Homework Answers
| BETTER CORPORATION | ||||||||||
| Accounting Equation for 2018 | ||||||||||
| Event | Asset | = | Liabilities | + | Stockholders' Equity | Account titles for Retained Earnings | ||||
| Cash | + | Land | = | Notes Payable | + | Common Stock | + | Retained Earnings | ||
| Balance 1/1/2018 | $23000 | + | $33000 | = | $13300 | + | 8300 | + | 34400 | |
| 1. | -11500 | + | 11500 | = | + | + | ||||
| 2. | 38000 | + | = | + | 38000 | + | ||||
| 3. | 77000 | + | = | + | + | 77000 | Revenue | |||
| 4. | -40700 | + | = | + | + | -40700 | Expenses | |||
| 5. | 23000 | + | = | 23000 | + | + | ||||
| 6. | -11500 | + | = | + | + | -11500 | Dividends | |||
| 7. | ||||||||||
| Totals | $97300 | + | 44500 | = | 36300 | + | 46300 | + | 59200 | |
2)
| Assets | = | Liabilities | + | Stockholders' Equity | |
| b. | $141800 | = | $36300 | + | 105500 |
| c. | $141800 | = | $36300 | + | 105500 |
Assets= Cash+Land= $97300+44500= $141800
Stockholders' Equity= Common stock+Retained earnings= $46300+59200= $105500
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At the beginning of 2018, Better Corp's accounting records had the following general ledger accounts and...
At the beginning of 2018, Better Corp's accounting records had the following general ledger accounts and...
At the beginning of 2018, Better Corp's accounting records had the following general ledger accounts and balances: BETTER CORP. Accounting Equation Accounting Titles for Retained Earnings Event Assets = + Cash Land 23,000 33,000 Liabilities Notes Payable 13,300 Stockholders' Equity Common Retained Stock Earnings 8,300 34,400 1/1/2018 Better Corp. completed the following transactions during 2018: 1. Purchased land for $11,500 cash. 2. Acquired $38,000 cash from the issue of common stock. 3. Received $77,000 cash for providing services to customers....
At the beginning of 2018, Better Corp's accounting records had the following general ledger accounts and...
At the beginning of 2018, Better Corp's accounting records had the following general ledger accounts and balances: BETTER CORP. Accounting Equation Event - + Accounting Titles for Retained Earnings Liabilities Notes Payable 12,800 Cash Land 18,000 28,000 Stockholders' Equity Common Retained Stock Earnings 7,800 25,400 Balance 1/1/2018 Better Corp. completed the following transactions during 2018: 1. Purchased land for $9,000 cash. 2. Acquired $33,000 cash from the issue of common stock 3. Received $72,000 cash for providing services to customers....
At the beginning of 2018, Better Corp.'s accounting records had the following general ledger accounts and...
At the beginning of 2018, Better Corp.'s accounting records had the following general ledger accounts and balances: BETTER CORP. Accounting Equation Event Assets = + Accounting Titles for Retained Earnings Liabilities Notes Payable 12,100 Cash Land 11,000 21,000 - Stockholders' Equity Common Retained Stock Earnings 7,100 12,800 Balance 1/1/2018 Better Corp. completed the following transactions during 2018: 1. Purchased land for $5,500 cash. 2. Acquired $26,000 cash from the issue of common stock. 3. Received $65,000 cash for providing services...
At the beginning of 2018, Better Corp.'s accounting records had the following general ledger accounts and...
At the beginning of 2018, Better Corp.'s accounting records had the following general ledger accounts and balances: BETTER CORP. Accounting Equation Event Assets = Accounting Titles for Retained Earnings + Liabilities Notes Payable 12,000 Cash Land 10,000 20,000 Stockholders' Equity Common Retained Stock Earnings 7,000 11,000 Balance 1/1/2018 Better Corp. completed the following transactions during 2018: 1. Purchased land for $5,000 cash. 2. Acquired $25,000 cash from the issue of common stock. 3. Received $75,000 cash for providing services to...
At the beginning of 2018, Better Corp.'s accounting records had the following general ledger accounts and...
