1.

Assets = liabilities + owner's equity

office Account Prepaid
Cash land equipment supplies receivable insurance Unearned revenue Notes payable A/C payable Capital
1-Oct 40000 40000
-
2-Oct 28000 28000
8-Oct -3000 12000 9000
10-Oct 800 800
16-Oct 2000 2000
20-Oct 1000 4000 5000
25-Oct 4000 -4000
28-Oct -2500 -2500
30-Oct -1000 -1000
31-Oct -1000 1000
11500 28000 12000 800 0 1000 2000 9000 800 41500
Total assets =53300 Total L + O =53300
3.

Date Explanation Dr Cr
1-Oct cash 40000
capital 40000
2-Oct Land 28000
Cash 28000
8-Oct Equipment 12000
notes payable 9000
cash 3000
10-Oct office supplies 800
A/C payable 800
16-Oct Cash 2000
unearned
revenue 2000
20-Oct Cash 1000
A/C receivable 4000
Service revenue 5000
25-Oct cash 4000
A/C receivable 4000
28-Oct Wages expenses 2500
cash 2500
withdraw
30-Oct Expenses 1000
cash 1000
31-Oct Prepaid insurance 1000
cash 1000
4.

Cash A/C payable

Dr Cr Dr Cr
40000 800
28000 0 800
3000 800 credit balance
2000
1000
4000
2500
1000
1000
47000 35500
11500 Debit balance