Homework Answers
Answer:
| a.Received $520 cash for service revenue earned | |
| Increase asset (Cash) | Increase equity (Service revenue) |
| b. Paid $325 cash for salaries expense | |
| Decrease asset (Cash) | Decrease equity (salaries expense) |
| c. Received a $1,000 contribution in exchange for common stock | |
| Increase asset (cash) | Increase equity (Common stock) |
| d.Earned $640 for service revenue, but the customer has not paid Tiny Town Kennel yet | |
| Increase asset (Accounts receivable) | Increase equity (Service revenue) |
| e. Received utility bill of $85, which will be paid next month | |
| Increase liability (Accounts payable) | Decrease equity (Utilities expense) |
| f. Cash dividends of $100 were paid to stockholders. | |
| Decrease asset (Cash) | Decrease equity (Dividends) |
Add Answer to:
2x S1-9 (book/static) Question Help Tiny Town Kennel earns service revenue by caring for the pets...
Tiny Town Kennel earns service revenue by caring for the pets of customers. Tiny Town Kennel...
Tiny Town Kennel earns service revenue by caring for the pets of customers. Tiny Town Kennel is organized as a corporation. During the past month, Tiny Town Kennel has the following transactions: a. Received $520 cash for service revenue earned. b. Paid $325 cash for salaries expense. c. Received a $1,000 contribution in exchange for common stock. d. Earned $640 for service revenue, but the customer has not paid Tiny Town Kennel yet. e. Received utility bill of $85, which...
Tiny Town Kennel earns service revenue by caring for the pets of customers. Tiny Town K...
Tiny Town Kennel earns service revenue by caring for the pets of customers. Tiny Town K (Click the icon to view the transactions.) Indicate the effects of the business transactions on the accounting equation for Tiny Town a. Received $520 cash for service revenue earned. (Cash) a. Increase asset Increase equity Service Re b. Paid 5325 cash for salaries expense. b. Decrease asset Decrease equity Decrease liability Increase asset Increase equity Increase lief mity Choose from any drop-down list and...
pls solve this wxercise S1-9 Using the accounting equation to analyze transactions Tiny Town Kennel earns...
pls solve this wxercise
S1-9 Using the accounting equation to analyze transactions Tiny Town Kennel earns service revenue by caring for the pets of customers. Tiny Town Kennel is organized as a sole proprietorship and owned by Earle Martin. During the past month, Tiny Town Kennel has the following transactions: a. Received $520 cash for service revenue earned. b. Paid $325 cash for salaries expense. c. Martin contributed $1,000 to the business in exchange for capital. d. Earned $640 for...
SF1-10 (book/static) Question Help Elaine's Inflatables earns service revenue by providing party planning services and inflatable...
SF1-10 (book/static) Question Help Elaine's Inflatables earns service revenue by providing party planning services and inflatable playscapes. Elaine's Inflatables is organized as a corporation. During the past month, Elaine's Inflatables has the following transactions (Click the icon to view the Elaine's Inflatables transactions.) Indicate the effects of the business transactions on the accounting equation for Elaine's Inflatables. Transaction (a) is answered as a guide. Use the following accounts: Cash, Accounts Receivable, Supplies, Equipment, Accounts Payable, Common Stock Dividends, Service Revenue,...
EF1-26 (book/static) Question Help Indicate the effects of the following business transactions on the accounting equation...
EF1-26 (book/static) Question Help Indicate the effects of the following business transactions on the accounting equation of Vivian's Online Video store. Use the following accounts: Cash Accounts Receivable Supplies, Office Furniture, Accounts Payable, Common Stock Dividends, Rental Revenue, and Rent Expense. Transaction (a) is answered as a guide. (Click the icon to view the transactions.) a. Received cash of $10,000 from issuance of common stock. (Transaction (a) is answered as a guide) a. Increase of (Cash) Increase equity (Common Stock)...
9. Healthe Sales Consultants completed the following transactions during the latter part of January (Click the...
9. Healthe Sales Consultants completed the following transactions during the latter part of January (Click the icon to view the transactions.) Print Print Journalize the transactions of Healthe Sales Consultants. Include an explanation with each journal entry. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Jan. 22: Performed services for customers on account, $7,000. Date Accounts and Explanation Debit Credit Jan. 22 (1) 123 Jan. 30: Received cash on account from...
could use some help with accouting problem. 4 S1-10 Using the accounting equation to analyze transactions...
could use some help with accouting problem.
