accounting equation
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CASH DEBTOR SUPPLIES EQUIPMENT CREDITOR1 $30,000.00
Balance $30,000.00 $0.00
2 $9,000.00 $9,000.00Balance $39,000.00 $9,000.00
3 -$12,000.00 $12,000.00Balance $39,000.00 $9,000.00
4 $15,000.00Balance $54,000.00 $9,000.00
5 -$5,000.00 -$5,000.00Balance $49,000.00 $4,000.00
6 $12,000.00 $12,000.00Balance $61,000.00 $16,000.00
7 $19,000.00Balance $80,000.00 $16,000.00
8 -$3,700.00Balance $76,300.00 $16,000.00
9 -$4,000.00Balance $72,300.00 $16,000.00
$32,300.00 $19,000.00 $9,000.00 $12,000.00 $16,000.00
ASSET = LIABILITIES
Balance Sheet, January 31,20XXAsset
CashDebtorsSuppliesEquipment
Total AssetLiabilitie
CreditorsTotal Liabilities
EquityShare CapitalRetained Earning
Total EquityTotal Liabilities and Equity
SHAREHOLDER'S EQUITY$30,000.00$30,000.00
$30,000.00
$30,000.00
$15,000.00$45,000.00
$45,000.00
$45,000.00
$19,000.00$64,000.00
-$3,700.00$60,300.00
-$4,000.00$56,300.00$56,300.00
+ EQUITY
Balance Sheet, January 31,20XX
$32,300.00$19,000.00
$9,000.00$12,000.00$72,300.00
$16,000.00$16,000.00
$30,000.00$26,300.00
$56,300.00$72,300.00
CASH DEBTOR SUPPLIES EQUIPMENT CREDITOR1 $50,000.00
Balance $50,000.00 $0.00
2 $23,000.00Balance $73,000.00 $0.00
3 $25,000.00 $25,000.00Balance $98,000.00 $25,000.00
4 $16,000.00Balance $114,000.00 $25,000.00
5 -$10,000.00 $10,000.00Balance $114,000.00 $25,000.00
6 -$12,300.00 -$12,300.00Balance $101,700.00 $12,700.00
7 -$9,000.00Balance $92,700.00 $12,700.00
8 -$1,700.00Balance $91,000.00 $12,700.00
9 -$2,000.00Balance $89,000.00 $12,700.00
ASSET = LIABILITIES$300.00 $13,700.00 $0.00 $75,000.00 12700
Balance Sheet, March 31,20XXAsset
CashDebtorsSuppliesEquipment
Total AssetLiabilitie
CreditorsTotal Liabilities
EquityShare CapitalRetained Earning
Total Equity
Total Liabilities and Equity
SHAREHOLDER'S EQUITY$50,000.00$50,000.00
$23,000.00$73,000.00
$73,000.00
$16,000.00$89,000.00
$89,000.00
$89,000.00
-$9,000.00$80,000.00
-$1,700.00$78,300.00
-$2,000.00$76,300.00
+ EQUITY76300
Balance Sheet, March 31,20XX
$300.00$13,700.00
$0.00$75,000.00$89,000.00
$12,700.00$12,700.00
$50,000.00$26,300.00$76,300.00
$89,000.00
CASH DEBTOR SUPPLIES EQUIPMENT CREDITOR1 $50,000.00
Balance $50,000.00 $0.00
2 $40,000.00 $40,000.00Balance $90,000.00 $40,000.00
3 $30,000.00 $30,000.00Balance $120,000.00 $70,000.00
4 $15,000.00 $15,000.00Balance $135,000.00 $85,000.00
5 $18,000.00Balance $153,000.00 $85,000.00
6 -$3,000.00 $3,000.00Balance $153,000.00 $85,000.00
7 -$10,000.00Balance $143,000.00 $85,000.00
8 -$6,000.00Balance $137,000.00 $85,000.00
9 -$5,000.00 $5,000.00Balance $137,000.00 $85,000.00
10 -$10,000.00 -$10,000.00Balance $127,000.00 $75,000.00
