please show the work for each and number each! thank you also
dont forget to check the X.
On December 1 of the current year, Rob Elliot invested $35.000 of his cash to form a prietorshi, GGE Enterprises. After all transactions have been entered into the accounting equation, the following are the ending balances for selected items on December 31. On that date, the financial statements were prepared. The statement of owner's equity for GGE Enterprises reported Rab Elior's owner's equity as of December 31 at $38,000. The balance sheet reported total abilities and owner's equity of 566,650 Cash Accounts Receivable $8,000 Accounts Payable Land $16,500 Rob Elliot. Capital Rob Elliot. Drawing $5,750.00 Fees Earned $26,750.00 Supplies Expense $5,400 00 Utilities Expense ?
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please show the work for each and number each! thank you alsodont forget to check...
On November 1 of the current year, Rob Elliot invested $29,250.00 of his cash to form...
On November 1 of the current year, Rob Elliot invested $29,250.00 of his cash to form a corporation, GGE Enterprises Inc., in exchange for shares of common stock. No other common stock was issued during November or December. After a very successful first month of operations, the retained earnings as of November 30 were reported at $5,000.00. After all transactions have been entered into the accounting equation for the month of December, the ending balances for selected items on December...
GGE Enterprises Inc,
Note: I do not know if I did the amount correctly. Can someone please double check? Thank you very much.On November 1 of the current year, Rob Elliot invested $ 30,250 of his cash to form a corporation, GGE Enterprises Inc., in exchange for shares of common stock. No other common stock was issued during November or December. After a very successful first month of operations, the retained earnings as of November 30 were reported at $ 5,000. After all...
Account Title Cash Accounts Receivable Supplies Equipment Austin Enterprises End-of-Period Spreadsheet For the Year Ended December...
Account Title Cash Accounts Receivable Supplies Equipment Austin Enterprises End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Dr. cr. Dr. r. 26,500 7,000 1,000 18,500 5,000 11,000 1,000 8,000 2,000 59,500 59,500 19,000 19,000 7,000 7,000 3,500 3,500 84,500 84,500 29,500 59,500 30,000 59,500 59,500 Balance Sheet Dr. Cr. 26,500 7,000 1,000 18,500 5,000 11,000 1,000 8,000 2,000 Accumulated Depr.-Equip. Accounts Payable Wages Payable Daniel Austin, Capital Daniel Austin, Drawing Fees Earned Wages Expense Rent...
nse Common Stock Cash Dividends Service Revenue Land Miscellaneous Expense...
nse Common Stock Cash Dividends Service Revenue Land Miscellaneous Expense Supplies Supplies Expense Wages Expense Points: Feedback Check My Work Explanation none X Financial Statements A business will construct its financial statements in a particular order because they are interrelated. This means that items formulated in an earlier statement feed into the subsequent statements, and changes to items on one financial statement can have compounding effects on the overall financial position of a company. Which of the following is one...
Just need help with the net income portion. Please and thank you! Problem 1-4A Preparing a...
Just need help with the net income portion. Please and thank
you!
Problem 1-4A Preparing a statement of owner's equity LO P2 As of December 31, 2017, Armani Company's financial records show the following items and amounts. $11,000 10,000 7,000 6,000 Cash Accounts receivable Supplies Equipment Accounts payable A. Armani, Capital, Dec. 31, 2016 A. Armani, Capital, Dec. 31, 2017 A. Armani, Withdrawals Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses 25,000 5,000 9,000 14,000 35,000...
The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes...
The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals. The entries for the first transaction are labeled with the letter (a), the entries for the second transaction with the letter (b), and so on. Equipment (c) 64,000 Cash (a) 174,000 (b) 30,000 (d) 14,000 (e) 540 (g) 1,400 (h) 9,400 (i) 3,400 Accounts Receivable (f) 11,200 (g) 1,488 Accounts Payable (c) 64,000 Supplies (b) 30,000 Scott Hamilton, Capital (a)...
The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes...
The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals. Equipment 67,000 Accounts Receivable (f) 10,600 (g) (c) 1,700 (a) (d) (g) Cash 177,000 (b) 17,000 1,700 (h) (i) Accounts Payable (c) 33,000 570 9,700 3,700 67,000 Supplies 33,000 Wade Wilson, Capital (a) (b) 177,000 Fees Income Telephone Expense 570 Wade Wilson, Drawing (i) 3,700 (d) (f) 17,000 10,600 (e) Salaries Expense 9,700 (h) Required: Prepare a statement of owner's...
The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes...
