1) The document shows a series of transactions by Hemphill Enterprise, Inc. over the month involving the sale of stock, purchase of assets, expenses, and revenues. 2) Key transactions include the sale of stock for cash and equipment, purchase of a building partly with cash and a note, purchase of supplies and equipment, billing and collection from a client, and an advertising expense. 3) The document tracks these transactions and their impact on account balances through a T-account format.

2. Transaction Analysis (problem 2.1)
Hemphill Enterprise, Inc.
Month of x, 200y
ASSETS LIABILITIES OWNERS' EQUITY
= +
Office Office Accounts Accounts Notes Common Retained
Cash Building Supplies Equipment Receivable Payable Payable Stock Earning

3. Transaction Analysis
Hemphill Enterprise, Inc.
Month of x, 200y
ASSETS = LIABILITIES + OWNERS' EQUITY
Office Office Accounts Accounts Notes Common Retained
Cash Building Supplies Equipment Receivable Payable Payable Stock Earning
a 60000 30000 90000
Transaction :
a.. Sold 9000 share of TK 10 par value common stock in exchange tk 60000 cash and office equipment tk 30000

4. Transaction Analysis
Hemphill Enterprise, Inc.
Month of x, 200y
ASSETS = LIABILITIES + OWNERS' EQUITY
Office Office Accounts Accounts Notes Common Retained
Cash Building Supplies Equipment Receivable Payable Payable Stock Earning
a 60000 30000 90000
b (50000 300000 250000
)
Transaction :
a.. Sold 9000 share of TK 10 par value common stock in exchange tk 60000 cash and office equipment tk 30000
b. Purchase a small building for tk 300000 in which 50000 cash & signed a note payable for 250000

5. Transaction Analysis
Hemphill Enterprise, Inc.
Month of x, 200y
ASSETS = LIABILITIES + OWNERS' EQUITY
Office Office Accounts Accounts Notes Common Retained
Cash Building Supplies Equipment Receivable Payable Payable Stock Earning
a 60000 30000 90000
b (50000 300000 250000
c )
(4000) 4000
Transaction :
a.. Sold 9000 share of TK 10 par value common stock in exchange tk 60000 cash and office equipment tk 30000
b. Purchase a small building for tk 300000 in which 50000 cash & signed a note payable for 250000
c. Purchase 4000 of office supplies for cash

6. Transaction Analysis
Hemphill Enterprise, Inc.
Month of x, 200y
ASSETS = LIABILITIES + OWNERS' EQUITY
Office Office Accounts Accounts Notes Common Retained
Cash Building Supplies Equipment Receivable Payable Payable Stock Earning
a 60000 30000 90000
b (50000 300000 250000
c )
(4000) 4000
d 36000 36000
Transaction :
a.. Sold 9000 share of TK 10 par value common stock in exchange tk 60000 cash and office equipment tk 30000
b. Purchase a small building for tk 300000 in which 50000 cash & signed a note payable for 250000
c. Purchase 4000 of office supplies for cash
d. Purchase 36000 of office equipment on credit

7. Transaction Analysis
Hemphill Enterprise, Inc.
Month of x, 200y
ASSETS = LIABILITIES + OWNERS' EQUITY
Office Office Accounts Accounts Notes Common Retained
Cash Building Supplies Equipment Receivable Payable Payable Stock Earning
a 60000 30000 90000
b (50000 300000 250000
c (4000)
) 4000
d 36000 36000
e 4000 4000 Revenue
Transaction :
a.. Sold 9000 share of TK 10 par value common stock in exchange tk 60000 cash and office equipment tk 30000
b. Purchase a small building for tk 300000 in which 50000 cash & signed a note payable for 250000
c. Purchase 4000 of office supplies for cash
d. Purchase 36000 of office equipment on credit
e. Completed a project on credit and billed the clients
4000

8. Transaction Analysis
Hemphill Enterprise, Inc.
Month of x, 200y
ASSETS = LIABILITIES + OWNERS' EQUITY
Office Office Accounts Accounts Notes Common Retained
Cash Building Supplies Equipment Receivable Payable Payable Stock Earning
a
60000 30000 90000
b
(50000 300000 250000
c (4000)
) 4000
d
36000 36000
e 4000 4000 Revenue
f (1000) (1000) Expense
Transaction :
a.. Sold 9000 share of TK 10 par value common stock in exchange tk 60000 cash and office equipment tk 30000
b. Purchase a small building for tk 300000 in which 50000 cash & signed a note payable for 250000
c. Purchase 4000 of office supplies for cash
d. Purchase 36000 of office equipment on credit
e. Completed a project on credit and billed the clients
f. Advertisement expense 1000
4000