At the beginning of 2018, Better Corp.'s accounting records had the following general ledger accounts and balances: Event Assets BETTER CORP. Accounting Equation Liabilities + Stockholders' Equity Notes Common Retained Payable Stock Earnings 12,200 7,200 14,600 Accounting Titles for Retained Earnings Cash Land Balance 1/1/2018 12,000 22,000 Better Corp. completed the following transactions during 2018: 1. Purchased land for $6,000 cash. 2. Acquired $27,000 cash from the issue of common stock. 3. Received $66,000 cash for providing services to customers....
t the beginning of Year 2, Better Corp's accounting records had the following general ledger accounts...
t the beginning of Year 2, Better Corp's accounting records had the following general ledger accounts and balances. BETTER CORP. Accounting Equation . Liabilities+ Stockholders Equity stockR Event Assets Cash 24,000 Retained Earnings Land 34,000 Balance 01/01/Year 2 13,400 8,400 36,200 Better Corp. completed the following transactions during Year: 1. Purchased land for $12,000 cash. 2. Acquired $39,000 cash from the issue of common stock 3. Received $78,000 cash for providing services to customers. 4. Paid cash operating expenses of...
At the beginning of Year 2, Better Corp.’s accounting records had the following general ledger accounts...
At the beginning of Year 2, Better Corp.’s accounting records
had the following general ledger accounts and balances.
Better Corp. completed the following transactions during Year
2:
Purchased land for $6,000 cash.
Acquired $27,000 cash from the issue of common stock.
Received $66,000 cash for providing services to customers.
Paid cash operating expenses of $41,800.
Borrowed $12,000 cash from the bank.
Paid a $6,000 cash dividend to the stockholders.
Determined that the market value of the land purchased in event...
I need both sheets filled out At the beginning of 2018, Better Corp 's accounting records...
I need both sheets filled out
At the beginning of 2018, Better Corp 's accounting records had the following general ledger accounts and balances BETTER CORP. Accounting Equation Accounting Titles for Retained Earnings Event Assets s Liabilities Notes Payable 13,408 Common Stock 8,400 Retained Earnings 36, 280 Cash Land 1/1/2018 24,080 34, eee Better Corp. completed the following transactions during 2018: 1. Purchased land for $12,000 cash. 2. Acquired $39,000 cash from the issue of common stock 3. Received $78,000...
At the beginning of 2016, Better Corp.'s accounting records had the following general ledger accounts and...
At the beginning of 2016, Better Corp.'s accounting records had the following general ledger accounts and balances. BETTER CORP. Accounting Equation Accounting Titles for Retained Eaminga Event Assets = Liabilities + Stockholders' Equity Cash 10,000 Land 20,000 Notes Payable 12,000 Common Retained Stock Earnings 7,000 11,000 Balance 1/1/2016 Better Corp. completed the following transactions during 2016: 1. Purchased land for $5,000 cash. 2. Acquired $25,000 cash from the issue of common stock. 3. Received $75,000 cash for providing services to...
At the beginning of Year 2, Better Corp.'s accounting records had the following general ledger accounts...
At the beginning of Year 2, Better Corp.'s accounting records had the following general ledger accounts and balances. BETTER CORP Accounting Equation Accounting Titles for Retained Earnings Event Liabilities + Notes Payable Common Stock Retained Earnings Assets Stockholders' Equit Cash 15,000 Land 25,000 Balance 01/01/Year 2 12,500 7,500 20,000 Better Corp. completed the following transactions during Year 2: 1. Purchased land for $7,500 cash. 2. Acquired $30,000 cash from the issue of common stock. 3. Received $69,000 cash for providing...
At the beginning of 2018, Better Corp's accounting records had the following general ledger accounts and balances: BETTER CORP. Accounting Equation Accounting Titles for Retained Earnings Event Assets = + Cash Land 23,000 33,000 Liabilities Notes Payable 13,300 Stockholders' Equity Common Retained Stock Earnings 8,300 34,400 1/1/2018 Better Corp. completed the following transactions during 2018: 1. Purchased land for $11,500 cash. 2. Acquired $38,000 cash from the issue of common stock. 3. Received $77,000 cash for providing services to customers....
At the beginning of 2018, Better Corp's accounting records had the following general ledger accounts and balances: BETTER CORP. Accounting Equation Event - + Accounting Titles for Retained Earnings Liabilities Notes Payable 12,800 Cash Land 18,000 28,000 Stockholders' Equity Common Retained Stock Earnings 7,800 25,400 Balance 1/1/2018 Better Corp. completed the following transactions during 2018: 1. Purchased land for $9,000 cash. 2. Acquired $33,000 cash from the issue of common stock 3. Received $72,000 cash for providing services to customers....
