Homework Answers
Shown below is the statement wherein Assets amount to $17,950, Liabilities 0 and Equity $17,950
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* Data Table ASSETS = LIABILITIES EQUITY Contributed Capital Retained Earnings Cash Land = Accounts +...
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...
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...
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.,...
More Info a. b. C d. Received contribution of $11,000 cash from Marilyn Mitchell in exchange...
More Info a. b. C d. Received contribution of $11,000 cash from Marilyn Mitchell in exchange for common stock. Performed service for a client and received cash of $1,500 Paid off the beginning balance of accounts payable. Purchased supplies from Office Max on account, $600. Collected cash from a customer on account, $2,500. Cash dividends of $1,200 were paid to stockholders. Consulted for a new band and billed the client for services rendered, $6,000 Recorded the following business expenses for...
2: Data Table ASSETS = LIABILITIES + EQUITY Contributed Capital Retained Earnings Cash + + Equipment...
2: Data Table ASSETS = LIABILITIES + EQUITY Contributed Capital Retained Earnings Cash + + Equipment = Accounts + - Dividends + - Accounts Receivable Common Stock +31,000 Service Revenue Salaries Expense payable 1 +31,000 +3,800 +3,800 Bal. $31,000+ $3,800 + $31,000 + + $3,800 +13,400 +13,400 Bal. $13,400 = $13,400 + $31,000 + $3,800 $31,000+ +190 $3,800 + -190 $31,190 + $3,610 + $13,400 + $31,000 + $3,800 $13,400 = +410 -410 Bal. $3,610 + $13,810 = $31,000 $3,800...
Is this answer correct based on the following transactions? P1-40A (book/static) Meg McKinney opened a public...
Is this answer correct based
on the following transactions?
P1-40A (book/static) Meg McKinney opened a public relations firm called Solid Gold on August 1, 2018. The following amounts During September 2018, the business completed the following transactions summarize her business on August 31, 2018 (Click the icon to view the transactions.) Analyze the effects of the transactions on the accounting equation of Solid Gold 囲(Click the icon to view the amounts.) Analyze the events chronologically, one transaction at a time....
Abdul Elfaran & 4/21/18 12:23 PM Time Remaining: 02:48.49 Submit Test of 14 (1 complete) This...
Abdul Elfaran & 4/21/18 12:23 PM Time Remaining: 02:48.49 Submit Test of 14 (1 complete) This Test: 100 pts possible i More Info (Click the icon to a. Received contribution of $16,000 cash from Matilda Mcintyre in exchange Analyze the effects a for common stock b. Performed service for a client and received cash of $1,100 c. Paid off the beginning balance of accounts payable d. Purchased supplies from OfficeMax on account $600 e Collected cash from a customer on...
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....
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...
Assets = Liabilities + Stockholder's Equity Cash + Land Notes Payable Common Stocks Retained Earnings Affected...
Assets = Liabilities + Stockholder's Equity Cash + Land Notes Payable Common Stocks Retained Earnings Affected Account Balances $ 2,000 + $ 12,000 = $ - + $ 6,000 + $ 8,000 1 $ 30,000 + = + $ 30,000 + 2 + = + + 3 + = + + 4 + = + + 5 + = + + 6 + = + + 7 + = + + 8 + = + + Totals + = +...
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...
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...
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.,...
More Info a. b. C d. Received contribution of $11,000 cash from Marilyn Mitchell in exchange for common stock. Performed service for a client and received cash of $1,500 Paid off the beginning balance of accounts payable. Purchased supplies from Office Max on account, $600. Collected cash from a customer on account, $2,500. Cash dividends of $1,200 were paid to stockholders. Consulted for a new band and billed the client for services rendered, $6,000 Recorded the following business expenses for...
2: Data Table ASSETS = LIABILITIES + EQUITY Contributed Capital Retained Earnings Cash + + Equipment = Accounts + - Dividends + - Accounts Receivable Common Stock +31,000 Service Revenue Salaries Expense payable 1 +31,000 +3,800 +3,800 Bal. $31,000+ $3,800 + $31,000 + + $3,800 +13,400 +13,400 Bal. $13,400 = $13,400 + $31,000 + $3,800 $31,000+ +190 $3,800 + -190 $31,190 + $3,610 + $13,400 + $31,000 + $3,800 $13,400 = +410 -410 Bal. $3,610 + $13,810 = $31,000 $3,800...
Is this answer correct based
on the following transactions?
P1-40A (book/static) Meg McKinney opened a public relations firm called Solid Gold on August 1, 2018. The following amounts During September 2018, the business completed the following transactions summarize her business on August 31, 2018 (Click the icon to view the transactions.) Analyze the effects of the transactions on the accounting equation of Solid Gold 囲(Click the icon to view the amounts.) Analyze the events chronologically, one transaction at a time....
Abdul Elfaran & 4/21/18 12:23 PM Time Remaining: 02:48.49 Submit Test of 14 (1 complete) This Test: 100 pts possible i More Info (Click the icon to a. Received contribution of $16,000 cash from Matilda Mcintyre in exchange Analyze the effects a for common stock b. Performed service for a client and received cash of $1,100 c. Paid off the beginning balance of accounts payable d. Purchased supplies from OfficeMax on account $600 e Collected cash from a customer on...
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....
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...
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