Homework Answers
Answer
--Transaction #1: Amount included as 'ASSET' = Cash $ 58,000 + Inventory $ 29,000 = $ 87,000
--Transaction #2: Amount included as 'ASSET' = Accounts receivables $ 20,000
TOTAL ASSETS = 87000 + 20000 = $ 107,000
Correct Answer = Option 'A' $ 107,000
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need help The following transactions were completed by the company. a. The owner invested $16,600 cash...
need help
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The following transactions were completed by the company. a. The owner (Alex Carr) invested $17,400 cash in the company. b. The company purchased supplies for $1,100 cash. c. The owner Alex Carr) invested $11,200 of equipment in the company. d. The company purchased $320 of additional supplies on credit. e. The company purchased land for $10,200 cash. Required: Enter the impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a minus sign.)...
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The following transactions were completed by the company. a. The owner invested $18,600 cash in the company in exchange for its common stock. b. The company purchased supplies for $1,400 cash. c. The owner invested $11,800 of equipment in the company in exchange for more common stock. d. The company purchased $380 of additional supplies on credit. e. The company purchased land for $10,800 cash. Required: Enter the impact of each transaction on individual items of the accounting equation. (Enter...
The following transactions were completed by the company. a. The owner invested $15,000 cash in the company in exchange for its common stock. b. The company purchased supplies for $500 cash. c. The owner invested $10,000 of equipment in the company in exchange for more common stock, d. The company purchased $200 of additional supplies on credit. e. The company purchased land for $9,000 cash. Required: Enter the impact of each transaction on individual items of the accounting equation. (Enter...
The following transactions were completed by the company. a. The owner invested $15,000 cash in the company in exchange for its common stock. b. The company purchased supplies for $500 cash. c. The owner invested $10,000 of equipment in the company in exchange for more common stock. d. The company purchased $200 of additional supplies on credit. e. The company purchased land for $9,000 cash. Required: Enter the impact of each transaction on individual items of the accounting equation. (Enter...
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need help
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Attribute
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Sample Value
Sample Value
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