Determine the ending balances of the accounts (Cash, Supplies, Equipment, Account Payable, and Note Payable)...
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Accounting
Determine the ending balances of the accounts (Cash, Supplies, Equipment, Account Payable, and Note Payable)
| DR | CR | ||
| a) | Cash | $3,900.00 | |
| Note Payable | $ 3,900.00 | ||
| b) | Equipment | $1,000.00 | |
| Note Payable | $ 1,000.00 | ||
| c) | Supplies | $300.00 | |
| Cash | $300.00 | ||
| d) | Supplies | $700.00 | |
| Account Payable | $700.00 | ||
| e) | Note Payable | $900.00 | |
| Cash | $900.00 |
For example, The ending balance of the 'Equipment' account is $1000 DR
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