Answer
Assets = Liabilities + Shareholder's equity
Date | Cash |
Account receivable |
Equipment | Account payable | Common stock | Revenue | Expense | Dividend |
Sept1 | 22000 | 22000 | ||||||
Sept2 | (1300) | 1300 | ||||||
Sept5 | (1900) | 9000 | 7100 | |||||
Sept8 | 1000 | 6100 | 7100 | |||||
Sept12 | 400 | 400 | ||||||
Sept20 | (2900) | 2900 | ||||||
Sept25 | (5000) | (5000) | ||||||
Sept27 | (1100) | 1100 | ||||||
Sept30 | (500) | 500 | ||||||
total | 10300 | 6100 | 9000 | 2500 | 22000 | 7100 | 5700 | 500 |
Selected transactions for Sandhill Corporation during September 2018, its first month in business, are presented below:...
Question1 Selected transactions for Sandhill Corporation during September 2018, its first month in business, are presented below: 1 Issued common shares in exchange for $ 22,000 cash. 2 Paid $ 1,300 cash for rent for the month of September. 5 Purchased equipment for $ 9,000, paying $ 1,900 in cash and the balance on account. 8 Earned $ 7,100 in revenue, receiving $1,000 cash and $ 6,100 on account of services provided. 12 Incurred $ 400 in advertising expense on...
Question 1 Setected transactions for Sandhill Corporation during September 2018, its first month in business,are presented below: Sept. 1 Issued common shares in exchange for $ 22,000 cash. 2 Paid $ 1,300 cash for rent for the month of September. 5 Purchased equipment for $9,000, paying $ 1,900 in cash and the balance on account 8 Earned $7,100 in revenue, receiving $1,000 cash and $ 6,100 on account of services provided. 12 Incurred $400 in advertising expense on account. 20...
Selected transactions for Blossom Corporation during September 2018, its first month in business, are presented below: Sept. 1 Issued common shares in exchange for $22,000 cash. 2 Paid $1,500 cash for rent for the month of September. 5 Purchased equipment for $9,800, paying $1.800 in cash and the balance on account. 8 Earned $6,700 in revenue, receiving $1,100 cash and $5,600 on account of services provided. 12 Incurred $400 in advertising expense on account. 20 Paid $3,000 for repairs and...
Selected transactions for Crane Corporation during September 2018, its first month in business, are presented below: Sept. 1 Issued common shares in exchange for $18,000 cash. 2 Paid $1,600 cash for rent for the month of September. 5 Purchased equipment for $9,800, paying $1,800 in cash and the balance on account. 8 Earned $7,300 in revenue, receiving $900 cash and $6,400 on account of services provided. 12 Incurred $600 in advertising expense on account. 20 Paid $3,000 for repairs and...
Selected transactions for Crane Corporation during September 2018, its first month in business, are presented below: Sept. 1 Issued common shares in exchange for $18,000 cash. 2 Paid $1,600 cash for rent for the month of September. 5 Purchased equipment for $9,800, paying $1,800 in cash and the balance on account. 8 Earned $7,300 in revenue, receiving $900 cash and $6,400 on account of services provided. 12 Incurred $600 in advertising expense on account. 20 Paid $3,000 for repairs and...
Selected transactions for Crane Corporation during September 2018, its first month in business, are presented below: Sept. 1 Issued common shares in exchange for $18,000 cash. 2 Paid $1,600 cash for rent for the month of September. 5 Purchased equipment for $9,800, paying $1,800 in cash and the balance on account. 8 Earned $7,300 in revenue, receiving $900 cash and $6,400 on account of services provided. 12 Incurred $600 in advertising expenses on account. 20 Paid $3,000 for repairs and...
Question 7A Selected transactions for Crane Corporation during September 2018, its first month in business, are presented below: Sept. 1 Issued common shares in exchange for $18,000 cash. 2 Paid $1,600 cash for rent for the month of September. 5 Purchased equipment for $9,800, paying $1,800 in cash and the balance on account. 8 Earned $7,300 in revenue, receiving $900 cash and $6,400 on account of services provided. 12 Incurred $600 in advertising expenses on account. 20 Paid $3,000 for...
Selected transactions for Crane Corporation during September 2018, its first month in business, are presented below: Sept. 1 Issued common shares in exchange for $18,000 cash. 2 Paid $ 1,400 cash for rent for the month of September. 5 Purchased equipment for $10,100, paying $ 2,000 in cash and the balance on account. 8 Earned $7,600 in revenue, receiving $1,000 cash and $6,600 on account of services provided. 12 Incurred $500 in advertising expense on account. 20 Paid $ 2,700...
Selected transactions for Sunland Corporation during September 2018, its first month in business, are presented below: Sept. 1 Issued common shares in exchange for $20,000 cash. 2 Paid $1,500 cash for rent for the month of September. 5 Purchased equipment for $9,000, paying $2,100 in cash and the balance on account. 8 Earned $6.700 in revenue, receiving $1,000 cash and $5,700 on account of services provided. 12 Incurred $500 in advertising expense on account. 20 Paid $2,700 for repairs and...
Selected transactions for Crane Corporation during September 2018, its first month in business, are presented below: Sept. 1 Issued common shares in exchange for $18,000 cash. 2 Paid $1,600 cash for rent for the month of September. 5 Purchased equipment for $9,800, paying $1,800 in cash and the balance on account. 8 Earned $7,300 in revenue, receiving $900 cash and $6,400 on account of services provided. 12 Incurred $600 in advertising expense on account. 20 Paid $3,000 for repairs and...