Homework Answers
| 1. | Increase stockholders' equity |
| 2. | Increase stockholders' equity |
| 3. | Decrease stockholders' equity |
| 4. | Decrease stockholders' equity |
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Effect of Transactions on Stockholders' Equity Indicate whether each of the following types of transactions will...
EX 1-11 Effect of transactions on stockholders' equity Obj. 4 Indicate whether each of the following...
EX 1-11 Effect of transactions on stockholders' equity Obj. 4 Indicate whether each of the following types of transactions will either (A) increase stockhold- ers' equity or (B) decrease stockholders' equity 1. expenses 2 issuing common stock in exchange for cash 3. dividends 4. revenues
Effect of Transactions on Accounting Equation What is the effect of each of the following transactions...
Effect of Transactions on Accounting Equation What is the effect of each of the following transactions on the three elements (assets, liabilities, and stockholders' equity) of the accounting equation? a. Invested cash in business in exchange for common stock. b. Paid for business expenses. c. Paid dividends. d. Purchased supplies on account. e. Received cash for services performed. th Decreases assets and decreases liabilities. Decreases assets and decreases stockholders' equity. Increases assets and increases stockholders' equity. Increases assets and increases...
2. $1,895,000 EX 1-6 Accounting equation Determine the missing amount for each of the following: Assets...
2. $1,895,000 EX 1-6 Accounting equation Determine the missing amount for each of the following: Assets abilities Stockholders' Equity - $550,000 + $1,345,000 b. 5776,500 - X + $588,800 C$14.750,000 - 54,455,000 + 54,120,000 EX 1-7 Accounting equation Obj. 3,4 Inspirational Inc. is a motivational consulting business. At the end of its accounting period, October 31, 20Y2, Inspirational has assets of $5,250,000 and liabilities of $1,600,000. Using the accounting equation and considering each case independently, determine the following amounts: a....
Analyze the effect of transactions o assets, liabilities, and stockholders equity. E3.2 (LO 1), AP Brady...
Analyze the effect of transactions o assets, liabilities, and stockholders equity. E3.2 (LO 1), AP Brady Company entered into these transactions during May 2022, its first month of operations. 1. Stockholders invested $40,000 in the business in exchange for common stock of the company. 2. Purchased computers for office use for $30,000 from Ladd on account. 3. Paid $4,000 cash for May rent on storage space. 4. Performed computer services worth $19,000 on account. 5. Performed computer services for Wharton...
the effect on assets, labilities, and stockholders' equity of the following three transactions. For each column,...
the effect on assets, labilities, and stockholders' equity of the following three transactions. For each column, indicate whether the transactions increased, decreased, or i Equity cash in the (b) Paid a cash dividend. c) Received cash from a oustomer who had previously been billed for services performed. Question Attempts: 0 of 2 answer this question c
Indicate the effect of each transaction on the accounting equation by choosing the appropriate letter from...
Indicate the effect of each transaction on the accounting equation by choosing the appropriate letter from the following list: Increase in an asset, decrease in another asset. Increase in an asset, increase in a liability. Increase in an asset, increase in stockholders' equity. Decrease in an asset, decrease in a liability. Decrease in an asset, decrease in stockholders' equity. 1. Received cash in exchange for common stock, $35,000. 2. Purchased supplies for cash, $1,100. 4. Paid advertising expense, $900. 5....
E2-6 E2-8 E2-10 and IL DILS CIC d. Stockholders' equiry, as of December 31, 2018, assuming...
E2-6
E2-8
E2-10
and IL DILS CIC d. Stockholders' equiry, as of December 31, 2018, assuming that assets increased by and liabilities decreased by $75,000 during 20YB. e. Net Income (or net loss) during 2048, assuming that as of December 31, 20YA... $1,275.000, liabilities were $290,000, and there were no dividends and no addition mon stock was issued. Obj. 2,4 E2-6 Effects of transactions on stockholders' equity For Target Corporation (TGT), indicate whether the following transactions would (1) (2) decrease,...
Laludo Transactions The selected transactions below were completed by Cota Delivery Service during July: Indicate the...
Laludo Transactions The selected transactions below were completed by Cota Delivery Service during July: Indicate the effect of each transaction on the accounting equation by choosing the appropriate letter from the following list: a. Increase in an asset, decrease in another asset. b. Increase in an asset, Increase in a liability. c. Increase in an asset, increase in stockholders' equity. d. Decrease in an asset, decrease in a liability. e. Decrease in an asset, decrease in stockholders' equity. 1. Received...
Current Attempt in Progress Selected transactions for Thyme Advertising Company, Inc. are listed here. Describe the...
