Event No | Cash | + | Land | = | Notes Payable | + | Common Stock | + | Retained Earnings | Revenue | - | Expense | = | Net Income | Statement of Cash Flow | |
1 | 30,000 | + | = | + | 30,000 | + | - | = | 30,000 | FA | ||||||
2 | 40,000 | + | = | 40,000 | + | + | - | = | 40,000 | FA | ||||||
3 | 48,000 | + | = | + | + | 48,000 | 48,000 | - | = | 48,000 | 48,000 | OA | ||||
4 | -25,000 | + | = | + | + | -25,000 | - | 25,000 | = | -25,000 | -25,000 | OA | ||||
5 | -1,000 | + | = | + | + | -1,000 | - | = | -1,000 | FA | ||||||
6 | 20,000 | + | = | + | 20,000 | + | - | = | 20,000 | FA | ||||||
7 | -10,000 | + | = | -10,000 | + | + | - | = | -10,000 | FA | ||||||
8 | -53,000 | + | 53,000 | = | + | + | - | = | -53,000 | IA | ||||||
9 | + | = | + | + | - | = | NA | |||||||||
Total | 49,000 | + | 53,000 | = | 30,000 | + | 50,000 | + | 22,000 | 48,000 | - | 25,000 | = | 23,000 | 49,000 | NC |
! Required information [The following information applies to the questions displayed below.] Maben Company was started...
Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: Acquired $31,000 cash from the issue of common stock. Borrowed $39,000 cash from National Bank. Earned cash revenues of $49,000 for performing services. Paid cash expenses of $45,500. Paid a $1,100 cash dividend to the stockholders. Acquired an additional $21,000 cash from the issue of common stock. Paid $10,000 cash to reduce the principal balance of the bank note. Paid...
Recording events in a horizontal statements model Maben Company was started on January 1, 2018, and experienced the following events during its first year of operation: 1. Acquired $30,000 cash from the issue of common stock. 2. Borrowed $40,000 cash from National Bank. 3. Earned cash revenues of $48,000 for performing services. 4. Paid cash expenses of $25,000 5. Paid a $1,000 cash dividend to the stockholders. 6. Acquired an additional $20,000 cash from the issue of common stock. 7....
Recording events in a horizontal statements model Maben Company was started on January 1, 2018, and experienced the following events during its first year of operation: 1. Acquired $30,000 cash from the issue of common stock. 2. Borrowed $40,000 cash from National Bank. 3. Earned cash revenues of $48,000 for performing services. 4. Paid cash expenses of $25,000. 5. Paid a $1,000 cash dividend to the stockholders. 6. Acquired an additional $20,000 cash from the issue of common stock. 7....
Required information [The following information applies to the questions displayed below.] Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: 1. Acquired $30,000 cash from the issue of common stock. 2. Borrowed $40,000 cash from National Bank. 3. Earned cash revenues of $48,000 for performing services. 4. Paid cash expenses of $25,000. 5. Paid a $1,000 cash dividend to the stockholders. 6. Acquired an additional $20,000 cash from the...
Required information [The following information applies to the questions displayed below.] Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: 1. Acquired $30,000 cash from the issue of common stock. 2. Borrowed $40,000 cash from National Bank. 3. Earned cash revenues of $48,000 for performing services. 4. Paid cash expenses of $25,000. 5. Paid a $1,000 cash dividend to the stockholders. 6. Acquired an additional $20,000 cash from the...
please fill in everything for a upvote thank you so much 0 Required information [The following information applies to the questions displayed below.] Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: 1. Acquired $33,000 cash from the issue of common stock 2. Borrowed $37,000 cash from National Bank 3. Earned cash revenues of $51,000 for performing services. 4. Paid cash expenses of $46,500. 5. Paid a $1,300 cash...
Required information [The following information applies to the questions displayed below.] The following transactions pertain to Accounting Solutions Inc. Assume the transactions for the purchase of the computer and any capital improvements occur on January 1 each year. 2018 1. Acquired $60,000 cash from the issue of common stock 2. Purchased a computer system for $24,000. It has an estimated useful life of five years and a $3,230 salvage value. 3. Paid $1,300 sales tax on the computer system. 4....
7 Part 5 of 10 points Required Information [The following information applies to the questions displayed below] Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: 1. Acquired $29,000 cash from the issue of common stock 2. Borrowed $41,000 cash from National Bank 3. Earned cash revenues of $57,000 for performing services 4. Paid cash expenses of $49,500. 5. Pald a $1,900 cash dividend to the stockholders. 6. Acquired...
im unsure about my accounting skills 1 Saved Required information [The following information applies to the questions displayed below.] Maben Company was started on January 1, Year 1, and experienced the follo operation: 1. Acquired $29,000 cash from the issue of common stock. 2. Borrowed $41,000 cash from National Bank 3. Earned cash revenues of $57,000 for performing services. 4. Paid cash expenses of $49,500. 5. Paid a $1,900 cash dividend to the stockholders. 6. Acquired an additional $29.000 cash...
Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: Acquired $29,000 cash from the issue of common stock. Borrowed $41,000 cash from National Bank. Earned cash revenues of $57,000 for performing services. Paid cash expenses of $49,500. Paid a $1,900 cash dividend to the stockholders. Acquired an additional $29,000 cash from the issue of common stock. Paid $10,000 cash to reduce the principal balance of the bank note. Paid...