Homework Answers
1.
| Assets | = | Liabilities + | Stockholders Equity | |||||||||||
| Cash | + | Accounts Receivable | + | Equipment | = | Accounts Payable | + | Common Stock | + | Retained Earnings | ||||
| + | Revenue | - | Expenses | |||||||||||
| 1 | $48,500 | + | NA | + | NA | = | NA | + | $48,500 | + | ||||
| 2 | NA | + | NA | + | $27,500 | = | $27,500 | + | NA | + | ||||
| 3 | $(3,300) | + | NA | + | NA | = | NA | + | NA | + | - | $(3,300) | Rent Expense | |
| 4 | NA | + | $18,000 | + | NA | = | NA | + | NA | + | $18,000 | - | NA | Service Revenue |
| 5 | $3,700 | + | NA | + | NA | = | NA | + | NA | + | $3,700 | - | NA | Service Revenue |
| 6 | $(7,400) | + | NA | + | NA | = | NA | + | NA | + | NA | - | $(7,400) | Utilities Expenses |
| 7 | $(27,500) | + | NA | + | NA | = | $(27,500) | + | NA | + | NA | - | NA | |
| 8 | NA | + | NA | + | NA | = | $3,300 | + | NA | + | NA | - | $(3,300) | Advertising |
| 9 | $13,800 | + | $(13,800) | + | NA | = | NA | + | NA | + | NA | - | NA | |
| Total | $27,800 | + | $4,200 | + | $27,500 | = | $3,300 | + | $48,500 | + | $21,700 | - | $(14,000) |
Add Answer to:
Show Attempt History Current Attempt in Progress Carla Vista Co. entered into these transactions during May...
Current Attempt in Progress Crane Company entered into these transactions during May 2022, its first month...
Current Attempt in Progress Crane Company entered into these transactions during May 2022, its first month of operations. 1. Stockholders invested $42,000 in the business in exchange for common stock of the company. 2. Purchased computers for office use for $31,600 from Ladd on account. 3. Paid $4,700 cash for May rent on storage space. 4. Performed computer services worth $18,400 on account. 5. Performed computer services for Wharton Construction Company for $3,500 cash. 6. Paid Western States Power Co....
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...
Crane Company entered into these transactions during May 2022, its first month of operations. 1. Stockholders...
Crane Company entered into these transactions during May 2022, its first month of operations. 1. Stockholders invested $32,000 in the business in exchange for common stock of the company. 2. Purchased computers for office use for $26,600 from Ladd on account. 3. Paid $5,500 cash for May rent on storage space. 4. Performed computer services worth $18,400 on account. 5. Performed computer services for Wharton Construction Company for $5,300 cash. 6. Paid Western States Power Co. $8,500 cash for energy...
Question 5 of 5 View Policies Current Attempt in Progress Sandhill Co. entered into these transactions...
Question 5 of 5 View Policies Current Attempt in Progress Sandhill Co. entered into these transactions during May 2022, its first month of operations. 1. 2. 3. 4. 5. Stockholders invested $45,000 in the business in exchange for common stock of the company. 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....
Sandhill Co. entered into these transactions during May 2022, its first month of operations. 1. Stockholders...
Sandhill Co. entered into these transactions during May 2022,
its first month of operations.
1.
Stockholders invested $37,000 in
the business in exchange for common stock of the company.
2.
Purchased computers for office use
for $33,500 from Ladd on account.
3.
Paid $2,500 cash for May rent on
storage space.
4.
Performed computer services worth
$18,400 on account.
5.
Performed computer services for
Wharton Construction Company for $6,300 cash.
6.
Paid Western States Power Co.
$6,200 cash for energy...
Question 3 View Policies Show Attempt History Current Attempt in Progress Carla Vista Lakes Park is...
Question 3 View Policies Show Attempt History Current Attempt in Progress Carla Vista Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2022. Service revenue (from camping fees) $170,000 Dividends Sales revenue (from general store) Accounts payable $12,600 70,000 156,600 7,700 56,000 7,000 30,000 Notes payable 15,400 Expenses during 2022 11,900 Supplies 159,600 Common stock Retained earnings (1/1/2022) Cash Equipment Your answer is incorrect. Determine...
Wildhorse Co., a computer services company, entered into these transactions during May 2017, its first month...
Wildhorse Co., a computer services company, entered into these transactions during May 2017, its first month of operations. 1. Stockholders invested $33,000 in the business in exchange for common stock of the company. 2. Purchased computers for office use (recorded as Equipment) for $26,900 from Ladd on account. 3. Paid $3,100 cash for May rent on storage space. 4. Performed computer services worth $15,300 on account. 5. Performed computer services for Wharton Construction Company for $3,500 cash. 6. Paid Western...
Cullumber company entered into these transactions during May 2022, Cullumber Company entered into these transactions during...
Cullumber company entered into these transactions during May 2022,
Cullumber Company entered into these transactions during May 2022, its first month of operations. 1. 2. 3. 4. 5. 6. 7. 8. 9. Stockholders invested $37,000 in the business in exchange for common stock of the company. Purchased computers for office use for $33,800 from Ladd on account. Paid $4,500 cash for May rent on storage space. Performed computer services worth $15,400 on account. Performed computer services for Wharton Construction Company...
