Guided walkthrough — read-only
Sam Fernandez and the Solana Beach Bicycle Company
A four-day tour of a brand-new business, transaction by transaction. Watch the journal entry, the balance sheet, and the income statement update together. Nothing posts to your book — this is a learning sandbox.
Day 1 — Sam invests $10,000 of her own savings.
Sam takes $10,000 from her personal savings account and deposits it into the new business bank account.
Two accounts touched: Cash (asset, up) and Owner's Capital (equity, up). Sam's personal money becomes business money — that's the separate-entity principle in action. Mott Ch 1 #1 / Label Ch 6.
Journal entry
| Cash (1010) | 10000 | |
| Owner's Capital (3000) | 10000 |
Balance sheet after
Assets
Cash10000
Liabilities
—
Equity
Owner's Capital10000
Income statement (period-to-date)
No revenue or expense yet.