A- Select the terms (identified as a through g) with the definitions and phrases
.
Homework Answers
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| answer a. | ||||
| a | Assets | 7 | Economic resources that will be used by a business o produce revenue | |
| b | Common stock | 3 | Certificates that evidence ownership in a company | |
| c | Creditor | 6 | Individuals or institutions that have loaned goods or services to a business | |
| d | Liability | 5 | An obligation to pay cash in future | |
| e | Retained earning | 4 | Asset - liabilities - common stock | |
| f | Stockholders | 1 | Individual or institution that have contributed assets or services to a business in exchange for a ownership interest in the business | |
| g | Stockholders equity | 2 | Common stock + Retained earning | |
| Answer b. | ||||
| Asset | Liabilities | Common stock | Retained earning | |
| A | 132000 | 48500 | 46200 | 37300 |
| B | 95000 | 27000 | 24400 | 43600 |
| C | 87000 | 14200 | 32750 | 40050 |
| D | 102800 | 33000 | 49000 | 20800 |
Add Answer to:
A- Select the terms (identified as a through g) with the
definitions and phrases
.
a....
Required Select the terms (identified as a through g) with the definitions and phrases. Phrases Definition...
Required Select the terms (identified as a through g) with the definitions and phrases. Phrases Definition Individuals or institutions that have loaned goods or services to a business Common Stock + Roland Earnings C d e Assets Common Stock creditors Liability Retained Eamings Stockholders Stockholders' Equity Certificates that evidence ownership in a company Assets - Liabilities - Common Stock An obligation to pay cash in the future Pindi u sor institutions that have contributed assets or services to a business...
Exercise 1-4 Key definitions and missing information in the accounting equation Required a. Match the terms...
Exercise 1-4 Key definitions and missing information in the accounting equation Required a. Match the terms (identified as a through g) with the definitions and phrases (marked I through 7) For example the term "a. Assets" matches with definition 7. Economic resources that will be used by a business to produce revenue. a. Assets 1. Individuals or institutions that have contributed assets or services to a business in exchange for an ownership interest in the business. 2. Common Stock +...
Required a. Match the terms (identified as a through g) with the definitions and phrases. For...
Required a. Match the terms (identified as a through g) with the definitions and phrases. For example the term "a. Assets" matches with definition, Economic resources that will be used by a business to produce revenue. b. Calculate the missing amounts in the following table: Complete this question by entering your answers in the tabs below. Required A Required B Calculate the missing amounts in the following table: Company Liabilities + $ 46,000 + Assets = = 89,500 = 91,000...
nework Required a. Select the terms (identified as a through g) with the definitions and phrases....
nework Required a. Select the terms (identified as a through g) with the definitions and phrases. b. Calculate the missing amounts in the following table: Complete this question by entering your answers in the tabs below. Required A Required B Calculate the missing amounts in the following table: Company Assets = 93,000) = 95.000 99 700 = Liabilities $ 42,000 - - 14.800 - 27.000 - Stockholders' Equity Common Retained Stock Earnings $ 52.600 - $ 36.400 24 400 -...
Required information [The following information applies to the questions displayed below.] Milea Inc. experienced the...
Required information
[The following information applies to the questions
displayed below.]
Milea Inc. experienced the following events in Year 1, its first
year of operations:
Received $16,500 cash from the issue of common stock.
Performed services on account for $45,000.
Paid the utility expense of $1,300.
Collected $34,350 of the accounts receivable.
Recorded $5,650 of accrued salaries at the end of the
year.
Paid a $1,050 cash dividend to the stockholders.
Required a. Record the events in general ledger...
At the beginning of Year 2, Better Corp.'s accounting records had the following general ledger accounts...
At the beginning of Year 2, Better Corp.'s accounting records had the following general ledger accounts and balances. BETTER CORP Accounting Equation Accounting Titles for Retained Earnings Event Liabilities + Notes Payable Common Stock Retained Earnings Assets Stockholders' Equit Cash 15,000 Land 25,000 Balance 01/01/Year 2 12,500 7,500 20,000 Better Corp. completed the following transactions during Year 2: 1. Purchased land for $7,500 cash. 2. Acquired $30,000 cash from the issue of common stock. 3. Received $69,000 cash for providing...
please help me to find the correct answer Dakota Company experienced the following events during Year...
please help me to find the correct answer
Dakota Company experienced the following events during Year
2.
Acquired $30,000 cash from the issue of common stock.
Paid $10,000 cash to purchase land.
Borrowed $10,000 cash.
Provided services for $50,000 cash.
Paid $1,500 cash for utilities expense.
Paid $35,000 cash for other operating expenses.
Paid a $10,000 cash dividend to the stockholders.
Determined that the market value of the land purchased in Event
2 is now $12,500.
Required
a. The January...
Show Attempt History Current Attempt in Progress Carla Vista Co. entered into these transactions during May...
Show Attempt History Current Attempt in Progress Carla Vista Co. entered into these transactions during May 2022, its first month of operations. Stockholders invested $48,500 in the business in exchange for common stock of the company Purchased computers for office use for $27.500 from Ladd on account Paid $3,300 cash for May renton storage space. Performed computer services worth $18,000 on account. 5. Performed computer services for Wharton Construction Company for $3,700 cash. Paid Western States Power Co. 57.400 cash...