11 -$5,000.00Balance $122,000.00 $75,000.00
ASSET = LIABILITIES +$59,000.00 15000 3000 45000 75000
Balance Sheet, August 31,20XXAsset
CashDebtorsSuppliesEquipment
Total AssetLiabilitie
CreditorsTotal Liabil
Equity
Share CapitalRetained Earning
Total EquitTotal Liabilities and Equity
SHAREHOLDER'S EQUITY$50,000.00$50,000.00
$50,000.00
$50,000.00
$50,000.00
$18,000.00$68,000.00
$68,000.00
-$10,000.00$58,000.00
-$6,000.00$52,000.00
$52,000.00
$52,000.00
-$5,000.00$47,000.00
EQUITY47000
$59,000.00$15,000.00
$3,000.00$45,000.00
$122,000.00
$75,000.00$75,000.00
$50,000.00-$3,000.00$47,000.00
$122,000.00
CASH DEBTOR SUPPLIES EQUIPMENT CREDITOROpening $20,000.00 $7,000.00 $10,000.00 $30,000.00 $9,000.00Balance $67,000.00 $9,000.00
1 $29,000.00Balance $96,000.00 $9,000.00
2 -$2,500.00Balance $93,500.00 $9,000.00
3 $14,000.00Balance $107,500.00 $9,000.00
4 $26,000.00 -$26,000.00Balance $107,500.00 $9,000.00
5 $11,000.00 $11,000.00Balance $118,500.00 $20,000.00
6 -$3,000.00 -$3,000.00Balance $115,500.00 $17,000.00
7 -$1,300.00Balance $114,200.00 $17,000.00
8 $2,800.00 $2,800.00Balance $117,000.00 $19,800.00
9 $15,000.00 $15,000.00Balance $132,000.00 $34,800.00
10 -$16,000.00 $16,000.00Balance $132,000.00 $34,800.00
11 -$12,000.00Balance $120,000.00 $34,800.00
ASSET = LIABILITIES$40,200.00 $36,000.00 $11,000.00 $32,800.00 34800
Balance Sheet, June 30,20XXAsset
CashDebtorsSuppliesEquipment
Total AssetLiabilitie
CreditorsTotal Liabilities
EquityShare CapitalRetained Earning
Total EquityTotal Liabilities and Equity
SHAREHOLDER'S EQUITY ASSET LIABILITIES$58,000.00 Cash $20,000.00 Creditor$58,000.00 A/C Receivable $7,000.00
Office Supplies $10,000.00$29,000.00 Office Eqp $30,000.00$87,000.00
-$2,500.00$84,500.00
$14,000.00$98,500.00
$98,500.00
$98,500.00
$98,500.00
-$1,300.00$97,200.00
$97,200.00
$97,200.00
$97,200.00
-$12,000.00$85,200.00
+ EQUITY85200
Balance Sheet, June 30,20XX
$40,200.00$36,000.00$11,000.00$32,800.00
$120,000.00
$34,800.00$34,800.00
$58,000.00$27,200.00$85,200.00
$120,000.00
EQUITY$9,000.00 Capital $58,000.00
CASH DEBTOR SUPPLIES EQUIPMENT CREDITOROpening Bal $10,000.00 $5,000.00 $1,000.00 $35,000.00 $13,300.00Balance $10,000.00 $5,000.00 $1,000.00 $35,000.00 $13,300.00
1 -$1,800.00 $1,800.00Balance $8,200.00 $5,000.00 $2,800.00 $35,000.00 $13,300.00
2 $59,900.00Balance $8,200.00 $64,900.00 $2,800.00 $35,000.00 $13,300.00
3 -$3,000.00 $3,000.00Balance $5,200.00 $64,900.00 $2,800.00 $38,000.00 $13,300.00
4 $20,000.00Balance $25,200.00 $64,900.00 $2,800.00 $38,000.00 $13,300.00
5 -$11,000.00 -$11,000.00Balance $14,200.00 $64,900.00 $2,800.00 $38,000.00 $2,300.00
