Homework Answers
Comment below if you have any query i will solve it asap !! thanks
Add Answer to:
Please help with correct answer and explaination if possible,
thx!(:
1. The total assets and the...
Please help with correct answer and explaination if possible, thx!(: 2. During June of the current...
Please help with correct answer and explaination if possible,
thx!(:
2. During June of the current year, Joan Star started Star Service Company. Record the following transactions in proper form: A. Issued capital stock to Joan Star in exchange for $20,000 B. Paid a month's rent of $1,500 C. Purchased office supplies on account for $700 D. Received $400 cash for services performed E. Paid wages in the amount of $1,350 F. Paid $280 to creditors on account G. Billed...
The total assets and the total liabilities of a business at the beginning and at the...
The total assets and the total liabilities of a business at the beginning and at the end of the year appear below. During the year, $100,000 of dividends were paid and $45,000 cash received in exchange for common stock. Beginning of year End of year Assets $295,000 355,000 Liabilities $190,000 220,000 The amount of net income for the year was $135,000 $85,000 $45,000 $40,000
Please help with correct answer and explaination if possible, thx!(: 4. The accountant for Monroe Company...
Please help with correct answer and explaination if possible,
thx!(:
4. The accountant for Monroe Company mistakenly omitted the adjusting entry to record accrued fees of $2,000 for services provided to customers and not yet billed. Indicate the effect of the error on the income statement and the balance sheet by inserting "overstated" or "understated" in the space provided. If an item is not affected, leave the space blank. Assets Liabilities Stockholders Equity Revenues Expenses Net Income I 5. What...
Please help with correct answer and explaination if possible, thx!(: 6. After all adjusting entries have...
Please help with correct answer and explaination if possible,
thx!(:
6. After all adjusting entries have been made and the financial statements have been prepared at the end of the fiscal year, salaries expenses has a debit of $305,500, supplies expense has a debit of $208,000, rent expense has a debit of $95,000, insurance expense has a debit of $87,000, and revenue has a credit of $839,000. At the same date, retained earnings has a credit balance of $319,500 and...
Please help with correct answer and explaination if possible, thx!(: 3. For each of the following,...
Please help with correct answer and explaination if possible,
thx!(:
3. For each of the following, journalize the necessary adjusting entry. A. Unpaid wages accrued were $4,000 B. The balance in the prepaid insurance account before adjustment at the end of the year is $12,000. The amount of insurance expired during the year is $8,500. C. The estimated depreciation on buildings for the year is $32,000. I
help please (Ch. 1-3) Saved Help A corporation had the following assets and liabilities at the...
help please
(Ch. 1-3) Saved Help A corporation had the following assets and liabilities at the beginning and end of this year Liabilities Assets Beginning of the year $ 57,446 134,000 176,000 End of the year 71,280 a. Owner made no investments in the business, and no dividends were paid during the year b. Owner made no investments in the business, but dividends were $1,000 cash per month. c. No dividends were paid during the year, but the owner did...
Consultants had the following balance sheet amounts at the beginning of 2012: Total Assets: 400,000 Common...
Consultants had the following balance sheet amounts at the beginning of 2012: Total Assets: 400,000 Common Stock: 50,000 Retained Earnings: 100,000 During the year, total assets increased by 120,000 and total liabilities increased by 40,000. Owners invested an additional 20,000 in exchange for common stock and the company paid out 30,000 in dividends. No other transactions occurred except revenues, which totaled 220,000 for the year, and expenses. Retained earnings on December 31, 2012 is?
Plumbers-on-the-Go Ltd. started the year with total assets of $120,000 and total liabilities of $75,000. During...
Plumbers-on-the-Go Ltd. started the year with total assets of $120,000 and total liabilities of $75,000. During the year, the business recorded $82,000 in service revenues. $45,000 in expenses, and paid dividends of $2.500. Shareholders' equity at the end of the year was Select one: $82.000 O $77.000 $79.500 O $45.000 Clear my choice BE1-10 Go Ahead Limited began the year with common shares of $100,000 and retained earnings of $350,000. During the year, it issued an additional $25,000 of common...
At the beginning of 2019, Huffer Corporation had total assets of $232,800, total liabilities of $84,200,...
At the beginning of 2019, Huffer Corporation had total assets of $232,800, total liabilities of $84,200, common stock of $86,000, and retained earnings of $62,600. During 2019, Huffer had net income of $42,750, paid dividends of $11,900, and issued additional common stock for $13,300. Huffer's total assets at the end of 2019 were $232,800. Required: Calculate the amount of liabilities that Huffer must have at the end of 2019 in order for the balance sheet equation to balance.
Toth Company had the following assets and liabilities on the dates indicated. December 31 Total Assets...
