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Enter the appropriate amounts/formulas in the answer cells, or select from the drop-down list.
An asterisk (*) will appear to the right of incorrect entries in outlined answer cells. For correct grading,
enter a zero where you would otherwise leave an amount cell blank.
a.
Cash
Accounts Receivable
Supplies
Equipment
Accounts Payable
Luis Chavez, Capital
Luis Chavez, Drawing
Service Revenue
Operating Expenses
b.
Service revenue
Operating expenses
Net income (loss)
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
Enter the appropriate amounts/formulas in the answer cells, or select from the drop-down list.
An asterisk (*) will appear to the right of incorrect entries in outlined answer cells. For correct grading,
enter a zero where you would otherwise leave an amount cell blank.
Cash 62,300 –
Accounts Receivable 8,500 –
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.