6 -$1,100.00Balance $13,100.00 $64,900.00 $2,800.00 $38,000.00 $2,300.00
7 $4,000.00 -$4,000.00Balance $17,100.00 $60,900.00 $2,800.00 $38,000.00 $2,300.00
8 $20,000.00 $20,000.00Balance $17,100.00 $60,900.00 $2,800.00 $58,000.00 $22,300.00
9 $56,400.00 -$56,400.00Balance $73,500.00 $4,500.00 $2,800.00 $58,000.00 $22,300.00
10 -$28,000.00Balance $45,500.00 $4,500.00 $2,800.00 $58,000.00 $22,300.00
11 -$6,750.00Balance $38,750.00 $4,500.00 $2,800.00 $58,000.00 $22,300.00
ASSET = LIABILITIES
Balance Sheet, March 31,20XXAsset
CashDebtorsSuppliesEquipment
Total AssetLiabilitie
CreditorsTotal Liabil
EquityShare CapitalRetained Earning
Total EquitTotal Liabilities and Equity
SHAREHOLDER'S EQUITY Cash 10000 Creditor$37,700.00 Amount Receivable 5000$37,700.00 Comp Supplies 1000
Off Equip 35000
$37,700.00
$59,900.00$97,600.00
$97,600.00
$20,000.00$117,600.00
$117,600.00
-$1,100.00$116,500.00
$116,500.00
$116,500.00
$116,500.00
-$28,000.00$88,500.00
-$6,750.00$81,750.00
+ EQUITY
Balance Sheet, March 31,20XX
$38,750.00$4,500.00$2,800.00
$58,000.00$104,050.00
$22,300.00$22,300.00
$37,700.00$44,050.00$81,750.00
$104,050.00
13300 Share Capital 24500Retained Earnings 13200
CASH DEBTOR SUPPLIES EQUIPMENT CREDITOR1 $50,000.00
Balance $50,000.00 $0.00 $0.00 $0.00 $0.00
2 -$15,000.00 $15,000.00Balance $35,000.00 $0.00 $0.00 $15,000.00 $0.00
3 $25,000.00 $25,000.00Balance $60,000.00 $0.00 $0.00 $15,000.00 $25,000.00
4 $3,000.00 $3,000.00Balance $60,000.00 $0.00 $3,000.00 $15,000.00 $28,000.00
5 -$12,500.00Balance $47,500.00 $0.00 $3,000.00 $15,000.00 $28,000.00
6 -$5,000.00Balance $42,500.00 $0.00 $3,000.00 $15,000.00 $28,000.00
7 -$1,500.00 -$1,500.00Balance $41,000.00 $0.00 $3,000.00 $15,000.00 $26,500.00
8 $29,000.00Balance $70,000.00 $0.00 $3,000.00 $15,000.00 $26,500.00
9 $500.00 -$500.00Balance $70,500.00 $0.00 $2,500.00 $15,000.00 $26,500.00
ASSET = LIABILITIES
Balance Sheet, March 31,20XXAsset
CashDebtorsSuppliesEquipment
Total AssetLiabilitie
CreditorsTotal Liabilities
EquityShare CapitalRetained Earning
Total EquityTotal Liabilities and Equity
SHAREHOLDER'S EQUITY$50,000.00$50,000.00
$50,000.00
$50,000.00
$50,000.00
-$12,500.00$37,500.00
-$5,000.00$32,500.00
$32,500.00
$29,000.00$61,500.00
$61,500.00
+ EQUITY
Balance Sheet, March 31,20XX
$70,500.00$0.00
$2,500.00$15,000.00$88,000.00
$26,500.00$26,500.00
$50,000.00$11,500.00$61,500.00$88,000.00
CASH DEBTOR SUPPLIES EQUIPMENT CREDITOR1 $50,000.00 $0.00 $0.00 $0.00 $0.00
Balance $50,000.00 $0.00 $0.00 $0.00 $0.00
2 $25,000.00 $25,000.00Balance $75,000.00 $0.00 $0.00 $0.00 $25,000.00
3 $14,000.00Balance $75,000.00 $14,000.00 $0.00 $0.00 $25,000.00
4 -$5,000.00Balance $70,000.00 $14,000.00 $0.00 $0.00 $25,000.00
