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Tutorial 2-1.docx

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Department
Administration
Course Code
ADM1340
Professor
Don't Know

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ADM 1340 M & P INTRODUCTORY FINANCIALACCOUNTING Tutorial 2 P3-1A OnApril 1,Adventures TravelAgency, Inc. commenced operations. These transactions were completed during the month: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. Instructions (a) Prepare a tabular analysis of the effects of the above transactions on the accounting equation. (b) From an analysis of the retained earnings accounts (revenues, expenses, and dividends), calculate the ending balance in Common Shares, Retained Earnings, and total Shareholders' Equity. P3-8A Pamper Me Salon Inc.'s general ledger atApril 30, 2012, included the following: Cash $7,000; Supplies $500; Equipment $24,000;Accounts Payable $2,100; Bank Loa
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