Question

The following out the financial position of Swth Computing, Inc., on September 30, 2018 Click the icon to view the September 30, 2018 francial position) During October 2018. Smith Computing completed these transactions Cick the icon to view the transactions) Read the requirements Requirement 1. Au the affects of the preceding transactions on the accounting equation of Smith Computing, Inc Enter the transactions in the accounting to beginning with transaction Forra s tre d e theme of gulbruction for ansactions onto the amounts into the accounting equation as one transaction Ar ransactions have been bred, calculate the ending balance of each count, total assets and total liabilities and stockholders' equity Use parenthesesora minus sign whe re account. Habe noted in the love the box opty, do not enter a zero Assets Liabilities Stockholders' Equity Accounts Receivable Accounts Payable Common Stack Retained Earings Type of Equity T action - Con supples Eaupmert 2300 Choose from any list of enter any number in the rout fields and then continue to the next question

a-h are the transactions and then the a-h on the first part just go with the transactions

Answer 1

Common Stock $6,400 + $4,000 + Stockholders' Equity Retained Type of Equity Transactions Earnings $3,450 Bal. + + + $6,500 Income + + Assets Liabilities + Accounts Accounts Cash + Supplies + Equipment = 'Receivable Payable $2,300 + $3,550 + $12,100 = $8,100 + $4,000 + $6,500 + -$4,400 + 1 = $4,400 + $1,100 = $1,100 + $1,500 + -$1,500 + $3,900 -$1,200 + 1 -$600 + + -$3,300 + $4,800 + $5,950 + $1,100+ $12,100 = $4,800 + $23,950 + + + + + + $3,900 Income -$1,200 Expense $600 Expense -$3,300 Dividend $8,750 Bal. $10,400 + $23,950 Smith Consulting, Inc. Income Statement Month Ended October 31, 2018 Revenue Service Revenue $10,400 Expenses: Office Rent Expense $1,200 Advertising Expense $600 Total Expense $1,800 Net Income /(Loss) $8,600 Smith Consulting, Inc. Statement of Retained Earnings Month Ended October 31, 2018 Beginning Balance $3,450 Add: Net Income $8,600 Subtotal $12,050 Less: Dividend $3,300 Ending Balance $8,750

Assets Cash Accounts Receivable Supplies Equipment $4,800 $4,800 $5,950 Smith Consulting, Inc. Balance Sheet October 31, 2018 Liabilities $4,800 Accounts Payable Total Liabilities $1,100 $12,100 Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilites $23,950 Stockholders' Equity $10,400 $8,750 $19,150 Total Assets $23,950