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2. Prepare the following financial statements: * Income statement. b. Statement of retained earnings c. Balance...
Allen Shonton recently opened his own accounting firm on April 1, which he operates as a...
Allen Shonton recently opened his own accounting firm on April 1, which he operates as a corporation. The name of the new entity is Allen Shonton, CPA. Shonton experienced the following events during the organizing phase of the new business and its first month of operations in 2018 Apr. 5 6 7 10 11 12 Shonton deposited $75,000 in a new business bank account titled Allen Shonton, CPA. The business issued common stock to Shonton. Paid $300 cash for letterhead...
Alan Shelton recently opened his own accounting firm on April 1, which he operates as a...
Alan Shelton recently opened his own accounting firm on April 1, which he operates as a corporation. The name of the new entity is Alan Shelton, CPA. Shelton experienced the following events during the organizing phase of the new business and its first month of operations in 2018: A (Click the icon to view the transactions.) Read the requirements. Requirement 1. Analyze the effects of the events on the accounting equation of Alan Shelton, CPA. Analyze the events chronologically, one...
P1-45A (similar to) Question Help Alan Shriver recently opened his own accounting firm on April 1,...
P1-45A (similar to) Question Help Alan Shriver recently opened his own accounting firm on April 1, which he operates as a corporation. The name of the new entity is Alan Shriver, CPA. Shriver experienced the following events during the organizing phase of the new business and its first month of operations in 2018: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Analyze the effects of the events on the accounting equation of Alan Shriver, CPA Analyze...
Al Shelton recently opened is own accounting firm on April 1, which he operates as a...
Al Shelton recently opened is own accounting firm on April 1, which he operates as a corporation. The name of the new entity is Al Shelton CPA Shelton experienced the following events during the organizing phas of the new business and its first month of operations in 2018 Click the con to view the transactions.) Read the murements Requirement 1. Analyze the effects of the events on the accounting equation of Al Sheton, CPM Analyze the events chronologically one transaction...
More Info Apr. 5 Shea deposited $76,000 in a new business bank account titled Aaron Shea,...
More Info Apr. 5 Shea deposited $76,000 in a new business bank account titled Aaron Shea, CPA. The business issued common stock to Shea. 6 Paid $150 cash for letterhead stationery for new office. 7 Purchased office furniture for the office on account, $8,000. 10 Consulted with tax client and received $3,300 for services rendered. 11 Paid utilities, $350. 12 Finished tax hearings on behalf of a client and submitted a bill for accounting services, $14,000. 18 Paid office rent,...
re Info 5 Simmon deposited $60,000 in a new business bank account tith Alex Simmon, CPA....
re Info 5 Simmon deposited $60,000 in a new business bank account tith Alex Simmon, CPA. The business issued common stock to Simi 6 Paid $400 cash for letterhead stationery for new office. 7 Purchased office furniture for the office on account, $6,800. 10 Consulted with tax client and received $2,500 for services render 11 Paid utilities, $350. 12 Finished tax hearings on behalf of a client and submitted a bill for accounting services, $16,000. 18 Paid office rent, $1,700....
A Alan Simmon CPA Simmon experienced the following events during the organising m on receny opened...
A Alan Simmon CPA Simmon experienced the following events during the organising m on receny opened on accounting firm on April 1, which he operates as a corporation. The name of the new entity phase of the new business and its first month of operations in 2018 Co the icon to view the transactions) Read the requirements Requirement 1. Analyze the effects of the events on the accounting equation of Alan Simmon, CPA Analyze the events chronologically, one transaction at...
P1-53B Using the accounting equation for transaction analysis and preparing jectives 4, 5 financial statements Abby...
P1-53B Using the accounting equation for transaction analysis and preparing jectives 4, 5 financial statements Abby Perry recently opened her own law office on December 1, which she operates as a sole proprietorship. The name of the new entity is Abby Perry, Attorney. Perry expe- rienced the following events during the organizing phase of the new business and its first month of operation, December 2018. Some of the events were personal and did nor affect the law practice. Cthers were...
He m a 101 paliwing transactions, posting a n counts, and preparing a tribal balance of...
He m a 101 paliwing transactions, posting a n counts, and preparing a tribal balance of Shawn Merry, CPA, is dad March 31, 2015 -com Learning the 1.4 The balance of 3. Ch ance 112.500 SHAWN MERRY, CPA Trial Balance March 31, 2018 CHAPTEE $11.000 30.000 Account Title Cash Accounts Receivable Office Supplies Land Furniture Automobile Accounts Payable Unearned Revenue Merry, Capital Merry, Withdrawals Service Revenue Salaries Expense Rent Expense Total $ 3,800 52,300 8,200 5.600 800 $ 64,300 564,300...
