[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, payable in four years.
C-Bought a building for $196,000; paid $81,000 in cash and signed a three-year note for the balance.
D-Paid cash for equipment that cost $105,000.
E-Purchased supplies for $105,000 on account.
3.Summarize the journal entry effects from part 2 using T-accounts.
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Bearings & Brakes Corporation (B&B) was incorporated...
Bearings & Brakes Corporation (B&B) was incorporated as a private company. The company’s accounts included the...
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: Issued 4,400
shares of common stock for $440,000 cash. Borrowed $135,000 cash
from a local bank, payable in four years. Bought a building for
$196,000;...
8 Required information The following information applies to the questions displayed below.) Part 3 of 6...
8 Required information The following information applies to the questions displayed below.) Part 3 of 6 Bearings & Brakes Corporation (B8B) was incorporated as a private company The company's accouns included the following at June 30: 10 points Accounts Payable Buildings Cash Conmon Stock Equipnent Land Notes Payable (long- term) Retained Earnings Supplies S 88,699 658,860 105,860 328,006 178,800 Print e (long519,e09 8,eee 1,841,e0e 5,8e0 899 During the month of July, the company had the following activities: a Issued 4,400...
6 Required information The foliowing information apples to the questions dispioyed below) Part 3 of 6...
6 Required information The foliowing information apples to the questions dispioyed below) Part 3 of 6 Bearings & Brakes Corporation G388) was incorporated as a private company. The company's accounts following at June 30 10 points Accounts Payable Buildings Cash Connon Stock Equipnent Land Notes Payable (long term) Retained Earnings Supplies $ 88,000 658,806 105,800 326,800 178,8e8 519,800 Print 8,690 1,841,00ee 5,800 During the month of July, the company had the following activities a. Issued 4.400 shares of common stock...
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...
[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...
The following information on displayed below. Bearings & Bakes Corporation ( BB) was incorporated as a...
The following information on displayed below. Bearings & Bakes Corporation ( BB) was incorporated as a private company. The company's ncluded the following at June 30 $ 97000 690.000 108.000 350.000 104000 524000 11000 1056000 Notes Payable ong-term Retardaming During the month of July, the company had the following activities: Issued 4700 shares of common stock for $470,000 cash Borrowed $150.000 cash from a local bank, payable in four years Bought a building for $202.000 paid $84.000 in cash and...
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...
! 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...
Summarize the journal entries using T accounts Deliberate Speed Corporation (DSC) was incorporated as a private...
Summarize the journal entries using T accounts
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 21,100 144,000 55, 500 220,000 143,000 275,880 6,780 385,800 16,100 During the month of July, the company had the following activities a Issued 4,400 shares of common stock for $440,000 cosh b Borrowed $121,000 cash from a local bank, payable...
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...
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: Issued 4,400
shares of common stock for $440,000 cash. Borrowed $135,000 cash
from a local bank, payable in four years. Bought a building for
$196,000;...
8 Required information The following information applies to the questions displayed below.) Part 3 of 6 Bearings & Brakes Corporation (B8B) was incorporated as a private company The company's accouns included the following at June 30: 10 points Accounts Payable Buildings Cash Conmon Stock Equipnent Land Notes Payable (long- term) Retained Earnings Supplies S 88,699 658,860 105,860 328,006 178,800 Print e (long519,e09 8,eee 1,841,e0e 5,8e0 899 During the month of July, the company had the following activities: a Issued 4,400...
6 Required information The foliowing information apples to the questions dispioyed below) Part 3 of 6 Bearings & Brakes Corporation G388) was incorporated as a private company. The company's accounts following at June 30 10 points Accounts Payable Buildings Cash Connon Stock Equipnent Land Notes Payable (long term) Retained Earnings Supplies $ 88,000 658,806 105,800 326,800 178,8e8 519,800 Print 8,690 1,841,00ee 5,800 During the month of July, the company had the following activities a. Issued 4.400 shares of common stock...
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...
The following information on displayed below. Bearings & Bakes Corporation ( BB) was incorporated as a private company. The company's ncluded the following at June 30 $ 97000 690.000 108.000 350.000 104000 524000 11000 1056000 Notes Payable ong-term Retardaming During the month of July, the company had the following activities: Issued 4700 shares of common stock for $470,000 cash Borrowed $150.000 cash from a local bank, payable in four years Bought a building for $202.000 paid $84.000 in cash and...
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...
! 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...
Summarize the journal entries using T accounts
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 21,100 144,000 55, 500 220,000 143,000 275,880 6,780 385,800 16,100 During the month of July, the company had the following activities a Issued 4,400 shares of common stock for $440,000 cosh b Borrowed $121,000 cash from a local bank, payable...
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...
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