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Xytech

In: Business and Management

Submitted By jrome026
Words 915
Pages 4
Case 9–1: Xytech, Inc.*

|20x0 | | | |
|a. |dr. A&CL |300,000 | |
| |cr. Able, Capital | |100,000 |
| |Baker, Capital | |100,000 |
| |Cabot, Capital | |100,000 |
| | | | |
|b. |dr. A&CL |100,000 | |
| |cr. Notes Payable | |100,000 |
| | | | |
|c. |dr. Able, Capital |18,000 | |
| |Baker, Capital |18,000 | |
| |Cabot, Capital |18,000 | |
| |cr. A&CL (Income and Expense Summary) |…...

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