Homework Answers
| Assets | = | Liabilities | + | Shareholders Equity | |||||||||||
| Retained Earnings | |||||||||||||||
| Cash | + | Accounts Receivable | + | Equipment | = | Accounts Payable | + | Common Shares | + | Revenues | - | Expenses | - | Dividend Declared | |
| Sept.1 | 22,000 | + | + | = | + | 22,000 | + | - | - | ||||||
| Sept.2 | -1500 | + | + | = | + | + | - | -1500 | - | ||||||
| Sept.5 | -1,800 | + | + | 9800 | = | 8000 | + | + | - | - | |||||
| Sept.8 | 1,100 | + | 5600 | + | = | + | + | 6700 | - | - | |||||
| Sept.12 | + | + | = | 400 | + | + | - | -400 | - | ||||||
| Sept.20 | -3,000 | + | + | = | + | + | - | -3,000 | - | ||||||
| Sept.25 | -5,100 | - | + | = | -5100 | + | + | - | - | ||||||
| Sept.27 | -1,000 | + | + | = | + | + | - | -1000 | - | ||||||
| Sept.30 | -500 | + | + | = | + | + | - | - | 500 | ||||||
Kindly comment if you need further assistance. Thanks‼!
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Selected transactions for Blossom Corporation during September 2018, its first month in business, are presented below:...
Question 7A Selected transactions for Crane Corporation during September 2018, its first month in business, are...
Question 7A
Selected transactions for Crane Corporation during September
2018, its first month in business, are presented below:
Sept.
1
Issued common shares in exchange for $18,000 cash.
2
Paid $1,600 cash for rent for the month of September.
5
Purchased equipment for $9,800, paying $1,800 in cash and the
balance on account.
8
Earned $7,300 in revenue, receiving $900 cash and $6,400 on
account of services provided.
12
Incurred $600 in advertising expenses on account.
20
Paid $3,000 for...
Selected transactions for Sandhill Corporation during September 2018, its first month in business, are presented below:...
Selected transactions for Sandhill Corporation during September 2018, its first month in business, are presented below: Sept. Issued common shares in exchange for $22,000 cash. 2 Paid $ 1,300 cash for rent for the month of September. 5 Purchased equipment for $ 9,000, paying $ 1,900 in cash and the balance on account. 8 Earned $ 7,100 in revenue, receiving $ 1,000 cash and $ 6,100 on account of services provided. 12 Incurred $ 400 in advertising expense on account....
Selected transactions for Crane Corporation during September 2018, its first month in business, are presented below:...
Selected transactions for Crane Corporation during September 2018, its first month in business, are presented below: Sept. 1 Issued common shares in exchange for $18,000 cash. 2 Paid $1,600 cash for rent for the month of September. 5 Purchased equipment for $9,800, paying $1,800 in cash and the balance on account. 8 Earned $7,300 in revenue, receiving $900 cash and $6,400 on account of services provided. 12 Incurred $600 in advertising expense on account. 20 Paid $3,000 for repairs and...
Selected transactions for Crane Corporation during September 2018, its first month in business, are presented below:...
Selected transactions for Crane Corporation during September 2018, its first month in business, are presented below: Sept. 1 Issued common shares in exchange for $18,000 cash. 2 Paid $1,600 cash for rent for the month of September. 5 Purchased equipment for $9,800, paying $1,800 in cash and the balance on account. 8 Earned $7,300 in revenue, receiving $900 cash and $6,400 on account of services provided. 12 Incurred $600 in advertising expense on account. 20 Paid $3,000 for repairs and...
Selected transactions for Crane Corporation during September 2018, its first month in business, are presented below:...
Selected transactions for Crane Corporation during September 2018, its first month in business, are presented below: Sept. 1 Issued common shares in exchange for $18,000 cash. 2 Paid $ 1,400 cash for rent for the month of September. 5 Purchased equipment for $10,100, paying $ 2,000 in cash and the balance on account. 8 Earned $7,600 in revenue, receiving $1,000 cash and $6,600 on account of services provided. 12 Incurred $500 in advertising expense on account. 20 Paid $ 2,700...