View Policies Current Attempt in Progress During 2022, Whispering Winds Corp. entered into the following transactions....
View Policies Current Attempt in Progress During 2022, Whispering Winds Corp. entered into the following transactions. 1. 2. 3. Borrowed $60,200 by issuing bonds. Paid $9.240 cash dividend to stockholders. Received $14,500 cash from a previously billed customer for services performed. Purchased supplies on account for $3,300, 4. 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...
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...
Current Attempt in Progress Crane Company entered into these transactions during May 2022, its first month of operations. 1. Stockholders invested $42,000 in the business in exchange for common stock of the company. 2. Purchased computers for office use for $31,600 from Ladd on account. 3. Paid $4,700 cash for May rent on storage space. 4. Performed computer services worth $18,400 on account. 5. Performed computer services for Wharton Construction Company for $3,500 cash. 6. Paid Western States Power Co....
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...
Crane Company entered into these transactions during May 2022, its first month of operations. 1. Stockholders invested $32,000 in the business in exchange for common stock of the company. 2. Purchased computers for office use for $26,600 from Ladd on account. 3. Paid $5,500 cash for May rent on storage space. 4. Performed computer services worth $18,400 on account. 5. Performed computer services for Wharton Construction Company for $5,300 cash. 6. Paid Western States Power Co. $8,500 cash for energy...
Question 5 of 5 View Policies Current Attempt in Progress Sandhill Co. entered into these transactions during May 2022, its first month of operations. 1. 2. 3. 4. 5. Stockholders invested $45,000 in the business in exchange for common stock of the company. 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....
Sandhill Co. entered into these transactions during May 2022,
its first month of operations.
1.
Stockholders invested $37,000 in
the business in exchange for common stock of the company.
2.
Purchased computers for office use
for $33,500 from Ladd on account.
3.
Paid $2,500 cash for May rent on
storage space.
4.
Performed computer services worth
$18,400 on account.
5.
Performed computer services for
Wharton Construction Company for $6,300 cash.
6.
Paid Western States Power Co.
$6,200 cash for energy...
Question 3 View Policies Show Attempt History Current Attempt in Progress Carla Vista Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2022. Service revenue (from camping fees) $170,000 Dividends Sales revenue (from general store) Accounts payable $12,600 70,000 156,600 7,700 56,000 7,000 30,000 Notes payable 15,400 Expenses during 2022 11,900 Supplies 159,600 Common stock Retained earnings (1/1/2022) Cash Equipment Your answer is incorrect. Determine...
Cullumber company entered into these transactions during May 2022,
Cullumber Company entered into these transactions during May 2022, its first month of operations. 1. 2. 3. 4. 5. 6. 7. 8. 9. Stockholders invested $37,000 in the business in exchange for common stock of the company. Purchased computers for office use for $33,800 from Ladd on account. Paid $4,500 cash for May rent on storage space. Performed computer services worth $15,400 on account. Performed computer services for Wharton Construction Company...
View Policies Current Attempt in Progress During 2022, Whispering Winds Corp. entered into the following transactions. 1. 2. 3. Borrowed $60,200 by issuing bonds. Paid $9.240 cash dividend to stockholders. Received $14,500 cash from a previously billed customer for services performed. Purchased supplies on account for $3,300, 4. 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...
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...
Most questions answered within 3 hours.
-
After watching the lectures I am still having a hard time
understanding these equations.
1. The...
asked 1 hour ago -
Testing:
H0:μ=56.9
H1:μ<56.9
Your sample consists of 23 subjects, with a mean of 56.3 and
standard...
asked 1 hour ago -
straight wire, labeled as Wire A, lies horizontally on a
tabletop and is oriented to run...
asked 1 hour ago -
For a Chi-Squared Goodness of Fit Test about a uniform
distribution, complete the table.
Round to...
asked 1 hour ago -
Milk of magnesia is only slightly soluble in water. Kc for the
reaction Mg(OHs)(s)>Mg2+(a) + 2OH-1(aq)...
asked 1 hour ago -
Excel's HYPGEOM.DIST function can be used to compute _____.
a. both hypergeometric probabilities and cumulative
hypergeometric...
asked 1 hour ago -
The rocket used for the human lunar missions was the Saturn V
rocket. At liftoff the...
asked 1 hour ago -
1. The East Street Bagel Shop has a weekly demand for 3,500
bagels, which they make...
asked 1 hour ago -
paraphrasing each paragraph
“Where two or more persons knowingly act together unlawfully,
the act of each...
asked 1 hour ago -
The lateral line system in fish is contained which of the
following?
chemoreceptors
photoreceptors
mechanoreceptors
odor...
asked 1 hour ago -
Find the y-intercept of y =-5 x. The y-intercept of y equals
negative 5 x is______...
asked 1 hour ago -
Customers arrive randomly at a gas station at the average rate
of 30 per hour, while...
asked 1 hour ago