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0 Required information The following information applies to the questions displayed below. Prat Corp. started the 2018 accounting period with $32,000 of assets (all cash). $13,000 of liabilities, and $7,000 of common stock. During the year, the Retained Earnings account increased by $9,550. The bookkeeper reported that Prat paid cash expenses of $27,000 and paid a $2,200 cash dividend to the stockholders, but she could not find a record of the amount of cash that Prat received for performing services....
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0 Required information The following information applies to the questions displayed below. Prat Corp. started the 2018 accounting period with $32,000 of assets (all cash). $13,000 of liabilities, and $7,000 of common stock. During the year, the Retained Earnings account increased by $9,550. The bookkeeper reported that Prat paid cash expenses of $27,000 and paid a $2,200 cash dividend to the stockholders, but she could not find a record of the amount of cash that Prat received for performing services....
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Please answer and I will gladly give a thumbs up!
Prat Corp. started the 2018 accounting period with $33,000 of assets (all cash). $13,500 of liabilities, and $8,000 of common stock. During the year, the Retained Earnings account increased by $10,550. The bookkeeper reported that Prat paid cash expenses of $27,500 and paid a $2,300 cash dividend to the stockholders, but she could not find a record of the amount of cash that Prat received for performing services. Prat also...
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Please answer and I will gladly give a thumbs up!
Prat Corp. started the 2018 accounting period with $33,000 of assets (all cash). $13,500 of liabilities, and $8,000 of common stock. During the year, the Retained Earnings account increased by $10,550. The bookkeeper reported that Prat paid cash expenses of $27,500 and paid a $2,300 cash dividend to the stockholders, but she could not find a record of the amount of cash that Prat received for performing services. Prat also...
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Prat Corp, started the 2018 accounting period with $33,000 of assets (all cash), $13,500 of liabilities, and $8,000 of common stock. During the year, the Retained Earnings account increased by $10,550. The bookkeeper reported that Prat paid cash expenses of $27,500 and paid a $2,300 cash dividend to the stockholders, but she could not find a record of the amount of cash that Prat received for performing services. Prat also paid $6,000 cash to reduce the liability owed to the...
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Prat Corp. started the 2018 accounting period with $32,000 of
assets (all cash), $13,000 of liabilities, and $17,000 of common
stock. During the year, the Retained Earnings account increased by
$17,050. The bookkeeper reported that Prat paid cash expenses of
$32,000 and paid a $3,200 cash dividend to the stockholders, but
she could not find a record of the amount of cash that Prat
received for performing services. Prat also paid $6,500 cash to
reduce the liability owed to the...
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Required information [The following information applies to the questions displayed below.] Milea Inc. experienced the following events in 2018, its first year of operations: 1. Received $15,500 cash from the issue of common stock. 2. Performed services on account for $45,000. 3. Paid the utility expense of $1,300. 4. Collected $32,820 of the accounts receivable. 5. Recorded $5,250 of accrued salaries at the end of the year. 6. Paid a $1,300 cash dividend to the stockholders. Required a. Record the...
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Required information (The following information applies to the questions displayed below) Milea Inc. experienced the following events in 2018. its first year of operations: 1. Received $16.500 cash from the issue of common stock 2. Performed services on account for $45,000 3. Paid the utility expense of $1,400. 4. Collected $39,580 of the accounts receivable, 5. Recorded $7.400 of accrued salaries at the end of the year. 6. Paid a $1.250 cash dividend to the stockholders b. Prepare the income...
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Check my work 9 statements LO 1-2, 1-3, 1-5, 1-6, 1-7 [The following information applies to the questions displayed below.) Part 2 of 2 11.12 points Pratt Corp. started the Year 2 accounting period with total assets of $30,000 cash, $12,000 of liabilities, and $5,000 of retained earnings. During the Year 2 accounting period, the Retained Earnings account increased by $7,550. The bookkeeper reported that Pratt paid cash expenses of $26,000 and paid a $2,000 cash dividend to stockholders, but...
