Name Problem 04

Section
Date Thornton Computer Timeshare Company

(a)
Thornton Computer Timeshare Company
Assets = Liabilities + Owner's Equity

Trans- Accounts Accounts Owner's Owner's

actions Cash + Receivable + Supplies + Equipment = Payable + Capital - Drawings + Revenues - Expenses
1 1. 1
2 2
3 2. 3
4 4
5 3. 5
6 6
7 4. 7
8 8
9 5. 9
10 10
11 6. 11
12 12
13 7. 13
14 14
15 8. 15
16 16
17 9. 17
18 18
19 10 19
20 20
21 11. 21
22 22
23 23

18
Name Problem 1-1A Concluded
Section
Date Threet's Repair Shop

(b)

1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20

19
Name Problem 05
Section
Date Threet's Repair Shop

Threet's Repair Shop

Assets = Liabilities + Owner's Equity

Trans- Accounts Office Notes Accounts Owner's Owner's

actions Cash + Receivable + Supplies + Equipment = Payable + Payable + Capital - Drawings + Revenues - Expenses
1 Bal. 1
2 . 2
3 3
4 2. 4
5 5
6 3. 6
7 7
8 4. 8
9 9
10 5. 10
11 11
12 12
13 13
14 6. 14
15 15
16 7. 16
17 17
18 8. 18
19 19
20 20

20
Name Problem 1-2A Continued
Section
Date Ramona Castro, Veterinarian

(b)
Ramona Castro, Veterinarian
Income Statement
For the Month Ended September 30, 2012
1 Revenues 1
2 2
3 3
4 4
5 Expenses 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 Net Income (Loss) 14
15 15
16 16
17 17
18 18
19 19
20 20

Ramona Castro, Veterinarian

Owner's Equity Statement
For the Month Ended September 30, 2012
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10

21
Name Problem 1-2A Concluded
Section
Date Ramona Castro, Veterinarian

(b) (Continued)
Ramona Castro, Veterinarian
Balance Sheet
September 30, 2012
1 Assets 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 Liabilities and Owner's Equity 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
26 26
27 27
28 28
29 29
30 30

22
Name Problem 1-3A
Section
Date AJ Flying School

(a)
AJ Flying School
Income Statement
For the Month Ended May 31, 2012
1 Revenues 1
2 2
3 3
4 4
5 Expenses 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 Net Income (Loss) 14
15 15
16 16
17 17
18 18
19 19
20 20

AJ Flying School
Owner's Equity Statement
For the Month Ended May 31, 2012
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10

23
Name Problem 1-3A Continued
Section
Date AJ Flying School

(a) Continued
AJ Flying School
Balance Sheet
May 31, 2012
1 Assets 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 Liabilities and Owner's Equity 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20

(b)
AJ Flying School
Income Statement
For the Month Ended May 31, 2012
1 Revenues 1
2 2
3 3
4 Expenses 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 Net Income (Loss) 12
13 13
14 14
15 15

24
Name Problem 1-3A Concluded
Section
Date AJ Flying School

(b) Continued
AJ Flying School
Owner's Equity Statement
For the Month Ended May 31, 2012
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
26 26
27 27
28 28
29 29
30 30

25
Name Problem 1-4A
Section
Date Beckham Deliveries

(a)
Beckham Deliveries
Assets = Liabilities + Owner's Equity

Accounts Notes Accounts Owner's Owner's

Date Cash + Receivable + Supplies + Equipment = Payable + Payable + Capital - Drawings + Revenues - Expenses
1 June 1 1
2 2 2
3 3 3
4 5 4
5 9 5
6 12 6
7 15 7
8 17 8
9 20 9
10 23 10
11 26 11
12 29 12
13 30 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20

26