Homework Answers
Ans B
$13000
15000 +2500-1000-3500
= $13000
The cash balance after these transactions is 13000
Add Answer to:
JUO The Cash T-account had a debit balance of $15,000 on January 1. From January 2...
In January, Tongo, Inc., a branding consultant, had the following transactions. a. Received $15,000 cash for...
In January, Tongo, Inc., a branding consultant, had the
following transactions.
a.
Received $15,000 cash for consulting services rendered in
January.
b.
Issued common stock to investors for $12,000 cash.
c.
Purchased $16,000 of equipment, paying 25 percent in cash and
owing the rest on a note due in 2 years.
d.
Received $8,300 cash for consulting services to be performed
in February.
e.
Bought $1,230 of supplies on account.
f.
Received utility bill for January for $1,500, due February...
On January 1, Pulse Recording Studio (PRS) had the following account balances. Accounts Payable $ 8,200...
On January 1, Pulse Recording Studio (PRS) had the following
account balances.
Accounts Payable
$
8,200
Accounts Receivable
6,900
Accumulated Depreciation—Equipment
6,700
Cash
3,640
Cash Equivalents
1,640
Common Stock
10,400
Deferred Revenue
3,900
Equipment
30,300
Notes Payable (long-term)
12,400
Prepaid Rent
3,420
Retained Earnings
4,810
Supplies
510
The following transactions occurred during January.
Received $2,420 cash on 1/1 from customers on account for
recording services completed in December.
Wrote checks on 1/2 totaling $4,370 for amounts owed on account
at...
Entries into T accounts and Trial Balance Marjorie Knaus, an architect, organized Knaus Architects on January...
Entries into T accounts and Trial Balance Marjorie Knaus, an architect, organized Knaus Architects on January 1, 20Y4. During the month, Knaus Architects completed the following tra a. Issued common stock to Marjorie Knaus in exchange for $30,000. b. Paid January rent for office and workroom, $2,500. c. Purchased used automobile for $28,500, paying $6,000 cash and giving a note payable for the remainder. d. Purchased office and computer equipment on account, $8,000. e. Paid cash for supplies, $2,100. f....
Maldanada Company has a balance in its Accounts Payable control account of $10,500 on January 1,...
Maldanada Company has a balance in its Accounts Payable control account of $10,500 on January 1, 2020. The subsidiary ledger contains three accounts: Smith Company, balance $3,000; White Company, balance $2,500 and Marino Company. During January, the following payable-related transactions occurred. Smith Company White Company Marino Company Purchases $8,500 5,250 6,100 Payments $6,000 2,500 6,250 Returns $ -0- 1,500 What was the January 1 Balance in the Marino Co. Subsidiary account? What is the January 31 Balance in the control...
In January, Tongo, Inc., a branding consultant, had the following transactions. a. Received $15,000 cash for...
In January, Tongo, Inc., a branding consultant, had the
following transactions.
a.
Received $15,000 cash for consulting services rendered in
January.
b.
Issued common stock to investors for $12,000 cash.
c.
Purchased $16,000 of equipment, paying 25 percent in cash and
owing the rest on a note due in 2 years.
d.
Received $8,300 cash for consulting services to be performed
in February.
e.
Bought $1,230 of supplies on account.
f.
Received utility bill for January for $1,500, due February...
As of January 1, Year 2, Concepts Inc. had a balance of $4,500 in Cash and...
As of January 1, Year 2, Concepts Inc. had a balance of $4,500 in Cash and $2,500 in Common Stock, and $2,000 in Retained Earnings. These were the only accounts with balances at the beginning of Year 2. Further analysis of the company’s cash account indicated that during Year 2 the company had (1) net cash inflow from operating activities of $5,100, (2) net cash outflow for investing activities of $13,000, and (3) net cash inflow from financing activities of...
Set up T-accounts for the accounts on the trial balance. Account Titles Debit Credit Cash $...