4 S1-10 Using the accounting equation to analyze transactions Elaine's Inflatables earns service revenue by providing party planning services and inflatable playscapes. Elaine's Inflatables is organized as a corporation. During the past month, Elaine's Inflatables had the following transactions: a. Received contributions of $10,000 in exchange for common stock. b. Purchased equipment for $5,000 on account. c. Paid $400 for office supplies. d. Earned and received $2,500 cash for service revenue. e. Paid...
Score: 0 of 1 pt 11 of 11 (5 complete) HW Score: 45 EF1-26 (book/static) QL...
Score: 0 of 1 pt 11 of 11 (5 complete) HW Score: 45 EF1-26 (book/static) QL Indicate the effects of the following business transactions on the accounting equation of Vivian's Online Video store. Use the following accounts: Ca Receivable, Supplies, Office Furniture, Accounts Payable, Common Stock Dividends, Rental Revenue, and Rent Expense. Transaction (a) is answe (Click the icon to view the transactions.) a. Received cash of $10,000 from issuance of common stock. (Transaction (a) is answered as a guide.)...
5. The analysis of the first eight transactions of Advanced Accounting Service follows. Describe each transaction....
5. The analysis of the first eight transactions of Advanced Accounting Service follows. Describe each transaction. 4(Click the icon to view the transactions.) 1. (1) 2. (2) 3. (3) 4. (4) 5. (5) 6. (6) 7. (7) 8. (8) 4: Data Table LIABILITIES EQUITY ASSETS Contributed Retained Earnings Capital Cash + Equipment = Service Accounts Accounts Common Dividends Salaries Receivable Revenue Stock Expense payable +31,000 +31,000 +3,800 +3,800 2 $31,000 + $3,800 $31,000 $3,800 Bal. +13,400 +13,400 $3,800 $31,000 +...
Cora Delivery Service during July Chapter 1 Introduction to Accounting and Business EX 1-12 Transactions The...
Cora Delivery Service during July Chapter 1 Introduction to Accounting and Business EX 1-12 Transactions The following selected transactions were completed by Cota Delivery Service 1. Received cash in exchange for common stock $35,000 2. Purchased supplies for cash, $1,100 3. Paid rent for October 54.500 4. Paid advertising expense, 5900. 5. Received cash for providing delivery services $33,000 6 Biled customers for delivery services on account $58.000 7. Paid creditors on account $2.900 & Received cash from customers on...
Tiny Town Kennel earns service revenue by caring for the pets of customers. Tiny Town Kennel is organized as a corporation. During the past month, Tiny Town Kennel has the following transactions: a. Received $520 cash for service revenue earned. b. Paid $325 cash for salaries expense. c. Received a $1,000 contribution in exchange for common stock. d. Earned $640 for service revenue, but the customer has not paid Tiny Town Kennel yet. e. Received utility bill of $85, which...
Tiny Town Kennel earns service revenue by caring for the pets of customers. Tiny Town K (Click the icon to view the transactions.) Indicate the effects of the business transactions on the accounting equation for Tiny Town a. Received $520 cash for service revenue earned. (Cash) a. Increase asset Increase equity Service Re b. Paid 5325 cash for salaries expense. b. Decrease asset Decrease equity Decrease liability Increase asset Increase equity Increase lief mity Choose from any drop-down list and...
pls solve this wxercise
S1-9 Using the accounting equation to analyze transactions Tiny Town Kennel earns service revenue by caring for the pets of customers. Tiny Town Kennel is organized as a sole proprietorship and owned by Earle Martin. During the past month, Tiny Town Kennel has the following transactions: a. Received $520 cash for service revenue earned. b. Paid $325 cash for salaries expense. c. Martin contributed $1,000 to the business in exchange for capital. d. Earned $640 for...
SF1-10 (book/static) Question Help Elaine's Inflatables earns service revenue by providing party planning services and inflatable playscapes. Elaine's Inflatables is organized as a corporation. During the past month, Elaine's Inflatables has the following transactions (Click the icon to view the Elaine's Inflatables transactions.) Indicate the effects of the business transactions on the accounting equation for Elaine's Inflatables. Transaction (a) is answered as a guide. Use the following accounts: Cash, Accounts Receivable, Supplies, Equipment, Accounts Payable, Common Stock Dividends, Service Revenue,...
