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4.00 points Andrea Apple opened Apple Photography, Inc. on January 1 of the current year. During...
Andrea Apple opened Apple Photography on January 1 of the current year. During January, the following...
Andrea Apple opened Apple Photography on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books: 1. Andrea invested $14,200 cash in the business in exchange for common stock. 2. Andrea contributed $27,000 of photography equipment to the business in exchange for common stock. 3. The company paid $2,800 cash for office furniture. 4. The company received $6,400 cash for services provided during January. 5. The company purchased $6,900 of office...
Andrea Apple opened Apple Photography on January 1 of the current year. During January, the following...
Andrea Apple opened Apple Photography on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books: 1. Andrea invested $14,300 cash in the business in exchange for common stock. 2. Andrea contributed $28,000 of photography equipment to the business. 3. The company paid $2,900 cash for an insurance policy covering the next 24 months. 4. The company received $6,500 cash for services provided during January 5. The company purchased $7,000 of...
ters 13 Saved Help Save & Exit Andrea Apple opened Apple Photography on January 1 of...
ters 13 Saved Help Save & Exit Andrea Apple opened Apple Photography on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books: 40 1. Andrea invested $14,600 cash in the business in exchange for common stock. 2. Andrea contributed $31,000 of photography equipment to the business. 3. The company paid $3,200 cash for an insurance policy covering the next 24 months 4. The company received $6,800 cash for services provided...
Aaliyah Turner opened Turner Apple Photography on January 1 of the current year. During January, the...
Aaliyah Turner opened Turner Apple Photography on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books: 1. Aaliyah invested $15,400 cash in the business in exchange for common stock. 2. Aaliyah contributed $39,000 of photography equipment to the business in exchange for common stock. 3. The company paid $4,000 cash for an insurance policy covering the next 24 months. 4. The company received $7,600 cash for services provided during January....
At the beginning of the current year, Trenton Company's total assets were $262.000 and its total...
At the beginning of the current year, Trenton Company's total assets were $262.000 and its total liabilities were $182,000. During the year. the company reported total revenues of $107,000, total expenses of $83,000 and dividends of $12,000. There were no other changes in equity during the year and total assets at the end of the year were $274,000. Trenton Company's debt ratio at the end of the current year is: Andrea Apple opened Apple Photography on January 1 of the...
Radar Repair Company opened on March 1 of the current year. During March, the following transactions...
Radar Repair Company opened on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books: 1. Rick Radar, the sole stockholder, invested $15,000 cash in the business in exchange for common stock. 2. Rick contributed $22,000 of equipment to the business in exchange for common stock. 3. The company provided $8,000 of services to customers on account. 4. The company paid $1,000 cash to rent office space for the month of...
Radar Repair Company opened on March 1 of the current year. During March, the following transactions...
Radar Repair Company opened on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books: 1. Rick Radar, the sole stockholder, invested $20,000 cash in the business in exchange for common stock. 2. Rick contributed $2,000 of equipment to the business in exchange for common stock. 3. The company provided $8,000 of services to customers on account. 4. The company paid $2,000 cash to rent office space for the month of...
Joe Jackson opened Jackson's Repairs on March 1 of the current year. During March, the following...
Joe Jackson opened Jackson's Repairs on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books: Jackson invested $43,000 cash in the business. Jackson contributed $118,000 of equipment to the business. The company paid $3,800 cash to rent office space for the month of March. The company received $34,000 cash for repair services provided during March. The company paid $8,000 for salaries for the month of March. The company provided $4,800...
Wiley Hill opened Hill's Repairs on March 1 of the current year. During March, the following...
Wiley Hill opened Hill's Repairs on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books: 1. Wiley, the sole stockholder, invested $37.000 cash in the business in exchange for common stock 2 Wiley contributed $112.000 of equipment to the business in exchange for common stock 3. The company paid $3,200 cash to rent office space for the month of March. 4. The company received $28,000 cash for repair services provided...
Jaxson McCormick opened McCormick’s Repairs on March 1 of the current year. During March, the following...
Jaxson McCormick opened McCormick’s Repairs on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books: McCormick’s invested $28,000 cash in the business in exchange for common stock. McCormick’s contributed $103,000 of equipment to the business. The company paid $2,300 cash to rent office space for the month of March. The company received $19,000 cash for repair services provided during March. The company paid $6,500 for salaries for the month of...
Andrea Apple opened Apple Photography on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books: 1. Andrea invested $14,200 cash in the business in exchange for common stock. 2. Andrea contributed $27,000 of photography equipment to the business in exchange for common stock. 3. The company paid $2,800 cash for office furniture. 4. The company received $6,400 cash for services provided during January. 5. The company purchased $6,900 of office...
Andrea Apple opened Apple Photography on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books: 1. Andrea invested $14,300 cash in the business in exchange for common stock. 2. Andrea contributed $28,000 of photography equipment to the business. 3. The company paid $2,900 cash for an insurance policy covering the next 24 months. 4. The company received $6,500 cash for services provided during January 5. The company purchased $7,000 of...
ters 13 Saved Help Save & Exit Andrea Apple opened Apple Photography on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books: 40 1. Andrea invested $14,600 cash in the business in exchange for common stock. 2. Andrea contributed $31,000 of photography equipment to the business. 3. The company paid $3,200 cash for an insurance policy covering the next 24 months 4. The company received $6,800 cash for services provided...
Aaliyah Turner opened Turner Apple Photography on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books: 1. Aaliyah invested $15,400 cash in the business in exchange for common stock. 2. Aaliyah contributed $39,000 of photography equipment to the business in exchange for common stock. 3. The company paid $4,000 cash for an insurance policy covering the next 24 months. 4. The company received $7,600 cash for services provided during January....
At the beginning of the current year, Trenton Company's total assets were $262.000 and its total liabilities were $182,000. During the year. the company reported total revenues of $107,000, total expenses of $83,000 and dividends of $12,000. There were no other changes in equity during the year and total assets at the end of the year were $274,000. Trenton Company's debt ratio at the end of the current year is: Andrea Apple opened Apple Photography on January 1 of the...
Radar Repair Company opened on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books: 1. Rick Radar, the sole stockholder, invested $15,000 cash in the business in exchange for common stock. 2. Rick contributed $22,000 of equipment to the business in exchange for common stock. 3. The company provided $8,000 of services to customers on account. 4. The company paid $1,000 cash to rent office space for the month of...
Radar Repair Company opened on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books: 1. Rick Radar, the sole stockholder, invested $20,000 cash in the business in exchange for common stock. 2. Rick contributed $2,000 of equipment to the business in exchange for common stock. 3. The company provided $8,000 of services to customers on account. 4. The company paid $2,000 cash to rent office space for the month of...
Wiley Hill opened Hill's Repairs on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books: 1. Wiley, the sole stockholder, invested $37.000 cash in the business in exchange for common stock 2 Wiley contributed $112.000 of equipment to the business in exchange for common stock 3. The company paid $3,200 cash to rent office space for the month of March. 4. The company received $28,000 cash for repair services provided...
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