Homework Answers
| Assets | Liabilities | Stockholders’ | Equity | ||||
| Cash | Accounts Receivable | Supplies | Accounts Payable | Bonds Payable | Common Stock | Retained Earnings | |
| 1 | 60200 | 60200 | |||||
| 2 | -9240 | -9240 | |||||
| 3 | 14500 | -14500 | |||||
| 4 | 3300 | 3300 |
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View Policies Current Attempt in Progress During 2022, Whispering Winds Corp. entered into the following transactions....
View Policies Current Attempt in Progress During 2022, Sunland Company entered into the following transactions. 1....
View Policies Current Attempt in Progress During 2022, Sunland Company entered into the following transactions. 1. Purchased equipment for $288,950 cash. 2. Issued common stock to investors for $139,510 cash. 3. Purchased inventory of $64,750 on account. Using the following tabular analysis, show the effect of each transaction on the accounting equation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset,...
In Accounting Current Attempt in Progress During 2022, Riverbed Corp entered into the following transactions. 1....
In Accounting
Current Attempt in Progress During 2022, Riverbed Corp entered into the following transactions. 1. Borrowed $61,100 by issuing bonds. 2. Paid $8,880 cash dividend to stockholders. 3. Received $18,700 cash from a previously billed customer for services performed. 4. Purchased supplies on account for $2,600. Using the following tabular analysis, show the effect of each transaction on the accounting equation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses)...
In Accounting Question 3 View Policies Current Attempt in Progress During 2022, Oriole Company entered into...
In Accounting
Question 3 View Policies Current Attempt in Progress During 2022, Oriole Company entered into the following transactions. 1. Purchased equipment for $315,300 cash. 2. Issued common stock to investors for $138,710 cash. 3. Purchased inventory of $70,260 on account. Using the following tabular analysis, show the effect of each transaction on the accounting equation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered...
Question 2 of 6 > -/1 E View Policies Current Attempt in Progress Barbara Jones opened...
Question 2 of 6 > -/1 E View Policies Current Attempt in Progress Barbara Jones opened a law office on July 1, 2020. On July 31, the balance sheet showed Cash $6,000, Accounts Receivable $1,600, Supplies $400. Equipment $6.000. Accounts Payable $4.000. and Owner's Capital $10,000. During August, the following transactions occurred. DONO UN Collected $1.300 of accounts receivable. Paid $2.500 cash on accounts payable. Recognized revenue of $8.700, of which $2.100 is collected in cash and the balance is...
Current Attempt in Progress During 2017, Ivanhoe Company entered into the following transactions. Purchased equipment for...
Current Attempt in Progress During 2017, Ivanhoe Company entered into the following transactions. Purchased equipment for $297,550 cash. Issued common stock to investors for $138,090 cash. Purchased inventory of $72,350 on account. 1. 2 3. Using the following tabular analysis show the effect of each transaction on the accounting equation. For Retained Earnings, use separate columns for Revenues, Expenses, and Dividends if necessary. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or...
All the photos are connected View Policies Current Attempt in Progress During 2022, its first year...
All the photos are
connected
View Policies Current Attempt in Progress During 2022, its first year of operations as a delivery service, Bramble Corp. entered into the following transactions. 1. 2. 3. 4 5. Issued shares of common stock to investors in exchange for $145,000 in cash. Borrowed $48,000 by issuing bonds. Purchased delivery trucks for $54.000 cash. Received $16,000 from customers for services performed. Purchased supplies for $4,300 on account Paid rent of $4,800. Performed services on account for...
During 2022, Flounder Corp. entered into the following transactions. 1. Borrowed 563,900 by issuing bonds. 2....
During 2022, Flounder Corp. entered into the following transactions. 1. Borrowed 563,900 by issuing bonds. 2. Paid $8,610 cash dividend to stockholders. 3. Received $14,000 cash from a previously billed customer for services performed. 4. Purchased supplies on account for $3,100. Using the following tabular analysis, show the effect of each transaction on the accounting equation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered...
Question 3 View Policies Current Attempt in Progress During 2022, its first year of operations as...
Question 3 View Policies Current Attempt in Progress During 2022, its first year of operations as a delivery service, Monty Corp.entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $109,000 in cash. 2. Borrowed $53,000 by issuing bonds. 3. Purchased delivery trucks for $60,000 cash. 4. Received $14,000 from customers for services performed. 5. Purchased supplies for $4,100 on account. 6. Paid rent of $6,200. 7. Performed services on account for $11.900. 8....
1. View Policies Current Attempt in Progress Sandhill Co, entered into these transactions during May 2022,...
1. View Policies Current Attempt in Progress Sandhill Co, entered into these transactions during May 2022, its first month of operations. Stockholders invested $45,000 in the business in exchange for common stock of the company. 2. Purchased computers for office use for $26,700 from Ladd on account. Paid $3,000 cash for May rent on storage space. Performed computer services worth $15,100 on account. Performed computer services for Wharton Construction Company for $6,000 cash. 6. Paid Western States Power Co. $7,500...
