ZuoTi.Pro
Question

signment CALCULATOR FULL SCREEN Problem 1-04A a-c (Video) Ruth Lewis started her own consulting firm, Sunland Consulting, on
Show the effects of the previous transactions on the accounting equation (If a transaction results in a decrease in Assets, L
cts of the previous transactions on the accounting equation. (If a transaction results in a decrease in Assets, Liabilities o
business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1
Assets = Liabilities + Equity
May Cash + Accounts Receivable + Supplies + Equipment = Notes payable + Accounts Payable + Capital - Owners drawing + Revenue - Expenses
1 7800 + + + = + + 7800 - + -
2 -850 + + + = + + - + - 850
3 + + 600 + = + 600 + - + -
5 -110 + + + = + + - + - 110
9 4400 + + + = + + - + 4400 -
12 -1100 + + + = + + - 1100 + -
15 + 5100 + + = + + - + 5100 -
17 -2600 + + + = + + - + - 2600
20 -400 + + + = + -400 + - + -
23 3600 + -3600 + + = + + - + -
26 4700 + + + = 4700 + + - + -
29 + + + 4400 = + 4400 + - + -
30 -300 + + + = + + - + - 300
15140 + 1500 + 600 + 4400 = 4700 + 4600 + 7800 - 1100 + 9500 - 3860
Assets = Liabilities + Equity
May Cash + Accounts Receivable + Supplies + Equipment = Notes payable + Accounts Payable + Capital - Owners drawing + Revenue - Expenses
1 7800 + + + = + + 7800 - + -
2 -850 + + + = + + - + - 850
3 + + 600 + = + 600 + - + -
5 -110 + + + = + + - + - 110
9 4400 + + + = + + - + 4400 -
12 -1100 + + + = + + - 1100 + -
15 + 5100 + + = + + - + 5100 -
17 -2600 + + + = + + - + - 2600
20 -400 + + + = + -400 + - + -
23 3600 + -3600 + + = + + - + -
26 4700 + + + = 4700 + + - + -
29 + + + 4400 = + 4400 + - + -
30 -300 + + + = + + - + - 300
15140 + 1500 + 600 + 4400 = 4700 + 4600 + 7800 - 1100 + 9500 - 3860

Assets = Liabilities + equity

=15140+1500+600+4400= 4700+4600+7800-1100+9500-3860

=21640 = 21640

0 0
Add a comment
Know the answer?
Add Answer to:
signment CALCULATOR FULL SCREEN Problem 1-04A a-c (Video) Ruth Lewis started her own consulting firm, Sunland...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • CALCULATOR FULL SCREEN Problem 1-04A a-c (Video) Ruth Lewis started her own consulting firm, Sunland Consulting,...

    CALCULATOR FULL SCREEN Problem 1-04A a-c (Video) Ruth Lewis started her own consulting firm, Sunland Consulting, on May 1, 2020. The following transactions occurred during the month of May. May 1 Tride invested $7,800 cash in the business. 2 Paid $850 for office rent for the month. 3 Purchased $600 of supplies on account 5 Paid $110 to advertise in the County News. 9 Received $4,400 cash for services performed. 12 Withdrew $1,100 cash for personal use. 15 Performed $5,100...

  • Patricia Johnson started her own consulting firm, Crane Consulting, on May 1, 2020. The following transactions...

    Patricia Johnson started her own consulting firm, Crane Consulting, on May 1, 2020. The following transactions occurred during the month of May. May 1 2 3 5 9 12 15 Trixie invested $6,100 cash in the business. Paid $800 for office rent for the month. Purchased $600 of supplies on account. Paid $170 to advertise in the County News. Received $3,800 cash for services performed. Withdrew $1,000 cash for personal use. Performed $5,800 of services on account. Paid $2,800 for...

  • Problem 1-04A -c (Video) Unda Williams started her own consulting firm, ukumber Consulting on May 1,...

