Assets | Liabilities | Owner's equity | |
1 | 8410 | 8410 | |
2 | 4270 | ||
-4270 | |||
3 | 140 | -140 | |
4 | 540 | 540 | |
5 | 3200 | 3200 | |
6 | -900 | -900 | |
7 | -94 | -94 | |
8 | -600 | -600 | |
Question 6 Not checked Marked out of 16.00 Take me to the text Indicate whether the...
Question 1 Not checked Marked out of Take me to the text Indicate whether the terms of the accounting equation will increase, decrease or stay the same for each transaction by choosing the appropriate action from the drop down menu. If an item is not changed by the transaction, select the option "No Change." 30.00 Transaction 1) Paid salaries for the current month 2) Purchased equipment on credit. 3) Purchased furniture using cash. 4) Additional investment into the business. 5)...
Take me to the text Indicate whether increases and decreases in the following groups of a Group of Accounts Increase Decrease Liabilities Debit Owner's Equity Debit Expenses Owner's Withdrawals Revenues Assets Check O o ege 09/2019] ACCT 1210 Introduction to Accounting -Section 11874 Englm ourses / [Durham College 09/2019] ACCT 1210 Introduction to Accounting-Section 11874/ CHAPTER 4-The Accounting Cycle Journals and Ledgers/ Chapter 4 Quit You are the Owner of a business and go to the bank to arrange a...
Cash Opening Balances - November 1, 2018 $ 990 Accounts Receivable $1,000 Prepaid Expenses $ 310 Machinery Accounts Payable $ 1,460 Notes Payable $0 Irwin, Captial $ 4,140 $ 3,300 Required a) Indicate whether the account balances will increase or decrease and by how much, based on each transaction during November. The first transaction has been completed for you. Always ensure that the accounting equation is balanced. Do not enter dollar signs or commas in the input boxes. Use the...
Take me to the text Casey Diner's net income for the year ended October 31, 2020 was $99,000. Additional information is shown below. Interest expense on borrowing $7,300 Decrease in accounts receivable $13,200 Increase in beverage inventory $2,600 Increase in accounts payable $3,300 Dividends paid to common shareholders $19,900 Calculate the net cash provided (used) by operating activities using the indirect method. Do not enter dollar signs or commas in the input boxes. Use the negative sign for a decrease...
200 AME ENGAGE COLLEGE Take me to the text Empowered Solutions has the following balances as at June 30, 2016 Cash $ 23,000 $ 81,300 Tran, Capital Long-Term Portion of Bank Loan $9,000 Accounts Payable $ 11,300 $ 29,900 $9,400 Accounts Receivable Unearned Revenue Inventory $ 22,500 $9,000 Current Portion of Bank Loan Equipment $ 44,600 Required a) Prepare a classified balance sheet using the balances listed above. Do not enter dollar signs or commas in the input boxes Round...
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...
Take me to the text Nadine Hoop, Lilia Hopkin and Gary Short perform in a band operating as a partnership. According to the partnership agreement, Nadine receives a salary of $16.000. La receives a salary of $29.000, and Garya salary of $28.000. They are also to receive nominal interest of 5% on the capital at the end of the preceding year (capital balances are Nadine - $1,100, L - $11.000, Gary - $21.000 The remainder is divided equally. During the...
Eestion 6 ot yet nswered Marked out of 200 Flag question WA Computer Corporation had the following opening account balances at the end of April: Cash $5000, Accounts receivable $6000, Accounts payable $2000, Common shares $5000 and Retained earnings $4000. It entered the following transactions during the mont of May. Prepare a journal entry in good format for the following: 1 Purchased equipment on account for $8000 2 Paid $1600 for rent for the month of May 3 Provided computer...
Question 1 View Policies /1 Current Attempt in Progress Presented below are eight business transactions. Indicate the effect of each transaction on each element of the accounting equation (a) Purchased $259 of supplies on account. (b) Performed $497 of services on account. () Paid $291 of operating expenses. (d) Paid $259 cash on account for the supplies purchased in item (a) above. (e) Invested $1,191 cash in the business. () Owner withdrew $350 cash. (g) Hired an employee to start...
Take me to the text DC Hotel's net income for the year ended October 31, 2020 was $137,000. Additional data for the year is provided below. Purchase of property and equipment $256,000 Depreciation of property and equipment $17,200 Dividends declared $57,000 Decrease in beverage inventory $23,000 Loss on sale of equipment $14,000 Issue of common shares $13,300 Calculate the net cash provided (used) by operating activities using the indirect method. Do not enter dollar signs or commas in the input...