Kinldy solve the P1-2A problem of Tabular Analysis. (Kindly do it without Debit or Credit column. The necessary columns are given in the INSTRUCTIONS (a). Regards.
Homework Answers
| Trans. | Cash | + | Accounts Receivable | + | Supplies | + | Office Equipment | = | Notes Payable | + | Accounts Payable | + | M. Gonzalez, Capital | - | M. Gonzalez, Drawings | + | Revenues | - | Expenses |
| Begininng | $9,000 | + | $1,700 | + | $600 | + | $6,000 | = | + | $3,600 | + | $13,700 | - | + | - | ||||
| 1 | -$2,900 | + | + | + | = | + | -$2,900 | + | - | + | - | ||||||||
| 2 | $1,300 | + | -$1,300 | + | + | = | + | + | - | + | - | ||||||||
| 3 | -$800 | + | + | + | $2,100 | = | + | $1,300 | + | - | + | - | |||||||
| 4 | $2,500 | + | $5,500 | + | + | = | + | + | - | + | $8,000 | - | |||||||
| 5 | -$1,000 | + | + | + | = | + | + | - | $1,000 | + | - | ||||||||
| 6 | -$2,900 | + | + | + | = | + | + | - | + | - | $2,900 | ||||||||
| 7 | + | + | + | = | + | $170 | + | - | + | - | $170 | ||||||||
| 8 | $10,000 | + | + | + | = | $10,000 | + | + | - | + | - | ||||||||
| Total | $15,200 | + | $5,900 | + | $600 | + | $8,100 | = | $10,000 | + | $2,170 | + | $13,700 | - | $1,000 | + | $8,000 | - | $3,070 |
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Kinldy solve the P1-2A problem of Tabular Analysis.
(Kindly do it without Debit or Credit column....
Kindly make a Tabular analysis. (Without Debit and Credit columns. Just like this.) Regards. EXERCISES:...
Kindly make a Tabular analysis. (Without Debit and
Credit columns. Just
like this.) Regards.
EXERCISES: SET B Visit the book's companion website at www.wiley.com/college/weygandt, and choose the Student Companion site, to access Exercise Set B. PROBLEMS: SET A P1-1A Barone's Repair Shop was started on May 1 by Nancy Barone. A summary of May An transactions is presented below. 1. Invested $10,000 cash to start the repair shop. 2. Purchased equipment for $5,000 cash. 3. Paid $400 cash for...
I have to prepare a tabular analysis of the August transaction Susan Wilson opened a law...
I have to prepare a tabular analysis of the August
transaction
Susan Wilson opened a law office on July 1, 2020. On July 31, the balance sheet showed Cash $5,400, Accounts Receivable $1,500, Supplies $600, Equipment $5,500, Accounts Payable $3,700, and Owner's Capital $9,300. During August, the following transactions occurred. 1. Collected $1,200 of accounts receivable. 2. Paid $2,900 cash on accounts payable. 3. Recognized revenue of $8.000, of which $3,400 is collected in cash and the balance is due...
question P1-8A 10. On March 31, she performed $3,500 of legal services on account. 11. On...
question P1-8A
10. On March 31, she performed $3,500 of legal services on account. 11. On March 31, she received $2,500 cash for legal services to be provided in April. 12. On March 31, she paid her receptionist $500 for the week. 13. On March 31, she paid $400 for the supplies purchased on account on March 21. Instructions (a) Prepare a tabular analysis of the effects of the above transactions on the accounting equation. (6) Calculate profit and owner's...
On April 1, Julie Spengel established Spengel's Travel Agency. The following transactions were completed during the month
P1.1A (LO 3, 4) On April 1, Julie Spengel established Spengel's Travel Agency. The following transactions were completed during the month. 1. Invested $15,000 cash to start the agency. 2. Paid $600 cash for April office rent. 3. Purchased equipment for $3,000 cash. 4. Incurred $700 of advertising costs in the Chicago Tribune, on account. 5. Paid $900 cash for office supplies. 6. Performed services worth $10,000: $3,000 cash is received from customers, and the balance of $7,000 is billed to customers on account. 7. Withdrew $600...
