Homework Answers
| Ref. | Assets | = | Liab. | + | Equity | ||||||||||||||
| Contr. Capital | + | Retained earnings | |||||||||||||||||
| Cash | + | A/R | + | Office Sup. | + | Land | = | A/P | + | Com. Stock | - | Div | + | Service Rev. | - | Rent exp | - | Adv. Exp | |
| Bal. | 2500 | + | 3000 | + | 0 | + | 12000 | = | 9000 | + | 5500 | - | 0 | + | 3000 | - | 0 | - | 0 |
| a. | 11000 | + | + | + | = | + | 11000 | - | + | - | - | ||||||||
| b. | 1500 | + | + | + | = | + | - | + | 1500 | - | - | ||||||||
| c. | -9000 | + | + | + | = | -9000 | + | - | + | - | - | ||||||||
| d. | + | + | 600 | + | = | 600 | + | - | + | - | - | ||||||||
| e. | 2500 | + | -2500 | + | + | = | + | - | + | - | - | ||||||||
| f. | -1200 | + | + | + | = | + | - | 1200 | + | - | - | ||||||||
| g. | + | 6000 | + | + | = | + | - | + | 6000 | - | - | ||||||||
| h. | + | + | + | = | + | - | + | - | - | ||||||||||
| 1 | -1100 | + | + | + | = | + | - | + | - | 1100 | - | ||||||||
| 2 | -550 | + | + | + | = | + | - | + | - | - | 550 | ||||||||
| Bal. | 5650 | + | 6500 | + | 600 | + | 12000 | = | 600 | + | 16500 | - | 1200 | + | 10500 | - | 1100 | - | 550 |
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More Info a. b. C d. Received contribution of $11,000 cash from Marilyn Mitchell in exchange...
* Data Table ASSETS = LIABILITIES EQUITY Contributed Capital Retained Earnings Cash Land = Accounts +...
* Data Table ASSETS = LIABILITIES EQUITY Contributed Capital Retained Earnings Cash Land = Accounts + Common - Dividends - + Accounts + Office + Receivable Supplies + $ 3,100 + $ 0 + $ Rent Expense + Service Revenue + $ 3,100 - Advertising Expense Payable 8,000 + $ Stock 5,100 Bal. $ 2,100 11,000 = $ Print Done * More Info a. b. c. e. Received contribution of $8,000 cash from Mary Montana in exchange for common stock....
P1-40A (similar to) Question Help • Marian Macleod opened a public relations firm called Tuney Town...
P1-40A (similar to) Question Help • Marian Macleod opened a public relations firm called Tuney Town on August 1, 2018. The following amounts summarize her business on August 31, During September 2018, the business completed the following transactions: 2018: i (Click the icon to view the transactions.) (Click the icon to view the amounts.) Analyze the effects of the transactions on the accounting equation of Tuney Town. Analyze the events chronologically, one transaction at a time. Beginning with transaction a.,...
1 Received Dec. Received $26,000 cash from Christian in exchange for commorn 2 5 9 stock....
1 Received Dec. Received $26,000 cash from Christian in exchange for commorn 2 5 9 stock. Received $3,200 cash from customers for services performed. Paid $450 cash for office supplies. Performed services for a customer and billed the customer for services rendered, $2,400. 10 Received $500 invoice for utilities due in two weeks. 15 Paid for advertising in the local paper, $275. 20 Paid utility invoice received on December 10 25 Collected cash in full from customer billed on December...
2 of 2 (0 complete) * More Info Jan. 1 Murphy contributed $78,000 cash to the...
2 of 2 (0 complete) * More Info Jan. 1 Murphy contributed $78,000 cash to the business, Terrence Murphy, Attorney. The business issued common stock to Murphy. Purchased office supplies, $600, and furniture, $1,700, on account. Performed legal services for a client and received $1,000 cash. Purchased a building with a market value of $130,000, and land with a market value of $25,000. The business paid $25,000 cash and signed a note payable to the bank for the remaining amount....
Martha Montana opened a public relations firm called Dance Fever on August 1, 2018. The following...
Martha Montana opened a public relations firm called Dance Fever on August 1, 2018. The following amounts summarize her business on August 31, 2018: During September 2018, the business completed the following transactions: (Click the icon to view the transactions.) (Click the icon to view the amounts.) Analyze the effects of the transactions on the accounting equation of Dance Fever. Analyze the events chronologically, one transaction at a time. Beginning with transaction a., calculate the balance in each account after...
Martha Maguire opened a public relations form called Top 40 on August 1, 2018. The following...
Martha Maguire opened a public relations form called Top 40 on August 1, 2018. The following amounts summarize her business on August 31, 2018 During September 2018, the business completed the following transactions: Click the icon to view the transactions) (Click the icon to view the amounts) Analyze the effects of the transactions on the accounting equation of Top 40 Analyze the events chronologically, one transaction at a time. Beginning with transaction a, calculate the balance in each account after...
This is the same question, I also attached exhibit 1-6. P1-40A Using the accounting equation for...
This is the same question, I also attached exhibit 1-6.
P1-40A Using the accounting equation for transaction analysis Learning Objective 4 Meg McKinney opened a public relations firm called Solid Gold on August 1, 2018. The following amounts summarize her business on August 31, 2018: Cash $13,600 ASSETS LIABILITIES EQUITY Contributed Capital + Retained Earnings Cash +Accounts Office Land Receivable Supplies Accounts Common Dividends Service Rent Advertising Payable Stock Revenue Expense Expense $3,200 Bal. $1,900$3,200 $0 +$15,000 $5,000 + $11,900...
More Info Jul. 2 Received $15,000 contribution from Brian London, owner, in exchange capital. 4 Paid...
More Info Jul. 2 Received $15,000 contribution from Brian London, owner, in exchange capital. 4 Paid utilities expense of $360. 5 Purchased equipment on account, $2,500. 10 Performed services for a client on account, $3,500. 12 Borrowed $6,800 cash, signing a notes payable. 19 The owner, Brian London, withdrew $450 cash from the business. 21 Purchased office supplies for $780 and paid cash. 27 Paid the liability from July 5. Print Done The following transactions occurred for London Engineering: Click...
The following transactions occurred for Lawrence Engineering Jul.2 Received $14,000 contribution from Brett Lawrence in exchange...
The following transactions occurred for Lawrence Engineering Jul.2 Received $14,000 contribution from Brett Lawrence in exchange for common stock. 4 Paid utilities expense of $370. 5 Purchased equipment on account, $1,600. 10 Performed services for a client on account, $2,900. 12 Borrowed $7,100 cash, signing a notes payable. 19 Cash dividends of $200 were paid to stockholders. 21 Purchased office supplies for $840 and paid cash. 27 Paid the liability from July 5. Journalize the transactions of Lawrence Engineering. Include...
5. The following transactions occurred for Wilke Technology Solutions: 4(Click the icon to view the transactions.)...
5. The following transactions occurred for Wilke Technology Solutions: 4(Click the icon to view the transactions.) Read the requirement" (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) May 1: The business received cash of $105,000 and issued common stock to Zoe Wilke. Date Accounts and Explanation Debit Credit May 1 CE May 2: Purchased office supplies on account, $550. Date Accounts and Explanation Debit Credit May 2 (6) (10) May 4:...
* Data Table ASSETS = LIABILITIES EQUITY Contributed Capital Retained Earnings Cash Land = Accounts + Common - Dividends - + Accounts + Office + Receivable Supplies + $ 3,100 + $ 0 + $ Rent Expense + Service Revenue + $ 3,100 - Advertising Expense Payable 8,000 + $ Stock 5,100 Bal. $ 2,100 11,000 = $ Print Done * More Info a. b. c. e. Received contribution of $8,000 cash from Mary Montana in exchange for common stock....
P1-40A (similar to) Question Help • Marian Macleod opened a public relations firm called Tuney Town on August 1, 2018. The following amounts summarize her business on August 31, During September 2018, the business completed the following transactions: 2018: i (Click the icon to view the transactions.) (Click the icon to view the amounts.) Analyze the effects of the transactions on the accounting equation of Tuney Town. Analyze the events chronologically, one transaction at a time. Beginning with transaction a.,...
1 Received Dec. Received $26,000 cash from Christian in exchange for commorn 2 5 9 stock. Received $3,200 cash from customers for services performed. Paid $450 cash for office supplies. Performed services for a customer and billed the customer for services rendered, $2,400. 10 Received $500 invoice for utilities due in two weeks. 15 Paid for advertising in the local paper, $275. 20 Paid utility invoice received on December 10 25 Collected cash in full from customer billed on December...
2 of 2 (0 complete) * More Info Jan. 1 Murphy contributed $78,000 cash to the business, Terrence Murphy, Attorney. The business issued common stock to Murphy. Purchased office supplies, $600, and furniture, $1,700, on account. Performed legal services for a client and received $1,000 cash. Purchased a building with a market value of $130,000, and land with a market value of $25,000. The business paid $25,000 cash and signed a note payable to the bank for the remaining amount....
Martha Montana opened a public relations firm called Dance Fever on August 1, 2018. The following amounts summarize her business on August 31, 2018: During September 2018, the business completed the following transactions: (Click the icon to view the transactions.) (Click the icon to view the amounts.) Analyze the effects of the transactions on the accounting equation of Dance Fever. Analyze the events chronologically, one transaction at a time. Beginning with transaction a., calculate the balance in each account after...
Martha Maguire opened a public relations form called Top 40 on August 1, 2018. The following amounts summarize her business on August 31, 2018 During September 2018, the business completed the following transactions: Click the icon to view the transactions) (Click the icon to view the amounts) Analyze the effects of the transactions on the accounting equation of Top 40 Analyze the events chronologically, one transaction at a time. Beginning with transaction a, calculate the balance in each account after...
This is the same question, I also attached exhibit 1-6.
P1-40A Using the accounting equation for transaction analysis Learning Objective 4 Meg McKinney opened a public relations firm called Solid Gold on August 1, 2018. The following amounts summarize her business on August 31, 2018: Cash $13,600 ASSETS LIABILITIES EQUITY Contributed Capital + Retained Earnings Cash +Accounts Office Land Receivable Supplies Accounts Common Dividends Service Rent Advertising Payable Stock Revenue Expense Expense $3,200 Bal. $1,900$3,200 $0 +$15,000 $5,000 + $11,900...
More Info Jul. 2 Received $15,000 contribution from Brian London, owner, in exchange capital. 4 Paid utilities expense of $360. 5 Purchased equipment on account, $2,500. 10 Performed services for a client on account, $3,500. 12 Borrowed $6,800 cash, signing a notes payable. 19 The owner, Brian London, withdrew $450 cash from the business. 21 Purchased office supplies for $780 and paid cash. 27 Paid the liability from July 5. Print Done The following transactions occurred for London Engineering: Click...
The following transactions occurred for Lawrence Engineering Jul.2 Received $14,000 contribution from Brett Lawrence in exchange for common stock. 4 Paid utilities expense of $370. 5 Purchased equipment on account, $1,600. 10 Performed services for a client on account, $2,900. 12 Borrowed $7,100 cash, signing a notes payable. 19 Cash dividends of $200 were paid to stockholders. 21 Purchased office supplies for $840 and paid cash. 27 Paid the liability from July 5. Journalize the transactions of Lawrence Engineering. Include...
5. The following transactions occurred for Wilke Technology Solutions: 4(Click the icon to view the transactions.) Read the requirement" (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) May 1: The business received cash of $105,000 and issued common stock to Zoe Wilke. Date Accounts and Explanation Debit Credit May 1 CE May 2: Purchased office supplies on account, $550. Date Accounts and Explanation Debit Credit May 2 (6) (10) May 4:...
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