Homework Answers
| Cash | Supplies | |||||||
| Beg. Bal. | 0 | Beg. Bal. | 0 | |||||
| a. | 4540 | 800 | c. | d. | 900 | |||
| b. | 5230 | 900 | d. | e. | 1300 | |||
| End. Bal. | 8070 | End. Bal. | 2200 | |||||
| Equipment | Accounts payable | |||||||
| Beg. Bal. | 0 | Beg. Bal. | 0 | |||||
| c. | 2200 | 1300 | e. | |||||
| End. Bal. | 2200 | End. Bal. | 1300 | |||||
| Notes Payable (short-term) | Common Stock | |||||||
| Beg. Bal. | 0 | Beg. Bal. | 0 | |||||
| 4540 | a. | 5230 | b. | |||||
| 1400 | c. | |||||||
| End. Bal. | 5940 | End. Bal. | 5230 | |||||
Add Answer to:
a. Borrowed $4,540 from a local bank on a note due in six months. b. Received...
a. Borrowed $3,940 from a local bank on a note due in six months. b. Received...
a. Borrowed $3,940 from a local bank on a note due in six months. b. Received $4,630 cash from investors and issued common stock to them. c. Purchased $1,000 in equipment, paying $200 cash and promising the rest on a note due in one year. d. Paid $300 cash for supplies. e. Bought and received $700 of supplies on account. Post the effects to the appropriate T-accounts and determine ending account balances. Show a beginning balance of zero. Cash Supplies...
a. Borrowed $3,940 from a local bank on a note due in six months. b. Received...
a. Borrowed $3,940 from a local bank on a note due in six months. b. Received $4,630 cash from investors and issued common stock to them. c. Purchased $1,000 in equipment, paying $200 cash and promising the rest on a note due in one year d. Paid $300 cash for supplies. e. Bought and received $700 of supplies on account. Post the effects to the appropriate T-accounts and determine ending account balances. Show a beginning balance of zero. Cash Supplies...
The following are the transactions of Spotlighter, Inc., for the month of January a. Borrowed $4,540...
The following are the transactions of Spotlighter, Inc., for the month of January a. Borrowed $4,540 from a local bank on a note due in six months. b. Received $5,230 cash from investors and issued common stock to them. c. Purchased $2,200 in equipment, paying $800 cash and promising the rest on a note due in one year. d. Paid $900 cash for supplies. e. Bought and received $1,300 of supplies on account. Post the effects to the appropriate T-accounts...
c. a. (Sample) Borrowed $3,940 from a local bank on a note due in six months....
c. a. (Sample) Borrowed $3,940 from a local bank on a note due in six months. b. Received $4.630 cash from investors and issued common stock to them. Purchased $1,000 in equipment, paying $200 cash and promising the rest on a note due in one year. d. Paid $300 cash for supplies. e. Bought and received $700 of supplies on account. Assets Cash Liabilities + Stockholders' Equity +3,940 Notes Payable (short-term) +3,940 a. Sample M2-10 Preparing Journal Entries For each...
baffled The following are the transactions of Spotlighter, Inc., for the month of January a Borrowed...
baffled
The following are the transactions of Spotlighter, Inc., for the month of January a Borrowed $3,940 from a local bank on a note due in six months. b. Received $4,630 cash from investors and issued common stock to them. c. Purchased $1.000 in equipment, paying $200 cash and promising the rest on a note due in one year. d. Paid $300 cash for supplies. e. Bought and received $700 of supplies on account. Post the effects to the appropriate...
The following are the transactions of Spotlighter, Inc. for the month of January a Borrowed $4,340...