Required information The general ledger of Zips Storage at January 1, 2021, includes the following account...
Required information The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Debits $ 26,600 17,400 16,000 168,000 Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $ 8,700 7,800 163,000 48,500 $228,000 $ 228,000 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $154,100, and on account, $62,200. 2. February 12 Collect on accounts receivable, $53,500....
Shows that the problem is incomplete? not sure why Required information (The following information applies to...
Shows that the problem is incomplete? not sure why
Required information (The following information applies to the questions displayed below.) Prat Corp. started the 2018 accounting period with $30,000 of assets (all cash), $12,000 of liabilities, and $13,000 of common stock. During the year, the Retained Earnings account increased by $7,550. The bookkeeper reported that Prat paid cash expenses of $26,000 and paid a $2,000 cash dividend to the stockholders, but she could not find a record of the amount...
Required Select the terms (identified as a through g) with the definitions and phrases. Phrases Definition Individuals or institutions that have loaned goods or services to a business Common Stock + Roland Earnings C d e Assets Common Stock creditors Liability Retained Eamings Stockholders Stockholders' Equity Certificates that evidence ownership in a company Assets - Liabilities - Common Stock An obligation to pay cash in the future Pindi u sor institutions that have contributed assets or services to a business...
Exercise 1-4 Key definitions and missing information in the accounting equation Required a. Match the terms (identified as a through g) with the definitions and phrases (marked I through 7) For example the term "a. Assets" matches with definition 7. Economic resources that will be used by a business to produce revenue. a. Assets 1. Individuals or institutions that have contributed assets or services to a business in exchange for an ownership interest in the business. 2. Common Stock +...
Required a. Match the terms (identified as a through g) with the definitions and phrases. For example the term "a. Assets" matches with definition, Economic resources that will be used by a business to produce revenue. b. Calculate the missing amounts in the following table: Complete this question by entering your answers in the tabs below. Required A Required B Calculate the missing amounts in the following table: Company Liabilities + $ 46,000 + Assets = = 89,500 = 91,000...
nework Required a. Select the terms (identified as a through g) with the definitions and phrases. b. Calculate the missing amounts in the following table: Complete this question by entering your answers in the tabs below. Required A Required B Calculate the missing amounts in the following table: Company Assets = 93,000) = 95.000 99 700 = Liabilities $ 42,000 - - 14.800 - 27.000 - Stockholders' Equity Common Retained Stock Earnings $ 52.600 - $ 36.400 24 400 -...
Required information
[The following information applies to the questions
displayed below.]
Milea Inc. experienced the following events in Year 1, its first
year of operations:
Received $16,500 cash from the issue of common stock.
Performed services on account for $45,000.
Paid the utility expense of $1,300.
Collected $34,350 of the accounts receivable.
Recorded $5,650 of accrued salaries at the end of the
year.
Paid a $1,050 cash dividend to the stockholders.
Required a. Record the events in general ledger...
At the beginning of Year 2, Better Corp.'s accounting records had the following general ledger accounts and balances. BETTER CORP Accounting Equation Accounting Titles for Retained Earnings Event Liabilities + Notes Payable Common Stock Retained Earnings Assets Stockholders' Equit Cash 15,000 Land 25,000 Balance 01/01/Year 2 12,500 7,500 20,000 Better Corp. completed the following transactions during Year 2: 1. Purchased land for $7,500 cash. 2. Acquired $30,000 cash from the issue of common stock. 3. Received $69,000 cash for providing...
please help me to find the correct answer
Dakota Company experienced the following events during Year
2.
Acquired $30,000 cash from the issue of common stock.
Paid $10,000 cash to purchase land.
Borrowed $10,000 cash.
Provided services for $50,000 cash.
Paid $1,500 cash for utilities expense.
Paid $35,000 cash for other operating expenses.
Paid a $10,000 cash dividend to the stockholders.
Determined that the market value of the land purchased in Event
2 is now $12,500.
Required
a. The January...
Show Attempt History Current Attempt in Progress Carla Vista Co. entered into these transactions during May 2022, its first month of operations. Stockholders invested $48,500 in the business in exchange for common stock of the company Purchased computers for office use for $27.500 from Ladd on account Paid $3,300 cash for May renton storage space. Performed computer services worth $18,000 on account. 5. Performed computer services for Wharton Construction Company for $3,700 cash. Paid Western States Power Co. 57.400 cash...
Required information The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Debits $ 26,600 17,400 16,000 168,000 Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $ 8,700 7,800 163,000 48,500 $228,000 $ 228,000 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $154,100, and on account, $62,200. 2. February 12 Collect on accounts receivable, $53,500....
Shows that the problem is incomplete? not sure why
Required information (The following information applies to the questions displayed below.) Prat Corp. started the 2018 accounting period with $30,000 of assets (all cash), $12,000 of liabilities, and $13,000 of common stock. During the year, the Retained Earnings account increased by $7,550. The bookkeeper reported that Prat paid cash expenses of $26,000 and paid a $2,000 cash dividend to the stockholders, but she could not find a record of the amount...
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