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College Accounting
John Price, University of North Texas
M. David Haddock, Chattanooga State Technical Comm. College
Horace Brock, University of North Texas
Connie Hahn, Southern Alberta Institute of Technology
Traven Reed, Canadore College
Analyzing Business Transactions

Demonstration Problems

The account balance for Raymond Rivet for the month of January 20X4 are shown below in random order.

Rent Expense 2000
Fees earned 34560
Accounts Payable 7456
Salaries Expense 11890
Cash 45569
Advertising Expense 1250
Office Equipment 12780
Raymond Rivet, Draw 3789
Accounts Receivable 7450
Raymond Rivet, Capital (January 1) ?

Required: Determine the balance for Raymond Rivet, Capital on January 1, 20X4

After trying to solve the problem on your own, click here to view the solution.





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