1.

For each of the above transactions, enter in the blanks provided the account numbers and dollar amounts
(as shown in the example) for the account(s) debited and credits. The account numbers are listed below.
Jan. 19
Account Number (AN) Dollar Amount (DA)
Jan. 19
310 $7,500 ( Credit)
110 $15,750 (Debit),
312 $8,250 (Credit)
Jan. 21
310 $2,500 (Credit)
510 $5,500 (debit)
312 $3,000 (Credit)
Feb. 7
310 $15,000 (Credit)
121 $39,000 (Debit)
312 $24,000 (Credit)
Mar. 22
350 $15,000 (Debit)
110 $15,000 (Credit)
July 15
310 $2,500 (Credit)
110 $7,500 (Debit)
312 $5,000 (Credit)
Aug. 1
350 $3,750 (Credit)
110 $5,000 (Debit)
313 $1,250 (Credit)
Sept. 1
341 $3,563* (Debit)
220 $3,563 (Credit)
Sept. 15
No entry
Sept. 25
220 $3,563 (Debit)
110 3,563 (Credit)
Oct. 30
310 2,000 (Credit)
120 $6,000 (Debit)
312 $4,000 (Credit)
Dec. 15
110 $55,000 (Debit)
305 $55,000 (Credit)
* (7,500 shares + 2,500 + 15,000 - 5,000 + 2,500 + 1,250) x $0.15 = $3,563 common shares
2. Why is the stockholders equity section of the balance sheet an important consideration in analyzing are
performance of a company?
Because it represents the ownership interest of the stockholders