Set up T-accounts for the accounts on the trial balance. Account Titles Debit Credit Cash $ 2 Accounts Receivable 6 Supplies 13 Land 0 Equipment 54 Accumulated Depreciation $ 5 Software 21 Accumulated Amortization 6 Accounts Payable 4 Notes Payable (short-term) 0 Salaries and Wages Payable 0 Interest Payable 0 Income Tax Payable 0 Common Stock 72 Retained Earnings 9 Service Revenue 0 Salaries and Wages Expense 0 Depreciation Expense 0 Amortization Expense 0 Income Tax Expense 0 Interest Expense...
Entries into T accounts and Trial Balance Marjorie Knaus, an architect, organized Knaus Architects on January...
Entries into T accounts and Trial Balance Marjorie Knaus, an architect, organized Knaus Architects on January 1, 20Y4. During the month, Knaus Architects completed the following transactions: Issued common stock to Marjorie Knaus in exchange for $30,000. Paid January rent for office and workroom, $2,500. Purchased used automobile for $28,500, paying $6,000 cash and giving a note payable for the remainder. Purchased office and computer equipment on account, $8,000. Paid cash for supplies, $2,100. Paid cash for annual insurance policies,...
On January 1, Pulse Recording Studio (PRS) had the following account balances. Accounts Payable $ 8,200...
On January 1, Pulse Recording Studio (PRS) had the following
account balances.
Accounts Payable
$
8,200
Accounts Receivable
6,900
Accumulated Depreciation—Equipment
6,700
Cash
3,640
Cash Equivalents
1,640
Common Stock
10,400
Deferred Revenue
3,900
Equipment
30,300
Notes Payable (long-term)
12,400
Prepaid Rent
3,420
Retained Earnings
4,810
Supplies
510
The following transactions occurred during January.
Received $2,420 cash on 1/1 from customers on account for
recording services completed in December.
Wrote checks on 1/2 totaling $4,370 for amounts owed on account
at...
prepare a balance sheet Raider Consulting Corp began operations on January 1, 2020. They issued 13,500...
prepare a balance sheet
Raider Consulting Corp began operations on January 1, 2020. They issued 13,500 shares of $2 par value common stock. Chart of Accounts: 11 Cash 12 Accounts Receivable 14 Supplies 15 Prepaid Rent 16 Prepaid Insurance 18 Office Equipment 19 Accumulated Depreciation 21 Accounts Payable 22 Salaries Payable 23 Unearned Fees 31 Common Stock, $2 par 32 Paid in Capital in Excess of Par 33 Retained Earnings 34 Dividends Declared 41 Fees Earned 51 Salaries Exp 52...
In January, Tongo, Inc., a branding consultant, had the
following transactions.
a.
Received $15,000 cash for consulting services rendered in
January.
b.
Issued common stock to investors for $12,000 cash.
c.
Purchased $16,000 of equipment, paying 25 percent in cash and
owing the rest on a note due in 2 years.
d.
Received $8,300 cash for consulting services to be performed
in February.
e.
Bought $1,230 of supplies on account.
f.
Received utility bill for January for $1,500, due February...
On January 1, Pulse Recording Studio (PRS) had the following
account balances.
Accounts Payable
$
8,200
Accounts Receivable
6,900
Accumulated Depreciation—Equipment
6,700
Cash
3,640
Cash Equivalents
1,640
Common Stock
10,400
Deferred Revenue
3,900
Equipment
30,300
Notes Payable (long-term)
12,400
Prepaid Rent
3,420
Retained Earnings
4,810
Supplies
510
The following transactions occurred during January.
Received $2,420 cash on 1/1 from customers on account for
recording services completed in December.
Wrote checks on 1/2 totaling $4,370 for amounts owed on account
at...
