Question

Weida Surveying, Inc., provides land surveying services. During September is trans included the following. L03.3. L03 4. L03.5, L03-6, LO3-7. LO3-8 PROBLEM 3.3A Analyzing and Journalizing Transactions Sept. 1 Sept. 3 Sept. 9 Sept. 14 Paid rent for the month of September. $4,400. Billed Fine Line Homes $5.620 for surveying services. The entire amount is due on or before September 28. (Weida uses an account entitled Surveying Revenue when billing clients.) Provided surveying services to Sunset Ridge Developments for $2.830. The entire amount was collected on this date. Placed a newspaper advertisement in the Daily Item to be published in the September 20 issue. The cost of the advertisement was $165. Payment is due in 30 days. Received a check for $5,620 from Fine Line Homes for the amount billed on September 3. Provided surveying services to Thompson Excavating Company for $1.890. Weida collected $400 cash, with the balance due in 30 days. Sent a check to the Daily Item in full payment of the liability incurred on September 14 Declared and paid a $7.000 cash dividend to the company's stockholders. Sept. 25 Sept. 26 Sept. 29 Sept. 30

I need the answer for A , B , and C

Answer 1

Answer-

	Income Statement (Revenue-Expenses= Net Income)			Balance Sheet	(Assets= Liabilities +Owner's Equity)
Transactions	Revenue	Expenses	Net Income	Assets	Liabilities	Owner's Equity
Sep.1	NE	I	D	D	NE	D
Sep.2	I	NE	I	I	NE	I
Sep.9	I	NE	I	I	NE	I
Sep.14	NE	I	D	NE	I	D
Sep.25	NE	NE	NE	NE	NE	NE
Sep.26	I	NE	I	I	NE	I
Sep.29	NE	NE	NE	D	D	NE
Sep.30	NE	NE	NE	D	NE	D

B-

Sep 1	Rent		4,400
		Cash		4,400
	(To record paid September rent.)
3	Accounts Receivable		5,620
		Surveying Revenue Services		5,620
	To record Billed Fine Line Homes for surveying services)
9	Cash		2,830
		Surveying Revenue		2,830
	(To record collected cash from Sunset Ridge Development for
	services provided)
14	Advertising Expense		165
		Accounts Payable		165
	(To record the cost of daily advertisement payment in due in 30 days)
25	Cash		5,620
		Accounts Receivable		5,620
	(To record received payment from Fine Line Homes for services
	service billed on Sept. 3)
26	Cash		400
	Accounts Receivable		1,490
		Surveying Revenue		1,890
	(To record collected partial payment from Thompson Co. and
	billed remainder)
29	Accounts Payable		165
		Cash		165
	(To record paid newspaper for advertisement published on
	Sept. 20)
30	Dividends		7,600
		Cash		7,600
	(To record paid a cash dividend)

c-Three situations in which a cash payment would not involve recognition of an expense:-

1-The cost of advertising is an expense and liability accounts payable is incurred.

2-Cash dividend payments.

3-Rent Expenses.