Equation Accounting Assingment Help With Solution

Equation Accounting Assingment Help With Solution

Show the effect of the following transactions on the accounting equation using the following headings:

BankAccounts ReceivableVehiclesEquipment
ExpensesDrawingsAccounts PayableLoan
May1Willy Whizz commenced business as a builder. He opened a bank account for the business with his cash26,000
2Paid one month’s rent for the workshop250
3Purchased a truck from Used Trucks Ltd8,000
4Paid Used Trucks Ltd on account4,000
5Obtained a loan for the business from T Drage10,000
7Paid Used Trucks Ltd the balance owing4,000
8Purchased equipment on credit from Mountain Equipment Supplies Ltd1,500
9Paid rates on private residence600
10Paid Tokaanu garage for petrol50
11Purchased hardware (expenses) from Tongariro Hardware on credit350
12Invoiced T Roberts paid account in full6,500
17T Roberts paid account in full 
19Paid Ruaoehu Press for advertising150
30Will draw a cheque for living expenses350

How it Works

How It works ?

Step 1:- Click on Submit your Assignment here or shown in left side corner of every page and fill the quotation form with all the details. In the comment section, please mention product code mentioned in end of every Q&A Page. You can also send us your details through our email id support@assignmentconsultancy.com with product code in the email body. Product code is essential to locate your questions so please mentioned that in your email or submit your quotes form comment section.
Step 2:- While filling submit your quotes form please fill all details like deadline date, expected budget, topic , your comments in addition to product code . The date is asked to provide deadline.
Step 3:- Once we received your assignments through submit your quotes form or email, we will review the Questions and notify our price through our email id. Kindly ensure that our email id assignmentconsultancy.help@gmail.com and support@assignmentconcultancy.com must not go into your spam folders. We request you to provide your expected budget as it will help us in negotiating with our experts.
Step 4:- Once you agreed with our price, kindly pay by clicking on Pay Now and please ensure that while entering your credit card details for making payment, it must be done correctly and address should be your credit card billing address. You can also request for invoice to our live chat representatives.
Step 5:- Once we received the payment we will notify through our email and will deliver the Q&A solution through mail as per agreed upon deadline.
Step 6:-You can also call us in our phone no. as given in the top of the home page or chat with our customer service representatives by clicking on chat now given in the bottom right corner.


Features for Assignment Help

Zero Plagiarism
We believe in providing no plagiarism work to the students. All are our works are unique and we provide Free Plagiarism report too on requests.


We believe in providing perfect, relevant and 100% accurate solutions to the student as per questions asked. All our experts are perfect in providing that so as to give unique experience to the students.


Three Stage Quality Check
We are the only service providers boasting of providing original, relevant and accurate solutions. Our three stage quality process help students to get perfect solutions.



100% Confidential
All our works are kept as confidential as we respect the integrity and privacy of our clients.

Related Services



Income Statement, Balance Sheet And Statement Of Changes In Equity

Accounts Payable16,000
Accounts Receivable30,000
Land & Buildings50,000
Capital (1/4/20X4)98,000
Cost of Sales60,000
Computer Equipment20,000
Telephone and Power8,000
Wages and Salaries40,000

The following has not yet been recorded

  • The owner contributed a computer printer worth $800
  • The owner took $5,000 cash to pay for a holiday
  • The owner took goods worth $600 for personal use.
  • The Advertising includes $50 paid for an advertisement for the sale of the owner’s private
  • Land & Buildings has been revalued at $150,000


Product Code :Acc36

To get answer for this question, kindly click here (Note: Don’t forget to write the product code in comment section)

You can also email us at assignmentconsultancy.help@gmail.com but please mentioned product code in the mail body while sending emails.You can browse more questions to get answer in our Q&A sections here.

User Rating
5 based on 1 votes