Entries into T accounts and Trial Balance Marjorie Knaus, an architect, organized Knaus Architects on January 1, 20Y4. During the month, Knaus Architects completed the following tra a. Issued common stock to Marjorie Knaus in exchange for $30,000. b. Paid January rent for office and workroom, $2,500. c. Purchased used automobile for $28,500, paying $6,000 cash and giving a note payable for the remainder. d. Purchased office and computer equipment on account, $8,000. e. Paid cash for supplies, $2,100. f....
Maldanada Company has a balance in its Accounts Payable control account of $10,500 on January 1, 2020. The subsidiary ledger contains three accounts: Smith Company, balance $3,000; White Company, balance $2,500 and Marino Company. During January, the following payable-related transactions occurred. Smith Company White Company Marino Company Purchases $8,500 5,250 6,100 Payments $6,000 2,500 6,250 Returns $ -0- 1,500 What was the January 1 Balance in the Marino Co. Subsidiary account? What is the January 31 Balance in the control...
In January, Tongo, Inc., a branding consultant, had the
following transactions.
a.
Received $15,000 cash for consulting services rendered in
January.
b.
Issued common stock to investors for $12,000 cash.
c.
Purchased $16,000 of equipment, paying 25 percent in cash and
owing the rest on a note due in 2 years.
d.
Received $8,300 cash for consulting services to be performed
in February.
e.
Bought $1,230 of supplies on account.
f.
Received utility bill for January for $1,500, due February...
On January 1, Pulse Recording Studio (PRS) had the following
account balances.
Accounts Payable
$
8,200
Accounts Receivable
6,900
Accumulated Depreciation—Equipment
6,700
Cash
3,640
Cash Equivalents
1,640
Common Stock
10,400
Deferred Revenue
3,900
Equipment
30,300
Notes Payable (long-term)
12,400
Prepaid Rent
3,420
Retained Earnings
4,810
Supplies
510
The following transactions occurred during January.
Received $2,420 cash on 1/1 from customers on account for
recording services completed in December.
Wrote checks on 1/2 totaling $4,370 for amounts owed on account
at...
prepare a balance sheet
Raider Consulting Corp began operations on January 1, 2020. They issued 13,500 shares of $2 par value common stock. Chart of Accounts: 11 Cash 12 Accounts Receivable 14 Supplies 15 Prepaid Rent 16 Prepaid Insurance 18 Office Equipment 19 Accumulated Depreciation 21 Accounts Payable 22 Salaries Payable 23 Unearned Fees 31 Common Stock, $2 par 32 Paid in Capital in Excess of Par 33 Retained Earnings 34 Dividends Declared 41 Fees Earned 51 Salaries Exp 52...
Most questions answered within 3 hours.
-
Assume one of your finals has 50 questions on it, and
lucky for you, it's all...
asked 1 hour ago -
Rice Products in Bangladesh
Business behavior is derived in large part from the basic cultural
environment...
asked 2 hours ago -
The following base sequence is found for a mRNA fragment from
wild-type E. coli: 5'- UAUCAGUAGAUAAUGUAACC-3'...
asked 2 hours ago -
For this exercise, round all regression parameters to three
decimal places.
One of the two tables...
asked 3 hours ago -
What is the 5% level of significance for mean = 3.60, standard
deviation = 0.94, and...
asked 3 hours ago -
Prior to beginning work on this discussion, please read the
article by Hayley Peterson, 15 Companies...
asked 3 hours ago -
Which pair of aqueous solutions, when mixed, will form a
precipitate?
A) NaNO3 and AgC2H3O2
B)...
asked 3 hours ago -
1-Write an algorithm to get two numbers from the user (as
inputs) and calculate the sum...
asked 7 hours ago -
Define white-collar crime. What is the difference between
offender and offense-based definitions of white-collar crime? What...
asked 7 hours ago -
Consider a reaction which is 1st order with respect to A and 1st
order with respect...
asked 8 hours ago -
c++
The length of the hypotenuse of a right-angled triangle is the
square root of the...
asked 8 hours ago -
When a metal rod is heated, not only its resistance but also its
length and cross‐sectional...
asked 8 hours ago