Homework Answers
| Answer | ||||||||||||
|
Assets |
Liabilities | Stockholders' equity | ||||||||||
| Retained earnings | ||||||||||||
| Cash | Accounts Receivable | Supplies | Delivery Trucks | Equipment | Accounts payable | Bonds payable | Common stock | Revenues | Expenses | Dividends | ||
| 1 | +100000 | +100000 | ||||||||||
| 2 | +35000 | +35000 | ||||||||||
| 3 | - 50000 | - 50000 | ||||||||||
| 4 | +14000 | +14000 | Service revenue | |||||||||
| 5 | +2700 | +2700 | ||||||||||
| 6 | - 4200 | +4200 | Rent expense | |||||||||
| 7 | +10000 | +10000 | Service revenue | |||||||||
| 8 | - 26000 | +26000 | Salaries & Wages expense | |||||||||
| 9 | - 10000 | +10000 | Dividends | |||||||||
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During 2022, its first year of operations as a delivery service, Ayayai Corp. entered into the...
During 2022, its first year of operations as a delivery service, Monty Corp. entered into the...
During 2022, its first year of operations as a delivery service, Monty Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $109,000 in cash. 2. Borrowed $53,000 by issuing bonds. 3. Purchased delivery trucks for $60,000 cash. 4. Received $14,000 from customers for services performed. 5. Purchased supplies for $4,100 on account. 6. Paid rent of $6,200. 7. Performed services on account for $11,900. 8. Paid salaries of $28,600. 9. Paid a...
During 2022, its first year of operations as a delivery service, Grouper Corp. entered into the...
During 2022, its first year of operations as a delivery service, Grouper Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $123,000 in cash. 2. Borrowed $37,000 by issuing bonds. 3. Purchased delivery trucks for $64,000 cash. 4. Received $15,000 from customers for services performed. 5. Purchased supplies for $6,100 on account. 6. Paid rent of $5,800. 7. Performed services on account for $11,800. 8. Paid salaries of $27,700. 9. Paid a...
During 2022, its first year of operations as a delivery service, Persimmon Corp, entered into the...
During 2022, its first year of operations as a delivery service, Persimmon Corp, entered into the following transactions. Issued shares of common stock to investors in exchange for $100,000 in cash. Borrowed $45,000 by issuing bonds. Purchased delivery trucks for $60,000 cash. Received $16,000 from customers for services performed. Purchased supplies for $4,700 on account. Paid rent of $5,200 7. Performed services on account for $10,000. Paid salaries of $28,000 Paid a dividend of $11,000 to shareholders. 1. 2. 3....
During 2017, its first year of operations as a delivery service, Marigold Corp. entered into the...
During 2017, its first year of operations as a delivery service, Marigold Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $120,000 in cash. 2. Borrowed $53,000 by issuing bonds. 3. Purchased delivery trucks for $51,000 cash. 4. Received $17.000 from customers for services performed. 5. Purchased supplies for $6,200 on account. 6. Paid rent of $5.800. 7. Performed services on account for $10.900. 8. Paid salaries of $26,600. 9. Paid a...
1. 2. 3. During 2022, its first year of operations as a delivery service, Flounder Corp....
1. 2. 3. During 2022, its first year of operations as a delivery service, Flounder Corp. entered into the following transactions. Issued shares of common stock to investors in exchange for $137,000 in cash. Borrowed $55,000 by issuing bonds. Purchased delivery trucks for $63,000 cash. Received $18,000 from customers for services performed. Purchased supplies for $6,600 on account. Paid rent of $5,900 Performed services on account for $10,700. Paid salaries of $26,700. Paid a dividend of $11,500 to shareholders. 4....
Exercise 3-03 During 2022, its first year of operations as a delivery service, Blue Spruce Corp....
Exercise 3-03 During 2022, its first year of operations as a delivery service, Blue Spruce Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $115,000 in cash. 2. Borrowed $38,000 by issuing bonds. 3. Purchased delivery trucks for $55,000 cash. 4. Received $17,000 from customers for services performed. 5. Purchased supplies for $6,700 on account. 6. Paid rent of $6,000. 7. Performed services on account for $10,400. 8. Paid salaries of $29,600....
During 2022, its first year of operations as a delivery service, Pronghorn Corp entered into the following transactions....
During 2022, its first year of operations as a delivery service,
Pronghorn Corp entered into the following transactions.
1.
Issued shares of common stock to investors in exchange for
$198,000 in cash.
2.
Borrowed $48,000 by issuing bonds.
3.
Purchased delivery trucks for $61,000 cash.
4.
Received $14,000 from customers for services performed.
5.
Purchased supplies for $3,900 on account.
6.
Paid rent of $5,800.
7.
Performed services on account for $10,700.
8.
Paid salaries of $30,000.
9.
Paid a...
Exercise 3-3 During 2017, its first year of operations as a delivery service, Monty Corp. entered...
Exercise 3-3 During 2017, its first year of operations as a delivery service, Monty Corp. entered into the following transactions, 1. Issued shares of common stock to investors in exchange for $109,000 in cash. 2. Borrowed $53,000 by issuing bonds. 3. Purchased delivery trucks for $60,000 cash. 4. Received $14,000 from customers for services performed. 5. Purchased supplies for $4,100 on account. 6. Paid rent of $6,200. 7. Performed services on account for $11.900. 8. Paid salaries of $28.600. 9....
During 2022, its first year of operations as a delivery service, Bridgeport Corp.entered into the following...