Selected transactions for Crane Corporation during September 2018, its first month in business, are presented below:...
Selected transactions for Crane Corporation during September
2018, its first month in business, are presented below:
Sept.
1
Issued common shares in exchange for $18,000 cash.
2
Paid $1,600 cash for rent for the month of September.
5
Purchased equipment for $9,800, paying $1,800 in cash and the
balance on account.
8
Earned $7,300 in revenue, receiving $900 cash and $6,400 on
account of services provided.
12
Incurred $600 in advertising expenses on account.
20
Paid $3,000 for repairs and...
Selected transactions for Crane Corporation during September 2018, its first month in business, are presented below:...
Selected transactions for Crane Corporation during September 2018, its first month in business, are presented below: Sept. 1 Issued common shares in exchange for $18,000 cash. 2 Paid $1,600 cash for rent for the month of September. 5 Purchased equipment for $9,800, paying $1,800 in cash and the balance on account. 8 Earned $7,300 in revenue, receiving $900 cash and $6,400 on account of services provided. 12 Incurred $600 in advertising expense on account. 20 Paid $3,000 for repairs and...
Question1 Selected transactions for Sandhill Corporation during September 2018, its first month in business, are presented...
Question1 Selected transactions for Sandhill Corporation during September 2018, its first month in business, are presented below: 1 Issued common shares in exchange for $ 22,000 cash. 2 Paid $ 1,300 cash for rent for the month of September. 5 Purchased equipment for $ 9,000, paying $ 1,900 in cash and the balance on account. 8 Earned $ 7,100 in revenue, receiving $1,000 cash and $ 6,100 on account of services provided. 12 Incurred $ 400 in advertising expense on...
Selected transactions for Sunland Corporation during September 2018, its first month in business, are presented below:...
Selected transactions for Sunland Corporation during September 2018, its first month in business, are presented below: Sept. 1 Issued common shares in exchange for $20,000 cash. 2 Paid $1,500 cash for rent for the month of September. 5 Purchased equipment for $9,000, paying $2,100 in cash and the balance on account. 8 Earned $6.700 in revenue, receiving $1,000 cash and $5,700 on account of services provided. 12 Incurred $500 in advertising expense on account. 20 Paid $2,700 for repairs and...
Question 1 Setected transactions for Sandhill Corporation during September 2018, its first month in business,are presented...
Question 1 Setected transactions for Sandhill Corporation during September 2018, its first month in business,are presented below: Sept. 1 Issued common shares in exchange for $ 22,000 cash. 2 Paid $ 1,300 cash for rent for the month of September. 5 Purchased equipment for $9,000, paying $ 1,900 in cash and the balance on account 8 Earned $7,100 in revenue, receiving $1,000 cash and $ 6,100 on account of services provided. 12 Incurred $400 in advertising expense on account. 20...
Question 7A
Selected transactions for Crane Corporation during September
2018, its first month in business, are presented below:
Sept.
1
Issued common shares in exchange for $18,000 cash.
2
Paid $1,600 cash for rent for the month of September.
5
Purchased equipment for $9,800, paying $1,800 in cash and the
balance on account.
8
Earned $7,300 in revenue, receiving $900 cash and $6,400 on
account of services provided.
12
Incurred $600 in advertising expenses on account.
20
Paid $3,000 for...
Selected transactions for Sandhill Corporation during September 2018, its first month in business, are presented below: Sept. Issued common shares in exchange for $22,000 cash. 2 Paid $ 1,300 cash for rent for the month of September. 5 Purchased equipment for $ 9,000, paying $ 1,900 in cash and the balance on account. 8 Earned $ 7,100 in revenue, receiving $ 1,000 cash and $ 6,100 on account of services provided. 12 Incurred $ 400 in advertising expense on account....