5 -$20,000.00 $20,000.00Balance $50,000.00 $14,000.00 $0.00 $20,000.00 $25,000.00
6 $3,000.00 $3,000.00Balance $50,000.00 $14,000.00 $3,000.00 $20,000.00 $28,000.00
7 $38,000.00Balance $88,000.00 $14,000.00 $3,000.00 $20,000.00 $28,000.00
8 -$8,000.00Balance $80,000.00 $14,000.00 $3,000.00 $20,000.00 $28,000.00
9 -$4,000.00Balance $76,000.00 $14,000.00 $3,000.00 $20,000.00 $28,000.00
10 -$3,000.00 -$3,000.00Balance $73,000.00 $14,000.00 $3,000.00 $20,000.00 $25,000.00
11 $11,000.00Balance $84,000.00 $14,000.00 $3,000.00 $20,000.00 $25,000.00
ASSET = LIABILITIES
Balance Sheet, March 31,20XXAsset
CashDebtorsSuppliesEquipment
Total AssetLiabilitie
CreditorsTotal Liabilities
Equity
Share CapitalRetained Earning
Total EquityTotal Liabilities and Equity
SHAREHOLDER'S EQUITY$50,000.00$50,000.00
$50,000.00
$14,000.00$64,000.00
-$5,000.00$59,000.00
$59,000.00
$59,000.00
$38,000.00$97,000.00
-$8,000.00$89,000.00
-$4,000.00$85,000.00
$85,000.00
$11,000.00$96,000.00
+ EQUITY
Balance Sheet, March 31,20XX
$84,000.00$14,000.00
$3,000.00$20,000.00
$121,000.00
$25,000.00$25,000.00
$50,000.00$46,000.00$96,000.00
$121,000.00
CASH DEBTOR SUPPLIES EQUIPMENT CREDITOROpening Bal $23,000.00 $15,000.00 $6,000.00 $20,000.00 $24,000.00Balance $23,000.00 $15,000.00 $6,000.00 $20,000.00 $24,000.00
1 $15,000.00 $15,000.00Balance $23,000.00 $15,000.00 $6,000.00 $35,000.00 $39,000.00
2 $25,000.00Balance $48,000.00 $15,000.00 $6,000.00 $35,000.00 $39,000.00
3 -$4,000.00Balance $44,000.00 $15,000.00 $6,000.00 $35,000.00 $39,000.00
4 $35,000.00Balance $44,000.00 $50,000.00 $6,000.00 $35,000.00 $39,000.00
5 $38,000.00 -$38,000.00Balance $82,000.00 $12,000.00 $6,000.00 $35,000.00 $39,000.00
6 $10,000.00 $10,000.00Balance $92,000.00 $12,000.00 $6,000.00 $35,000.00 $49,000.00
7 -$7,500.00 $7,500.00Balance $84,500.00 $12,000.00 $13,500.00 $35,000.00 $49,000.00
8 -$12,000.00Balance $72,500.00 $12,000.00 $13,500.00 $35,000.00 $49,000.00
9 -$7,000.00Balance $65,500.00 $12,000.00 $13,500.00 $35,000.00 $49,000.00
10 -$13,000.00 -$13,000.00Balance $52,500.00 $12,000.00 $13,500.00 $35,000.00 $36,000.00
11 -$8,000.00 -$8,000.00Balance $44,500.00 $12,000.00 $13,500.00 $35,000.00 $28,000.00
ASSET = LIABILITIES
Balance Sheet, March 31,20XXAsset
CashDebtorsSuppliesEquipment
Total AssetLiabilitie
Creditors
Total LiabilitiesEquity
Share CapitalRetained Earning
Total EquityTotal Liabilities and Equity
SHAREHOLDER'S EQUITY$40,000.00$40,000.00
Cash 23000 Creditor 24000Cash Recei 15000
$40,000.00 Off Supplie 6000Off Equipm 20000
$25,000.00$65,000.00
-$4,000.00$61,000.00
$35,000.00$96,000.00
$96,000.00
$96,000.00
$96,000.00
-$12,000.00$84,000.00