The following are the transactions of Spotlighter, Inc. for the month of January a Borrowed $4,340 from a local bank on a note due in six months b. Received $5,030 cash from Investors and issued common stock to them. c. Purchased $1.800 In equipment, paying $600 cash and promising the rest on a note due in one year. d. Paid $700 cash for supplies. e. Bought and received $1,100 of supplies on account Post the effects to the appropriate T-accounts...
a. Borrowed $24,000 from a local bank. b. Lent $11,000 to an affiliate; accepted a note...
a. Borrowed $24,000 from a local bank. b. Lent $11,000 to an affiliate; accepted a note due in one year. c. Sold to investors 80 additional shares of stock with a par value of $0.10 per share and a market price of $20 per share; rece cash. d. Purchased $17,000 of equipment, paying $5,600 cash and signing a note for the rest due in one year. e. Declared $1,400 in cash dividends to stockholders, to be paid in February. For...
The following are the transactions of Spotlighter, Inc., for the month of January. a. Borrowed $4,390...
The following are the transactions of Spotlighter, Inc., for the month of January. a. Borrowed $4,390 from a local bank on a note due In six months. b. Recelved $5.080 cash from Investors and Isued common stock to them. c. Purchased $1.900 in equlipment, paylng $650 cash and promising the rest on a note due In one year. d. Paid $750 cash for supplies. e. Bought and recelved $1,150 of supplies on account. Post the effects to the appropriate T-accounts...
i am needing help filling in the rest of the information.... The following are the transactions...
i am needing help filling in the rest of the
information....
The following are the transactions of Spotlighter, Inc., for the month of January a. Borrowed $3,940 from a local bank on a note due in six months. b. Received $4,630 cash from investors and issued common stock to them. c. Purchased $1000 in equipment, paying $200 cash and promising the rest on a note due in one year. d. Paid $300 cash for supplies. e. Bought and received $700...
In January, Tongo, Inc., a branding consultant, had the following transactions. a. Received $15,000 cash for...
In January, Tongo, Inc., a branding consultant, had the
following transactions.
a.
Received $15,000 cash for consulting services rendered in
January.
b.
Issued common stock to investors for $12,000 cash.
c.
Purchased $16,000 of equipment, paying 25 percent in cash and
owing the rest on a note due in 2 years.
d.
Received $8,300 cash for consulting services to be performed
in February.
e.
Bought $1,230 of supplies on account.
f.
Received utility bill for January for $1,500, due February...
a. Borrowed $3,940 from a local bank on a note due in six months. b. Received $4,630 cash from investors and issued common stock to them. c. Purchased $1,000 in equipment, paying $200 cash and promising the rest on a note due in one year. d. Paid $300 cash for supplies. e. Bought and received $700 of supplies on account. Post the effects to the appropriate T-accounts and determine ending account balances. Show a beginning balance of zero. Cash Supplies...
a. Borrowed $3,940 from a local bank on a note due in six months. b. Received $4,630 cash from investors and issued common stock to them. c. Purchased $1,000 in equipment, paying $200 cash and promising the rest on a note due in one year d. Paid $300 cash for supplies. e. Bought and received $700 of supplies on account. Post the effects to the appropriate T-accounts and determine ending account balances. Show a beginning balance of zero. Cash Supplies...
The following are the transactions of Spotlighter, Inc., for the month of January a. Borrowed $4,540 from a local bank on a note due in six months. b. Received $5,230 cash from investors and issued common stock to them. c. Purchased $2,200 in equipment, paying $800 cash and promising the rest on a note due in one year. d. Paid $900 cash for supplies. e. Bought and received $1,300 of supplies on account. Post the effects to the appropriate T-accounts...
c. a. (Sample) Borrowed $3,940 from a local bank on a note due in six months. b. Received $4.630 cash from investors and issued common stock to them. Purchased $1,000 in equipment, paying $200 cash and promising the rest on a note due in one year. d. Paid $300 cash for supplies. e. Bought and received $700 of supplies on account. Assets Cash Liabilities + Stockholders' Equity +3,940 Notes Payable (short-term) +3,940 a. Sample M2-10 Preparing Journal Entries For each...
baffled
The following are the transactions of Spotlighter, Inc., for the month of January a Borrowed $3,940 from a local bank on a note due in six months. b. Received $4,630 cash from investors and issued common stock to them. c. Purchased $1.000 in equipment, paying $200 cash and promising the rest on a note due in one year. d. Paid $300 cash for supplies. e. Bought and received $700 of supplies on account. Post the effects to the appropriate...
