Homework Answers
| Transaction | Description |
| 1 | The company Purchased land for $4,000 cash |
| 2 | The company Purchased $1,000 of office supplies on credit |
| 3 | The company Billed a client $1,900 for services provided |
| 4 | The company paid $1,000 cash toward an account payable |
| 5 | The company Collected $1,900 cash from an account receivable |
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Check my work The following table shows the effects of five transactions (1 through 5) on...
The following table shows the effects of five transactions through 5 on the assets, liabilities, and...
The following table shows the effects of five transactions through 5 on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description Assets - Liabilities + Equity Mulan, + Accounts Office Cash + Receivable + Supplies + Land $ 21,000+ $ 0 + $3,000 + $ 19,000 1. 4,000 0 0 + 4,000 2. + 0 + 1,800 + 0 + 0 3. + 2,000 2,000 0 0 4. - 1,000 + 0 1,000...
Exercise 1-11 Identifying effects of transactions on the accounting equation LO P1 The following table shows...
Exercise 1-11 Identifying effects of transactions on the accounting equation LO P1 The following table shows the effects of transactions 1 through 5 on the assets, liabilities, and equity of Mulan's Boutique, Match the given transaction with its probable description Assets - Liabilities + Equity Accounts Payable $ 0 Common + Stock • $ 43,000 + Revenues + 4 + 1,000 Accounts Office Canh + Receivable + Supplies + Land $ 21,000+ $ 0 + $3,000 + $ 19,000 -...
The following table shows the effects of transactions /through 5 on the assets, liabilities, and equity...
The following table shows the effects of transactions /through 5 on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description. - Liabilities + Assets Equity Office Common Stock + $ 61,900 + S Accounts Accounts Payable %24 + Receivable + Supplies + $3,900 + Revenues Cash Land $28,000- 4,900 $30,000 +S 1. - 4,900+ 2. + 3. + 2,800 4. - 1,900+ 5. + 2,800+ $28,800+ +] +] 2,800 2,800 2,800 +] +]...
Identify each of the following items as assets, liabilities, or equity from the drop down provided....
Identify each of the following items as assets, liabilities, or equity from the drop down provided. 1. Accounts payable 2. Supplies 3. Taxes payable 4. Computer Equipment 5. Common stock 6. Land The following table shows the effects of five transactions (through 5) on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description. Nosota Liabilities Equity Cash $ 21.000 Accounts Office + Receivable + Supplies + + $ 0 $3,000 Land $19.000 4.000...
The following table shows the effects of transactions 1through 5on the assets, liabilities, and equity of...
The following table shows the effects of transactions 1through 5on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description. Assets = Liabilities + Equity Accounts + Receivable + Supplies + %24 Office Accounts Common Cash Land Payable Stock + Revenues +. + $28,000 4,900 + $ 61,900 + $ $30,000 + 1. - 4,900 + + $3,900 +. +] 2,800 2. + 2,800 2,800 +] +] +] 3. + 2,800 4. - 1,900...
QS 1-10 Identifying effects of transactions using accounting equation-Revenues and Expenses LO P1 The following transactions...
QS 1-10 Identifying effects of transactions using accounting equation-Revenues and Expenses LO P1 The following transactions were completed by the company. eBook a. The company completed consulting work for a client and immediately collected $7,500 cash earned. b. The company completed commission work for a client and sent a bill for $6,000 to be received within 30 days. c. The company paid an assistant $2.400 cash as wages for the period. d. The company collected $3,000 cash as a partial...
Saved Help Save & Exit Submit 2 Check my work Exercise 1-13 Identifying effects of transactions...
Saved Help Save & Exit Submit 2 Check my work Exercise 1-13 Identifying effects of transactions using the accounting equation LO P1 Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. During June, Ming Chen (the owner) completed these transactions ok a. Owner invested $60,000 cash in the company along with equipment that had a $15,000 market value in exchange for its common stock. b. The company paid...
Chapter 8 study assignment i Seved Help Save & Exit Submit Check my work n Blackhorse...
Chapter 8 study assignment i Seved Help Save & Exit Submit Check my work n Blackhorse Productions, Inc., used the aging of accounts receivable method to estimate that its Allowance for Doubtful Accounts should be $20,550. The account had an unadjusted credit balance of $10,400 at that time. 1.2 points a. The appropriate bad debt adjustment was recorded. b. Later, an account receivable for $1,400 was determined to be uncollectible and was written off. 03:46:35 Required: For each transaction listed...
3 E2-4 (Algo) Determining Financial Statement Effects of Several Transactions LO2-3 The following events occurred for...
3 E2-4 (Algo) Determining Financial Statement Effects of Several Transactions LO2-3 The following events occurred for Johnson Company: 5 points Skipped a. Received investment of cash by organizers and distributed to them 1,140 shares of $1 par value common stock with a market price of $20 per share. b. Purchased $7,800 of equipment, paying $1,300 in cash and owing the rest on accounts payable to the manufacturer. c. Borrowed $14,000 cash from a bank. d. Loaned $1,000 to an employee...