EF1-26 (book/static) Question Help Indicate the effects of the following business transactions on the accounting equation of Vivian's Online Video store. Use the following accounts: Cash Accounts Receivable Supplies, Office Furniture, Accounts Payable, Common Stock Dividends, Rental Revenue, and Rent Expense. Transaction (a) is answered as a guide. (Click the icon to view the transactions.) a. Received cash of $10,000 from issuance of common stock. (Transaction (a) is answered as a guide) a. Increase of (Cash) Increase equity (Common Stock)...
9. Healthe Sales Consultants completed the following transactions during the latter part of January (Click the icon to view the transactions.) Print Print Journalize the transactions of Healthe Sales Consultants. Include an explanation with each journal entry. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Jan. 22: Performed services for customers on account, $7,000. Date Accounts and Explanation Debit Credit Jan. 22 (1) 123 Jan. 30: Received cash on account from...
could use some help with accouting problem.
4 S1-10 Using the accounting equation to analyze transactions Elaine's Inflatables earns service revenue by providing party planning services and inflatable playscapes. Elaine's Inflatables is organized as a corporation. During the past month, Elaine's Inflatables had the following transactions: a. Received contributions of $10,000 in exchange for common stock. b. Purchased equipment for $5,000 on account. c. Paid $400 for office supplies. d. Earned and received $2,500 cash for service revenue. e. Paid...
Score: 0 of 1 pt 11 of 11 (5 complete) HW Score: 45 EF1-26 (book/static) QL Indicate the effects of the following business transactions on the accounting equation of Vivian's Online Video store. Use the following accounts: Ca Receivable, Supplies, Office Furniture, Accounts Payable, Common Stock Dividends, Rental Revenue, and Rent Expense. Transaction (a) is answe (Click the icon to view the transactions.) a. Received cash of $10,000 from issuance of common stock. (Transaction (a) is answered as a guide.)...
5. The analysis of the first eight transactions of Advanced Accounting Service follows. Describe each transaction. 4(Click the icon to view the transactions.) 1. (1) 2. (2) 3. (3) 4. (4) 5. (5) 6. (6) 7. (7) 8. (8) 4: Data Table LIABILITIES EQUITY ASSETS Contributed Retained Earnings Capital Cash + Equipment = Service Accounts Accounts Common Dividends Salaries Receivable Revenue Stock Expense payable +31,000 +31,000 +3,800 +3,800 2 $31,000 + $3,800 $31,000 $3,800 Bal. +13,400 +13,400 $3,800 $31,000 +...
Cora Delivery Service during July Chapter 1 Introduction to Accounting and Business EX 1-12 Transactions The following selected transactions were completed by Cota Delivery Service 1. Received cash in exchange for common stock $35,000 2. Purchased supplies for cash, $1,100 3. Paid rent for October 54.500 4. Paid advertising expense, 5900. 5. Received cash for providing delivery services $33,000 6 Biled customers for delivery services on account $58.000 7. Paid creditors on account $2.900 & Received cash from customers on...
Most questions answered within 3 hours.
-
Please Help ASAP.
1Consider the below code which iterates over a linked
list of n nodes...
asked 8 minutes ago -
Determine the air to fuel ratio of:
Canadian natural gas, with 93.9% methane, 4.2% ethane, 0.3%...
asked 9 minutes ago -
A manufacturer of power tools claims that the average amount of
time required to assemble their...
asked 11 minutes ago -
"electron-withdrawing substituents on carbon encourage back
donation", then on the next page he says that "greater...
asked 22 minutes ago -
On December 31, 2016, the shareholders’ equity section of the
balance sheet of R & L...
asked 31 minutes ago -
16.7
At t=0s a small "upward" (positive y) pulse centered at x = 5.0
m is...
asked 44 minutes ago -
Twitter Users and News: A poll conducted in 2013 found that 52%
of U.S. adult Twitter...
asked 59 minutes ago -
How
would I know whether a given amino acid has an ionizable group or
not? please...
asked 1 hour ago -
True or false?
True False The function of the enzyme acyl CoA
synthetase is the ATP-dependent coupling...
asked 1 hour ago -
Nadia Corporation adjusts its debt so that its interest coverage
(EBIT/Interest) remains constant at 3. Nadia’s...
asked 1 hour ago -
In a clinical trial, 20 out of 600 patients taking a
prescription drug complained of flulike...
asked 1 hour ago -
7. How many types of nuclear processes can produce energy? 8.
How many types of radioactive...
asked 1 hour ago