Question

Required information The following information applies to the questions displayed below. Aly Services Inc. (ASI) is a mobile pet services company and was incorporated January 1 The following transactions occurred during the year: a. Owners contribute $5,000 to the company. The company issues stock to the owners b. ASI takes out a $20,000, 5-year loan from the bank c. ASI pays $10,000 cash to buy a truck. ASI purchases $400 worth of grooming supplies (shampoos, etc.) on credit. The company receives a bill and will pay the bill later. ASI groomed 30 dogs at a rate of $40 per dog ($1,200 total) during the month. The company collected cash from clients immediately after providing the service ASI has a contract with two large corporate clients where ASI cares for all of the f clients' employees' pets for the month while the employees are at work. The company provided $6,000 worth of dog sitting and grooming services and gave ach of the two clients a bill for the services. The clients did not pay ASI any cash yet During the month ASI paid $1,500 Cash to Employees for work performed this month 9 and paid $300 for this month's liability insurance h. The company pays a $3,000 dividend to its owners

Answer 1

Requirement

	Cash	Accounts receivables	Supplies	Equipment	Accounts Payable	Notes Payable	Common Stock	Service Revenue	Wages expense	Insurance expense	Dividends
Beg	$                                               -	$                          -	$                        -	$                        -	$                        -	$                    -	$                               -	$                   -	$                       -	$                      -	$               -
a	$                                        5,000	$                          -	$                        -	$                        -	$                        -	$                    -	$                        5,000	$                   -	$                       -	$                      -	$               -
b	$                                      20,000	$                          -	$                        -	$                        -	$                        -	$          20,000	$                               -	$                   -	$                       -	$                      -	$               -
c	$                                   (10,000)	$                          -	$                        -	$               10,000	$                        -	$                    -	$                               -	$                   -	$                       -	$                      -	$               -
d	$                                               -	$                          -	$                     400	$                        -	$                     400	$                    -	$                               -	$                   -	$                       -	$                      -	$               -
e	$                                        1,200	$                          -	$                        -	$                        -	$                        -	$                    -	$                               -	$            1,200	$                       -	$                      -	$               -
f	$                                               -	$                   6,000	$                        -	$                        -	$                        -	$                    -	$                               -	$            6,000 [assumed to be total for both clients, or else this would be $ 12,000]	$                       -	$                      -	$               -
g	$                                      (1,800)	$                          -	$                        -	$                        -	$                        -	$                    -	$                               -	$                   -	$                1,500	$                  300	$               -
h	$                                      (3,000)	$                          -	$                        -	$                        -	$                        -	$                    -	$                               -	$                   -	$                       -	$                      -	$        3,000
End	$                                      11,400	$                   6,000	$                     400	$               10,000	$                     400	$          20,000	$                        5,000	$            7,200	$                1,500	$                  300	$        3,000

--NOTE: IF Wages Expenses, Insurance expense and Dividends show INCORRECT answer after entering above, enter the same amounts as NEGATIVE figure with a minus sign.