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The following table shows the effects of transactions /through 5 on the assets, liabilities, and equity...
The following table shows the effects of transactions 1through 5on the assets, liabilities, and equity of...
The following table shows the effects of transactions 1through 5on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description. Assets = Liabilities + Equity Accounts + Receivable + Supplies + %24 Office Accounts Common Cash Land Payable Stock + Revenues +. + $28,000 4,900 + $ 61,900 + $ $30,000 + 1. - 4,900 + + $3,900 +. +] 2,800 2. + 2,800 2,800 +] +] +] 3. + 2,800 4. - 1,900...
The following table shows the effects of five transactions through 5 on the assets, liabilities, and...
The following table shows the effects of five transactions through 5 on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description Assets - Liabilities + Equity Mulan, + Accounts Office Cash + Receivable + Supplies + Land $ 21,000+ $ 0 + $3,000 + $ 19,000 1. 4,000 0 0 + 4,000 2. + 0 + 1,800 + 0 + 0 3. + 2,000 2,000 0 0 4. - 1,000 + 0 1,000...
Check my work The following table shows the effects of five transactions (1 through 5) on...
Check my work The following table shows the effects of five transactions (1 through 5) on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description. Assets = Liabilities + Equity points Cash $ 21,000 - 4,000 Accounts + Receivable + $ 0 Office + Supplies + + $3,000 + + + 1,000 Land $ 19,000 4,000 = = Accounts Payable $ 0 + + Common Stock $ 43,000 + Revenues + $ 0...
Exercise 1-11 Identifying effects of transactions on the accounting equation LO P1 The following table shows...
Exercise 1-11 Identifying effects of transactions on the accounting equation LO P1 The following table shows the effects of transactions 1 through 5 on the assets, liabilities, and equity of Mulan's Boutique, Match the given transaction with its probable description Assets - Liabilities + Equity Accounts Payable $ 0 Common + Stock • $ 43,000 + Revenues + 4 + 1,000 Accounts Office Canh + Receivable + Supplies + Land $ 21,000+ $ 0 + $3,000 + $ 19,000 -...
Identify each of the following items as assets, liabilities, or equity from the drop down provided....
Identify each of the following items as assets, liabilities, or equity from the drop down provided. 1. Accounts payable 2. Supplies 3. Taxes payable 4. Computer Equipment 5. Common stock 6. Land The following table shows the effects of five transactions (through 5) on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description. Nosota Liabilities Equity Cash $ 21.000 Accounts Office + Receivable + Supplies + + $ 0 $3,000 Land $19.000 4.000...
Assets - Liabilities + Stockholders' Equity Retained Earnings Accounts + Receivable Supplies Equipment Accounts Payable Common...
Assets - Liabilities + Stockholders' Equity Retained Earnings Accounts + Receivable Supplies Equipment Accounts Payable Common Stock +$15,000 Revenues Expenses Dividend + $5,000 +$3,000 +$750 $4,500 + $9.400 Service Revenue Cash +$15,000 -2.000 -750 +4,900 - 1,500 -2,000 -850 +450 -3,900 -1,500 -$2,000 Rent Expense -$850 -3,900 -500 Salaries/Wages Expense Utilities Expense (b) Determine how much stockholders' equity increased for the month. Increase in stockholders' equity (c) Compute the amount of net income for the month Net income Toth Company...
i need statement of cash flows please Problem 2: (30 pts) Based on the following information,...
i need statement of cash flows please
Problem 2: (30 pts) Based on the following information, prepare the statement of cash flows using the indirect method. Smo Company Balance Sheet 2010 2009 Change Current assets: Cash Accounts receivable Inventory Interest Receivable Prepaid expenses Long-term assets Plant & equipment (net) Land $14,200 28,600 83,600 1,900 2,500 $5,300 26,900 87,200 700 1,900 $8,900 1,700 (3,600) 1,200 600 53,500 89.000 49,400 60,000 4,100 29,000 Total Assets 273,300 231,400 Current liabilities: Accounts payable Interest...
prepare a tabular analysis that shows the effects of these transactions on the expanded accounting equation...
prepare a tabular analysis that shows the effects of these
transactions on the expanded accounting equation
Transactions made by Pharoah Company for the month of March are shown below. 1. 2. 3. 4. The company performed $23,660 of services for customers on account. The company received $23,660 in cash from customers who had been billed for services [in transaction (1)). The company received a bill for $2,470 of advertising but will not pay it until a later date. Pharoah Company...
Exercise 3-20A Record transactions and prepare adjusting entries, adjusted trial balance, financial statements, and closing entries...
Exercise 3-20A Record transactions and prepare adjusting entries, adjusted trial balance, financial statements, and closing entries (LO3-3, 3-4, 3-5, 3-6, 3-7) (GL) On January 1, 2021, Red Flash Photography had the following balances: Cash, $20,000; Supplies, $8,800; Land, $68,000; Deferred Revenue, $5,800; Common Stock $58,000; and Retained Earnings, $33,000. During 2021, the company had the following transactions: 1. February 15 Issue additional shares of common stock, $ 28,000. 2. May 20 Provide services to customers for cash, $ 43,000, and...
Analyze the effect of transactions o assets, liabilities, and stockholders equity. E3.2 (LO 1), AP Brady...
