Acc 205 Principles of Accounting I
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ACC 205 Week 1 Assignment
Robert A. Wood Sr.
ACC 205 Principles of Accounting I
Instructor: Edward Kaplan
4/29/2012
Analyze the effects of these events on the accounting equation of the medical practice of Caren Smith, M.D. Use a format similar to that of Exhibit 1-6, with headings for Cash; Medical supplies; Land; Accounts payable; and Smith, capital.
| | | |
| | | |
|Analysis of transactions | | |
| | | |
| | | TYPE OF OE |
|ASSETS | |LIABILITIES + OWNER'S EQUITY TRANSACTION |
| Medical | | Accounts Smith, |
| Cash + supplies + Land | | payable + capital |
| +55,000 | | +55,000 Owner investment |
| -46,000...
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