Homework Answers
Solution:
| Stockholder's Equity | |||||||
| Company | Assets | = | Liabilities | + | Common stock | + | Retained Earnings |
| A | $138,000.00 | = | $46,500.00 | + | $51,400.00 | + | $40,100.00 |
| B | $91,500.00 | = | $29,600.00 | + | $24,700.00 | + | $37,200.00 |
| C | $83,000.00 | = | $12,500.00 | + | $35,000.00 | + | $35,500.00 |
| D | $112,000.00 | = | $33,000.00 | + | $48,400.00 | + | $30,600.00 |
Add Answer to:
Liabilities + $ 46,500 + Company Assets = A $ 138,000 = BI 91,500 = 83,000...
this is all one question Balance Sheet Assets Cash Inventory Buildings Total assets Liabilities and Stockholders'...
this is all one question
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On October 1, Year 1, YD collected $40,800 for consulting
services it agreed to provide during the coming year.
Adjusted the accounts to reflect the amount of consulting
service revenue recognized in Year 1.
Required
Based on this information alone:
a. Record the events under an accounting
equation.
b. Prepare an income statement, balance sheet, and
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this is all one question
Balance Sheet Assets Cash Inventory Buildings Total assets Liabilities and Stockholders' Equity Liabilities Accounts payable Stockholders' Equity $13,000 16,000 39,000 $68,000 $ 5,000 Common stock (a) Retained earnings (b) Total liabilities and stockholders' equity $68,000 CARLA VISTA CO. Income Statement Revenues $84,700 Cost of goods sold (c) Salaries and wages expense 10,180 Net income $ (d) CARLA VISTA CO. Income Statement Revenues $84,700 Cost of goods sold (c) Salaries and wages expense 10,180 Net income...
Yard Designs (YD) experienced the following events in Year 1,
its first year of operation:
On October 1, Year 1, YD collected $40,800 for consulting
services it agreed to provide during the coming year.
Adjusted the accounts to reflect the amount of consulting
service revenue recognized in Year 1.
Required
Based on this information alone:
a. Record the events under an accounting
equation.
b. Prepare an income statement, balance sheet, and
statement of cash flows for the Year 1...
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