Chapter 1 Problems: Set B and compute net KP1-18 On Apni 1. Bill Taylor established Tavlor...
Chapter 1 Problems: Set B and compute net KP1-18 On Apni 1. Bill Taylor established Tavlor Made Travel Agency. The following Analyze tra transactions were completed during the month. 1. Stockholders invested $8,000 cash in the business in exchange for common stock income. 2. Paid $400 cash for April office rent. (LO 3,4) 3. Purchased office equipment for $2,500 cash. 4. Incurred $300 of advertising costs in the Chicago Tribune, on account. 5. Paid $500 cash for office supplies. 6....
29 Received the telephone bill for September, $325. 30 Billed the government $10,000 for services provided...
29 Received the telephone bill for September, $325. 30 Billed the government $10,000 for services provided to patients in September. Instructions (a) Beginning with the August 31 balances, prepare a tabular analysis of the effects of the September transactions on the accounting equation. (b) Prepare an income statement and statement of owner's equity for September, and a balance sheet at September 30. TAKING IT FURTHER What are the differences between purchasing an item on account and signing a note payable...
Question 2 of 6 > -/1 E View Policies Current Attempt in Progress Barbara Jones opened...
Question 2 of 6 > -/1 E View Policies Current Attempt in Progress Barbara Jones opened a law office on July 1, 2020. On July 31, the balance sheet showed Cash $6,000, Accounts Receivable $1,600, Supplies $400. Equipment $6.000. Accounts Payable $4.000. and Owner's Capital $10,000. During August, the following transactions occurred. DONO UN Collected $1.300 of accounts receivable. Paid $2.500 cash on accounts payable. Recognized revenue of $8.700, of which $2.100 is collected in cash and the balance is...
Analyse transactions and prepare income statement, retained earnings statement, and statement of financial position P1.2 (LO...
Analyse transactions and prepare income statement, retained earnings statement, and statement of financial position P1.2 (LO 4,5) Ai Fang Co. opened on July 1, 2020. On July 31, the statement of financial position showed Cash 75,000, Accounts Receivable Y1.500, Supplies 7500, Equipment 76,000, Accounts Payable 74.200, Share Capital-Ordinary 14,000, and Retained Earning of Y4,800 (amounts in thousands). During August, the following transactions occurred. 1. Collected V1.200 of accounts receivable. 2. Paid V2.800 cash on accounts payable. 3. Recognized revenue of...
Problem 1-2A On August 31, the balance sheet of La Brava Veterinary Clinic showed Cash $9,000,...
Problem 1-2A On August 31, the balance sheet of La Brava Veterinary Clinic showed Cash $9,000, Accounts Receivable $1,700, Supplies 5600, Equipment $6,000, Accounts Payable $3,600, Common Stock $13,000, and Retained Earnings $700. During September, the following transactions occurred. 1. Paid $2,900 cash for accounts payable due. 2. Collected $1,300 of accounts receivable. 3. Purchased additional equipment for $2,100, paying $800 in cash and the balance on account. 4. Recognized revenue of $7,300, of which $2,500 is collected in cash...
P1.5A (LO 4,5) Writing Financial Statement Financial statement information about four differ ent companies is as...
P1.5A (LO 4,5) Writing Financial Statement Financial statement information about four differ ent companies is as follows. Psi Omega Alpha Company Beta Company Company Company $ 80,000 41,000 (a) $ 90,000 (d) 40,000 (g) 80,000 49.000 $150,000 () 90,000 January 1, 2020 Assets Liabilities Owner's equity December 31, 2020 Assets Liabilities Owner's equity Owner's equity changes in year Additional investment Drawings Total revenues Total expenses (b) 60,000 50,000 112,000 72,000 (e) 170,000 (h) 82.000 (k) 100,000 151,000 (c) 15,000 350,000...
Kindly make a Tabular analysis. (Without Debit and
Credit columns. Just
like this.) Regards.
EXERCISES: SET B Visit the book's companion website at www.wiley.com/college/weygandt, and choose the Student Companion site, to access Exercise Set B. PROBLEMS: SET A P1-1A Barone's Repair Shop was started on May 1 by Nancy Barone. A summary of May An transactions is presented below. 1. Invested $10,000 cash to start the repair shop. 2. Purchased equipment for $5,000 cash. 3. Paid $400 cash for...
