Homework Answers
| Statement showing Computations | ||
| Particulars | Cash | Profit |
| a) | (100.00) | - |
| b) | - | (80.00) |
| c) | - | 1,000.00 |
| d) | 830.00 | - |
| e) | (6,000.00) | |
| f) | - | (1,200.00) |
| g) | 1,200.00 | |
| h) | - | (60.00) |
| i) | 485.00 | - |
| j) | - | 195.00 |
| k) | - | (255.00) |
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Current Attempt in Progress Transactions that affect cash do not necessarily affect net income. Identify the...
Do all at he same time Transactions that affect cash do not necessarily affect net income. Identify the impact, if any,...
Do all at he same time
Transactions that affect cash do not necessarily affect net income. Identify the impact, if any, of each of the following transactions on cash and net income. The first transaction has been completed for you as an example. (For decreases use either a negative sign preceding the number, e.g.-45 or parenthesis, e.g. (45). If an answer is zero, please enter 0. Do not leave any fields blank.) Transactions Cash Profit (a) Purchased supplies for cash,...
Current Attempt in Progress Transactions that affect earnings do not necessarily affect cash. Identify the effect,...
Current Attempt in Progress Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any that each of the following transactions would have upon cash and net income. The first transaction has been completed as an example. (fen amount re then enter with negative sign preceding the number eg-15,000 or parentheseseg (15,000J Net Income Cash -$105 (al Purchased $105 of supplies for cash (bị Recorded an adjusting entry to record use of $25 of the above supplies....
BE3.2 (LO 1), C Transactions that affect net income do not necessarily affect cash. Identify the...
BE3.2 (LO 1), C Transactions that affect net income do not necessarily affect cash. Identify the effect, if any, that each of the following transactions would have upon cash and net income. The first transaction has been completed as an example. Cash Net Income $o a. Purchased $100 of supplies for cash. $100 b. Recorded an adjusting entry to record use of $20 of the above supplies. c. Made sales of $1,300, all on account. d. Received $800 from customers...
Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any, that each...
Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any, that each of the following transactions would have upon cash and net income. The first transaction has been completed as an example. (If an amount reduces the account balance then enter with negative sign preceding the number e.g. -15,000 or parentheses e.g. (15,000).) Cash -$100 Net Income $0 a. Purchased $100 of supplies for cash. b. Recorded an adjusting entry to record use of $20 of...
Question 1 of 10 -/1 E View Policies Current Attempt in Progress Transactions that affect earnings...
Question 1 of 10 -/1 E View Policies Current Attempt in Progress Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any, that each of the following transactions would have upon cash and net income. The first transaction has been completed as an example. (If an amount reduces the account balance then enter with negative sign preceding the number eg.-15,000 or parentheses eg. (15,000).J Cash - $112 Net Income $0 (a) Purchased $112 of supplies for...
View Policies Current Attempt in Progress The May transactions of Blue Spruce Corp. were as follows....
View Policies Current Attempt in Progress The May transactions of Blue Spruce Corp. were as follows. May 4 7 8 9 Paid $750 due for supplies previously purchased on account. Performed advisory services on account for $7,150. Purchased supplies for $870 on account. Purchased equipment for $2.940 in cash. Paid employees $650 in cash. Received bill for equipment repairs of $830. Paid $1.270 for 12 months of insurance policy. Coverage begins June 1. 17 22 29 Journalize the transactions. (If...
the May transactions of ayayai corp were as follows View Policies Current Attempt in Progress The...
the May transactions of ayayai corp were as follows
View Policies Current Attempt in Progress The May transactions of Ayayai Corp.were as follows. May 4 7 8 9 Paid $670 due for supplies previously purchased on account. Performed advisory services on account for $6,530. Purchased supplies for $810 on account. Purchased equipment for $2,290 in cash. Paid employees $630 in cash. Received bill for equipment repairs of $840. Paid $1,290 for 12 months of insurance policy. Coverage begins June 1....
Question 1 View Policies Current Attempt in Progress Presented below are eight business transactions. Indicate the...
Question 1 View Policies Current Attempt in Progress Presented below are eight business transactions. Indicate the effect of each transaction on each element of the accounting equation. (a) Purchased $255 of supplies on account. (b) Performed $533 of services on account. (c) Paid $274 of operating expenses. (d) Paid $255 cash on account for the supplies purchased in item (a) above. (e) Invested $1.117 cash in the business. (1) Owner withdrew $447 cash. (8) Hired an employee to start working...
Question / View Policies Current Attempt in Progress The May transactions of Bramble Corp.were as follows....
Question / View Policies Current Attempt in Progress The May transactions of Bramble Corp.were as follows. May 4 Paid $660 due for supplies previously purchased on account. 7 Performed advisory services on account for $7,060. 8 Purchased supplies for $870 on account. 9 Purchased equipment for $2.780 in cash. 17 Paid employees $710 in cash. 22 Received bill for equipment repairs of $820. 29 Paid $1,260 for 12 months of insurance policy. Coverage begins June 1. Journalize the transactions. (If...
