Hi! This is a four part question with the nescecary information at the top, I know its a lot but I could really use someones help. Please.
Hi! This is a four part question with the nescecary information at the top, I know...
Laser Delivery Services, Inc. (LDS) was incorporated January 1. The following transactions occurred during the year: a. Received $28,000 cash from the company's founders in exchange for common stock. b. Purchased land for $9,500, signing a two-year note (ignore interest). c. Bought two used delivery trucks at the start of the year at a cost of $10,000 each; paid $2,500 cash and signed a note due in three years for $17,500 (ignore interest). d. Paid $900 cash to a truck...
Questions 11 16 (of 16) Save Exit Submit [The following information applies to the questions displayed below.] Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30 Accounts Payable Buildings 29,800 121,000 53,250 Cash Common Stock 240,000 Equipment 134,500 Land 285,000 Notes Payable (long-term) Retained Earnings Supplies 3,100 332,850 12,000 During the month of July, the company had the following activities: a. Issued 6,300 shares of common stock for $630,000 cash...
Photos Screerwhot (1png See all photos + Ad to O Search thare The following events occurred for Favata Company a. Received $20.000 cash from owners and issued stock to them. b. Borrowed $17,000 cash from a bank and signed a note due later this year. c. Bought and received $1,800 of equipment on account. d. Purchased land for $32,000: paid $3,000 in cash and signed a long-term note for $29,000. e. Purchased $13,000 of equipment; paid $3,000 in cash and...
Required information E2-16 (Algo) Analyzing the Effects of Transactions Using T-Accounts, Preparing a Balance Sheet, and Evaluating the Current Ratio over Time as a Bank Loan Officer LO2-4, 2-5 (The following information applies to the questions displayed below.) Bailey Delivery Company, Inc., was organized in 2018 in Wisconsin. The following transactions occurred during the year: a. Received cash from investors in exchange for 16,000 shares of stock (par value of $1.00 per share) with a market value of $11 per...
Laser Delivery Services, Inc. (LDS), was incorporated January 1. The following transactions occurred during the year: a. Received $34,000 cash from the company's founders in exchange for common stock. b. Purchased land for $12,500, signing a two-year note (ignore interest). c. Bought two used delivery trucks at the start of the year at a cost of $10,000 each; paid $2,000 cash and signed a note due in three years for $18,000 (ignore interest). d. Paid $1,500 cash to a truchyrepair...
Hints References eBook & Resources Required Information Hint 1 [The following information applies to the questions displayed below] Check my work Laser Delivery Services, Inc. (LDS) was incorporated January 1. The following transactions occurred during the year .00 points a Received $37,000 cash from the company's founders in exchange for common stock b. Purchased land for $14,000, signing a two year note ignore interest) c. Bought two used delivery trucks at the start of the year at a cost of...
Required information (The following information applies to the questions displayed below) Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30: Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies $ 27,400 146,000 52,75e 190,000 140,000 220,000 5,950 342,700 7,300 During the month of July, the company had the following activities: a. Issued 6,000 shares of common stock for $600,000 cash. b. Borrowed $151,000 cash from...
I need PART E and PART F. PLEASE AND THANK YOU ! Required information Problem 3-32A Comprehensive problem: single cycle LO 3-1, 3-2, 3-3, 3-4 (The following information applies to the questions displayed below.) The following transactions pertain to Smith Training Company for Year 1: Jan. 30 Established the business when it acquired $48,000 cash from the issue of common stock. Feb. 1 Paid rent for office space for two years, $15,400 cash. Apr. 10 Purchased $770 of supplies on...
Deliberate Speed Corporation (DSC) was incorporated as a private company on June 1, 2017. The company's accounts included the following at June 30, 2017: Accounts Payable Factory Building Cash Contributed Capital Equipment $21,800 103,300 29, 300 191,00 129, eee Land Notes Payable, due 2019 Retained Earnings Supplies $ 211,000 4,200 264,500 8,100 During the month of July, the company had the following activities: a. Issued 3,780 shares for $378,000 cash. b. Borrowed $112.000 cash from a local bank, payable June...
Deliberate Speed Corporation (DSC) was incorporated as a private company on June 1, 2017. The company's accounts included the following at June 30, 2017: Accounts Payable Factory Building Cash Contributed Capital Equipment $21,800 103,300 29, 300 191,00 129, eee Land Notes Payable, due 2019 Retained Earnings Supplies $ 211,000 4,200 264,500 8,100 During the month of July, the company had the following activities: a. Issued 3,780 shares for $378,000 cash. b. Borrowed $112.000 cash from a local bank, payable June...