## (solution) I am having trouble trying to get my accounting equation to match

I am having trouble trying to get my accounting equation to match for question 20.

 Requirements: 1 Enter the transactions for May into the accounting equation, calculating new balances after each entry. Assets = Liabilities + Stockholders' Equity Cash + Accounts receivable + Supplies + Equipment Accounts payable Common stock + Service revenue - Salaries expense - Rent Expense April Bal. \$1,540.00 + \$3,680.00 + + \$24,000.00 = \$5,100.00 + \$21,000.00 + \$5,100.00 - \$1,980.00 - 1-May \$10,000.00 \$10,000.00 \$11,540.00 + \$3,680.00 + + \$24,000.00 = \$5,100.00 + \$31,000.00 + \$5,100.00 - \$1,980.00 - 7-May -\$5,100.00 -\$5,100.00 \$6,440.00 + \$3,680.00 + + \$24,000.00 = + \$31,000.00 + \$5,100.00 - \$1,980.00 - 15-May \$5,000.00 \$5,000.00 \$11,440.00 + \$3,680.00 + + \$24,000.00 = + \$31,000.00 + \$10,100.00 - \$1,980.00 - 17-May -\$1,200.00 -\$1,200.00 \$10,240.00 + \$2,480.00 + + \$24,000.00 = + \$31,000.00 + \$10,100.00 - \$1,980.00 - 20-May \$1,000.00 \$1,000.00 \$10,240.00 + \$2,480.00 + + \$24,000.00 = \$1,000.00 + \$31,000.00 + \$10,100.00 - \$1,980.00 - 24-May \$10,240.00 + \$2,480.00 + + \$24,000.00 = \$1,000.00 + \$31,000.00 + \$10,100.00 - \$1,980.00 - 25-May \$10,240.00 + \$2,480.00 + + \$24,000.00 = \$1,000.00 + \$31,000.00 + \$10,100.00 - \$1,980.00 - 28-May \$10,240.00 + \$2,480.00 + + \$24,000.00 = \$1,000.00 + \$31,000.00 + \$10,100.00 - \$1,980.00 - 30-May \$10,240.00 + \$2,480.00 + + \$24,000.00 = \$1,000.00 + \$31,000.00 + \$10,100.00 - \$1,980.00 - 30-May Bal. \$10,240.00 + \$2,480.00 + + \$24,000.00 = \$1,000.00 + \$31,000.00 + \$10,100.00 - \$1,980.00 -
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 20-May Smith purchased supplies for \$1,000 on account

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Sep 13, 2020

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