8 a riote MacBook Air SolutionTransaction Assets Liabilitie
Solution
Transaction
Assets
=
Liabilities
+
shareholders equity
a)
cash
16,350
common stock
1090
additional paid in capital
15,260
b)
equipment
7,700
accounts payable
3,300
cash
1,400
C)
cash
6,000
notes payable
6,000
d)
notes receivable
900
cash
900
e)
land
15,858
mortgage notes payable
10,858
cash
5,000
| Transaction | Assets | = | Liabilities | + | shareholders equity | |||
| a) | cash | 16,350 | common stock | 1090 | ||||
| additional paid in capital | 15,260 | |||||||
| b) | equipment | 7,700 | accounts payable | 3,300 | ||||
| cash | 1,400 | |||||||
| C) | cash | 6,000 | notes payable | 6,000 | ||||
| d) | notes receivable | 900 | ||||||
| cash | 900 | |||||||
| e) | land | 15,858 | mortgage notes payable | 10,858 | ||||
| cash | 5,000 |