Selected transactions for Crane Corporation during September 2018, its first month in business, are presented below: Sept. 1 Issued common shares in exchange for $18,000 cash. 2 Paid $1,600 cash for rent for the month of September. 5 Purchased equipment for $9,800, paying $1,800 in cash and the balance on account. 8 Earned $7,300 in revenue, receiving $900 cash and $6,400 on account of services provided. 12 Incurred $600 in advertising expense on account. 20 Paid $3,000 for repairs and...
Selected transactions for Crane Corporation during September 2018, its first month in business, are presented below: Sept. 1 Issued common shares in exchange for $18,000 cash. 2 Paid $1,600 cash for rent for the month of September. 5 Purchased equipment for $9,800, paying $1,800 in cash and the balance on account. 8 Earned $7,300 in revenue, receiving $900 cash and $6,400 on account of services provided. 12 Incurred $600 in advertising expense on account. 20 Paid $3,000 for repairs and...
Selected transactions for Crane Corporation during September 2018, its first month in business, are presented below: Sept. 1 Issued common shares in exchange for $18,000 cash. 2 Paid $ 1,400 cash for rent for the month of September. 5 Purchased equipment for $10,100, paying $ 2,000 in cash and the balance on account. 8 Earned $7,600 in revenue, receiving $1,000 cash and $6,600 on account of services provided. 12 Incurred $500 in advertising expense on account. 20 Paid $ 2,700...
Selected transactions for Crane Corporation during September
2018, its first month in business, are presented below:
Sept.
1
Issued common shares in exchange for $18,000 cash.
2
Paid $1,600 cash for rent for the month of September.
5
Purchased equipment for $9,800, paying $1,800 in cash and the
balance on account.
8
Earned $7,300 in revenue, receiving $900 cash and $6,400 on
account of services provided.
12
Incurred $600 in advertising expenses on account.
20
Paid $3,000 for repairs and...
Selected transactions for Crane Corporation during September 2018, its first month in business, are presented below: Sept. 1 Issued common shares in exchange for $18,000 cash. 2 Paid $1,600 cash for rent for the month of September. 5 Purchased equipment for $9,800, paying $1,800 in cash and the balance on account. 8 Earned $7,300 in revenue, receiving $900 cash and $6,400 on account of services provided. 12 Incurred $600 in advertising expense on account. 20 Paid $3,000 for repairs and...
Question1 Selected transactions for Sandhill Corporation during September 2018, its first month in business, are presented below: 1 Issued common shares in exchange for $ 22,000 cash. 2 Paid $ 1,300 cash for rent for the month of September. 5 Purchased equipment for $ 9,000, paying $ 1,900 in cash and the balance on account. 8 Earned $ 7,100 in revenue, receiving $1,000 cash and $ 6,100 on account of services provided. 12 Incurred $ 400 in advertising expense on...
Selected transactions for Sunland Corporation during September 2018, its first month in business, are presented below: Sept. 1 Issued common shares in exchange for $20,000 cash. 2 Paid $1,500 cash for rent for the month of September. 5 Purchased equipment for $9,000, paying $2,100 in cash and the balance on account. 8 Earned $6.700 in revenue, receiving $1,000 cash and $5,700 on account of services provided. 12 Incurred $500 in advertising expense on account. 20 Paid $2,700 for repairs and...
Question 1 Setected transactions for Sandhill Corporation during September 2018, its first month in business,are presented below: Sept. 1 Issued common shares in exchange for $ 22,000 cash. 2 Paid $ 1,300 cash for rent for the month of September. 5 Purchased equipment for $9,000, paying $ 1,900 in cash and the balance on account 8 Earned $7,100 in revenue, receiving $1,000 cash and $ 6,100 on account of services provided. 12 Incurred $400 in advertising expense on account. 20...
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