Homework Answers
| JUST ROLLING ALONG INC. | ||||
| TRANSACTIONS FOR THE MONTH OF MAY | ||||
| Assets | = | Liabilities | + | Stockholders' Equity |
| 7500 | 0 | 7500 | ||
| 2750 | 2750 | 0 | ||
| -45 | 0 | -45 | ||
| 0 | 0 | 0 | ||
| 95 | 95 | 0 | ||
| -125 | 0 | -125 | ||
| 1620 | 0 | 1620 | ||
| 1100 | 0 | 1100 | ||
| 0 | 0 | 0 | ||
| 2750 | 0 | 2750 | ||
| -150 | 0 | -150 | ||
| -2750 | -2750 | 0 | ||
| 12745 | = | 95 | + | 12650 |
Calculations:
| JUST ROLLING ALONG INC. | ||||
| TRANSACTIONS FOR THE MONTH OF MAY | ||||
| Assets | = | Liabilities | + | Stockholders' Equity |
| 7500 | 0 | 7500 | ||
| =275*10 | =275*10 | 0 | ||
| -45 | 0 | -45 | ||
| =((25*125)+(25*40)+(25*35))-((25*125)+(25*40)+(25*35)) | 0 | 0 | ||
| 95 | 95 | 0 | ||
| -125 | 0 | -125 | ||
| 1620 | 0 | 1620 | ||
| 1100 | 0 | 1100 | ||
| =550-550 | 0 | 0 | ||
| 2750 | 0 | 2750 | ||
| -150 | 0 | -150 | ||
| -2750 | -2750 | 0 | ||
| 12745 | = | 95 | + | 12650 |
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