Analyze the effect of transactions o assets, liabilities, and stockholders equity. E3.2 (LO 1), AP Brady Company entered into these transactions during May 2022, its first month of operations. 1. Stockholders invested $40,000 in the business in exchange for common stock of the company. 2. Purchased computers for office use for $30,000 from Ladd on account. 3. Paid $4,000 cash for May rent on storage space. 4. Performed computer services worth $19,000 on account. 5. Performed computer services for Wharton...
The following table shows the effects of transactions 1through 5on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description. Assets = Liabilities + Equity Accounts + Receivable + Supplies + %24 Office Accounts Common Cash Land Payable Stock + Revenues +. + $28,000 4,900 + $ 61,900 + $ $30,000 + 1. - 4,900 + + $3,900 +. +] 2,800 2. + 2,800 2,800 +] +] +] 3. + 2,800 4. - 1,900...
The following table shows the effects of five transactions through 5 on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description Assets - Liabilities + Equity Mulan, + Accounts Office Cash + Receivable + Supplies + Land $ 21,000+ $ 0 + $3,000 + $ 19,000 1. 4,000 0 0 + 4,000 2. + 0 + 1,800 + 0 + 0 3. + 2,000 2,000 0 0 4. - 1,000 + 0 1,000...
Check my work The following table shows the effects of five transactions (1 through 5) on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description. Assets = Liabilities + Equity points Cash $ 21,000 - 4,000 Accounts + Receivable + $ 0 Office + Supplies + + $3,000 + + + 1,000 Land $ 19,000 4,000 = = Accounts Payable $ 0 + + Common Stock $ 43,000 + Revenues + $ 0...
Exercise 1-11 Identifying effects of transactions on the accounting equation LO P1 The following table shows the effects of transactions 1 through 5 on the assets, liabilities, and equity of Mulan's Boutique, Match the given transaction with its probable description Assets - Liabilities + Equity Accounts Payable $ 0 Common + Stock • $ 43,000 + Revenues + 4 + 1,000 Accounts Office Canh + Receivable + Supplies + Land $ 21,000+ $ 0 + $3,000 + $ 19,000 -...
Identify each of the following items as assets, liabilities, or equity from the drop down provided. 1. Accounts payable 2. Supplies 3. Taxes payable 4. Computer Equipment 5. Common stock 6. Land The following table shows the effects of five transactions (through 5) on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description. Nosota Liabilities Equity Cash $ 21.000 Accounts Office + Receivable + Supplies + + $ 0 $3,000 Land $19.000 4.000...
Assets - Liabilities + Stockholders' Equity Retained Earnings Accounts + Receivable Supplies Equipment Accounts Payable Common Stock +$15,000 Revenues Expenses Dividend + $5,000 +$3,000 +$750 $4,500 + $9.400 Service Revenue Cash +$15,000 -2.000 -750 +4,900 - 1,500 -2,000 -850 +450 -3,900 -1,500 -$2,000 Rent Expense -$850 -3,900 -500 Salaries/Wages Expense Utilities Expense (b) Determine how much stockholders' equity increased for the month. Increase in stockholders' equity (c) Compute the amount of net income for the month Net income Toth Company...
i need statement of cash flows please
Problem 2: (30 pts) Based on the following information, prepare the statement of cash flows using the indirect method. Smo Company Balance Sheet 2010 2009 Change Current assets: Cash Accounts receivable Inventory Interest Receivable Prepaid expenses Long-term assets Plant & equipment (net) Land $14,200 28,600 83,600 1,900 2,500 $5,300 26,900 87,200 700 1,900 $8,900 1,700 (3,600) 1,200 600 53,500 89.000 49,400 60,000 4,100 29,000 Total Assets 273,300 231,400 Current liabilities: Accounts payable Interest...
prepare a tabular analysis that shows the effects of these
transactions on the expanded accounting equation
Transactions made by Pharoah Company for the month of March are shown below. 1. 2. 3. 4. The company performed $23,660 of services for customers on account. The company received $23,660 in cash from customers who had been billed for services [in transaction (1)). The company received a bill for $2,470 of advertising but will not pay it until a later date. Pharoah Company...
Exercise 3-20A Record transactions and prepare adjusting entries, adjusted trial balance, financial statements, and closing entries (LO3-3, 3-4, 3-5, 3-6, 3-7) (GL) On January 1, 2021, Red Flash Photography had the following balances: Cash, $20,000; Supplies, $8,800; Land, $68,000; Deferred Revenue, $5,800; Common Stock $58,000; and Retained Earnings, $33,000. During 2021, the company had the following transactions: 1. February 15 Issue additional shares of common stock, $ 28,000. 2. May 20 Provide services to customers for cash, $ 43,000, and...
Analyze the effect of transactions o assets, liabilities, and stockholders equity. E3.2 (LO 1), AP Brady Company entered into these transactions during May 2022, its first month of operations. 1. Stockholders invested $40,000 in the business in exchange for common stock of the company. 2. Purchased computers for office use for $30,000 from Ladd on account. 3. Paid $4,000 cash for May rent on storage space. 4. Performed computer services worth $19,000 on account. 5. Performed computer services for Wharton...
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