Homework Answers
| CARLA VISTA CO. | ||
| Balance Sheet | ||
| August 31, 2022 | ||
| Assets | ||
| Current Assets | ||
| Cash | $15,910 | |
| Accounts Receivable | $5,800 | |
| Supplies | $790 | |
| Total Current Assets | $22,500 | |
| Equipment | $5,030 | |
| Total Assets | $27,530 | |
| Liabilities and Stockholders' Equity | ||
| Current Liabilities | ||
| Accounts Payable* | $2,140 | |
| Total Current Liabilities | $2,140 | |
| Stockholders' Equity | ||
| Common Stock | $22,100 | |
| Retained Earnings** | $3,290 | |
| Total Stockholders' Equity | $25,390 | |
| Total Liabilities and Stockholders' Equity | $27,530 | |
*Accounts Payable = $3,450 - $1,700 + $390 = $2,140.
**Retained Earnings = Serv. Rev. - Rent Exp. - Sal. Exp. - Util.Exp. - Dividends = $9,800 - $820 - $3,800 - $390 - $1,500 = $3,290.
Add Answer to:
decrease in SLUCRIIULIS quity is explained. Assets Liabilities + Stockholders' Equity + Supp. + Equip. -...
A tabular analysis of the transactions made during August 2022 by Carla Vista Co. during its...
A tabular analysis of the transactions made during August 2022 by Carla Vista Co. during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets - Cash + A/R + Supp. + Equip. Liabilities + Stockholders' Equity Accounts Payable + Common Stock + Retained Earnings Revenues - Expenses Dividends $ 22,100 $22,100 - $5,030 $3,450 -1,580 -790 3,500 $790 Serv. Rev. $6,300 -1.700 -$1,500 -1.500 6 N -$820 Rent Exp. -820 500...
A tabular analysis of the transactions made during August 2022 by Carla Vista Co. during its...
A tabular analysis of the transactions made during August 2022 by Carla Vista Co. during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Stockholders' Equity Assets Liabilities + Supp. + Equip. Accounts Payable + Common Stock +Retained Earnings +A/R Cash Expenses Dividends Revenues $22,100 $22,100 1. $3,450 $5,030 -1,580 2. $790 3. -790 Serv. Rev $9,800 $6,300 3,500 4. -1,700 -1,700 5. -$1,500 -1,500 6. Rent Exp. -$820 -820 7. -500...
Assets Liabilities+ Stockholders' Equity Cash A/R + Supp. + Equip.Accounts Payable + Common Stock + Retained...
Assets Liabilities+ Stockholders' Equity Cash A/R + Supp. + Equip.Accounts Payable + Common Stock + Retained Earnings Revenues- Expenses - Dividends (1)$18,400 $18,400 Com. Stock $5,060 $3,950 -780 $780 4,500 $5,400 $9,900 Serv. Rev (5)-2,500 (6)-1,300 -790 410 (9)-4,000 -2,500 -$1,300 Div -$790 Rent Exp -410 -4,000 Sal. Exp Util. Exp (10) 220 -220 Prepare an income statement for August. SHERIDAN COMPANY Income Statement For the Month Ended August 31, 2017 Revenues Service Revenue 9900 Expenses 790 Rent Expense Salaries...
A tabular analysis of the transactions made during August 2017 by Sheridan Company during its first...
A tabular analysis of the transactions made during August 2017 by Sheridan Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets Liabilities Stockholders' Equity Cash+ A/R Supp. + Equip. Accounts Payable + Common Stock + Retained Earnings Revenues Expenses Dividends (1) $18,400 $18,400 Com. Stock $5,060 $3,950 -780 $780 4,500 $5,400 S9,900 (4) (5) 2,500 (6)1,300 Serv. Rev. -2,500 -$1,300 Div. -790 -$790 Rent Exp 410 -410 (9) -4,000...
Exercise 3-05 A tabular analysis of the transactions made during August 2022 by Sunland Company during...
Exercise 3-05 A tabular analysis of the transactions made during August 2022 by Sunland Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets = Liabilities + A/R + Supp. + Equip. = Accounts Payable + Common Stock + Cash + Stockholders' Equity Retained Earnings Revenues - Expenses - Dividends 1. $16,000 $5,030 $3,050 $580 i " ; i $5,700 $9,200 Serv. Rev. $16,000 -1,980 -580 3,500 -2,100 -2,500 -830...
Assets + Liabilities Unearned Serv. Rev Acc. Depr.- Equip. + Supplies + Prepaid Insurance + Equip....
Assets + Liabilities Unearned Serv. Rev Acc. Depr.- Equip. + Supplies + Prepaid Insurance + Equip. Unadj. Bal. 4,410 2,160 22,500 -3,600 10,800 Adj. 1 Adj. 2 Adj. 3 Adj. 4 Adj. Bal. Liabilities + Stockholders' Equity + Unearned Serv. Rev O Rev. - Exp. 10,800 A partial tabular summary of transactions for Tamarisk, Inc. on March 31, 2017, includes the following accounts before adjustments. Assets = Liabilities + Stockholders' Equity Acc. Depr.- Unearned Supplies + Prepaid Insurance + Equip....