I have to prepare a tabular analysis of the August
transaction
Susan Wilson opened a law office on July 1, 2020. On July 31, the balance sheet showed Cash $5,400, Accounts Receivable $1,500, Supplies $600, Equipment $5,500, Accounts Payable $3,700, and Owner's Capital $9,300. During August, the following transactions occurred. 1. Collected $1,200 of accounts receivable. 2. Paid $2,900 cash on accounts payable. 3. Recognized revenue of $8.000, of which $3,400 is collected in cash and the balance is due...
question P1-8A
10. On March 31, she performed $3,500 of legal services on account. 11. On March 31, she received $2,500 cash for legal services to be provided in April. 12. On March 31, she paid her receptionist $500 for the week. 13. On March 31, she paid $400 for the supplies purchased on account on March 21. Instructions (a) Prepare a tabular analysis of the effects of the above transactions on the accounting equation. (6) Calculate profit and owner's...
Chapter 1 Problems: Set B and compute net KP1-18 On Apni 1. Bill Taylor established Tavlor Made Travel Agency. The following Analyze tra transactions were completed during the month. 1. Stockholders invested $8,000 cash in the business in exchange for common stock income. 2. Paid $400 cash for April office rent. (LO 3,4) 3. Purchased office equipment for $2,500 cash. 4. Incurred $300 of advertising costs in the Chicago Tribune, on account. 5. Paid $500 cash for office supplies. 6....
29 Received the telephone bill for September, $325. 30 Billed the government $10,000 for services provided to patients in September. Instructions (a) Beginning with the August 31 balances, prepare a tabular analysis of the effects of the September transactions on the accounting equation. (b) Prepare an income statement and statement of owner's equity for September, and a balance sheet at September 30. TAKING IT FURTHER What are the differences between purchasing an item on account and signing a note payable...
Question 2 of 6 > -/1 E View Policies Current Attempt in Progress Barbara Jones opened a law office on July 1, 2020. On July 31, the balance sheet showed Cash $6,000, Accounts Receivable $1,600, Supplies $400. Equipment $6.000. Accounts Payable $4.000. and Owner's Capital $10,000. During August, the following transactions occurred. DONO UN Collected $1.300 of accounts receivable. Paid $2.500 cash on accounts payable. Recognized revenue of $8.700, of which $2.100 is collected in cash and the balance is...
Analyse transactions and prepare income statement, retained earnings statement, and statement of financial position P1.2 (LO 4,5) Ai Fang Co. opened on July 1, 2020. On July 31, the statement of financial position showed Cash 75,000, Accounts Receivable Y1.500, Supplies 7500, Equipment 76,000, Accounts Payable 74.200, Share Capital-Ordinary 14,000, and Retained Earning of Y4,800 (amounts in thousands). During August, the following transactions occurred. 1. Collected V1.200 of accounts receivable. 2. Paid V2.800 cash on accounts payable. 3. Recognized revenue of...
Problem 1-2A On August 31, the balance sheet of La Brava Veterinary Clinic showed Cash $9,000, Accounts Receivable $1,700, Supplies 5600, Equipment $6,000, Accounts Payable $3,600, Common Stock $13,000, and Retained Earnings $700. During September, the following transactions occurred. 1. Paid $2,900 cash for accounts payable due. 2. Collected $1,300 of accounts receivable. 3. Purchased additional equipment for $2,100, paying $800 in cash and the balance on account. 4. Recognized revenue of $7,300, of which $2,500 is collected in cash...
P1.5A (LO 4,5) Writing Financial Statement Financial statement information about four differ ent companies is as follows. Psi Omega Alpha Company Beta Company Company Company $ 80,000 41,000 (a) $ 90,000 (d) 40,000 (g) 80,000 49.000 $150,000 () 90,000 January 1, 2020 Assets Liabilities Owner's equity December 31, 2020 Assets Liabilities Owner's equity Owner's equity changes in year Additional investment Drawings Total revenues Total expenses (b) 60,000 50,000 112,000 72,000 (e) 170,000 (h) 82.000 (k) 100,000 151,000 (c) 15,000 350,000...
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