2/7/2015 Problem 12A (Part Level Submission). Answer
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Problem 12A (Part Level Submission)
Prepare a tabular analysis of the September transactions beginning with August 31 balances. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 18 for example.)
DONAHUE VETERINARY CLINIC Assets Liabilities Stockholders' Equity
Cash + Accounts Receivable + Supplies + Equipment =
Notes Payable +
Accounts Payable +
Common Stock +
Retained Earnings + Revenues
– Expenses
– Dividends
Bal.$ $ $ $ $ $ $ $ $ $ $ 1.
2.
3.
4.
5.
6.
7.
8.
$ $ $ $ = $ $ $ $ $ $ $
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Answer CLOSE
10,880 4,280 600 6,000 6,180 14,697 883
(2,682) (2,682)
2,053 (2,053)
(775) 3,016 2,241
3,214 4,309 7,523
(1,959) (1,959)
(2,981) (2,981)
340 (340)
12,912 12,912
20,662 6,536 600 9,016 12,912 6,079 14,697 883 7,523 (3,321) (1,959)