The following are the transactions of Spotlighter, Inc. for the month of January a Borrowed $4,340 from a local bank on a note due in six months b. Received $5,030 cash from Investors and issued common stock to them. c. Purchased $1.800 In equipment, paying $600 cash and promising the rest on a note due in one year. d. Paid $700 cash for supplies. e. Bought and received $1,100 of supplies on account Post the effects to the appropriate T-accounts...
a. Borrowed $24,000 from a local bank. b. Lent $11,000 to an affiliate; accepted a note due in one year. c. Sold to investors 80 additional shares of stock with a par value of $0.10 per share and a market price of $20 per share; rece cash. d. Purchased $17,000 of equipment, paying $5,600 cash and signing a note for the rest due in one year. e. Declared $1,400 in cash dividends to stockholders, to be paid in February. For...
The following are the transactions of Spotlighter, Inc., for the month of January. a. Borrowed $4,390 from a local bank on a note due In six months. b. Recelved $5.080 cash from Investors and Isued common stock to them. c. Purchased $1.900 in equlipment, paylng $650 cash and promising the rest on a note due In one year. d. Paid $750 cash for supplies. e. Bought and recelved $1,150 of supplies on account. Post the effects to the appropriate T-accounts...
i am needing help filling in the rest of the
information....
The following are the transactions of Spotlighter, Inc., for the month of January a. Borrowed $3,940 from a local bank on a note due in six months. b. Received $4,630 cash from investors and issued common stock to them. c. Purchased $1000 in equipment, paying $200 cash and promising the rest on a note due in one year. d. Paid $300 cash for supplies. e. Bought and received $700...
In January, Tongo, Inc., a branding consultant, had the
following transactions.
a.
Received $15,000 cash for consulting services rendered in
January.
b.
Issued common stock to investors for $12,000 cash.
c.
Purchased $16,000 of equipment, paying 25 percent in cash and
owing the rest on a note due in 2 years.
d.
Received $8,300 cash for consulting services to be performed
in February.
e.
Bought $1,230 of supplies on account.
f.
Received utility bill for January for $1,500, due February...
Most questions answered within 3 hours.
-
Which of the following best describes tidal volume? options:
1.The amount of oxygen in the air...
asked 2 minutes ago -
1. Smaller cost distortions occur when the traditional systems'
single indirect-cost rate and the activity-cost-driver rates:...
asked 10 minutes ago -
Using either a FMECA approach or some other appropriate RCA
tool, identify five risk treatment actions...
asked 10 minutes ago -
If for a test the P-value is between 0.0025 and 0.005, what
conclusion can you draw?...
asked 23 minutes ago -
Using Python. Write a function clean2(aList) that takes a list
of integers aList as argument, and...
asked 28 minutes ago -
Intrapreneurship is defined as the
development of an enterprise culture with an existing (Nandan,
2009). An...
asked 42 minutes ago -
QUESTION 1 Tamiflu is a drug used to treat influenza. A study
found that Tamiflu reduced...
asked 46 minutes ago -
Which of the following would be less likely to be used to
allocate factory overhead when...
asked 52 minutes ago -
Transverse pulses travel with a speed of 195 m/s along a taut
copper wire whose diameter...
asked 51 minutes ago -
Sampling for Engineers Homework question 11.51
Suppose that Y1;Y2;Y3;Y4 denote a random sample from a
Poisson(θ)...
asked 54 minutes ago -
Which of the following is cleaved by regulated intramembrane
proteolysis (RIP)? Select any/all answers that apply....
asked 53 minutes ago -
Random characters You decide to create a program characters.py
that fills a two-dimensional list with random...
asked 1 hour ago