JONES SPA CORPORATION | ||
Trial Balance | ||
January 31 | ||
Account title | Debit | Credit |
Cash | $20,000 | |
Notes receivable | $33,400 | |
Equipment | $37,800 | |
Notes payable | $17,200 | |
Dividends payable | $3,400 | |
Common stock | $39,410 | |
Additional paid-in capital | $10,590 | |
Retained earnings | $20,600 | |
Totals | $91,200 | $91,200 |
Calculations:
Cash | Notes receivable | ||||||
Beg. Bal. | 7,900 | Beg. Bal. | 22,000 | ||||
a | 31,400 | 11,400 | b | b | 11,400 | ||
c | 600 | 8,500 | d | ||||
End. Bal. | 20,000 | ………… | End. Bal. | 33,400 | ………… | ||
Equipment | Notes payable | ||||||
Beg. Bal. | 15,800 | Beg. Bal. | 3,700 | ||||
d | 22,000 | 13,500 | d | ||||
End. Bal. | 37,800 | End. Bal. | 17,200 | ||||
Dividends payable | Common stock | ||||||
Beg. Bal. | 0 | Beg. Bal. | 8,000 | ||||
e | 3,400 | 31,400 | a | ||||
10 | c | ||||||
End. Bal. | 3,400 | End. Bal. | 39,410 | ||||
Additional paid-in capital | Retained earnings | ||||||
Beg. Bal. | 10,000 | Beg. Bal. | 24,000 | ||||
590 | c | e | 3,400 | ||||
End. Bal. | 10,590 | End. Bal. | 20,600 |
need answer ASAP please Following are the transactions of Jones Spa Corporation, for the month of...
Following are the transactions of Jones Spa Corporation, for the month of January. The effect of these transactions is not included in the begininng balances shown. a. Borrowed $31,400 from a local bank. b. Lent $11,400 to an affiliate; accepted a note due in one year. c. Sold to investors 100 additional shares of stock with a par value of $0.10 per share and a market price of $6 per share, received d. Purchased $22,000 of equipment, paying $8.500 cash...
Following are the transactions of JonesSpa Corporation, for the month of January. Borrowed $26,500 from a local bank. Lent $11,000 to an affiliate; accepted a note due in one year. Sold to investors 110 additional shares of stock with a par value of $0.10 per share and a market price of $10 per share; received cash. Purchased $34,000 of equipment, paying $5,700 cash and signing a note for the rest due in one year. Declared $1,800 in cash dividends to...
Following are the transactions of Dennen Inc. for the month of January 2018. The effect of these transactions is not included in the begininng balances shown. a. Borrowed $30,000 from a local bank. b. Lent $10,000 to an affiliate; accepted a note due in one year. c. Sold 100 additional shares to investors for $500 cash. d. Purchased $15,000 of equipment, paying $5,000 cash and signing a note for the rest due in one year. e. Declared and paid $2,000...
this is one question Following are the transactions of JonesSpa Corporation, for the month of January a. Borrowed $25,000 from a local bank. b. Lent $9,000 to an affiliate, accepted a note due in one year, c. Sold to investors 60 additional shares of stock with a par value of $0.10 per share and a market price of $10 per share; received d. Purchased $19,000 of equipment, paying $4,100 cash and signing a note for the rest due in one...
Following are the transactions of JonesSpa Corporation, for the month of January a. Borrowed $25,000 from a local bank. b. Lent $9,000 to an affiliate; accepted a note due in one year, c. Sold to investors 60 additional shares of stock with a par value of $0.10 per share and a market price of $10 per share; received cash. d. Purchased $19,000 of equipment, paying $4,100 cash and signing a note for the rest due in one year. e. Declared...
Following are the transactions of JonesSpa Corporation, for the month of January a. Borrowed $21,000 from a local bank. b. Lent $7,700 to an affiliate; accepted a note due in one year. c. Sold to investors 110 additional shares of stock with a par value of $0.10 per share and a market price of $30 per share; received cash. d. Purchased $20,000 of equipment, paying $5,300 cash and signing a note for the rest due in one year. e. Declared...
Following are the transactions of JonesSpa Corporation, for the month of January. a. Borrowed $25,000 from a local bank. b. Lent $8,400 to an affiliate; accepted a note due in one year. c. Sold to investors 100 additional shares of stock with a par value of $0.10 per share and a market price of $25 per share; received cash. d. Purchased $24,000 of equipment, paying $4,700 cash and signing a note for the rest due in one year. e. Declared...
Following are the transactions of JonesSpa Corporation, for the month of January a. Borrowed $26,500 from a local bank. b. Lent $7,100 to an affiliate; accepted a note due in one year. c. Sold to investors 100 additional shares of stock with a par value of $0.10 per share and a market price of $15 per share; received cash. d. Purchased $18,000 of equipment, paying $5,400 cash and signing a note for the rest due in one year. e. Declared...
Following are the transactions of JonesSpa Corporation, for the month of January. a. Borrowed $24,000 from a local bank. b. Lent $7,700 to an affiliate; accepted a note due in one year. c. Sold to investors 90 additional shares of stock with a par value of $0.10 per share and a market price of $10 per share; received cash. d. Purchased $19,500 of equipment, paying $4,000 cash and signing a note for the rest due in one year. e. Declared...
Following are the transactions of JonesSpa Corporation, for the month of January. a. Borrowed $26,500 from a local bank. b. Lent $8,500 to an affiliate; accepted a note due in one year. c. Sold to investors 80 additional shares of stock with a par value of $0.10 per share and a market price of $15 per share; received cash. d. Purchased $21,500 of equipment, paying $4,700 cash and signing a note for the rest due in one year. e. Declared...