Prepaid Rent Cash Assignment
10. On August 31, the corporate paid $1,500 upfront for three months lease. Title of Acconnts Affected:
Pay as you go Lease Money Kind of Account Asset Asset Query three: The accounting equation is Property Liabilities +Proprietor's Fairness. For the next, decide the quantity in query for every particular person state of affairs. (10 factors, 2 factors per reply) Proprietor's Fairness Liabilities Property = $45,000 $20,000 ??? 1 $34,000 $100,000 2 S40,000 ??? $154,000 three $78,000 $250,000 ??? ??? four $49,000 $63,000 Query four: Use the next data to create a Trial Stability for the corporate. As of October 31 the corporate, ABC Providers, had the next account balances: (20 factors) Money $11,500 14,000 three,250 Accounts Receivable Workplace Provides Land 46,000 Workplace Gear 18,000 Accounts Pavable eight.500. .