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 Liabilities + Owner’s Equity

$98,060

 Accounts
Payable
Notes
Payable
Unearned
Revenue
Sugar Eclair,
Capital
       

Decrease Increase Decrease Increase Decrease Increase Decrease Increase  
Exp. Rev.
735 8,200
   
735 8,200
 
185
  50,000      
47,285
          590    
  185   50,000   590   47,285
   
   
 Liabilities + Owner’s Equity

$96,060

 Accounts
Payable
Notes
Payable
Unearned
Revenue
Sugar Eclair,
Capital
       

Decrease Increase Decrease Increase Decrease Increase Decrease Increase  
Exp. Rev.
735 8,200
   
735 8,200
 
185
  50,000  
590
 
47,285
            2,000  
  185   50,000   590   45,285
                 
 Liabilities + Owner’s Equity

$97,560

 Accounts
Payable
Notes
Payable
Unearned
Revenue
Sugar Eclair,
Capital
       

Decrease Increase Decrease Increase Decrease Increase Decrease Increase  
Exp. Rev.
735 8,200
   
735 8,200
 
185
  50,000  
590
 
45,285
  1,500            
  1,685   50,000   590   45,285
Learning Goal 11, continued
SOLUTIONS
 
Learning Goal 11: Begin to Record
 
S11
 

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