Yasmin Martinez Chapter 1 1-4 Coca Cola Assets $29,963 Liabilities - $13,043 Equity $16,920

PepsiCo Assets - $ 29,930 Liabilities - $14,483 Equity - $15,447

1-5 Ebay Assets $13,494 Liabilities - $2,589 Equity - $10,905

Google Assets- $18,473 Liabilities- $1,433 Equity- $17,040

1-6 A. X = $250,000 + $780,000 X= 1,030,000 B. $125,000 = X + $39,500 X= 85,500

C. 60,000 = 75,000 + X X= (15,000)

1-11 1. 2. 3. 4. 1-12 1. 2. 3. 4. 5. 6. 7. 8. 9. Received cash from owner as additional investment, $75,000. Increase Paid rent for October, $4,200. Decrease Paid advertising expense, $4,000. Decrease Received cash for providing delivery services, $39,750. Increase Puchased supplies for cash, $2,500. Decrease Billed customers for delivery services on account $ 25,600. Increase Paid creditors on account, $9,280. Decrease Received cash from customers on account, $25,600. Increase Determined that the cost of supplies on hand was $900; therefore, $1,600, of supplies had been used during the month. Decrease 10. Paid cash to owner for personal use, $3,000. Decrease Expenses Decrease owners equity Revenues Increase onwers equity Owners Investments Increase owners equity Owners Withdrawls- Decrease owners equity

Chapter 2

2-1 Accounts payable 2 Liability Balance Sheet - Credit Air Traffic Liability 2 Liability Balance Sheet - Credit Aircraft Fuel Expense 5Expenses Income Statement Debit Cargo and Mail Revenue 4 Revenue Income Statement - Credit Commissions 4 Revenue Income Statement Credit Flight Equipment 1 Asset Balance Sheet Debit Landing Fees Expenses Income Statement Debit Passenger Revenue Revenue Income Statement Credit Purchase Deposits for Flight Equipment Liability Balance Sheet Debit

Spare parts and Supplies Assets Balance Sheet Debit

2-2 21 Accounts Payable 11 Accounts Receivable 12- Cash 41- Fees Earned 13- Land 53- Miscellaneous Expense 51- Supplies Expense 31- Tony Newbaurer, Capital 32- Tony Newbaurer, Drawing 52- Wages Expense

2-3 11 - Accounts Receivable 12 Cash 13 Equipment 14- Prepaid Insurance 15- Supplies 21- Accounts Payable 22- Unearned Rent 31- Jamie Bjork, Capital 32- Jamie Bjork, Drawing 41- Fees earned 51- Rent Expense 52- Wages Expense 53- Supplies Expense

54- Miscellaneous Expense

2-8 A. B. C. D. E. F. G. H. I. J. Accounts Payable Liability Credit Accounts Receivable Asset Debit Billy Eldrod, Capital Equity Credit Billy Eldrod, Drawing Equity Debit Cash Asset Debit Fees Earned Revenue Credit Office Equipment Asset Debit Rent Expense Expense Debit Supplies Asset Debit Wages Expense Expense Debit

2-16

Trial Balance

Cash Accounts Receivable Land Prepaid Insurance Supplies Accounts Payable Notes Payable Unearned Rent Ellen Kubota, Capital Ellen Kubota, Drawing Fees Earned Rent Expense Utilities Expense Supplies Expense Insurance Expense Miscellaneous Expense Wages Expense

Debit Credit 26,000 56,250 127,500 4,500 3,150 28,000 60,000 13,500 129,850 30,000 465,000 90,000 62,250 11,850 9,000 13,350 262,500
696,350 696,350