Toth Company had the following assets and liabilities on the dates indicated. December 31 Total Assets Total Liabilities 2019 $400,000 $260,000 2020 $480,000 $300,000 2021 $590,000 $400,000 Toth began business on January 1, 2019, with an investment of $100,000 from stockholders. From an analysis of the change in stockholders' equity during the year, compute the net income (or loss) for: (a) 2019, assuming Toth paid $15,000 in dividends for the year. Net income (loss) for 2019 55000 (b) 2020, assuming...
Please help with correct answer and explaination if possible,
thx!(:
2. During June of the current year, Joan Star started Star Service Company. Record the following transactions in proper form: A. Issued capital stock to Joan Star in exchange for $20,000 B. Paid a month's rent of $1,500 C. Purchased office supplies on account for $700 D. Received $400 cash for services performed E. Paid wages in the amount of $1,350 F. Paid $280 to creditors on account G. Billed...
The total assets and the total liabilities of a business at the beginning and at the end of the year appear below. During the year, $100,000 of dividends were paid and $45,000 cash received in exchange for common stock. Beginning of year End of year Assets $295,000 355,000 Liabilities $190,000 220,000 The amount of net income for the year was $135,000 $85,000 $45,000 $40,000
Please help with correct answer and explaination if possible,
thx!(:
4. The accountant for Monroe Company mistakenly omitted the adjusting entry to record accrued fees of $2,000 for services provided to customers and not yet billed. Indicate the effect of the error on the income statement and the balance sheet by inserting "overstated" or "understated" in the space provided. If an item is not affected, leave the space blank. Assets Liabilities Stockholders Equity Revenues Expenses Net Income I 5. What...
Please help with correct answer and explaination if possible,
thx!(:
6. After all adjusting entries have been made and the financial statements have been prepared at the end of the fiscal year, salaries expenses has a debit of $305,500, supplies expense has a debit of $208,000, rent expense has a debit of $95,000, insurance expense has a debit of $87,000, and revenue has a credit of $839,000. At the same date, retained earnings has a credit balance of $319,500 and...
Please help with correct answer and explaination if possible,
thx!(:
3. For each of the following, journalize the necessary adjusting entry. A. Unpaid wages accrued were $4,000 B. The balance in the prepaid insurance account before adjustment at the end of the year is $12,000. The amount of insurance expired during the year is $8,500. C. The estimated depreciation on buildings for the year is $32,000. I
help please
(Ch. 1-3) Saved Help A corporation had the following assets and liabilities at the beginning and end of this year Liabilities Assets Beginning of the year $ 57,446 134,000 176,000 End of the year 71,280 a. Owner made no investments in the business, and no dividends were paid during the year b. Owner made no investments in the business, but dividends were $1,000 cash per month. c. No dividends were paid during the year, but the owner did...
Plumbers-on-the-Go Ltd. started the year with total assets of $120,000 and total liabilities of $75,000. During the year, the business recorded $82,000 in service revenues. $45,000 in expenses, and paid dividends of $2.500. Shareholders' equity at the end of the year was Select one: $82.000 O $77.000 $79.500 O $45.000 Clear my choice BE1-10 Go Ahead Limited began the year with common shares of $100,000 and retained earnings of $350,000. During the year, it issued an additional $25,000 of common...
Toth Company had the following assets and liabilities on the dates indicated. December 31 Total Assets Total Liabilities 2019 $400,000 $260,000 2020 $480,000 $300,000 2021 $590,000 $400,000 Toth began business on January 1, 2019, with an investment of $100,000 from stockholders. From an analysis of the change in stockholders' equity during the year, compute the net income (or loss) for: (a) 2019, assuming Toth paid $15,000 in dividends for the year. Net income (loss) for 2019 55000 (b) 2020, assuming...
Most questions answered within 3 hours.
-
Which amino acid has a basic R group?
A) tyrosine
B) Isoleucine
C) Glutamic Acid
D)...
asked 5 minutes ago -
Is there the need for the government to have hackers. Please
share your thoughts.
asked 8 minutes ago -
Explain why you should not lose any LDH activity when you
centrifuge a crude sample at...
asked 17 minutes ago -
An AA battery (object), standing on end, is placed to the left
of a diverging lens...
asked 18 minutes ago -
After you measure the self-inductance of a coil, you unwind it
and then rewind one third...
asked 18 minutes ago -
1. Which of the following best describes a transistor?
A) a small electrical circuit made from...
asked 20 minutes ago -
Use generating function to find the number of distributions of
20 people into four different rooms...
asked 35 minutes ago -
The following data set consists the number of minutes a sample
of 25 people run every...
asked 38 minutes ago -
Suppose vacuum cleaners are part of the market basket used to
compute the CPI. Suppose also...
asked 51 minutes ago -
What intermediate results after the addition of H3O+ to
E-3-methyl-2-pentane?
pentene*
asked 55 minutes ago -
Potassium hydrogen phthalate is a solid, monoprotic acid
frequently used in the laboratory to standardize strong...
asked 1 hour ago -
1-Describe the 3 major classes of ownerships of retailers
2-What are the differences between consumer and...
asked 58 minutes ago