ACC 201 week 4 Assignment 1
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Description
Chapter 7 Problems 7-26, 7-27, 7-28
Shantae Lovett
ACC: 201
LaKeitha Givens
January 07, 2012
4 Chapter 7 Problems 7-26, 7-27, 7-28
7-26
Artesia Co
2012 - 2013
Assets
Liabilities
Stockholders' Equity
Event
Cash
Sales Tax Pay
-
Int. Pay
Notes Payable
Com. Stock
Retained Earnings
Account Title
2012
1
40,000
NA
NA
40,000
NA
NA
NA
2
127,200
7,200
NA
NA
NA
(120,000)
Serv. Rev.
3
(72,000)
NA
NA
NA
NA
(72,000)
OE
4
(6,000)
(6,000)
NA
NA
NA
NA
NA
5
NA
NA
1,5001
NA
NA
(1,500)
Int. Exp.
Bal
89,200
1,200
1,500
40,000
0
46,500
2013
B. Bal.
89,200
1,200
1,500
40,000
0
46,500
1
(1,200)
(1,200)
NA
NA
NA
NA
NA
2
153,700
8,700
NA
NA
NA
145,000
Serv. Rev.
3 (a)
NA
NA
5002
NA
NA
(500)...
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