Homework Answers
1: Assets would have Increased $71,000.
2: Assets decrease $49,000, Equity Decrease $49,000.
3: $ 302,000. ( 291,000 + 68,000 - 57000 )
4: $22,000. (Total revenue - Total Expense = Net income,
89,000 - 67,000 = 22,000.)
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answer all please also last option is covered so answer could be
not in pic for...
answer all plz. also not all the multiple choices are in the pic so ur answer...
answer all plz. also not all the multiple choices are in the
pic so ur answer could not be in pic and still be correct.
Alicia Tax Services paid $580 to settle an account payable. Which of the following general journal entries will Alicia Tax Services make to record this transaction? Multiple Choice Debit Accounts payable $580, credit Cash, $580. Debit Office supplies, $580, credit Accounts payable, $580 Debit Cash, 5580; credit Office supplies, $580 Debit Office supplies, $580; Credit...
indow Help 37% D Wed 7: Dsa Student Grades for Janaina Fernando: 6192-ACCT-2301-Prin of Financial Saved...
indow Help 37% D Wed 7: Dsa Student Grades for Janaina Fernando: 6192-ACCT-2301-Prin of Financial Saved Help Save& Exit Submi MC Qu. 190 If a company has excess... If a company has excess space in its building that it rents to another company for $700, what is the effect on the accounting equation during the first month? Multiple Choice Assets would decrease $700 and liabilieies would decrease $700 Assets would decrease $700 and equity would increase $700. Assets would increase...
^ last answer is 16,800(its cut off) A company began the year with assets of $107.000,...
^ last answer is 16,800(its cut off)
A company began the year with assets of $107.000, liabilities of $23,500, and stockholders' equity of $83,500. During the year assets increased $55,700 and stockholders' equity increased $21,400. What was the change in liabilities for the year? Multiple Choice o increase of $77300 Decrease of $77100 O Increase of $34.300 O Decrease of $34,300 < Prev 5 of 32 Next > Which of the following would appear in the cash flows from operating...
ndow Help 39% D Wed 7:26 Dsa Student Grades for Janaina Fernando: 6192-ACCT-2301-Prin of Financial Acc...
ndow Help 39% D Wed 7:26 Dsa Student Grades for Janaina Fernando: 6192-ACCT-2301-Prin of Financial Acc Help Save&Exit Submit MC Qu. 194 Billington Corp. borrows... Bilington Corp. borrows $80,000 cash from Second National Bank. How does this transaction affect the accounting equation for Billington? Multiple Choice Assets would decrease $80,000 and sabilities would decrease $80,000 Assets would decrease $80,000 and equity would increase $80.00o. Assets would increase 180,000 and equity would decrease $80,000 Assets would increase $80.000 and labilbes would...
Saved Help Save & Exit Su Duluth Co. collected a $6,000 cash advance from a customer...
Saved Help Save & Exit Su Duluth Co. collected a $6,000 cash advance from a customer on November 1, Year 1 for work to be performed over a six-month period beginning on that date. If the year-end adjustment is properly recorded, what will be the effect of the adjusting entry on Duluth's Year 1 financial statements? Multiple Choice Increase assets and decrease liabilities Increase assets and increase revenues Decrease liabilities and increase revenues No effect
onnect Assis Ch 13 Quiz newconnect.mheducation.com Saved Help Save & Exit TB MC Qu. 13-116 Jones...
onnect Assis Ch 13 Quiz newconnect.mheducation.com Saved Help Save & Exit TB MC Qu. 13-116 Jones Corp. reported current assets... Jones Corp. reported current assets of $193,000, current liabilities of $137,000, and total liabilities of $275, 714 on its most recent balance sheet. The current ratio is: Multiple Choice o o O 0.3-1. Prev 10 of 20 !! Next >
11 Saved Help Save & Exit The following question is an Error Analysis question related to...
11 Saved Help Save & Exit The following question is an Error Analysis question related to the adjustment process. Please note: Do not overthink the scenario. Instead, deal only with the facts provided. The financial statement effects being requested in any given scenario are for the current period only. "The company will pay staff members next period for work performed in the current period. When recording the adjustment entry in the current period, the owner recorded the wages as if...
TB MC Qu. 01-113 If a company uses... 2. If a company uses $1.410 of its...
TB MC Qu. 01-113 If a company uses... 2. If a company uses $1.410 of its cash to purchase supplies, the effect on the accounting equation would be: 1 point Multiple Choice Assets increase $1410 and liabilities decrease $1410 References One asset increases $1410 and another set decreases $1.410, causing no effect Assets decrease $1.410 and equity decreases $1410 Assets decrease $1.410 and equity increases $1.410 Assets increase $1410 and liabilities increase $1410
If liabilities are $53,000 and assets are $173,500, then equity equals: Multiple Choice $120,500 $173,500 $226,500...
If liabilities are $53,000 and assets are $173,500, then equity equals: Multiple Choice $120,500 $173,500 $226,500 $53,000 If the liabilities of a business increased $83,000 during a period of time and the equity in the business decreased $34,000 during the same period, the assets of the business must have: Multiple Choice Decreased $117,000 Decreased $49,000 Increased $49,000 Beta Corporation purchased $160,000 worth of land by paying 16,000 cash and signing a $144,000 mortgage. Immediately prior to this transaction the corporation...
