Homework Answers
| Assets | = | Liabilites | + | Shareholders Equity | |||||||||||||||||
| Cash | + | Supplies | = | Accounts Payable | + | Common Stock | - | Dividends | + | sales Commision | - | Rent Expenses | - | Salaries | - | Auto Expenses | - | Supplies Expenses | - | Misc Expenses | |
| a | $ 30,000 | $ 30,000 | |||||||||||||||||||
| b | $ 3,070 | $ 3,070 | |||||||||||||||||||
| Bal | $ 30,000 | $ 3,070 | $ 3,070 | $ 30,000 | $ - | $ - | $ - | $ - | $ - | $ - | $ - | ||||||||||
| c | $ (1,940) | $ (1,940) | |||||||||||||||||||
| bal | $ 28,060 | $ 3,070 | $ 1,130 | $ 30,000 | $ - | $ - | $ - | $ - | $ - | $ - | $ - | ||||||||||
| d | $ 31,320 | $ 31,320 | |||||||||||||||||||
| bal | $ 59,380 | $ 3,070 | $ 1,130 | $ 30,000 | $ - | $ 31,320 | $ - | $ - | $ - | $ - | $ - | ||||||||||
| e | $ (6,140) | $ 6,140 | |||||||||||||||||||
| bal | $ 53,240 | $ 3,070 | $ 1,130 | $ 30,000 | $ - | $ 31,320 | $ 6,140 | $ - | $ - | $ - | $ - | ||||||||||
| f | $ (10,000) | $ 10,000 | |||||||||||||||||||
| bal | $ 43,240 | $ 3,070 | $ 1,130 | $ 30,000 | $ 10,000 | $ 31,320 | $ 6,140 | $ - | $ - | $ - | $ - | ||||||||||
| g | $ (4,350) | $ 2,940 | $ 1,410 | ||||||||||||||||||
| bal | $ 38,890 | $ 3,070 | $ 1,130 |
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On April 1, 20Y8, Maria Adams established Custom Realty. Maria completed the following transactions during the month of April: a. Opened a business bank account with a deposit of $30,000 in exchange for common stock. b. Purchased supplies on account, $3,070. c. Paid creditor on account, $1,940. d. Earned sales commissions, receiving cash, $31,320. e. Paid rent on office and equipment for the month, $6,140. f. Paid dividends, $10,000. g. Paid automobile expenses for month, $2,940, and miscellaneous expenses, $1,410....
On April 1, 20Y8, Maria Adams established Custom Realty. Maria completed the following transactions during the month of April: a. Opened a business bank account with a deposit of $30,000 in exchange for common stock. b. Purchased supplies on account, $3,070. c. Paid creditor on account, $1,940. d. Earned sales commissions, receiving cash, $31,320. e. Paid rent on office and equipment for the month, $6,140. f. Paid dividends, $10,000. g. Paid automobile expenses for month, $2,940, and miscellaneous expenses, $1,410....
On April 1, 20Y8, Maria Adams established Custom Realty. Maria completed the following transactions during the month of April: a. Opened a business bank account with a deposit of $30,000 in exchange for common stock. b. Purchased supplies on account, $3,070. c. Paid creditor on account, $1,940. d. Earned sales commissions, receiving cash, $31,320. e. Paid rent on office and equipment for the month, $6,140. f. Paid dividends, $10,000. g. Paid automobile expenses for month, $2,940, and miscellaneous expenses, $1,410....
Transactions: Financial Statements On April 1, 2048, Maria Adams established Custom Realty, Maria completed the following transactions during the month of April: a. Opened a business bank account with a deposit of $35,000 in exchange for common stock. b. Purchased supplies on account, $3,540. c. Paid creditor on account, $2,240 d. Earned sales commissions, receiving cash, $36,120. e. Paid rent on office and equipment for the month, $7,080. f. Paid dividends. $11,000. g. Paid automobile expenses for month, $3,400, and...
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Transactions: Financial Statements On April 1, 2048, Maria Adams established Custom Realty, Maria completed the following transactions during the month of April: a. Opened a business bank account with a deposit of $35,000 in exchange for common stock. b. Purchased supplies on account, $3,540. c. Paid creditor on account, $2,240 d. Earned sales commissions, receiving cash, $36,120. e. Paid rent on office and equipment for the month, $7,080. f. Paid dividends. $11,000. g. Paid automobile expenses for month, $3,400, and...
Transactions; Financial Statements On April 1, 2019, Maria Adams established Custom Realty. Maria completed the following transactions during the month of April: a. Opened a business bank account with a deposit of $24,000 from personal funds. b. Paid rent on office and equipment for the month, $3,600. C. Paid automobile expenses (including rental charge) for the month, $1,350, and miscellaneous expenses, $600. d. Purchased office supplies on account, $1,200. e. Earned sales commissions (revenue) from selling real estate, receiving cash,...
Transactions; Financial Statements On April 1, 2019, Maria Adams established Custom Realty. Maria completed the following transactions during the month of April: a. Opened a business bank account with a deposit of $24,000 from personal funds. b. Paid rent on office and equipment for the month, $3,600. c. Paid automobile expenses (including rental charge) for the month, $1,350, and miscellaneous expenses, $600. d. Purchased office supplies on account, $1,200. e. Earned sales commissions (revenue) from selling real estate, receiving cash,...
Print item Book Calculator Transactions, Financial Statements On April 1, 2010, Maria Adams established Custom Realty, Maria completed the fo a. Opened a business bank account with a deposit of $34,000 in exchange b. Purchased supplies on account, $3,490. c. Paid creditor on account, $2,210. d. Earned sales commissions, receiving cash, $35.600. e. Paid rent on office and equipment for the month, $6,980. f. Pald dividends, $11,000. 9. Paid automobile expenses for month, $3,350, and miscellaneous exp h. Paid office...
On July 1, 2019, Pat Glenn established Half Moon Realty. Pat
completed the following transactions during the month of July:
Opened a business bank account with a deposit of $29,000 from
personal funds. Purchased office supplies on account, $2,960. Paid
creditor on account, $1,880. Earned sales commissions, receiving
cash, $30,250. Paid rent on office and equipment for the month,
$5,930. Withdrew cash for personal use, $9,000. Paid automobile
expenses (including rental charge) for the month, $2,840, and
miscellaneous expenses, $1,360....