Atabular analysis of the transactions made during August 2022 by Sheridan Company during its first month...
Atabular analysis of the transactions made during August 2022 by Sheridan Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained Assets Cash + AR - Supp,Equip Liabilities - Stockholders'Equity Accounts Common + Payable Stock Retained Earnings Revenues Expenses $21.300 $3,750 Div 1 2 3. $21.300 - 1.290 -820 $5.000 $8.20 4 3,700 $5.700 $9,400 5. -1.600 -1,600 -1.400 7 - 770 -5770 8 520 -520 9. -3.100 -3,100 10 340...
A tabular analysis of the transactions made during August 2022 by Wildhorse Co. during its first...
A tabular analysis of the transactions made during August 2022 by Wildhorse Co. during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets = Liabilities + Stockholders' Equity Cash + A/R + Supp. + Equip. = Accounts Payable + Common Stock + Retained Earnings Revenues - Expenses - Dividends 1. $21,400 $21,400 -1,730 $4,980 $3,250 -900 $900 4,900 $5,600 $10,500 Serv. Rev. i -1,800 -1,800 -3,000 -$3,000 -810 - $810 Rent...
A tabular analysis of the transactions made during August 2022 by Sandhill Co. during its first...
A tabular analysis of the transactions made during August 2022 by Sandhill Co. during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets Liabilities Cash + A/R + Supp. + Equip. - Accounts Payable + Common Stock + Stockholders' Equity Retained Earnings Revenues - Expenses - Dividends $23,700 $5,080 $3,300 $730 $6,300 $10,300 Serv. Rev. 1. $23,700 2. -1,780 3. -730 4 4,000 5. -2,400 6 -2,600 7. -760 8. 460...
for number 4, where did you get 140 from? Assets Liabilities + Stockholders' Equity Unearn. Prepd....
for number 4, where did you get 140 from?
Assets Liabilities + Stockholders' Equity Unearn. Prepd. + Acc. Depr.-+ Acc. Depr.- Accts Sal/Wages Serv. Rev. Mortg. Com. Retained Earnings Cash + Supplies+ Insur.+ Land Bids idgs.Equip EqupPay.Int. PayPay. Pay Stock Rev..Exp-Di 03,300+33,600+ 59,733+9,000-4,300 0 Bal. 2,2332,600+1,800 +14,733 +67,600 0 16,800 0- 4,433+ 0 Your answer is partially correct. Try again. Record adjustments on May 31 that reflect the following data. Include explanations for each adjustment to revenue or expense. (t...
A tabular analysis of the transactions made during August 2022 by Carla Vista Co. during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets - Cash + A/R + Supp. + Equip. Liabilities + Stockholders' Equity Accounts Payable + Common Stock + Retained Earnings Revenues - Expenses Dividends $ 22,100 $22,100 - $5,030 $3,450 -1,580 -790 3,500 $790 Serv. Rev. $6,300 -1.700 -$1,500 -1.500 6 N -$820 Rent Exp. -820 500...
A tabular analysis of the transactions made during August 2022 by Carla Vista Co. during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Stockholders' Equity Assets Liabilities + Supp. + Equip. Accounts Payable + Common Stock +Retained Earnings +A/R Cash Expenses Dividends Revenues $22,100 $22,100 1. $3,450 $5,030 -1,580 2. $790 3. -790 Serv. Rev $9,800 $6,300 3,500 4. -1,700 -1,700 5. -$1,500 -1,500 6. Rent Exp. -$820 -820 7. -500...
Assets Liabilities+ Stockholders' Equity Cash A/R + Supp. + Equip.Accounts Payable + Common Stock + Retained Earnings Revenues- Expenses - Dividends (1)$18,400 $18,400 Com. Stock $5,060 $3,950 -780 $780 4,500 $5,400 $9,900 Serv. Rev (5)-2,500 (6)-1,300 -790 410 (9)-4,000 -2,500 -$1,300 Div -$790 Rent Exp -410 -4,000 Sal. Exp Util. Exp (10) 220 -220 Prepare an income statement for August. SHERIDAN COMPANY Income Statement For the Month Ended August 31, 2017 Revenues Service Revenue 9900 Expenses 790 Rent Expense Salaries...
A tabular analysis of the transactions made during August 2017 by Sheridan Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets Liabilities Stockholders' Equity Cash+ A/R Supp. + Equip. Accounts Payable + Common Stock + Retained Earnings Revenues Expenses Dividends (1) $18,400 $18,400 Com. Stock $5,060 $3,950 -780 $780 4,500 $5,400 S9,900 (4) (5) 2,500 (6)1,300 Serv. Rev. -2,500 -$1,300 Div. -790 -$790 Rent Exp 410 -410 (9) -4,000...
