Answer:
Assets | - | Liabilities | + | Stockholder's Equity | ||||||||||||||||
Retained Earnings | ||||||||||||||||||||
Cash | + | Account Receivable | + | Supplies | + | Equipment | - | Accounts Payable | + | Bonds Payable | + | Common Stock | + | Revenues | - | Expenses | - | Dividends | ||
1 | $100,000 | - | - | - | - | - | - | $100,000 | - | - | - | Issued Stock | ||||||||
2 | $35,000 | - | - | - | - | - | $35,000 | - | - | - | - | |||||||||
3 | - $50,000 | - | - | $50,000 | - | - | - | - | - | - | - | |||||||||
4 | $14,000 | - | - | - | - | - | - | - | $14,000 | - | - | Service Revenue | ||||||||
5 | - | - | $2,700 | - | - | $2,700 | - | - | - | - | - | |||||||||
6 | - $4,200 | - | - | - | - | - | - | - | - | - $4,200 | - | Rent Expense | ||||||||
7 | 0 | $10,000 | - | - | - | - | - | - | $10,000 | - | - | Service Revenue | ||||||||
8 | - $26,000 | - | - | - | - | - | - | - | - | - $26,000 | - | Salaries and wages expense | ||||||||
9 | - $10,000 | - | - | - | - | - | - | - | - | - | - $10,000 | Dividends | ||||||||
Total | $58,800 | $10,000 | $2,700 | $50,000 | - | $2,700 | $35,000 | $100,000 | $24,000 | - $30,200 | - $10,000 |
During 2022, its first year of operations as a delivery service. Ayayal Corp.entered into the following...
During 2022, its first year of operations as a delivery service, Ayayai Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $100,000 in cash. 2. Borrowed $35,000 by issuing bonds. 3. Purchased delivery trucks for $50,000 cash. 4. Received $14,000 from customers for services performed. 5. Purchased supplies for $2,700 on account. 6. Paid rent of $4,200. 7. Performed services on account for $10,000. 8. Paid salaries of $26,000. 9. Paid a...
During 2022, its first year of operations as a delivery service, Bridgeport Corp.entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $194,000 in cash. 2. Borrowed $37,000 by issuing bonds. 3. Purchased delivery trucks for $54,000 cash. 4. Received $15,000 from customers for services performed. 5. Purchased supplies for $6,500 on account. 6. Paid rent of $5,900. 7. Performed services on account for $11,000. 8. Paid salaries of $29,700. 9. Paid a dividend...
During 2022, its first year of operations as a delivery service, Monty Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $109,000 in cash. 2. Borrowed $53,000 by issuing bonds. 3. Purchased delivery trucks for $60,000 cash. 4. Received $14,000 from customers for services performed. 5. Purchased supplies for $4,100 on account. 6. Paid rent of $6,200. 7. Performed services on account for $11,900. 8. Paid salaries of $28,600. 9. Paid a...
During 2022, its first year of operations as a delivery service, Grouper Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $123,000 in cash. 2. Borrowed $37,000 by issuing bonds. 3. Purchased delivery trucks for $64,000 cash. 4. Received $15,000 from customers for services performed. 5. Purchased supplies for $6,100 on account. 6. Paid rent of $5,800. 7. Performed services on account for $11,800. 8. Paid salaries of $27,700. 9. Paid a...
Exercise 3-03 Your answer is partially correct. Try again During 2022, its first year of operations as a delivery service, Ayyal Corp. entered into the following transactions 1. Issued shares of common stock to investors in exchange for $173,000 in cash 2. Borrowed $50.000 by Issuing bonds 3. Purchased delivery trucks for $53,000 cash 4. Received $14,000 from customers for services performed 5. Purchased supplies for $3,700 on account. 6. Paid rent of $5,400. 7. Performed services on account for...
During 2022, its first year of operations as a delivery service,
Pronghorn Corp entered into the following transactions.
1.
Issued shares of common stock to investors in exchange for
$198,000 in cash.
2.
Borrowed $48,000 by issuing bonds.
3.
Purchased delivery trucks for $61,000 cash.
4.
Received $14,000 from customers for services performed.
5.
Purchased supplies for $3,900 on account.
6.
Paid rent of $5,800.
7.
Performed services on account for $10,700.
8.
Paid salaries of $30,000.
9.
Paid a...
During 2022, its first year of operations as a delivery service, Persimmon Corp, entered into the following transactions. Issued shares of common stock to investors in exchange for $100,000 in cash. Borrowed $45,000 by issuing bonds. Purchased delivery trucks for $60,000 cash. Received $16,000 from customers for services performed. Purchased supplies for $4,700 on account. Paid rent of $5,200 7. Performed services on account for $10,000. Paid salaries of $28,000 Paid a dividend of $11,000 to shareholders. 1. 2. 3....
1. 2. 3. During 2022, its first year of operations as a delivery service, Flounder Corp. entered into the following transactions. Issued shares of common stock to investors in exchange for $137,000 in cash. Borrowed $55,000 by issuing bonds. Purchased delivery trucks for $63,000 cash. Received $18,000 from customers for services performed. Purchased supplies for $6,600 on account. Paid rent of $5,900 Performed services on account for $10,700. Paid salaries of $26,700. Paid a dividend of $11,500 to shareholders. 4....
Current Attempt in Progress During 2022, its first year of operations as a delivery service, Bramble Corp, entered into the following transactions. 1. 2. 3. 4. 5. Issued shares of common stock to investors in exchange for $145,000 in cash. Borrowed $48,000 by issuing bonds. Purchased delivery trucks for $54.000 cash. Received $16,000 from customers for services performed Purchased supplies for $4,300 on account. Paid rent of $4,800 Performed services on account for $11,600. Paid salaries of $27,200. Paid a...
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