Build an Excel spreadsheet using the accounting equation for all the below requirement?
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Build an Excel spreadsheet using the accounting equation for all the below requirement? 5 D obi...
The following amounts summarize the financial position of Little Red Dog Inc. on May 31, 2020: Cash – Balance 3840 Accounts 1920 Assets Liabilities - Computers + Supplies + Land - Accounts + Note 600 15600 10320 0 + - Salaries + Interest . 0 Shareholders' Equity Common – Retained 5520 6120 During June 2020, the business completed these transactions June 1: Received cash of $9600 and issued common shares June 1. Bought two computers for a total of $9600...
The following amounts summarize the financial position of Little Yellow Dog Inc. on May 31, 2020: Cash + Accounts Balance 3840 1920 Assets = Liabilities + Computers + Supplies + Land = Accounts + Note 600 15600 10320 0 + + Salaries + Interest + 0 0 Shareholders' Equity Common + Retained 5520 6120 During June 2020, the business completed these transactions: June 1: Received cash of $9000 and issued common shares. June 1: Bought two computers for a total...
pls can you solve this exercise 29, and 30 active 4 E1-29 Using the accounting equation to analyze business transactions Ashley Stamper opened a medical practice. During July, the first month of operation, the business, titled Ashley Stamper, MD, experienced the followin cvents: Jul 6 9 12 15 20 Stamper contributed $68,000 in the business by opening a bank account in the name of A. Stamper, MD. The business gave capital to Stamper. Paid $56,000 cash for land. Purchased medical...
Using the information and Excel, provided for Jacks Maintenance Services to: 1. Record the journal entries for June transactions. Include narrations. 2. Record adjusting entries for the end of June. Include narrations. 3. Construct the "T" formatted ledger accounts. 4. Prepare the profit and loss statement for the year ended 30 June 2020. 5. Prepare the classified narrative formatted balance sheet as at 30 June 2020. You must use excel formula to construct the leger accounts, profit and loss statement,...
Make one substantive response on this accounting transactions and their respective interpretations. A proprietor by the name of Chad Wilson, started a rental property business and during the month of June, he completed the following the transactions: a. The owner opened a business and deposited $30,000 from his personal funds. The keywords: Business and deposited. Since the accounts have been given to you in the accounting equation, which is Assets = Liabilities + Owner's Equity, you are to ensure...
Prepare journal entries to record the December transactions in the General Journal Tab in the excel template file "Accounting Cycle Excel Template.xlsx". Use the following accounts as appropriate: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation, Accounts Payable, Wages Payable, Common Stock, Retained Earnings, Dividends, Service Revenue, Depreciation Expense, Wages Expense, Supplies Expense, Rent Expense, and Insurance Expense.1-DecBegan business by depositing $8500 in a bank account in the name of the company in exchange for 850 shares of $10 per...
Simon is a licensed dentist. During the first month of the operation of his business, the following events and transactions occurred.May 1: Invested $40,000 cash.May 1: Hired a secretary-receptionist at a salary of $600 per week payable monthly.May 2: Paid office rent for the month $1,000.May 3: Purchased dental supplies on account from Smile Company $4,000.May 10: Provided dental services and billed insurance companies $5,100.May 11: Received $1,000 cash advance from Trudy Borke for an implant.May 20: Received $2,100 cash...
Requirement 1. Record each transaction in the journal, using the following account titles: Cash; Accounts Receivable; Office Supplies; Prepaid Insurance; Land; Building; Furniture; Accounts Payable; Utilities Payable; Notes Payable; Common Stock; Dividends; Service Revenue; Salaries Expense; Rent Expense; and Utilities Expense. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Requirement 2. The following four-column accounts have been opened: Cash, 101; Accounts Receivable, 111; Office Supplies, 121; Prepaid Insurance, 131; Land, 141; Building, 151; Furniture,...
I need a filled out table for all 8 steps of the problem. Thank you! Х i More Info June 1 Sold $75,000 of common stock to Katie Welch to start the business. 3 Purchased supplies on account, $100. 5 Paid cash for a building to use for storage, $39,000. 6 Performed service for customers and received cash, $2,000. 11 Paid on accounts payable, $50. 18 Performed service for customers on account, $3,200. 24 Received cash from a customer on...
Problem 3-05A Bramble Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the business, these events and transactions occurred: Apr. 1 1 2 3 10 11 20 30 30 Stockholders invested $23,040 cash in exchange for common stock of the corporation. Hired a secretary-receptionist at a salary of $480 per week, payable monthly. Paid office rent for the month $1,152. Purchased architectural supplies on account from Burmingham Company $1,664. Completed blueprints on...