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Problem 1-34 Interrelationships among financial statements Prat Corp. started the 2018 accounting period with $30,000 of assets (all cash), $12,000 of liahili and $13.000 of common stock. During the year, the Retained Earnings account increased by $7. The bookkeeper reported that Pratt 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 of cash that Pratt received for pe ing services. Pratt also paid $3,000 acquired...
0 Required information The following information applies to the questions displayed below. Prat Corp. started the 2018 accounting period with $32,000 of assets (all cash). $13,000 of liabilities, and $7,000 of common stock. During the year, the Retained Earnings account increased by $9,550. The bookkeeper reported that Prat paid cash expenses of $27,000 and paid a $2,200 cash dividend to the stockholders, but she could not find a record of the amount of cash that Prat received for performing services....
0 Required information The following information applies to the questions displayed below. Prat Corp. started the 2018 accounting period with $32,000 of assets (all cash). $13,000 of liabilities, and $7,000 of common stock. During the year, the Retained Earnings account increased by $9,550. The bookkeeper reported that Prat paid cash expenses of $27,000 and paid a $2,200 cash dividend to the stockholders, but she could not find a record of the amount of cash that Prat received for performing services....
Please answer and I will gladly give a thumbs up!
Prat Corp. started the 2018 accounting period with $33,000 of assets (all cash). $13,500 of liabilities, and $8,000 of common stock. During the year, the Retained Earnings account increased by $10,550. The bookkeeper reported that Prat paid cash expenses of $27,500 and paid a $2,300 cash dividend to the stockholders, but she could not find a record of the amount of cash that Prat received for performing services. Prat also...
Please answer and I will gladly give a thumbs up!
Prat Corp. started the 2018 accounting period with $33,000 of assets (all cash). $13,500 of liabilities, and $8,000 of common stock. During the year, the Retained Earnings account increased by $10,550. The bookkeeper reported that Prat paid cash expenses of $27,500 and paid a $2,300 cash dividend to the stockholders, but she could not find a record of the amount of cash that Prat received for performing services. Prat also...
Prat Corp, started the 2018 accounting period with $33,000 of assets (all cash), $13,500 of liabilities, and $8,000 of common stock. During the year, the Retained Earnings account increased by $10,550. The bookkeeper reported that Prat paid cash expenses of $27,500 and paid a $2,300 cash dividend to the stockholders, but she could not find a record of the amount of cash that Prat received for performing services. Prat also paid $6,000 cash to reduce the liability owed to the...
Required information [The following information applies to the questions displayed below.] Milea Inc. experienced the following events in 2018, its first year of operations: 1. Received $15,500 cash from the issue of common stock. 2. Performed services on account for $45,000. 3. Paid the utility expense of $1,300. 4. Collected $32,820 of the accounts receivable. 5. Recorded $5,250 of accrued salaries at the end of the year. 6. Paid a $1,300 cash dividend to the stockholders. Required a. Record the...
Required information (The following information applies to the questions displayed below) Milea Inc. experienced the following events in 2018. its first year of operations: 1. Received $16.500 cash from the issue of common stock 2. Performed services on account for $45,000 3. Paid the utility expense of $1,400. 4. Collected $39,580 of the accounts receivable, 5. Recorded $7.400 of accrued salaries at the end of the year. 6. Paid a $1.250 cash dividend to the stockholders b. Prepare the income...
Check my work 9 statements LO 1-2, 1-3, 1-5, 1-6, 1-7 [The following information applies to the questions displayed below.) Part 2 of 2 11.12 points Pratt Corp. started the Year 2 accounting period with total assets of $30,000 cash, $12,000 of liabilities, and $5,000 of retained earnings. During the Year 2 accounting period, the Retained Earnings account increased by $7,550. The bookkeeper reported that Pratt paid cash expenses of $26,000 and paid a $2,000 cash dividend to stockholders, but...
Problem 1-34 Interrelationships among financial statements Prat Corp. started the 2018 accounting period with $30,000 of assets (all cash), $12,000 of liahili and $13.000 of common stock. During the year, the Retained Earnings account increased by $7. The bookkeeper reported that Pratt 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 of cash that Pratt received for pe ing services. Pratt also paid $3,000 acquired...