9. Transaction Analysis
Hemphill Enterprise, Inc.
Month of x, 200y
ASSETS = LIABILITIES + OWNERS' EQUITY
Office Office Accounts Accounts Notes Common Retained
Cash Building Supplies Equipment Receivable Payable Payable Stock Earning
a
60000 30000 90000
b
(50000 300000 250000
c (4000)
) 4000
d
36000 36000
e 4000 4000 Revenue
f (1000) (1000) Expense
g 18000 18000 Revenue
Transaction :
a.. Sold 9000 share of TK 10 par value common stock in exchange tk 60000 cash and office equipment tk 30000
b. Purchase a small building for tk 300000 in which 50000 cash & signed a note payable for 250000
c. Purchase 4000 of office supplies for cash
d. Purchase 36000 of office equipment on credit
e. Completed a project on credit and billed the clients
f. Advertisement expense 1000
4000
g. Completed a projected and collected 18000 cash

10. Transaction Analysis
Hemphill Enterprise, Inc.
Month of x, 200y
ASSETS = LIABILITIES + OWNERS' EQUITY
Office Office Accounts Accounts Notes Common Retained
Cash Building Supplies Equipment Receivable Payable Payable Stock Earning
a
60000 30000 90000
b
(50000 300000 250000
c (4000)
) 4000
d
36000 36000
e 4000 4000 Revenue
f (1000) (1000) Expense
g 18000 18000 Revenue
h (2000) (2000)
Transaction :
a.. Sold 9000 share of TK 10 par value common stock in exchange tk 60000 cash and office equipment tk 30000
b. Purchase a small building for tk 300000 in which 50000 cash & signed a note payable for 250000
c. Purchase 4000 of office supplies for cash
d. Purchase 36000 of office equipment on credit
e. Completed a project on credit and billed the clients
f. Advertisement expense 1000
4000
g. Completed a projected and collected 18000 cash
h. Paid 2000 against transaction d

11. Transaction Analysis
Hemphill Enterprise, Inc.
Month of x, 200y
ASSETS = LIABILITIES + OWNERS' EQUITY
Office Office Accounts Accounts Notes Common Retained
Cash Building Supplies Equipment Receivable Payable Payable Stock Earning
a
60000 30000 90000
b
(50000 300000 250000
c (4000)
) 4000
d
36000 36000
e 4000 4000 Revenue
f (1000) (1000) Expense
g 18000 18000 Revenue
h (2000) (2000)
i 3000 (3000)
Transaction :
a.. Sold 9000 share of TK 10 par value common stock in exchange tk 60000 cash and office equipment tk 30000
b. Purchase a small building for tk 300000 in which 50000 cash & signed a note payable for 250000
c. Purchase 4000 of office supplies for cash
d. Purchase 36000 of office equipment on credit
e. Completed a project on credit and billed the clients
f. Advertisement expense 1000
4000
g. Completed a projected and collected 18000 cash
h. Paid 2000 against transaction d
i. Receive 3000 against transaction e

12. Transaction Analysis
Hemphill Enterprise, Inc.
Month of x, 200y
ASSETS = LIABILITIES + OWNERS' EQUITY
Office Office Accounts Accounts Notes Common Retained
Cash Building Supplies Equipment Receivable Payable Payable Stock Earning
a
60000 30000 90000
b
(50000 300000 250000
c (4000)
) 4000
d
36000 36000
e 4000 4000 Revenue
f (1000) (1000) Expense
g 18000 18000 Revenue
h (2000) (2000)
i 3000 (3000)
j (2500) (2500) Expense
Transaction :
a.. Sold 9000 share of TK 10 par value common stock in exchange tk 60000 cash and office equipment tk 30000
b. Purchase a small building for tk 300000 in which 50000 cash & signed a note payable for 250000
c. Purchase 4000 of office supplies for cash
d. Purchase 36000 of office equipment on credit
j. Wages paid cash 2500
e. Completed a project on credit and billed the clients
f. Advertisement expense 1000
4000
g. Completed a projected and collected 18000 cash
h. Paid 2000 against transaction d
i. Receive 3000 against transaction e

