1. Analyzing Changes in Financial Position3 1

2. Figure 3.1: Metropolitan Movers Balance Sheet
PowerPoint 3– Chapter 3
Figure 3.1: Metropolitan Movers Balance Sheet 2

3. Transactions for Metropolitan Movers
PowerPoint 3–2 (part 1) Chapter 3
Transactions for Metropolitan Movers
Transaction 1
Metropolitan Movers pays $1200 cash to reduce the
Bank Loan.
Transaction 2
K. Lincoln, who owes Metropolitan Movers $2500, pays $1100 in partial payment of the debt.
Transaction 3
Equipment costing $1950 is purchased for cash.
Transaction 4
A pick-up truck is purchased at a cost of $ Metropolitan Movers pays $ cash and arranges a loan from its bank to cover the balance of the purchase price. 3

4. Transactions for Metropolitan Movers
PowerPoint 3–2 (part 2) Chapter 3
Transactions for Metropolitan Movers
Transaction 5
Metropolitan Movers completes a storage service for
B. Cava at a price of $1500. A bill is sent to Cava to indicate the additional amount that is owed.
Transaction 6
J. Hofner, the owner, withdraws $500 for personal use.
Transaction 7
One of the trucks requires an engine adjustment costing $375. The repair is paid for in cash when the truck is picked up. 4

5. Figure 3.9: Completed Equation Analysis Sheet for Metropolitan Movers
PowerPoint 3– Chapter 3
Figure 3.9: Completed Equation Analysis Sheet for Metropolitan Movers 5