Exercise 3-05 A tabular analysis of the transactions made during August 2022 by Sunland Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets = Liabilities + A/R + Supp. + Equip. = Accounts Payable + Common Stock + Cash + Stockholders' Equity Retained Earnings Revenues - Expenses - Dividends 1. $16,000 $5,030 $3,050 $580 i " ; i $5,700 $9,200 Serv. Rev. $16,000 -1,980 -580 3,500 -2,100 -2,500 -830...
Assets + Liabilities Unearned Serv. Rev Acc. Depr.- Equip. + Supplies + Prepaid Insurance + Equip. Unadj. Bal. 4,410 2,160 22,500 -3,600 10,800 Adj. 1 Adj. 2 Adj. 3 Adj. 4 Adj. Bal. Liabilities + Stockholders' Equity + Unearned Serv. Rev O Rev. - Exp. 10,800 A partial tabular summary of transactions for Tamarisk, Inc. on March 31, 2017, includes the following accounts before adjustments. Assets = Liabilities + Stockholders' Equity Acc. Depr.- Unearned Supplies + Prepaid Insurance + Equip....
Atabular analysis of the transactions made during August 2022 by Sheridan Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained Assets Cash + AR - Supp,Equip Liabilities - Stockholders'Equity Accounts Common + Payable Stock Retained Earnings Revenues Expenses $21.300 $3,750 Div 1 2 3. $21.300 - 1.290 -820 $5.000 $8.20 4 3,700 $5.700 $9,400 5. -1.600 -1,600 -1.400 7 - 770 -5770 8 520 -520 9. -3.100 -3,100 10 340...
A tabular analysis of the transactions made during August 2022 by Wildhorse Co. during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets = Liabilities + Stockholders' Equity Cash + A/R + Supp. + Equip. = Accounts Payable + Common Stock + Retained Earnings Revenues - Expenses - Dividends 1. $21,400 $21,400 -1,730 $4,980 $3,250 -900 $900 4,900 $5,600 $10,500 Serv. Rev. i -1,800 -1,800 -3,000 -$3,000 -810 - $810 Rent...
A tabular analysis of the transactions made during August 2022 by Sandhill Co. during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets Liabilities Cash + A/R + Supp. + Equip. - Accounts Payable + Common Stock + Stockholders' Equity Retained Earnings Revenues - Expenses - Dividends $23,700 $5,080 $3,300 $730 $6,300 $10,300 Serv. Rev. 1. $23,700 2. -1,780 3. -730 4 4,000 5. -2,400 6 -2,600 7. -760 8. 460...
for number 4, where did you get 140 from?
Assets Liabilities + Stockholders' Equity Unearn. Prepd. + Acc. Depr.-+ Acc. Depr.- Accts Sal/Wages Serv. Rev. Mortg. Com. Retained Earnings Cash + Supplies+ Insur.+ Land Bids idgs.Equip EqupPay.Int. PayPay. Pay Stock Rev..Exp-Di 03,300+33,600+ 59,733+9,000-4,300 0 Bal. 2,2332,600+1,800 +14,733 +67,600 0 16,800 0- 4,433+ 0 Your answer is partially correct. Try again. Record adjustments on May 31 that reflect the following data. Include explanations for each adjustment to revenue or expense. (t...
Most questions answered within 3 hours.
-
Determine the temperature (in Celsius) at which 1.00 mole of an
ideal gas will have a...
asked 1 minute ago -
[1] Household statistics include individuals living alone or in
groups in:
A) apartments.
B) military barracks....
asked 4 minutes ago -
What is the % w/v when 80 mL of a 2.0% solution is mixed with 50...
asked 8 minutes ago -
How can I solve the following using a TI83
Claim: Most adults would erase all of...
asked 20 minutes ago -
Analysis of 3-ethyl-3-buten-2-ol gave C, 72.13%; H, 11.92%.
Calculate the percent deviation of these results from...
asked 17 minutes ago -
Which VALS segment is most likely to have a top of the line
brand new (2015)...
asked 21 minutes ago -
Write a program to score the paper-rock-scissor game. Each of
two users types in either P,R...
asked 41 minutes ago -
Calculate the equillibrium constent K for a redox reaction that
has E°cell = -.98 V at...
asked 53 minutes ago -
A concave spherical mirror has a radius of curvature of
magnitude 19.6 cm.
(a) Find the...
asked 55 minutes ago -
3. draw a diagram of the magnetic field:
a. around a long straight wire with a...
asked 54 minutes ago -
If you titrated 30.0 mL of 0.1 M HCl with 0.1 M NaOH, indicate
the approximate...
asked 1 hour ago -
NADH passes electrons into the electron transport chain. List
the carriers that would receive the electrons,...
asked 1 hour ago