Mid Term Exam Solution.

Sheet3 Sheet2 Sheet1 Journals Ref Description DR CR Equipment Capital Cash Revenue Accounts Receivable Withdrawals Ledger Assets Bals Liabilities and Equity dr cr Trial Balance Income Statement Sales Revenue Less Expenses Total Expenses Net Income Statement Owners Equity Opening Balance Capital Introduced Closing Balance Balance Sheet Total Assets Equity Total Liabilities and Equity Prepaid Rent Office Supplies Accounts Payable Insurance Prepaid Prepaid Insurance Supplies PP Rent PP Insurance Pre Paid Rent Pre Paid Insurance P 86 Success Systems October transactions Repairs Expense Advertising expense Salary Expense Cash/Equipment Acc Payable Acc Receivable Advertising Expense Acc Receivabele Salary Exp Success Systems October Theory: Check notes and book 0.00 00000.00 00000.00 00000.00 0.00 0000.00 0000.00 0.00 0000.00 0000.00 0.00 0000.00 0000.00 0.00 0000.00 0000.00 0.00 0000.00 0000.00 00.00 0000.00 0000.00 00.00 0000.00 0000.00 00.00 000.00 000.00 00.00 0000.00 0000.00 00.00 0000.00 0000.00 00.00 0000.00 0000.00 00.00 000.00 000.00 00.00 0000.00 0000.00 0.00 00000.00 00000.00 0.00 0000.00 00000.00 0.00 0000.00 00000.00 0.00 0000.00 00000.00 00.00 0000.00 00000.00 00.00 000.00 00000.00 00.00 0000.00 00000.00 00.00 0000.00 00000.00 00.00 000.00 00000.00 00.00 0000.00 00000.00 0.00 00000.00 00000.00 0.00 0000.00 0000.00 0.00 0000.00 0000.00 0.00 0000.00 0000.00 0.00 0000.00 0000.00 00.00 0000.00 0000.00 00.00 0000.00 0000.00 00.00 0000.00 00.00 0000.00 0000.00 0.00 00000.00 00000.00 00.00 0000.00 0000.00 0.00 0000.00 0000.00 0.00 0000.00 0.00 0000.00 0000.00 00.00 0000.00 0000.00 00.00 0000.00 00000.00 00.00 000.00 000.00 00.00 0000.00 0000.00 00.00 000.00 000.00 00000.00 00000.00 0000.00 0000.00 0000.00 0000.00 00000.00 0000.00 00000.00 000.00 0000.00 000.00 00000.00 00000.00 00000.00 000.00 0000.00 000.00 0000.00 0000.00 0.00 00000.00 0000.00 00000.00 0000.00 00000.00 10/31/2009 00000.00 00000.00 00000.00 0000.00 0000.00 0000.00 0000.00 00000.00 00000.00