Exercise P1.1A Accounting for business. Asset Year Cash May 1 10000 May 2 (5000) May 3 (400) May 4 (500) = liabilities + Owner's Equity Accounts Receivable Supplies + Office Equipment Notes Payable Ac/ Payable + Capitals Drawings Revenue Expenses 10000 5000 400 500 May 5 250 250 May 6 5100 5100 May 7 (1000) May 8 -2000 2000 May 9 (140) 140 1000 May 10 750 May 11 120 630 6180 750 630 500 12,310 5000 250 10000 12,310 1000 5850 2790 Income statement Details Amount Revenue Service revenue Less Expenses Salaries expenses Rent expenses Advertising expenses utility Net income Amounts 5850 2000 400 250 140 2790 3060 Exercise P1.4A Accounting for business. Asset Date Cash June 10000 June 2 (2000) June 3 (500) June 5 June 9 = Accounts Receivable Supplies + liabilities Office Equipment + Owner's Equity Notes Payable Ac/ Payable + Capitals Drawings Revenue Expenses 10000 12000 10000 500 4400 4400 (200) 200 June 12 150 June 15 1250 150 3150 June 17 100 June 20 1500 1500 June 23 (500) 9500 June 26 (250) 250 June 29 (100) June 30 (1000) 8200 1000 3150 12150 23,500 9500 150 10000 23,500 200 5900 1850 Income statement Details Amount Amounts Revenue Service revenue Less Expenses 5900 Salaries expenses Rent expenses Gasoline utility Net income 1000 500 100 250 1850 4050 Exercise P1.5B Accounting for business. Asset Year Cash Accounts Receivable = Supplies + liabilities + Owner's Equity Office Equipment Notes Payable Ac/ Payable + Capitals Drawings Revenue Expenses Exercise P1.5A Accounting for business. Asset Year Cash Accounts Receivable = Supplies + liabilities + Owner's Equity Office Equipment Notes Payable Ac/ Payable + Capitals Drawings Revenue Expenses