Assets and Liabilities: Understanding Cash, Receivables, and

School: University of Cincinnati, Main Campus - Course: ACCOUNTING 2 - Subject: Accounting

AssetsLiabilities + equity Cash8+Preparedinsur7ance equipmentAccountreceivable=KacySpadecapitalKacyspadewithdrawal 48Revenue forprovide a costumer expenses 29598989898987898787 9848948456468468489489894 89489408948489489489489489489 464654489894567861561561 5615615056.01061605464648264862426545645 6 45601564564564564564256456414814824086151 5156165156161651651651561651651561 65156$1575 $94850$10,000 $2541107725$107725 i

DateAccount titles andExplanation PRDebitCredit 1CashKacy Spade Capital100,750 100,750 2CashOffice Supplies$1250 $1250 3EquipmentAccount payable$10050 $10050 4CashRevenue$15500 $15500 5CashAccount Payable$10050 $10050 6Account receivableRevenue$2700 $2700 7CashExpenses$1225 $1225 8CashAccount receivable$1125 $1125 9Kacy Spade withdrawalCash$10000 $10000 Total152650152650