Homework Answers
Option (d) is correct
When $800 is paid as rent, then it will reduce / decrease the cash from the assets side in the accounting equation. Also. since rent is an expense for the firm, so it will reduce its earnings resulting in decrease in equity by $800 in the Liabilities & equity side of the accounting equation.
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409 © Jane is an osteopath operating as a sole proprietor on 1 February she pays...
Jane is an osteopath operating as a sole proprietor. On 1 February she treats a patient...
Jane is an osteopath operating as a sole proprietor. On 1 February she treats a patient who pays her S120 in cash. The effect of this transaction on the accounting equation is: Select one: O a. Increase in cash at bank $120, decrease in liability accounts payable $120 b. Increase in cash at bank $120, increase in Liability accounts payable $120 c. Increase in cash at bank $120, increase in asset accounts receivable $120 d. Increase in cash at bank...
Chapter 3 Horx > NWP Assesse X A Player A Player X A Player X College...
Chapter 3 Horx > NWP Assesse X A Player A Player X A Player X College - Cox G ey.com/ui/v2/assessment-player/index.html?launchid=e32e38c7-e269-4961-87db-5607d9996448/question/ Question 1 of 6 1.8/4 Show Attempt History Current Attempt in Progress Your answer is partially correct. 3 Pharoah Company entered into these transactions during May 2022. its first month of operations 1. Stockholders invested $44,500 in the business in exchange for common stock of the company. 2 Purchased computers for office use for $27.600 from Ladd on account Paid...
Me How tement of cash flows-indirect method Calculator Labels and Amount Descriptions Statement of Cash Flows...
Me How tement of cash flows-indirect method Calculator Labels and Amount Descriptions Statement of Cash Flows structions ne comparative balance sheet of Livers Inc. for December 31, 2073 and 2072, is shown as follows: 1 2 Dec 31, 2013 Assets Dec 31, 2012 3 Cash 4 Accounts receivable (net) $155.000.00 $150.000.00 450,000.00 5 Inventories 400.000.00 750.000.00 770.000.00 6 Investments 0.00 100,000.00 - Land 500.000,00 0.00 Equipment Accumulated depreciation equipment 1.200.000.00 L400,000.00 (500.000.00 (500.000.00 10 Total assets $2,675.000.00 57.100.000.00 11 Liabilities...
question 4 & 5 k Show Me How Calculator Instructions Chart of Accounts Journal T Accounts...
question 4 & 5
k Show Me How Calculator Instructions Chart of Accounts Journal T Accounts V E nstructions Jan. 1 2 3 Sharon Matthews transferred cash from a personal bank account to an account to be used for the business, $40,000 Paid rent on office and equipment for the month, $6,000. Purchased supplies on account, $3,200. Paid creditor on account, $1,750. Earned fees, receiving cash, $18,250. Paid automobile expenses (including rental charge) for month, $1,880, and miscellaneous expenses, 4...
Ch 1 1. Given the following dat Dec 31 Year 2 Dec 31 Year 1 Total...
Ch 1 1. Given the following dat Dec 31 Year 2 Dec 31 Year 1 Total liabilities S128,250 $120,000 Total stockholders oquity 95.000 80.000 compute the ratio of liabilities to stockholders' equity for each year Round to two decimal places 1.50 and 107, 11.35 and 1.50 respectively respectively 1.07 and 1.19. 1.1.19 and 1.35 respectively respectively The liabilities and stockholder's equity of a company are $132,000 and $244.000, respectively. Assets should equal SS188.00 $132.00 p $376,00 12.000 A financial statement...
G K ? 80%-)- wed 2:41 P Fie Edit View History Bookmarks Window Help s Principles...
G K ? 80%-)- wed 2:41 P Fie Edit View History Bookmarks Window Help s Principles of Aceounting I Section 5 Spring 2019 co-Gordon State Colege uiz gordonstate.viw.ug.edu based on 45.00 Holly Fincher Attempt 1 Previous Page Next Page Page 8 of 30 Question 8 (1 point) Which one of the following best defines an inbernal event in terms of accounting Every type of transaction is an intermal evnt An event recognized in a set of fimancial statements A happening...
