Exhibit 6,8.

Spreadsheet analyzing transactions into the elements of the accounting equation

Date

Business transaction

Cash

Fixed assets

April 1

The owner pays cash into a bank for the business

60,000

April 2

The business acquires buildings for cash

-20,000

20,000

April 4

The business acquires equipment for cash

-12,000

12,000

April 6

The business purchases a stock of goods for cash

-8,500

April 7

The business purchases a stock of goods on credit

April 11

The business pays in cash for goods acquired on credit

April 14

Payment of a gas bill in cash

April 17

Goods purchased and sold are removed from the store

April 17

The business sells goods for cash

April 17

The business sells goods on credit

April 24

Payment in cash for goods purchased on credit

4,200

April 28

The owner draws cash for personal use

-2,700

Payment of wages to employees, in cash

-2,800

Apr30
April 30

Stocks

Acc/Rec

Acc/Pay

Capital
60,000

8,500
7,000

7,000

-7,000

-7,000

-400
-5,500
6,000
4,200

The equipment has fallen in value over the month

TOTAL

-4,200
-2,700

-550
16,800

31,450

10,000

58,250

ASSETS

LIABILIT.

57,300

58

OWNERSH

Revenue

Expenses

-400
-5,500
6,000
4,200

-2,800
-550
10,200

-9,250

58,250
OWNERSHIP INTEREST

Exhibit 6,8. Spreadsheet analyzing transactions into the elements of the accounting equation
Date

Business transaction

Cash

Fixed assets

April 1

The owner pays cash into a bank for the business

60,000

April 2

The business acquires buildings for cash

-20,000

20,000

April 4

The business acquires equipment for cash

-12,000

12,000

April 6

The business purchases a stock of goods for cash

-8,500

April 7

The business purchases a stock of goods on credit

April 11

The business pays in cash for goods acquired on credit

April 14

Payment of a gas bill in cash

April 17

Goods purchased and sold are removed from the store

April 17

The business sells goods for cash

April 17

The business sells goods on credit

April 24

Payment in cash for goods purchased on credit

4,200

April 28

The owner draws cash for personal use

-2,700

Payment of wages to employees, in cash

-2,800

Apr30
April 30

Stocks

A/R

A/P

Capital
60,000

8,500
7,000

7,000

-7,000

-7,000

-400
-5,500
6,000
4,200

The equipment has fallen in value over the month

TOTAL

-4,200
-2,700

-550
16,800

31,450

10,000

58,250

ASSETS

LIABILIT.

57,300

58

OWNERSH

Revenue

Expenses

-400
-5,500
6,000
4,200

-2,800
-550
10,200

-9,250

58,250
OWNERSHIP INTEREST