At the beginning of 2018, Better Corp.'s accounting records had the following general ledger accounts and balances: BETTER CORP. Accounting Equation Event Assets = + Accounting Titles for Retained Earnings Liabilities Notes Payable 12,100 Cash Land 11,000 21,000 - Stockholders' Equity Common Retained Stock Earnings 7,100 12,800 Balance 1/1/2018 Better Corp. completed the following transactions during 2018: 1. Purchased land for $5,500 cash. 2. Acquired $26,000 cash from the issue of common stock. 3. Received $65,000 cash for providing services...
At the beginning of 2018, Better Corp.'s accounting records had the following general ledger accounts and balances: BETTER CORP. Accounting Equation Event Assets = Accounting Titles for Retained Earnings + Liabilities Notes Payable 12,000 Cash Land 10,000 20,000 Stockholders' Equity Common Retained Stock Earnings 7,000 11,000 Balance 1/1/2018 Better Corp. completed the following transactions during 2018: 1. Purchased land for $5,000 cash. 2. Acquired $25,000 cash from the issue of common stock. 3. Received $75,000 cash for providing services to...
At the beginning of 2018, Better Corp.'s accounting records had the following general ledger accounts and balances: Event Assets BETTER CORP. Accounting Equation Liabilities + Stockholders' Equity Notes Common Retained Payable Stock Earnings 12,200 7,200 14,600 Accounting Titles for Retained Earnings Cash Land Balance 1/1/2018 12,000 22,000 Better Corp. completed the following transactions during 2018: 1. Purchased land for $6,000 cash. 2. Acquired $27,000 cash from the issue of common stock. 3. Received $66,000 cash for providing services to customers....
t the beginning of Year 2, Better Corp's accounting records had the following general ledger accounts and balances. BETTER CORP. Accounting Equation . Liabilities+ Stockholders Equity stockR Event Assets Cash 24,000 Retained Earnings Land 34,000 Balance 01/01/Year 2 13,400 8,400 36,200 Better Corp. completed the following transactions during Year: 1. Purchased land for $12,000 cash. 2. Acquired $39,000 cash from the issue of common stock 3. Received $78,000 cash for providing services to customers. 4. Paid cash operating expenses of...
At the beginning of Year 2, Better Corp.’s accounting records
had the following general ledger accounts and balances.
Better Corp. completed the following transactions during Year
2:
Purchased land for $6,000 cash.
Acquired $27,000 cash from the issue of common stock.
Received $66,000 cash for providing services to customers.
Paid cash operating expenses of $41,800.
Borrowed $12,000 cash from the bank.
Paid a $6,000 cash dividend to the stockholders.
Determined that the market value of the land purchased in event...
I need both sheets filled out
At the beginning of 2018, Better Corp 's accounting records had the following general ledger accounts and balances BETTER CORP. Accounting Equation Accounting Titles for Retained Earnings Event Assets s Liabilities Notes Payable 13,408 Common Stock 8,400 Retained Earnings 36, 280 Cash Land 1/1/2018 24,080 34, eee Better Corp. completed the following transactions during 2018: 1. Purchased land for $12,000 cash. 2. Acquired $39,000 cash from the issue of common stock 3. Received $78,000...
At the beginning of 2016, Better Corp.'s accounting records had the following general ledger accounts and balances. BETTER CORP. Accounting Equation Accounting Titles for Retained Eaminga Event Assets = Liabilities + Stockholders' Equity Cash 10,000 Land 20,000 Notes Payable 12,000 Common Retained Stock Earnings 7,000 11,000 Balance 1/1/2016 Better Corp. completed the following transactions during 2016: 1. Purchased land for $5,000 cash. 2. Acquired $25,000 cash from the issue of common stock. 3. Received $75,000 cash for providing services to...
At the beginning of Year 2, Better Corp.'s accounting records had the following general ledger accounts and balances. BETTER CORP Accounting Equation Accounting Titles for Retained Earnings Event Liabilities + Notes Payable Common Stock Retained Earnings Assets Stockholders' Equit Cash 15,000 Land 25,000 Balance 01/01/Year 2 12,500 7,500 20,000 Better Corp. completed the following transactions during Year 2: 1. Purchased land for $7,500 cash. 2. Acquired $30,000 cash from the issue of common stock. 3. Received $69,000 cash for providing...
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