13. Transaction Analysis
Hemphill Enterprise, Inc.
Month of x, 200y
ASSETS = LIABILITIES + OWNERS' EQUITY
Office Office Accounts Accounts Notes Common Retained
Cash Building Supplies Equipment Receivable Payable Payable Stock Earning
a
60000 30000 90000
b
(50000 300000 250000
c (4000)
) 4000
d
36000 36000
e 4000 4000 Revenue
f (1000) (1000) Expense
g 18000 18000 Revenue
h (2000) (2000)
i 3000 (3000)
j (2500) (2500) Expense
k. (1800) (1800) Dividend
Transaction :
a.. Sold 9000 share of TK 10 par value common stock in exchange tk 60000 cash and office equipment tk 30000
b. Purchase a small building for tk 300000 in which 50000 cash & signed a note payable for 250000
c. Purchase 4000 of office supplies for cash
d. Purchase 36000 of office equipment on credit
j. Wages paid cash 2500
e. Completed a project on credit and billed the clients
f. Advertisement expense 1000 k. Declared and paid a 1800 cash dividend
4000
g. Completed a projected and collected 18000 cash
h. Paid 2000 against transaction d
i. Receive 3000 against transaction e

14. Transaction Analysis
Hemphill Enterprise, Inc.
Month of x, 200y
ASSETS = LIABILITIES + OWNERS' EQUITY
Office Office Accounts Accounts Notes Common Retained
Cash Building Supplies Equipment Receivable Payable Payable Stock Earning
a
60000 30000 90000
b
(50000 300000 250000
c (4000)
) 4000
d
36000 36000
e 4000 4000 Revenue
f (1000) (1000) Expense
g 18000 18000 Revenue
h (2000) (2000)
i 3000 (3000)
j (2500) (2500) Expense
k. (1800) (1800) Dividend
19700 300000 4000 66000 1000 34000 250000 90000 16700
390700 390700
Equal
Transaction :
a.. Sold 9000 share of TK 10 par value common stock in exchange tk 60000 cash and office equipment tk 30000
b. Purchase a small building for tk 300000 in which 50000 cash & signed a note payable for 250000
c. Purchase 4000 of office supplies for cash
d. Purchase 36000 of office equipment on credit
j. Wages paid cash 2500
e. Completed a project on credit and billed the clients
f. Advertisement expense 1000 k. Declared and paid a 1800 cash dividend
4000
g. Completed a projected and collected 18000 cash
h. Paid 2000 against transaction d
i. Receive 3000 against transaction e

15. Transaction Analysis
Hemphill Enterprise, Inc.
Month of x, 200y
ASSETS = LIABILITIES + OWNERS' EQUITY
Office Office Accounts Accounts Notes Common Retained
Cash Building Supplies Equipment Receivable Payable Payable Stock Earning
a
60000 30000 90000
b
(5000 300000 25000
c 0) 0
d
(4000) 4000 Income Statement
36000 36000
e 4000 4000 Revenue
f (1000) (1000) Expense
g 18000 18000 Revenue
h (2000) (2000) Hemphill Enterprise, Inc.
i 3000 (3000) Income Statement
j (2500) (2500) Expense For the month ending x 31, 200y
k. (1800) (1800) Dividend
19700 300000 1000 66000 4000 34000 250000 90000 16700
Revenues:
390700 390700 Service Revenue 22,000
Less Expenses:
Advertisement 1000
secretary wages 2500
Total Expenses 3,500
Net Income 18,500
Notice that Dividends
Declared are not included
in the Income Statement

16. Income Statement
Hemphill Enterprise, Inc.
Income Statement
For the month ending x 31, 200y
Revenues:
Service Revenue 22,000
Less Expenses:
Advertisement 1000
secretary wages 2500
Total Expenses 3,500
Net Income 18,500

17. Return On Equity: OWNERS' EQUITY
Common Retained
Stock Earning
90000
Net Income 4000
(1000)
Beginning Stockholder’s 18000
equity (2500)
(1800)
18500
= 90000
= 20.56% Income Statement
Hemphill Enterprise, Inc.
Income Statement
For the month ending x 31, 200y
Revenues:
Service Revenue 22,000
Less Expenses:
Advertisement 1000
secretary wages 2500
Total Expenses 3,500
Net Income 18,500

18. This organization has a good return
(20.56%) comparatively alternate
investment’s return (12%) for the same
period. So, The business use the investors’
money successfully.

19. TTTTTthank you
By:
Mrinal Kanti Das
Roll: 114452
Department of accounting & information system
Jagannath University , dhaka