Assets | = | Liabilities | + | Stockholders equity |
Cash | + | account Recievable | + | supplies | + | equipment | = | account payable | + | common stock | + | Retained earnings | ||
Bal | 2,300 | 3,400 | 12,400 | 8200 | 5,500 | 4,400 | ||||||||
a) | 4,300 | 4,300 | Common stock | |||||||||||
B) | 6,100 | 6,100 | revenue | |||||||||||
C) | (4,500) | (4,500) | ||||||||||||
D. | 600 | 600 | ||||||||||||
E | 1500 | (1,500) | ||||||||||||
F | 4,200 | 4,200 | revenue | |||||||||||
G | (2,650) | (2,650) | expenses | |||||||||||
H | (2,700) | (2,700) | Dividend | |||||||||||
Bal | 4,350 | 6,100 | 600 | 12,400 | 4300 | 9800 | 9350 | |||||||
TOTAL | 23,450 | 23,450 | ||||||||||||
Requirements 2
Haas computing Inc.
Income statement
Month Ended October 31,2018
Revenues | ||
Service Revenue | 10,300 | |
Expenses | ||
Office rent | 2,000 | |
Advertising expenses | 650 | |
Total expenses | (2,650) | |
Net income | 7,650 |
Requirements 3
Haas computing Inc
Statement of Retained earnings
Month Ended October 31,2018
Opening balance | 4,400 | |
Add: | Net income | 7,650 |
Subtotal | 12,050 | |
Less: | Dividend | (2,700) |
Closing balance | 9,350 |
Requirements 4
Haas computing inc.
Balance sheet
October 31,2018
Assets | Liability | ||
Cash | 4,350 | Account payable | 4,300 |
Account Recievable | 6,100 | Total liabilities | 4,300 |
Supplies | 600 | Stockholders equity | |
Equipment | 12,400 | Common stock | 9,800 |
Retained earnings | 9,350 | ||
Total stockholders equity | 19,150 | ||
Total assets | 23,450 | Total liabilities and stockholders equity | 23,450 |
September 30, 2018 financial position - X = Assets Accounts + Receivable + Supplies - Equipment...
4 September 30, 2018 financial position - X = Assets Accounts + Receivable + Supplies 3,500 Liabilities Accounts Payable 7,600 Stockholders' Equity Common Retained Stock + Earnings 6.200 3.850 = + Cash Bal 2,150 - Equipment 12,000 Print Done A Transactions a. The company received cash of $4,100 and issued common stock. b. Performed services for a customer and received cash of $6,100. c. Paid $4,100 on accounts payable. d. Purchased supplies on account, $1,000. e. Collected cash from a...
0 September 30, 2018 financial position Assets = + Liabilities Accounts Payable 8,100 Accounts + Receivable + 3,500 Stockholders' Equity Common Retained Stock + Earnings 6,500 3,450 Supplies = Cash 2,250 + + Equipment 12,300 Bal Print Done i Transactions a. The company received cash of $3,800 and issued common stock b. Performed services for a customer and received cash of $6,000 c. Paid $4,400 on accounts payable d. Purchased supplies on account, $1,100. e. Collected cash from a customer...
The following amounts summarize the financial position of Willis Computing, Inc., on September 30, 2018: (Click the icon to view the September 30, 2018 financial position.) During October 2018, Willis Computing completed these transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Analyze the effects of the preceding transactions on the accounting equation of Willis Computing, Inc Enter the transactions in the accounting equation, beginning with transaction "a" For transactions that affect stockholders' equity, select the...
a-h are the transactions and then the a-h on the first part just go with the transactions The following out the financial position of Swth Computing, Inc., on September 30, 2018 Click the icon to view the September 30, 2018 francial position) During October 2018. Smith Computing completed these transactions Cick the icon to view the transactions) Read the requirements Requirement 1. Au the affects of the preceding transactions on the accounting equation of Smith Computing, Inc Enter the transactions...
At the beginning of 2018, Better Corp.'s accounting records had the following general ledger accounts and balances: BETTER CORP. Accounting Equation Event Assets = + Accounting Titles for Retained Earnings Liabilities Notes Payable 12,100 Cash Land 11,000 21,000 - Stockholders' Equity Common Retained Stock Earnings 7,100 12,800 Balance 1/1/2018 Better Corp. completed the following transactions during 2018: 1. Purchased land for $5,500 cash. 2. Acquired $26,000 cash from the issue of common stock. 3. Received $65,000 cash for providing services...
Thank you so much! The following amounts summarize the financial position of Smith Computing, Inc., on September 30, 2018: Click the icon to view the September 30, 2018 financial position) During October 2018, Smith Computing completed these transactions Click the icon to view the transactions) Smith Computing, Inc. performed a transactional analysis to determine the effects of the transactions on their accounting equation Click the icon to view the completed accounting equation analysis.) Read the girements Requirement 1. Journalize the...
At the beginning of 2018, Better Corp.'s accounting records had the following general ledger accounts and balances: BETTER CORP. Accounting Equation Event Assets = Accounting Titles for Retained Earnings + Liabilities Notes Payable 12,000 Cash Land 10,000 20,000 Stockholders' Equity Common Retained Stock Earnings 7,000 11,000 Balance 1/1/2018 Better Corp. completed the following transactions during 2018: 1. Purchased land for $5,000 cash. 2. Acquired $25,000 cash from the issue of common stock. 3. Received $75,000 cash for providing services to...
At the beginning of 2018, Better Corp's accounting records had the following general ledger accounts and balances: CORP Event Assets BETTER CORP. Accounting Equation Liabilities + Stockholders' Equity Notes Common Retained Payable S tock Earnings 8,300 34,400 Accounting Titles for Retained Earnings Balance 1/1/2018 Cash Land 23,000 33,000 13,300 Better Corp. completed the following transactions during 1. Purchased land for $11,500 cash. 2. Acquired $38,000 cash from the issue of common stock 3. Received $77,000 cash for providing services to...
n on as one transaction Alter all transactions have been tres cala Enter the transactions in the accounting e balance of each account, stal sets and t beginning with transaction Formacions that affect stockholders equity select the type of guilty transaction. For transaction .enter the amounts to the accounting able and stockholdereuty (Use pare or a mino n decreasing countsa box not used in the table leave the box empty do not enter a zero.) Assets Accounts + Rocavab Acoounts...
At the beginning of 2018, Better Corp's accounting records had the following general ledger accounts and balances: BETTER CORP. Accounting Equation Event - + Accounting Titles for Retained Earnings Liabilities Notes Payable 12,800 Cash Land 18,000 28,000 Stockholders' Equity Common Retained Stock Earnings 7,800 25,400 Balance 1/1/2018 Better Corp. completed the following transactions during 2018: 1. Purchased land for $9,000 cash. 2. Acquired $33,000 cash from the issue of common stock 3. Received $72,000 cash for providing services to customers....