Please include work. Check my work 1 Enter the missing values in the following selected financial...
Please include work.
Check my work 1 Enter the missing values in the following selected financial statements (partial) that are available for HAS, Inc. Amounts are in millions of dollars. (Negative amounts should be indicated by a minus sign. Enter your answers in millions of dollars.) 75 points Year 6 Year 5 Year 4 Year 3 $ 1,040 S 1,880 1,560 (1.040) (2.760) 500 Print 630 265 D 0 30 $ 265 $ 480 References Income Statements Revenue Cost and...
The following table shows the effects of five transactions through 5 on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description Assets - Liabilities + Equity Mulan, + Accounts Office Cash + Receivable + Supplies + Land $ 21,000+ $ 0 + $3,000 + $ 19,000 1. 4,000 0 0 + 4,000 2. + 0 + 1,800 + 0 + 0 3. + 2,000 2,000 0 0 4. - 1,000 + 0 1,000...
Exercise 1-11 Identifying effects of transactions on the accounting equation LO P1 The following table shows the effects of transactions 1 through 5 on the assets, liabilities, and equity of Mulan's Boutique, Match the given transaction with its probable description Assets - Liabilities + Equity Accounts Payable $ 0 Common + Stock • $ 43,000 + Revenues + 4 + 1,000 Accounts Office Canh + Receivable + Supplies + Land $ 21,000+ $ 0 + $3,000 + $ 19,000 -...
The following table shows the effects of transactions /through 5 on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description. - Liabilities + Assets Equity Office Common Stock + $ 61,900 + S Accounts Accounts Payable %24 + Receivable + Supplies + $3,900 + Revenues Cash Land $28,000- 4,900 $30,000 +S 1. - 4,900+ 2. + 3. + 2,800 4. - 1,900+ 5. + 2,800+ $28,800+ +] +] 2,800 2,800 2,800 +] +]...
Identify each of the following items as assets, liabilities, or equity from the drop down provided. 1. Accounts payable 2. Supplies 3. Taxes payable 4. Computer Equipment 5. Common stock 6. Land The following table shows the effects of five transactions (through 5) on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description. Nosota Liabilities Equity Cash $ 21.000 Accounts Office + Receivable + Supplies + + $ 0 $3,000 Land $19.000 4.000...
The following table shows the effects of transactions 1through 5on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description. Assets = Liabilities + Equity Accounts + Receivable + Supplies + %24 Office Accounts Common Cash Land Payable Stock + Revenues +. + $28,000 4,900 + $ 61,900 + $ $30,000 + 1. - 4,900 + + $3,900 +. +] 2,800 2. + 2,800 2,800 +] +] +] 3. + 2,800 4. - 1,900...
QS 1-10 Identifying effects of transactions using accounting equation-Revenues and Expenses LO P1 The following transactions were completed by the company. eBook a. The company completed consulting work for a client and immediately collected $7,500 cash earned. b. The company completed commission work for a client and sent a bill for $6,000 to be received within 30 days. c. The company paid an assistant $2.400 cash as wages for the period. d. The company collected $3,000 cash as a partial...
Saved Help Save & Exit Submit 2 Check my work Exercise 1-13 Identifying effects of transactions using the accounting equation LO P1 Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. During June, Ming Chen (the owner) completed these transactions ok a. Owner invested $60,000 cash in the company along with equipment that had a $15,000 market value in exchange for its common stock. b. The company paid...
Chapter 8 study assignment i Seved Help Save & Exit Submit Check my work n Blackhorse Productions, Inc., used the aging of accounts receivable method to estimate that its Allowance for Doubtful Accounts should be $20,550. The account had an unadjusted credit balance of $10,400 at that time. 1.2 points a. The appropriate bad debt adjustment was recorded. b. Later, an account receivable for $1,400 was determined to be uncollectible and was written off. 03:46:35 Required: For each transaction listed...
3 E2-4 (Algo) Determining Financial Statement Effects of Several Transactions LO2-3 The following events occurred for Johnson Company: 5 points Skipped a. Received investment of cash by organizers and distributed to them 1,140 shares of $1 par value common stock with a market price of $20 per share. b. Purchased $7,800 of equipment, paying $1,300 in cash and owing the rest on accounts payable to the manufacturer. c. Borrowed $14,000 cash from a bank. d. Loaned $1,000 to an employee...
Please include work.
Check my work 1 Enter the missing values in the following selected financial statements (partial) that are available for HAS, Inc. Amounts are in millions of dollars. (Negative amounts should be indicated by a minus sign. Enter your answers in millions of dollars.) 75 points Year 6 Year 5 Year 4 Year 3 $ 1,040 S 1,880 1,560 (1.040) (2.760) 500 Print 630 265 D 0 30 $ 265 $ 480 References Income Statements Revenue Cost and...
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