Question:note: boxes on the far right and far left are for letters of
events A-L
Sunny...
Question
note: boxes on the far right and far left are for letters of
events A-L
note: boxes on the far right and far left are for letters of
events A-L
Sunny...
Sunny Valley Stables Inc. was established on April 1, 2017. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant financial controller. The following transactions for April 2017 are provided for your review a. Received contributions from five investors of $260,000 in cash ($52.000 each b. Built a barn for $166,000 paid half the amount in cash on April and signed a three year note payable for the balance Provided $16.460 in animal care services for customers, all on credit d. Rented stables to customers who cared for their own animals received cash of $54.280 e Received from a customer $1800 to board her horse in May, June and July Record as Deferred Revenue t Purchased hay and feed supplies on account for $3.510 g Paid $960 in cash for water utilities incurred in the month h. Paid 51880 on accounts payable for previous purchases Received $120 from customers on accounts receivable Paid $4.480 in wages to employees who worked during the month k. At the end of the month, prepaid a two-year insurance policy for 54080 Received an electric utility bill for $1320 for usage in April bill will be paid next month Required: 1. & 2. Record in the T-accounts the effects of each transaction for Sunny Valley Stables in April, referencing each transaction in the ccounts with the transaction letter. All accounts begin with zero balances. Show the unadjusted ending balances in the accounts Cash Accounts Receivable Beg bal Beghel Endbal End bal Supplies Beg ba Behal En hal Nad > E e DELL
Sunny Valley Stables Inc. was established on April 1, 2017. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant financial controller. The following transactions for April 2017 are provided for your review a. Received contributions from five investors of $260,000 in cash (552,000 each b. Built a barn for $166,000 paid half the amount in cash on April and signed a three-year note payable for the balance...
Sunny Valley Stables Inc. was established on April 1, 2017. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant financial controller. The following transactions for April 2017 are provided for your review. a. Received contributions from five investors of $210,000 in cash ($42,000 each). b. Built a barn for $146,000; paid half the amount in cash on April 1 and signed a three-year note payable for the...
Spicewood Stables, Inc., was established in Dripping Springs,
Texas, on April 1. The company provides stables, care for animals,
and grounds for riding and showing horses. You have been hired as
the new assistant controller. The following transactions for April
are provided for your review.
Received contributions from investors and issued $240,000 of
common stock on April 1.
Acquired a barn for $149,000. On April 2, the company paid half
the amount in cash and signed a three-year note payable...
please create the T-Accounts
Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April are provided for your review. a. Received contributions from investors and issued $330,000 of common stock on April 1. b. Acquired a barn for $165,000. On April 2, the company paid half the amount in cash...
Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April are provided for your review. a. Received contributions from investors and issued $290,000 of common stock on April 1. b. Acquired a barn for $182.000. On April 2, the company paid half the amount in cash and signed a three-year...
Spicewood Stables, Inc., was established in Dripping Springs,
Texas, on April 1. The company provides stables, care for animals,
and grounds for riding and showing horses. You have been hired as
the new assistant controller. The following transactions for April
are provided for your review.
Received contributions from investors and issued $200,000 of
common stock on April 1.
Acquired a barn for $142,000. On April 2, the company paid half
the amount in cash and signed a three-year note payable...
Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April are provided for your review. a. Received contributions from investors and issued $290,000 of common stock on April 1. b. Acquired a barn for $182,000. On April 2, the company paid half the amount in cash and signed a three-year...
I need help filling out the rest of this please
Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April are provided for your review. a. Received contributions from investors and issued $230,000 of common stock on April 1. b. Acquired a barn for $180.000. On April 2. the company...
Revenue). Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April are provided for your review. a. Received contributions from investors and issued $170,000 of common stock on April 1. b. Acquired a barn for $233,000. On April 2, the company paid half the amount in cash and signed a...
Alpine Stables Inc. was established on April 1, 2020. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April 2020 are provided for your review: a Received contributions from five investors of S60,000 in cash (S12,000 each), a barn valued at $100,000, and land valued at $90,000. Each investor received 3,000 shares. b. Built a small barn for $62,000. The company paid...
Sunny Valley Stables Inc. was established on April 1, 2017. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant financial controller. The following transactions for April 2017 are provided for your review a. Received contributions from five investors of $260,000 in cash (552,000 each b. Built a barn for $166,000 paid half the amount in cash on April and signed a three-year note payable for the balance...
Sunny Valley Stables Inc. was established on April 1, 2017. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant financial controller. The following transactions for April 2017 are provided for your review. a. Received contributions from five investors of $210,000 in cash ($42,000 each). b. Built a barn for $146,000; paid half the amount in cash on April 1 and signed a three-year note payable for the...
Spicewood Stables, Inc., was established in Dripping Springs,
Texas, on April 1. The company provides stables, care for animals,
and grounds for riding and showing horses. You have been hired as
the new assistant controller. The following transactions for April
are provided for your review.
Received contributions from investors and issued $240,000 of
common stock on April 1.
Acquired a barn for $149,000. On April 2, the company paid half
the amount in cash and signed a three-year note payable...
please create the T-Accounts
Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April are provided for your review. a. Received contributions from investors and issued $330,000 of common stock on April 1. b. Acquired a barn for $165,000. On April 2, the company paid half the amount in cash...
Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April are provided for your review. a. Received contributions from investors and issued $290,000 of common stock on April 1. b. Acquired a barn for $182.000. On April 2, the company paid half the amount in cash and signed a three-year...
Spicewood Stables, Inc., was established in Dripping Springs,
Texas, on April 1. The company provides stables, care for animals,
and grounds for riding and showing horses. You have been hired as
the new assistant controller. The following transactions for April
are provided for your review.
Received contributions from investors and issued $200,000 of
common stock on April 1.
Acquired a barn for $142,000. On April 2, the company paid half
the amount in cash and signed a three-year note payable...
Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April are provided for your review. a. Received contributions from investors and issued $290,000 of common stock on April 1. b. Acquired a barn for $182,000. On April 2, the company paid half the amount in cash and signed a three-year...
I need help filling out the rest of this please
Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April are provided for your review. a. Received contributions from investors and issued $230,000 of common stock on April 1. b. Acquired a barn for $180.000. On April 2. the company...
Revenue). Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April are provided for your review. a. Received contributions from investors and issued $170,000 of common stock on April 1. b. Acquired a barn for $233,000. On April 2, the company paid half the amount in cash and signed a...
Alpine Stables Inc. was established on April 1, 2020. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April 2020 are provided for your review: a Received contributions from five investors of S60,000 in cash (S12,000 each), a barn valued at $100,000, and land valued at $90,000. Each investor received 3,000 shares. b. Built a small barn for $62,000. The company paid...