View History Bookmarks Window Help 슬 newconnectrteducation.com Exam 1 6 Help Save &Exit Submi MC Qu....
View History Bookmarks Window Help 슬 newconnectrteducation.com Exam 1 6 Help Save &Exit Submi MC Qu. 162 Refer to the following selected financial. Refer to the following selected financial information from McCormik, LLC. Compute the company's days sales uncollected for Year 2. (Use 365 days a year.) Year 2 Year 1 37,700 32,450 Short-term investments 92,000 61,000 Accounts receivable, net 86,500 80,500 122,000 126,000 12,300 9,900 389,000 339,000 112,400 108,800 712,000 677,000 391,000 376,000 Cash Merchandise inventory Prepaid expenses Plant...
answer all plz. also not all the multiple choices are in the
pic so ur answer could not be in pic and still be correct.
Alicia Tax Services paid $580 to settle an account payable. Which of the following general journal entries will Alicia Tax Services make to record this transaction? Multiple Choice Debit Accounts payable $580, credit Cash, $580. Debit Office supplies, $580, credit Accounts payable, $580 Debit Cash, 5580; credit Office supplies, $580 Debit Office supplies, $580; Credit...
indow Help 37% D Wed 7: Dsa Student Grades for Janaina Fernando: 6192-ACCT-2301-Prin of Financial Saved Help Save& Exit Submi MC Qu. 190 If a company has excess... If a company has excess space in its building that it rents to another company for $700, what is the effect on the accounting equation during the first month? Multiple Choice Assets would decrease $700 and liabilieies would decrease $700 Assets would decrease $700 and equity would increase $700. Assets would increase...
^ last answer is 16,800(its cut off)
A company began the year with assets of $107.000, liabilities of $23,500, and stockholders' equity of $83,500. During the year assets increased $55,700 and stockholders' equity increased $21,400. What was the change in liabilities for the year? Multiple Choice o increase of $77300 Decrease of $77100 O Increase of $34.300 O Decrease of $34,300 < Prev 5 of 32 Next > Which of the following would appear in the cash flows from operating...
ndow Help 39% D Wed 7:26 Dsa Student Grades for Janaina Fernando: 6192-ACCT-2301-Prin of Financial Acc Help Save&Exit Submit MC Qu. 194 Billington Corp. borrows... Bilington Corp. borrows $80,000 cash from Second National Bank. How does this transaction affect the accounting equation for Billington? Multiple Choice Assets would decrease $80,000 and sabilities would decrease $80,000 Assets would decrease $80,000 and equity would increase $80.00o. Assets would increase 180,000 and equity would decrease $80,000 Assets would increase $80.000 and labilbes would...
Saved Help Save & Exit Su Duluth Co. collected a $6,000 cash advance from a customer on November 1, Year 1 for work to be performed over a six-month period beginning on that date. If the year-end adjustment is properly recorded, what will be the effect of the adjusting entry on Duluth's Year 1 financial statements? Multiple Choice Increase assets and decrease liabilities Increase assets and increase revenues Decrease liabilities and increase revenues No effect
onnect Assis Ch 13 Quiz newconnect.mheducation.com Saved Help Save & Exit TB MC Qu. 13-116 Jones Corp. reported current assets... Jones Corp. reported current assets of $193,000, current liabilities of $137,000, and total liabilities of $275, 714 on its most recent balance sheet. The current ratio is: Multiple Choice o o O 0.3-1. Prev 10 of 20 !! Next >
11 Saved Help Save & Exit The following question is an Error Analysis question related to the adjustment process. Please note: Do not overthink the scenario. Instead, deal only with the facts provided. The financial statement effects being requested in any given scenario are for the current period only. "The company will pay staff members next period for work performed in the current period. When recording the adjustment entry in the current period, the owner recorded the wages as if...
TB MC Qu. 01-113 If a company uses... 2. If a company uses $1.410 of its cash to purchase supplies, the effect on the accounting equation would be: 1 point Multiple Choice Assets increase $1410 and liabilities decrease $1410 References One asset increases $1410 and another set decreases $1.410, causing no effect Assets decrease $1.410 and equity decreases $1410 Assets decrease $1.410 and equity increases $1.410 Assets increase $1410 and liabilities increase $1410
If liabilities are $53,000 and assets are $173,500, then equity equals: Multiple Choice $120,500 $173,500 $226,500 $53,000 If the liabilities of a business increased $83,000 during a period of time and the equity in the business decreased $34,000 during the same period, the assets of the business must have: Multiple Choice Decreased $117,000 Decreased $49,000 Increased $49,000 Beta Corporation purchased $160,000 worth of land by paying 16,000 cash and signing a $144,000 mortgage. Immediately prior to this transaction the corporation...
View History Bookmarks Window Help 슬 newconnectrteducation.com Exam 1 6 Help Save &Exit Submi MC Qu. 162 Refer to the following selected financial. Refer to the following selected financial information from McCormik, LLC. Compute the company's days sales uncollected for Year 2. (Use 365 days a year.) Year 2 Year 1 37,700 32,450 Short-term investments 92,000 61,000 Accounts receivable, net 86,500 80,500 122,000 126,000 12,300 9,900 389,000 339,000 112,400 108,800 712,000 677,000 391,000 376,000 Cash Merchandise inventory Prepaid expenses Plant...
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