The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals Cash Equipment Accounts Receivable (a) 171,000 (d) 11,000 (g) 1,100 (b) 27, 000 (c) 61,000 (f) 11, 800 (9) 1, 100 (h) 9,100 (i) 3,100 Accounts Payable Supplies Wade Wilson, Capital (c) 61,000 27, 000 (a) 171,000 Telephone Expense Wade Wilson, Drawing ()3,100 Fees Income (d) 11,000 (f) 11,800 Salaries Expense (h)9.100 Required: Prepare a statement of owner's equity and...
The adjusted trial balance for Chiara Company as of December 31 follows. Debit Credit Cash $...
The adjusted trial balance for Chiara Company as of December 31 follows. Debit Credit Cash $ 164,100 Accounts receivable 55,500 Interest receivable 20,200 Notes receivable (due in 90 days) 170,000 Office supplies 16,500 Automobiles 168,000 Accumulated depreciation—Automobiles $ 95,000 Equipment 138,000 Accumulated depreciation—Equipment 24,000 Land 83,000 Accounts payable 100,000 Interest payable 20,000 Salaries payable 22,000 Unearned fees 38,000 Long-term notes payable 150,000 R. Chiara, Capital 285,800 R. Chiara, Withdrawals 55,000 Fees earned 554,000 Interest earned 22,000 Depreciation expense—Automobiles 28,000 Depreciation...
The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes...
The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals. Cash (a) 182,000 (b) 38,000 (d) 22,000 (e) 620 (g) 2,200 (h) 10,200 (i) 4,200 Equipment (c) 72,000 Accounts Receivable (f) 8,400 (g) 2,200 Accounts Payable (c) 72,000 Supplies (b) 38,000 Wade Wilson, Capital (a) 182,000 Fees Income (d) 22,000 (f) 8,400 Telephone Expense (e) 620 Wade Wilson, Drawing (i) 4,200 Salaries Expense (h) 10,200 Required: Prepare a statement of...
On November 1 of the current year, Rob Elliot invested $29,250.00 of his cash to form a corporation, GGE Enterprises Inc., in exchange for shares of common stock. No other common stock was issued during November or December. After a very successful first month of operations, the retained earnings as of November 30 were reported at $5,000.00. After all transactions have been entered into the accounting equation for the month of December, the ending balances for selected items on December...
Account Title Cash Accounts Receivable Supplies Equipment Austin Enterprises End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Dr. cr. Dr. r. 26,500 7,000 1,000 18,500 5,000 11,000 1,000 8,000 2,000 59,500 59,500 19,000 19,000 7,000 7,000 3,500 3,500 84,500 84,500 29,500 59,500 30,000 59,500 59,500 Balance Sheet Dr. Cr. 26,500 7,000 1,000 18,500 5,000 11,000 1,000 8,000 2,000 Accumulated Depr.-Equip. Accounts Payable Wages Payable Daniel Austin, Capital Daniel Austin, Drawing Fees Earned Wages Expense Rent...
Just need help with the net income portion. Please and thank
you!
Problem 1-4A Preparing a statement of owner's equity LO P2 As of December 31, 2017, Armani Company's financial records show the following items and amounts. $11,000 10,000 7,000 6,000 Cash Accounts receivable Supplies Equipment Accounts payable A. Armani, Capital, Dec. 31, 2016 A. Armani, Capital, Dec. 31, 2017 A. Armani, Withdrawals Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses 25,000 5,000 9,000 14,000 35,000...
The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals. The entries for the first transaction are labeled with the letter (a), the entries for the second transaction with the letter (b), and so on. Equipment (c) 64,000 Cash (a) 174,000 (b) 30,000 (d) 14,000 (e) 540 (g) 1,400 (h) 9,400 (i) 3,400 Accounts Receivable (f) 11,200 (g) 1,488 Accounts Payable (c) 64,000 Supplies (b) 30,000 Scott Hamilton, Capital (a)...
The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals. Equipment 67,000 Accounts Receivable (f) 10,600 (g) (c) 1,700 (a) (d) (g) Cash 177,000 (b) 17,000 1,700 (h) (i) Accounts Payable (c) 33,000 570 9,700 3,700 67,000 Supplies 33,000 Wade Wilson, Capital (a) (b) 177,000 Fees Income Telephone Expense 570 Wade Wilson, Drawing (i) 3,700 (d) (f) 17,000 10,600 (e) Salaries Expense 9,700 (h) Required: Prepare a statement of owner's...
The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals Cash Equipment Accounts Receivable (a) 171,000 (d) 11,000 (g) 1,100 (b) 27, 000 (c) 61,000 (f) 11, 800 (9) 1, 100 (h) 9,100 (i) 3,100 Accounts Payable Supplies Wade Wilson, Capital (c) 61,000 27, 000 (a) 171,000 Telephone Expense Wade Wilson, Drawing ()3,100 Fees Income (d) 11,000 (f) 11,800 Salaries Expense (h)9.100 Required: Prepare a statement of owner's equity and...
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