During 2022, its first year of operations as a delivery service, Bridgeport Corp.entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $194,000 in cash. 2. Borrowed $37,000 by issuing bonds. 3. Purchased delivery trucks for $54,000 cash. 4. Received $15,000 from customers for services performed. 5. Purchased supplies for $6,500 on account. 6. Paid rent of $5,900. 7. Performed services on account for $11,000. 8. Paid salaries of $29,700. 9. Paid a dividend...
During 2017, its first year of operations as a delivery service, Grouper Corp. entered into the...
During 2017, its first year of operations as a delivery service, Grouper Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $123,000 in cash. 2. Borrowed $37,000 by issuing a note. 3. Purchased delivery trucks for $64,000 cash. 4. Received $15,000 from customers for services performed. 5. Purchased supplies for $6,100 on account. 6. Paid rent of $5,800. 7. Performed services on account for $11,800. 8. Paid salaries of $27,700. 9. Paid...
During 2022, its first year of operations as a delivery service, Monty Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $109,000 in cash. 2. Borrowed $53,000 by issuing bonds. 3. Purchased delivery trucks for $60,000 cash. 4. Received $14,000 from customers for services performed. 5. Purchased supplies for $4,100 on account. 6. Paid rent of $6,200. 7. Performed services on account for $11,900. 8. Paid salaries of $28,600. 9. Paid a...
During 2022, its first year of operations as a delivery service, Grouper Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $123,000 in cash. 2. Borrowed $37,000 by issuing bonds. 3. Purchased delivery trucks for $64,000 cash. 4. Received $15,000 from customers for services performed. 5. Purchased supplies for $6,100 on account. 6. Paid rent of $5,800. 7. Performed services on account for $11,800. 8. Paid salaries of $27,700. 9. Paid a...
During 2022, its first year of operations as a delivery service, Persimmon Corp, entered into the following transactions. Issued shares of common stock to investors in exchange for $100,000 in cash. Borrowed $45,000 by issuing bonds. Purchased delivery trucks for $60,000 cash. Received $16,000 from customers for services performed. Purchased supplies for $4,700 on account. Paid rent of $5,200 7. Performed services on account for $10,000. Paid salaries of $28,000 Paid a dividend of $11,000 to shareholders. 1. 2. 3....
During 2017, its first year of operations as a delivery service, Marigold Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $120,000 in cash. 2. Borrowed $53,000 by issuing bonds. 3. Purchased delivery trucks for $51,000 cash. 4. Received $17.000 from customers for services performed. 5. Purchased supplies for $6,200 on account. 6. Paid rent of $5.800. 7. Performed services on account for $10.900. 8. Paid salaries of $26,600. 9. Paid a...
1. 2. 3. During 2022, its first year of operations as a delivery service, Flounder Corp. entered into the following transactions. Issued shares of common stock to investors in exchange for $137,000 in cash. Borrowed $55,000 by issuing bonds. Purchased delivery trucks for $63,000 cash. Received $18,000 from customers for services performed. Purchased supplies for $6,600 on account. Paid rent of $5,900 Performed services on account for $10,700. Paid salaries of $26,700. Paid a dividend of $11,500 to shareholders. 4....
Exercise 3-03 During 2022, its first year of operations as a delivery service, Blue Spruce Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $115,000 in cash. 2. Borrowed $38,000 by issuing bonds. 3. Purchased delivery trucks for $55,000 cash. 4. Received $17,000 from customers for services performed. 5. Purchased supplies for $6,700 on account. 6. Paid rent of $6,000. 7. Performed services on account for $10,400. 8. Paid salaries of $29,600....
During 2022, its first year of operations as a delivery service,
Pronghorn Corp entered into the following transactions.
1.
Issued shares of common stock to investors in exchange for
$198,000 in cash.
2.
Borrowed $48,000 by issuing bonds.
3.
Purchased delivery trucks for $61,000 cash.
4.
Received $14,000 from customers for services performed.
5.
Purchased supplies for $3,900 on account.
6.
Paid rent of $5,800.
7.
Performed services on account for $10,700.
8.
Paid salaries of $30,000.
9.
Paid a...
Exercise 3-3 During 2017, its first year of operations as a delivery service, Monty Corp. entered into the following transactions, 1. Issued shares of common stock to investors in exchange for $109,000 in cash. 2. Borrowed $53,000 by issuing bonds. 3. Purchased delivery trucks for $60,000 cash. 4. Received $14,000 from customers for services performed. 5. Purchased supplies for $4,100 on account. 6. Paid rent of $6,200. 7. Performed services on account for $11.900. 8. Paid salaries of $28.600. 9....
During 2022, its first year of operations as a delivery service, Bridgeport Corp.entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $194,000 in cash. 2. Borrowed $37,000 by issuing bonds. 3. Purchased delivery trucks for $54,000 cash. 4. Received $15,000 from customers for services performed. 5. Purchased supplies for $6,500 on account. 6. Paid rent of $5,900. 7. Performed services on account for $11,000. 8. Paid salaries of $29,700. 9. Paid a dividend...
During 2017, its first year of operations as a delivery service, Grouper Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $123,000 in cash. 2. Borrowed $37,000 by issuing a note. 3. Purchased delivery trucks for $64,000 cash. 4. Received $15,000 from customers for services performed. 5. Purchased supplies for $6,100 on account. 6. Paid rent of $5,800. 7. Performed services on account for $11,800. 8. Paid salaries of $27,700. 9. Paid...
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