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Name Problem 04

Section
Date Thornton Computer Timeshare Company

(a)
Thornton Computer Timeshare Company
Assets = Liabilities + Owner's Equity

Trans- Accounts Accounts Owner's Owner's


actions Cash + Receivable + Supplies + Equipment = Payable + Capital - Drawings + Revenues - Expenses
1 1. 1
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3 2. 3
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Name Problem 1-1A Concluded
Section
Date Threet's Repair Shop

(b)

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Name Problem 05
Section
Date Threet's Repair Shop

Threet's Repair Shop


Assets = Liabilities + Owner's Equity

Trans- Accounts Office Notes Accounts Owner's Owner's


actions Cash + Receivable + Supplies + Equipment = Payable + Payable + Capital - Drawings + Revenues - Expenses
1 Bal. 1
2 . 2
3 3
4 2. 4
5 5
6 3. 6
7 7
8 4. 8
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10 5. 10
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Name Problem 1-2A Continued
Section
Date Ramona Castro, Veterinarian

(b)
Ramona Castro, Veterinarian
Income Statement
For the Month Ended September 30, 2012
1 Revenues 1
2 2
3 3
4 4
5 Expenses 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 Net Income (Loss) 14
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Ramona Castro, Veterinarian


Owner's Equity Statement
For the Month Ended September 30, 2012
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2 2
3 3
4 4
5 5
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Name Problem 1-2A Concluded
Section
Date Ramona Castro, Veterinarian

(b) (Continued)
Ramona Castro, Veterinarian
Balance Sheet
September 30, 2012
1 Assets 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 Liabilities and Owner's Equity 11
12 12
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Name Problem 1-3A
Section
Date AJ Flying School

(a)
AJ Flying School
Income Statement
For the Month Ended May 31, 2012
1 Revenues 1
2 2
3 3
4 4
5 Expenses 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 Net Income (Loss) 14
15 15
16 16
17 17
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19 19
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AJ Flying School
Owner's Equity Statement
For the Month Ended May 31, 2012
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10

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Name Problem 1-3A Continued
Section
Date AJ Flying School

(a) Continued
AJ Flying School
Balance Sheet
May 31, 2012
1 Assets 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 Liabilities and Owner's Equity 10
11 11
12 12
13 13
14 14
15 15
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(b)
AJ Flying School
Income Statement
For the Month Ended May 31, 2012
1 Revenues 1
2 2
3 3
4 Expenses 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 Net Income (Loss) 12
13 13
14 14
15 15

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Name Problem 1-3A Concluded
Section
Date AJ Flying School

(b) Continued
AJ Flying School
Owner's Equity Statement
For the Month Ended May 31, 2012
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2 2
3 3
4 4
5 5
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Name Problem 1-4A
Section
Date Beckham Deliveries

(a)
Beckham Deliveries
Assets = Liabilities + Owner's Equity

Accounts Notes Accounts Owner's Owner's


Date Cash + Receivable + Supplies + Equipment = Payable + Payable + Capital - Drawings + Revenues - Expenses
1 June 1 1
2 2 2
3 3 3
4 5 4
5 9 5
6 12 6
7 15 7
8 17 8
9 20 9
10 23 10
11 26 11
12 29 12
13 30 13
14 14
15 15
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