Question 1 View Policies /1 Current Attempt in Progress Presented below are eight business transactions. Indicate...
Question 1 View Policies /1 Current Attempt in Progress Presented below are eight business transactions. Indicate the effect of each transaction on each element of the accounting equation (a) Purchased $259 of supplies on account. (b) Performed $497 of services on account. () Paid $291 of operating expenses. (d) Paid $259 cash on account for the supplies purchased in item (a) above. (e) Invested $1,191 cash in the business. () Owner withdrew $350 cash. (g) Hired an employee to start...
Do all at he same time
Transactions that affect cash do not necessarily affect net income. Identify the impact, if any, of each of the following transactions on cash and net income. The first transaction has been completed for you as an example. (For decreases use either a negative sign preceding the number, e.g.-45 or parenthesis, e.g. (45). If an answer is zero, please enter 0. Do not leave any fields blank.) Transactions Cash Profit (a) Purchased supplies for cash,...
Current Attempt in Progress Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any that each of the following transactions would have upon cash and net income. The first transaction has been completed as an example. (fen amount re then enter with negative sign preceding the number eg-15,000 or parentheseseg (15,000J Net Income Cash -$105 (al Purchased $105 of supplies for cash (bị Recorded an adjusting entry to record use of $25 of the above supplies....
BE3.2 (LO 1), C Transactions that affect net income do not necessarily affect cash. Identify the effect, if any, that each of the following transactions would have upon cash and net income. The first transaction has been completed as an example. Cash Net Income $o a. Purchased $100 of supplies for cash. $100 b. Recorded an adjusting entry to record use of $20 of the above supplies. c. Made sales of $1,300, all on account. d. Received $800 from customers...
Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any, that each of the following transactions would have upon cash and net income. The first transaction has been completed as an example. (If an amount reduces the account balance then enter with negative sign preceding the number e.g. -15,000 or parentheses e.g. (15,000).) Cash -$100 Net Income $0 a. Purchased $100 of supplies for cash. b. Recorded an adjusting entry to record use of $20 of...
Question 1 of 10 -/1 E View Policies Current Attempt in Progress Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any, that each of the following transactions would have upon cash and net income. The first transaction has been completed as an example. (If an amount reduces the account balance then enter with negative sign preceding the number eg.-15,000 or parentheses eg. (15,000).J Cash - $112 Net Income $0 (a) Purchased $112 of supplies for...
View Policies Current Attempt in Progress The May transactions of Blue Spruce Corp. were as follows. May 4 7 8 9 Paid $750 due for supplies previously purchased on account. Performed advisory services on account for $7,150. Purchased supplies for $870 on account. Purchased equipment for $2.940 in cash. Paid employees $650 in cash. Received bill for equipment repairs of $830. Paid $1.270 for 12 months of insurance policy. Coverage begins June 1. 17 22 29 Journalize the transactions. (If...
the May transactions of ayayai corp were as follows
View Policies Current Attempt in Progress The May transactions of Ayayai Corp.were as follows. May 4 7 8 9 Paid $670 due for supplies previously purchased on account. Performed advisory services on account for $6,530. Purchased supplies for $810 on account. Purchased equipment for $2,290 in cash. Paid employees $630 in cash. Received bill for equipment repairs of $840. Paid $1,290 for 12 months of insurance policy. Coverage begins June 1....
Question 1 View Policies Current Attempt in Progress Presented below are eight business transactions. Indicate the effect of each transaction on each element of the accounting equation. (a) Purchased $255 of supplies on account. (b) Performed $533 of services on account. (c) Paid $274 of operating expenses. (d) Paid $255 cash on account for the supplies purchased in item (a) above. (e) Invested $1.117 cash in the business. (1) Owner withdrew $447 cash. (8) Hired an employee to start working...
Question / View Policies Current Attempt in Progress The May transactions of Bramble Corp.were as follows. May 4 Paid $660 due for supplies previously purchased on account. 7 Performed advisory services on account for $7,060. 8 Purchased supplies for $870 on account. 9 Purchased equipment for $2.780 in cash. 17 Paid employees $710 in cash. 22 Received bill for equipment repairs of $820. 29 Paid $1,260 for 12 months of insurance policy. Coverage begins June 1. Journalize the transactions. (If...
Question 1 View Policies /1 Current Attempt in Progress Presented below are eight business transactions. Indicate the effect of each transaction on each element of the accounting equation (a) Purchased $259 of supplies on account. (b) Performed $497 of services on account. () Paid $291 of operating expenses. (d) Paid $259 cash on account for the supplies purchased in item (a) above. (e) Invested $1,191 cash in the business. () Owner withdrew $350 cash. (g) Hired an employee to start...
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