Analyze the Following Transactions in the Balance Sheet Equation Using

Essay

Analyze the following transactions in the balance sheet equation using the following worksheet.
1.Initial investment of $300,000 by the owner
2.Acquire equipment for $25,000 cash
3.Acquire inventory for $6,000 on credit
4.Obtain loan of $15,000 from the bank
5.Returned $600 of inventory to supplier
6.Payment to creditor for amount of inventory purchase less amount returned
$\begin{array}{l}\begin{array} { |c|r|r|r} \hline \text { Transaction } & \text { Cash } & \text { Inventory } \\\hline 1 & & \\\hline 2 & & \\\hline 3 & & \\\hline 4 & & \\\hline 5 & & \\\hline 6 & &\\\hline\end{array}\begin{array} { r|r|r|r|} \hline\text { Equipment } &\text {Note Payable }&\text {Accounts Payable }& \text { Capital } \\\hline & & & \\\hline& & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & &&\\\hline\end{array}\end{array}$