-$7,000.00$77,000.00
$77,000.00
$77,000.00
+ EQUITY
Balance Sheet, March 31,20XX
$44,500.00$12,000.00$13,500.00$35,000.00
$105,000.00
$28,000.00
$28,000.00
$40,000.00$37,000.00$77,000.00
$105,000.00
Capital 40000
CASH DEBTOR SUPPLIES EQUIPMENT CREDITOROpening Bal $5,000.00 $10,000.00 $47,700.00 $7,000.00Balance $5,000.00 $10,000.00 $0.00 $47,700.00 $7,000.00
1 $4,000.00 -$4,000.00Balance $9,000.00 $6,000.00 $0.00 $47,700.00 $7,000.00
2 -$7,000.00 -$7,000.00Balance $2,000.00 $6,000.00 $0.00 $47,700.00 $0.00
3 $10,000.00 $10,000.00Balance $12,000.00 $6,000.00 $0.00 $47,700.00 $10,000.00
4 -$600.00Balance $11,400.00 $6,000.00 $0.00 $47,700.00 $10,000.00
5 -$5,000.00 $5,000.00Balance $6,400.00 $6,000.00 $0.00 $52,700.00 $10,000.00
6 $20,000.00 $20,000.00Balance $6,400.00 $6,000.00 $0.00 $72,700.00 $30,000.00
7 -$2,000.00Balance $4,400.00 $6,000.00 $0.00 $72,700.00 $30,000.00
8 -$3,000.00 -$3,000.00Balance $1,400.00 $6,000.00 $0.00 $72,700.00 $27,000.00
9 $15,000.00Balance $16,400.00 $6,000.00 $0.00 $72,700.00 $27,000.00
10 $3,500.00Balance $16,400.00 $9,500.00 $0.00 $72,700.00 $27,000.00
11 -$2,500.00Balance $13,900.00 $9,500.00 $0.00 $72,700.00 $27,000.00
ASSET = LIABILITIES
Balance Sheet, March 31,20XXAsset
CashDebtorsSuppliesEquipment
Total AssetLiabilitie
CreditorsTotal Liabilities
EquityShare CapitalRetained Earning
Total EquityTotal Liabilities and Equity
SHAREHOLDER'S EQUITY$55,700.00$55,700.00
$55,700.00
$55,700.00
$55,700.00
-$600.00$55,100.00
$55,100.00
$55,100.00
-$2,000.00$53,100.00
$53,100.00
$15,000.00$68,100.00
$3,500.00$71,600.00
-$2,500.00$69,100.00
+ EQUITY
Balance Sheet, March 31,20XX
$13,900.00$9,500.00
$0.00$72,700.00$96,100.00
$27,000.00$27,000.00
$55,700.00$13,400.00$69,100.00$96,100.00
CASH DEBTOR SUPPLIES EQUIPMENT CREDITOR1 $50,000.00
Balance $50,000.00 $0.00 $0.00 $0.00 $0.00
2 -$30,000.00 $30,000.00Balance $20,000.00 $0.00 $0.00 $30,000.00 $0.00
-$5,000.00Balance $15,000.00 $0.00 $0.00 $30,000.00 $0.00
Balance $15,000.00 $0.00 $0.00 $30,000.00 $0.00
Balance $15,000.00 $0.00 $0.00 $30,000.00 $0.00
Balance $15,000.00 $0.00 $0.00 $30,000.00 $0.00
Balance $15,000.00 $0.00 $0.00 $30,000.00 $0.00
Balance $15,000.00 $0.00 $0.00 $30,000.00 $0.00
Balance $15,000.00 $0.00 $0.00 $30,000.00 $0.00
Balance $15,000.00 $0.00 $0.00 $30,000.00 $0.00
Balance $15,000.00 $0.00 $0.00 $30,000.00 $0.00
Balance $15,000.00 $0.00 $0.00 $30,000.00 $0.00
Balance $15,000.00 $0.00 $0.00 $30,000.00 $0.00
SHAREHOLDER'S EQUITY$50,000.00$50,000.00
$50,000.00
$50,000.00
$50,000.00
$50,000.00
$50,000.00
$50,000.00
$50,000.00
$50,000.00
$50,000.00
$50,000.00
$50,000.00
$50,000.00
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