Following Is a List of Events for Manning Cleaning for the Month

question 117

Essay

Following is a list of events for Manning Cleaning for the month of April. Show the effects in dollars of these events on the accounting equation by completing the table below.
April 1 Owner invested $10,000 cash and equipment valued at
$25,000 into the business.
3 Purchased $5,500 of equipment on account.
5 Purchased $400 of supplies for cash.
10 Bought a truck, paying $4,000 in cash and signing a note for $11,000.
14 Performed services for a customer for $1,850 cash.
15 Paid employee wages of $1,200.
18 Paid $2,000 on the equipment purchased on April 3.
24 Performed services for a customer on account, $2,500.
27 Collected $500 from the customer of April 24.
30 Owner withdrew $900 cash for personal use. $\begin{array} { | r | l | l | l | l | l | l | l | l | } \hline \text { Date } & \text { Cash } & \text { A/R } & \text { Supp. } & \text { Equip. } & \text { Truck } & \text { A/P } & \text { N/P } & \text { Capital } \\\hline \text { Apr. 1 } & & & & & & & & \\\hline 3 & & & & & & & & \\\hline 5 & & & & & & & & \\\hline 10 & & & & & & & & \\\hline 14 & & & & & & & & \\\hline 15 & & & & & & & & \\\hline 18 & & & & & & & & \\\hline 24 & & & & & & & & \\\hline 27 & & & & & & & & \\\hline 30 & & & & & & & & \\\hline \text { Totals } & & & & & & & & \\\hline\end{array}$

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Definitions:

Actual Performance

The real or observed output, results, or productivity of an individual or organization, as opposed to expected or planned performance.

Historical

Pertaining to events, situations, or conditions from the past that are studied and considered significant.

Relative

A term describing something in comparison or relation to something else, considering its context or situation.

Engineering

The application of scientific, mathematical, and empirical principles and knowledge to innovate, design, develop, maintain, and improve structures, machines, devices, systems, materials, and processes.