Current Attempt in Progress Ivanhoe Company has delivery equipment that cos: 553.300 and has been depreciated...
Current Attempt in Progress Ivanhoe Company has delivery equipment that cos: 553.300 and has been depreciated $24500 Prepare a tabular summary to record the disposat under the following assumptions It was scrapped as having no value foransactions decrease in Assets Liabilities or Stockholders'Eguilty place a native sin for parentheses in front of the amount entered for the articular biliyor Equity item that was reduced) Assets Liabilities Cash Equipment Accum. Depr.. Equip Bal $ $ $ e Textbook and Media It...
View Policies Current Attempt in Progress During 2022, Sunland Company entered into the following transactions. 1. Purchased equipment for $288,950 cash. 2. Issued common stock to investors for $139,510 cash. 3. Purchased inventory of $64,750 on account. Using the following tabular analysis, show the effect of each transaction on the accounting equation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset,...
In Accounting
Current Attempt in Progress During 2022, Riverbed Corp entered into the following transactions. 1. Borrowed $61,100 by issuing bonds. 2. Paid $8,880 cash dividend to stockholders. 3. Received $18,700 cash from a previously billed customer for services performed. 4. Purchased supplies on account for $2,600. Using the following tabular analysis, show the effect of each transaction on the accounting equation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses)...
In Accounting
Question 3 View Policies Current Attempt in Progress During 2022, Oriole Company entered into the following transactions. 1. Purchased equipment for $315,300 cash. 2. Issued common stock to investors for $138,710 cash. 3. Purchased inventory of $70,260 on account. Using the following tabular analysis, show the effect of each transaction on the accounting equation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered...
Question 2 of 6 > -/1 E View Policies Current Attempt in Progress Barbara Jones opened a law office on July 1, 2020. On July 31, the balance sheet showed Cash $6,000, Accounts Receivable $1,600, Supplies $400. Equipment $6.000. Accounts Payable $4.000. and Owner's Capital $10,000. During August, the following transactions occurred. DONO UN Collected $1.300 of accounts receivable. Paid $2.500 cash on accounts payable. Recognized revenue of $8.700, of which $2.100 is collected in cash and the balance is...
Current Attempt in Progress During 2017, Ivanhoe Company entered into the following transactions. Purchased equipment for $297,550 cash. Issued common stock to investors for $138,090 cash. Purchased inventory of $72,350 on account. 1. 2 3. Using the following tabular analysis show the effect of each transaction on the accounting equation. For Retained Earnings, use separate columns for Revenues, Expenses, and Dividends if necessary. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or...
All the photos are
connected
View Policies Current Attempt in Progress During 2022, its first year of operations as a delivery service, Bramble Corp. entered into the following transactions. 1. 2. 3. 4 5. Issued shares of common stock to investors in exchange for $145,000 in cash. Borrowed $48,000 by issuing bonds. Purchased delivery trucks for $54.000 cash. Received $16,000 from customers for services performed. Purchased supplies for $4,300 on account Paid rent of $4,800. Performed services on account for...
During 2022, Flounder Corp. entered into the following transactions. 1. Borrowed 563,900 by issuing bonds. 2. Paid $8,610 cash dividend to stockholders. 3. Received $14,000 cash from a previously billed customer for services performed. 4. Purchased supplies on account for $3,100. Using the following tabular analysis, show the effect of each transaction on the accounting equation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered...
Question 3 View Policies Current Attempt in Progress During 2022, its first year of operations as a delivery service, Monty Corp.entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $109,000 in cash. 2. Borrowed $53,000 by issuing bonds. 3. Purchased delivery trucks for $60,000 cash. 4. Received $14,000 from customers for services performed. 5. Purchased supplies for $4,100 on account. 6. Paid rent of $6,200. 7. Performed services on account for $11.900. 8....
1. View Policies Current Attempt in Progress Sandhill Co, entered into these transactions during May 2022, its first month of operations. Stockholders invested $45,000 in the business in exchange for common stock of the company. 2. Purchased computers for office use for $26,700 from Ladd on account. Paid $3,000 cash for May rent on storage space. Performed computer services worth $15,100 on account. Performed computer services for Wharton Construction Company for $6,000 cash. 6. Paid Western States Power Co. $7,500...
Current Attempt in Progress Ivanhoe Company has delivery equipment that cos: 553.300 and has been depreciated $24500 Prepare a tabular summary to record the disposat under the following assumptions It was scrapped as having no value foransactions decrease in Assets Liabilities or Stockholders'Eguilty place a native sin for parentheses in front of the amount entered for the articular biliyor Equity item that was reduced) Assets Liabilities Cash Equipment Accum. Depr.. Equip Bal $ $ $ e Textbook and Media It...
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