Prepare April Journal Entries as T accounts and Regular Journal entries. Don’t forget descriptions and date....
Prepare April Journal Entries as T accounts and Regular Journal entries. Don’t forget descriptions and date. JTT is a licensed CPA. During the first month of operations of her business, the following events and transactions occurred. a) April 2, Invested $73,600 cash and equipment valued at $32,200 in the business. b) April 2, Hired a secretary-receptionist at a salary of $667 per week, payable monthly. c) April 3, Purchased supplies on account $1,610. (Debit an asset account.) d) April 7,...
Allen Shonton recently opened his own accounting firm on April 1, which he operates as a corporation. The name of the new entity is Allen Shonton, CPA. Shonton experienced the following events during the organizing phase of the new business and its first month of operations in 2018 Apr. 5 6 7 10 11 12 Shonton deposited $75,000 in a new business bank account titled Allen Shonton, CPA. The business issued common stock to Shonton. Paid $300 cash for letterhead...
Alan Shelton recently opened his own accounting firm on April 1, which he operates as a corporation. The name of the new entity is Alan Shelton, CPA. Shelton experienced the following events during the organizing phase of the new business and its first month of operations in 2018: A (Click the icon to view the transactions.) Read the requirements. Requirement 1. Analyze the effects of the events on the accounting equation of Alan Shelton, CPA. Analyze the events chronologically, one...
P1-45A (similar to) Question Help Alan Shriver recently opened his own accounting firm on April 1, which he operates as a corporation. The name of the new entity is Alan Shriver, CPA. Shriver experienced the following events during the organizing phase of the new business and its first month of operations in 2018: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Analyze the effects of the events on the accounting equation of Alan Shriver, CPA Analyze...
Al Shelton recently opened is own accounting firm on April 1, which he operates as a corporation. The name of the new entity is Al Shelton CPA Shelton experienced the following events during the organizing phas of the new business and its first month of operations in 2018 Click the con to view the transactions.) Read the murements Requirement 1. Analyze the effects of the events on the accounting equation of Al Sheton, CPM Analyze the events chronologically one transaction...
More Info Apr. 5 Shea deposited $76,000 in a new business bank account titled Aaron Shea, CPA. The business issued common stock to Shea. 6 Paid $150 cash for letterhead stationery for new office. 7 Purchased office furniture for the office on account, $8,000. 10 Consulted with tax client and received $3,300 for services rendered. 11 Paid utilities, $350. 12 Finished tax hearings on behalf of a client and submitted a bill for accounting services, $14,000. 18 Paid office rent,...
re Info 5 Simmon deposited $60,000 in a new business bank account tith Alex Simmon, CPA. The business issued common stock to Simi 6 Paid $400 cash for letterhead stationery for new office. 7 Purchased office furniture for the office on account, $6,800. 10 Consulted with tax client and received $2,500 for services render 11 Paid utilities, $350. 12 Finished tax hearings on behalf of a client and submitted a bill for accounting services, $16,000. 18 Paid office rent, $1,700....
A Alan Simmon CPA Simmon experienced the following events during the organising m on receny opened on accounting firm on April 1, which he operates as a corporation. The name of the new entity phase of the new business and its first month of operations in 2018 Co the icon to view the transactions) Read the requirements Requirement 1. Analyze the effects of the events on the accounting equation of Alan Simmon, CPA Analyze the events chronologically, one transaction at...
P1-53B Using the accounting equation for transaction analysis and preparing jectives 4, 5 financial statements Abby Perry recently opened her own law office on December 1, which she operates as a sole proprietorship. The name of the new entity is Abby Perry, Attorney. Perry expe- rienced the following events during the organizing phase of the new business and its first month of operation, December 2018. Some of the events were personal and did nor affect the law practice. Cthers were...
He m a 101 paliwing transactions, posting a n counts, and preparing a tribal balance of Shawn Merry, CPA, is dad March 31, 2015 -com Learning the 1.4 The balance of 3. Ch ance 112.500 SHAWN MERRY, CPA Trial Balance March 31, 2018 CHAPTEE $11.000 30.000 Account Title Cash Accounts Receivable Office Supplies Land Furniture Automobile Accounts Payable Unearned Revenue Merry, Capital Merry, Withdrawals Service Revenue Salaries Expense Rent Expense Total $ 3,800 52,300 8,200 5.600 800 $ 64,300 564,300...
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