Current Attempt in Progress Selected transactions for Thyme Advertising Company, Inc. are listed here. Describe the effect of each transaction on assets, liabilities, and stockholders' equity. 1. 2. 3. Issued common stock to investors in exchange for cash received from investors. Paid monthly rent Received cash from customers when service was performed. Billed customers for services performed. Paid dividend to stockholders. 4. 5. 6. Incurred advertising expense on account. 7. 8. Received cash from customers billed in (4). Purchased additional...
Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are...
Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows. 1. 2. 3. 4. 5. 6. 7. 8. Issued stock to investors for $14,600 in cash. Purchased used car for $10,100 cash for use in business. Purchased supplies on account for $340. Billed customers $5.510 for services performed Paid $150 cash for advertising start of the business Received $1,100 cash from customers billed in transaction (4) Paid creditor $420 cash on account....
EX 1-11 Effect of transactions on stockholders' equity Obj. 4 Indicate whether each of the following types of transactions will either (A) increase stockhold- ers' equity or (B) decrease stockholders' equity 1. expenses 2 issuing common stock in exchange for cash 3. dividends 4. revenues
Effect of Transactions on Accounting Equation What is the effect of each of the following transactions on the three elements (assets, liabilities, and stockholders' equity) of the accounting equation? a. Invested cash in business in exchange for common stock. b. Paid for business expenses. c. Paid dividends. d. Purchased supplies on account. e. Received cash for services performed. th Decreases assets and decreases liabilities. Decreases assets and decreases stockholders' equity. Increases assets and increases stockholders' equity. Increases assets and increases...
2. $1,895,000 EX 1-6 Accounting equation Determine the missing amount for each of the following: Assets abilities Stockholders' Equity - $550,000 + $1,345,000 b. 5776,500 - X + $588,800 C$14.750,000 - 54,455,000 + 54,120,000 EX 1-7 Accounting equation Obj. 3,4 Inspirational Inc. is a motivational consulting business. At the end of its accounting period, October 31, 20Y2, Inspirational has assets of $5,250,000 and liabilities of $1,600,000. Using the accounting equation and considering each case independently, determine the following amounts: a....
Analyze the effect of transactions o assets, liabilities, and stockholders equity. E3.2 (LO 1), AP Brady Company entered into these transactions during May 2022, its first month of operations. 1. Stockholders invested $40,000 in the business in exchange for common stock of the company. 2. Purchased computers for office use for $30,000 from Ladd on account. 3. Paid $4,000 cash for May rent on storage space. 4. Performed computer services worth $19,000 on account. 5. Performed computer services for Wharton...
the effect on assets, labilities, and stockholders' equity of the following three transactions. For each column, indicate whether the transactions increased, decreased, or i Equity cash in the (b) Paid a cash dividend. c) Received cash from a oustomer who had previously been billed for services performed. Question Attempts: 0 of 2 answer this question c
E2-6
E2-8
E2-10
and IL DILS CIC d. Stockholders' equiry, as of December 31, 2018, assuming that assets increased by and liabilities decreased by $75,000 during 20YB. e. Net Income (or net loss) during 2048, assuming that as of December 31, 20YA... $1,275.000, liabilities were $290,000, and there were no dividends and no addition mon stock was issued. Obj. 2,4 E2-6 Effects of transactions on stockholders' equity For Target Corporation (TGT), indicate whether the following transactions would (1) (2) decrease,...
Laludo Transactions The selected transactions below were completed by Cota Delivery Service during July: Indicate the effect of each transaction on the accounting equation by choosing the appropriate letter from the following list: a. Increase in an asset, decrease in another asset. b. Increase in an asset, Increase in a liability. c. Increase in an asset, increase in stockholders' equity. d. Decrease in an asset, decrease in a liability. e. Decrease in an asset, decrease in stockholders' equity. 1. Received...
Current Attempt in Progress Selected transactions for Thyme Advertising Company, Inc. are listed here. Describe the effect of each transaction on assets, liabilities, and stockholders' equity. 1. 2. 3. Issued common stock to investors in exchange for cash received from investors. Paid monthly rent Received cash from customers when service was performed. Billed customers for services performed. Paid dividend to stockholders. 4. 5. 6. Incurred advertising expense on account. 7. 8. Received cash from customers billed in (4). Purchased additional...
Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows. 1. 2. 3. 4. 5. 6. 7. 8. Issued stock to investors for $14,600 in cash. Purchased used car for $10,100 cash for use in business. Purchased supplies on account for $340. Billed customers $5.510 for services performed Paid $150 cash for advertising start of the business Received $1,100 cash from customers billed in transaction (4) Paid creditor $420 cash on account....
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