Received cash from owner as an investment. $2.000 00
2 Paid cash for insurance. $600.00
Bought supplies on account from Swan's Supply Company. S100 00
4 Bought supplies on account from York Company, $500.00
5. Paid cash on account to Swan's Supply Company, $100.00
6 Paid cash on account to York Company, $300.00.
7. Paid cash for supplies, $500.00.
8. Received cash from owner as an investment, $500.00
INSTRUCTIONS:
For each transaction, complete the following Transaction 1 is given as an examp
a. Analyze the transaction to determine which accounts in the accounting equation
affected
b. Write the amount in the appropriate columns using a plus (+) if the account increases
minus (-) if the account decreases.
c. For transactions that change owner's equity, write in parentheses
ange owner's equity write in parentheses a description of the
transaction to the right of the amount.
d. Calculate the new balance for each account in the accounting equation.
e. Before going on to the next transaction determine that the accounting equauon 3
balance.
PROBLEM
2-2 Preparing a balance sheet from information in an accounting exilation
On September 30 the Steffens Company's accounting equation indicated the following
account balances,
Assets
Trans.
No.
Cash
+
Supplies
150
+
T
Prepaid
Insurance
300
300
- Morton
Company
Steve Steins,
Cats
1,400
New Bal.
1,200
250
INSTRUCTIONS:
Using the September 30 balance in the accounting equation, prepare a balance sheet for the
Steffens Company.

steering wheels are always situated on the left side of the car.

always drive on the right side of the road.

white lines separate lanes of traffic traveling the same direction.

hashed or broken lines means you may change lanes when it is safe.

solid white lines mean stay in your lane.

yellow lines separate traffic moving in opposing directions.

hashed or broken yellow lines mean you can carefully pass, paying attention to oncoming traffic.

never cross a solid yellow line (or double yellow line).

when turning left at an intersection, pass in front of any cars that are turning left from the opposing direction (do not try to pass behind them).

use the left lane to pass other cars traveling your direction.

do not pass in the right lane unless absolutely necessary.

if you are driving in the far left hand lane and someone would like to pass you, move over to the right lane when it is safe to do so and allow them to pass.

you must always yield to pedestrians.

come to a complete stop whenever you see pedestrians trying to cross the street.

never pass a school bus if it has flashing red lights. wait until the lights have stopped.

be aware of bicyclists. often they share the road with cars and are supposed to also follow general traffic laws.

be particularly careful about driving in cities with bike lanes -- always check before turning that a bike is not coming.

it is mandatory to pull over or stop at an intersection to allow an emergency vehicle to pass you if you see one traveling with lights flashing and/or a siren running.

do not overuse your car horn. horns are used almost exclusively for emergency situations or for when you feel unsafe.

explanation:

false! basically!

i hope i'm correct.