    Problem 1-04A -c (Video) Unda Williams started her own consulting firm, ukumber Consulting on May 1, 2020. The following transactions occurred during the month of May. My 1 The invested $7.000 cash in the business 2 Puld 5800 for office rent for the month 1 Purchased $700 of lies on our 5 Pald $200 to advertise in the County 9 Received 54,400 cash for services performed 12 With $1,000 cash for personal 15 Performed $5.900 of Services on court. 17...

  • last 3 pics is all one chart just many parts bc so long Question 3 of...

    last 3 pics is all one chart just many parts bc so long Question 3 of 6 -/1 E View Policies Current Attempt in Progress Helen Martin started her own consulting firm, Ivanhoe Consulting, on May 1, 2020. The following transactions occurred during the month of May May 1 2 3 5 9 12 15 17 20 23 26 29 30 Trixie invested $6,800 cash in the business. Paid $950 for office rent for the month Purchased $700 of supplies...

  • please i need you guys to do the income statement and bank statement for me signment...

    please i need you guys to do the income statement and bank statement for me signment CALCULATOR FULL SCREEN Problem 1-04A a-c (Video) Ruth Lewis started her own consulting firm, Sunland Consulting, on May 1, 2020. The following transactions occurred during the month of May. May 1 Trixie invested $7,800 cash in the business. 2 Paid $850 for office rent for the month. 3 Purchased $600 of supplies on account 5 Paid $110 to advertise in the County News 9...

  • HulleWUIR Question 3 of 6 < > Helen Martin started her own consulting firm, Ivanhoe Consulting,...

    HulleWUIR Question 3 of 6 < > Helen Martin started her own consulting firm, Ivanhoe Consulting, on May 1, 2020. The following transactions occurred during the month of May. May 1 2 3 5 9 12 15 Trixie invested $6,800 cash in the business. Paid $950 for office rent for the month. Purchased $700 of supplies on account. Paid $190 to advertise in the County News. Received $4,000 cash for services performed. Withdrew $1,200 cash for personal use. Performed $5,500...

  • Nona Curry started her own consulting firm, Marin Inc., on May 1, 2022. The following transactions...

    Nona Curry started her own consulting firm, Marin Inc., on May 1, 2022. The following transactions occurred during the month of May. May 1 Stockholders invested $17,100 cash in the business in exchange for common stock. 2 Paid $684 for office rent for the month. 3 Purchased $570 of supplies on account. 5 Paid $171 to advertise in the County News. 9 Received $1,596 cash for services performed. 12 Paid $228 cash dividend. 15 Performed $4,788 of services on account....

  • Nona Curry started her own consulting firm, Teal Mountain Inc., on May 1, 2017. The following...

    Nona Curry started her own consulting firm, Teal Mountain Inc., on May 1, 2017. The following transactions occurred during the month of May May 1 Stockholders invested $18,675 cash in the business in exchange for common stock. 2 Paid $747 for office rent for the month Purchased $622 of supplies on account. Paid $187 to advertise in the County News. 3 5 9 Received $1,743 cash for services performed. 12 Paid $249 cash dividend 15 Performed $5,229 of services on...

  • Nona Curry started her own consulting firm, Splish Brothers Inc., on May 1, 2017. The following...

    Nona Curry started her own consulting firm, Splish Brothers Inc., on May 1, 2017. The following transactions occurred during the month of May: May 1 Stockholders invested $20,775 cash in the business in exchange for common stock 2 Paid $831 for office rent for the month 3 Purchased $692 of supplies on account. 5 Paid $208 to advertise for the month in the County News. 9 Received $1,939 cash for services performed. 12 Paid $277 cash dividend. 15 Performed $5,817...

  • Nona Curry started her own consulting firm, Metlock, Inc., on May 1, 2017. The following transactions...

    Nona Curry started her own consulting firm, Metlock, Inc., on May 1, 2017. The following transactions occurred during the month of May Stockholders invested $18,450 cash in the business in exchange for common stock. 2 Paid $738 for office rent for the month. 3 May 1 5 9 12 15 17 20 23 26 29 30 Purchased $615 of supplies on account. Paid $185 to advertise in the County News Received $1,722 cash for services performed Paid $246 cash dividen...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT