Question

nework Required information The following information applies to the questions displayed below Athletic Performance Company (APC) was incorporated as a private company. The companys accounts included the folowing at July 1 Accounts Payable Buildings Cash Common Stock Equipment Land $ 7,30 188,800 12,450 327,080 42,000 124,800 Notes Payable (long 31,750 Retained Earnings Supplies 7,600 During the month of July, the company had the following activities a Issued 4,200 shares of common stock for $420,000 cash b Borrowed $33.250 cash from a local bank, payable in two years <Prev 567c14 İİİ Next >
肏 ㄧ凸https:/ pter 2 Homework a Issued 4.200 shares of common stock for $420,000 cash. b Borrowed $33,250 cash from a local bank, payable in two years c Bought a building for $153,500, paid $47,500 in cash and signed a three-year note for the balance d. Paid cash for equipment that cost $153,000 e. Purchased supplies for $19,100 on account art 4 of 6 14 4. Prepare a trial balance at July 31 Trial Balance References ,.re.. a® no a m 9
0 0
Add a comment Improve this question Transcribed image text
Know the answer?
Add Answer to:
nework Required information The following information applies to the questions displayed below Athletic Performance Company (APC)...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Required Information [The following information applies to the questions displayed below) Athletic Performance Company (APC) was...

    Required Information [The following information applies to the questions displayed below) Athletic Performance Company (APC) was incorporated as a private company. The company's accounts included the following at July 1 Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long- term) Retained Earnings Supplies $ 5,300 170,000 22,550 336,000 25,750 137,500 18,750 4,250 During the month of July, the company had the following activities: a. Issued 3,600 shares of common stock for $360,000 cash. b Borrowed $47.000 cash from...

  • Athletic Performance Company (APC) was incorporated as a private company. The company’s accounts included the following...

    Athletic Performance Company (APC) was incorporated as a private company. The company’s accounts included the following at July 1: Accounts Payable $ 5,950 Buildings 172,000 Cash 14,900 Common Stock 325,000 Equipment 34,500 Land 134,500 Notes Payable (long-term) 33,750 Retained Earnings 0 Supplies 8,800 During the month of July, the company had the following activities: Issued 4,000 shares of common stock for $400,000 cash. Borrowed $54,750 cash from a local bank, payable in two years. Bought a building for $176,250; paid...

  • [The following information applies to the questions displayed below.] Deliberate Speed Corporation (DSC) was incorporated as...

    [The following information applies to the questions displayed below.] Deliberate Speed Corporation (DSC) was incorporated as a private company. The company’s accounts included the following at June 30: Accounts Payable $ 27,400 Buildings 146,000 Cash 52,750 Common Stock 190,000 Equipment 140,000 Land 220,000 Notes Payable (long-term) 5,950 Retained Earnings 342,700 Supplies 7,300 During the month of July, the company had the following activities: Issued 6,000 shares of common stock for $600,000 cash. Borrowed $151,000 cash from a local bank, payable...

  • ! Required information (The following information applies to the questions displayed below.) Deliberate Speed Corporation (DSC)...

    ! Required information (The following information applies to the questions displayed below.) Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30: Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies $ 27,400 146,000 52,750 190,000 140,000 220,000 5,950 342,700 7,300 During the month of July, the company had the following activities: a. Issued 6,000 shares of common stock for $600,000 cash. b. Borrowed $151,000 cash...

  • NGLUNUBUOLIUR The following information applies to the questions displayed below) Deliberate Speed Corporation (DSC) was incorporated...

    NGLUNUBUOLIUR The following information applies to the questions displayed below) Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30: Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies $ 24,000 150,000 56,250 140,000 161,000 219,000 6,950 431,600 16,300 During the month of July, the company had the following activities: a. Issued 6,600 shares of common stock for $660,000 cash. b. Borrowed $178,000 cash from a...

  • Required information (The following information applies to the questions displayed below.) Deliberate Speed Corporation (DSC) was...

    Required information (The following information applies to the questions displayed below.) Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30: Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies $ 28,600 197,000 56,000 230,000 119,000 263,000 6,750 376,850 7,200 During the month of July, the company had the following activities: a. Issued 5,400 shares of common stock for $540,000 cash. b. Borrowed $119,000 cash from...

  • [The following information applies to the questions displayed below.] Bearings & Brakes Corporation (B&B) was incorporated...

    [The following information applies to the questions displayed below.] Bearings & Brakes Corporation (B&B) was incorporated as a private company. The company’s accounts included the following at June 30: Accounts Payable $ 88,000 Buildings 650,000 Cash 105,000 Common Stock 320,000 Equipment 178,000 Land 519,000 Notes Payable (long-term) 8,000 Retained Earnings 1,041,000 Supplies 5,000 During the month of July, the company had the following activities: A-Issued 4,400 shares of common stock for $440,000 cash. B-Borrowed $135,000 cash from a local bank,...

  • Required information (The following information applies to the questions displayed below.) Deliberate Speed Corporation (DSC) was...

    Required information (The following information applies to the questions displayed below.) Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30: Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies $ 28,600 197,000 56,000 230,000 119,000 263,000 6,750 376,850 7,200 During the month of July, the company had the following activities: a. Issued 5,400 shares of common stock for $540,000 cash. b. Borrowed $119,000 cash from...

  • Required information (The following information applies to the questions displayed below) Deliberate Speed Corporation (DSC) was...

    Required information (The following information applies to the questions displayed below) Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30: Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies $ 27,400 146,000 52,75e 190,000 140,000 220,000 5,950 342,700 7,300 During the month of July, the company had the following activities: a. Issued 6,000 shares of common stock for $600,000 cash. b. Borrowed $151,000 cash from...

  • I can't figure out the cash line of the trial balance using the information provided, I...

    I can't figure out the cash line of the trial balance using the information provided, I keep getting 246,000n which is wrong Required intormation [The following information applies to the questions displayed below.) Athletic Performance Company (APC) was incorporated as a private company. The company's accounts included the following at July 1: Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies $ 4,000 200,000 16,000 308,000 18,000 90,000 17,000 5,000 During the month of July,...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT