Question

was decrease and they are CRICS. L u res in crder they would be in the C . Exhdcast . derdacht KOL:1 30.

The initial images are unreadable but i took pictures of the problems. Just skip the first few as I don’t know how to delete them. Appreciate any help!

Answer 1

1)

1)

Total Equity

+

Total Liabilities

=

Total Assets

Contributed Capital

+

Retained Earnings

+

Common Stock

+

Revenues

-

Expenses

-

Dividends

+

Accounts Payable

+

Unearned Revenues

=

Cash

+

Accounts Receivable

"+" Increases or "-" Decreases Equity
Common Stock	"+" Increases
Revenues	"+" Increases
Expenses	"-" Decreases
Accounts Payable	"-" Decreases

2)

$15,000	=	$44,000	+	$7,000	-	$13,000	+	$25,000	-	$48,000
$15,000 ($44,000 + $7,000 - $13,000 + $25,000 - $48,000)

$21,000	=	$21,000	+	$1,000	-	$36,000	+	$39,000	-	$4,000
$21,000 ($21,000 + $1,000 - $36,000 + $39,000 - $4,000)

$35,000	=	$21,000	+	$31,000	-	$36,000	+	$40,000	-	$21,000
$31,000 ($21,000 - $36,000 + $40,000 - $21,000 = $4,000 - $35,000)

3)

Truck

Asset "+" Increases

Common Stock

Equity "+" Increases

Dividends

Equity "-" Decreases

Delivery Expenses

Equity "-" Decreases

Accounts Payable

Liability "+" Increases

Interest Revenue

Equity "+" Increases

4)

Accounts Receivable DR "+" Increases Common Stock CR "+" Increases Dividends NB "+" Increases Interest Expense NB "+" Increases Rent Payable CR "+" Increases Interest Revenue CR "+" Increases

5)

1) Beginning equity ($26,000 - $16,000)	$10,000
2) Ending equity ($63,000 - $29,000)	$34,000
3)
Beginning equity	$10,000
Add: Issue of common stock	$8,200
Less: Dividends	($43,600)
Add: Ending equity	$34,000
Net Income	$8,600
4)
Beginning equity	$10,000
Add: Issue of common stock	$8,200
Add: Net income	$1,300
Less: Dividends	($7,100)
Common Stock	$12,400