.00
$4,400.00
$6,000.00
$0.00
$72,700.00
Balance
8 -$3,000.00
$1,400.00
$6,000.00
$0.00
$72,700.00
Balance
9 $15,000.00
$16,400.00
$6,000.00
$0.00
$72,700.00
$0.00
$72,700.00
$0.00
$72,700.00
10
Balance
$16,400.00
$3,500.00
$9,500.00
Balance
11 -$2,500.00
$13,900.00
$9,500.00
ASSET
Total Asset
Liabilitie
Creditors
Total Liabilities
Equity
Share Capital
Retained Earning
Total Equity
Total Liabilities and Equity
CREDITOR
$7,000.00
$7,000.00
SHAREHOLDER'S EQUITY
$55,700.00
$55,700.00
$7,000.00
$55,700.00
-$7,000.00
$0.00
$55,700.00
$10,000.00
$10,000.00
$55,700.00
$10,000.00
-$600.00
$55,100.00
$10,000.00
$55,100.00
$20,000.00
$30,000.00
$55,100.00
$30,000.00
-$2,000.00
$53,100.00
-$3,000.00
$27,000.00
$53,100.00
$27,000.00
$15,000.00
$68,100.00
$27,000.00
$3,500.00
$71,600.00
$27,000.00
-$2,500.00
$69,100.00
LIABILITIES
EQUITY
h 31,20XX
$13,900.00
$9,500.00
$0.00
$72,700.00
$96,100.00
$27,000.00
$27,000.00
$55,700.00
$13,400.00
$69,100.00
$96,100.00
Balance
CASH
DEBTOR
SUPPLIES EQUIPMENT
1 $50,000.00
$50,000.00
$0.00
$0.00
$0.00
Balance
2 -$30,000.00
$20,000.00
$0.00
Balance
-$5,000.00
$15,000.00
Balance
CREDITOR
$0.00
$0.00
$30,000.00
$30,000.00
$0.00
$0.00
$0.00
$30,000.00
$0.00
$15,000.00
$0.00
$0.00
$30,000.00
$0.00
Balance
$15,000.00
$0.00
$0.00
$30,000.00
$0.00
Balance
$15,000.00
$0.00
$0.00
$30,000.00
$0.00
Balance
$15,000.00
$0.00
$0.00
$30,000.00
$0.00
Balance
$15,000.00
$0.00
$0.00
$30,000.00
$0.00
Balance
$15,000.00
$0.00
$0.00
$30,000.00
$0.00
Balance
$15,000.00
$0.00
$0.00
$30,000.00
$0.00
Balance
$15,000.00
$0.00
$0.00
$30,000.00
$0.00
Balance
$15,000.00
$0.00
$0.00
$30,000.00
$0.00
Balance
$15,000.00
$0.00
$0.00
$30,000.00
$0.00
SHAREHOLDER'S EQUITY
$50,000.00
$50,000.00
$50,000.00
$50,000.00
$50,000.00
$50,000.00
$50,000.00
$50,000.00
$50,000.00
$50,000.00
$50,000.00
$50,000.00
$50,000.00
$50,000.00