Please help with question #5 F A 12 Months Ended Horizontal Analysis Consolidated Balance Sheets- USD...
Please help with question #5
F A 12 Months Ended Horizontal Analysis Consolidated Balance Sheets- USD ($) $ in Thousands $ Change 2017 to 2018 % Change 2017 to 2018 Dec. 31, 2017 Dec. 31, 2018 Current assets -88.68% -$208,694.00 $235,336 $26,642 Cash and cash equivalents Receivables (net of allowance for doubtful accounts of $15,905 and $12,221, respectively) $12,148.00 $10,122.00 9.65% $125,870 $0 $138,018 $10,122 $36,759 $32,243 0.00% Income taxes receivable 177.30% $23,503.00 $13,256 Notes receivable, net of allowances $6,276.00...
Jane is an osteopath operating as a sole proprietor. On 1 February she treats a patient who pays her S120 in cash. The effect of this transaction on the accounting equation is: Select one: O a. Increase in cash at bank $120, decrease in liability accounts payable $120 b. Increase in cash at bank $120, increase in Liability accounts payable $120 c. Increase in cash at bank $120, increase in asset accounts receivable $120 d. Increase in cash at bank...
Chapter 3 Horx > NWP Assesse X A Player A Player X A Player X College - Cox G ey.com/ui/v2/assessment-player/index.html?launchid=e32e38c7-e269-4961-87db-5607d9996448/question/ Question 1 of 6 1.8/4 Show Attempt History Current Attempt in Progress Your answer is partially correct. 3 Pharoah Company entered into these transactions during May 2022. its first month of operations 1. Stockholders invested $44,500 in the business in exchange for common stock of the company. 2 Purchased computers for office use for $27.600 from Ladd on account Paid...
Me How tement of cash flows-indirect method Calculator Labels and Amount Descriptions Statement of Cash Flows structions ne comparative balance sheet of Livers Inc. for December 31, 2073 and 2072, is shown as follows: 1 2 Dec 31, 2013 Assets Dec 31, 2012 3 Cash 4 Accounts receivable (net) $155.000.00 $150.000.00 450,000.00 5 Inventories 400.000.00 750.000.00 770.000.00 6 Investments 0.00 100,000.00 - Land 500.000,00 0.00 Equipment Accumulated depreciation equipment 1.200.000.00 L400,000.00 (500.000.00 (500.000.00 10 Total assets $2,675.000.00 57.100.000.00 11 Liabilities...
question 4 & 5
k Show Me How Calculator Instructions Chart of Accounts Journal T Accounts V E nstructions Jan. 1 2 3 Sharon Matthews transferred cash from a personal bank account to an account to be used for the business, $40,000 Paid rent on office and equipment for the month, $6,000. Purchased supplies on account, $3,200. Paid creditor on account, $1,750. Earned fees, receiving cash, $18,250. Paid automobile expenses (including rental charge) for month, $1,880, and miscellaneous expenses, 4...
Ch 1 1. Given the following dat Dec 31 Year 2 Dec 31 Year 1 Total liabilities S128,250 $120,000 Total stockholders oquity 95.000 80.000 compute the ratio of liabilities to stockholders' equity for each year Round to two decimal places 1.50 and 107, 11.35 and 1.50 respectively respectively 1.07 and 1.19. 1.1.19 and 1.35 respectively respectively The liabilities and stockholder's equity of a company are $132,000 and $244.000, respectively. Assets should equal SS188.00 $132.00 p $376,00 12.000 A financial statement...
G K ? 80%-)- wed 2:41 P Fie Edit View History Bookmarks Window Help s Principles of Aceounting I Section 5 Spring 2019 co-Gordon State Colege uiz gordonstate.viw.ug.edu based on 45.00 Holly Fincher Attempt 1 Previous Page Next Page Page 8 of 30 Question 8 (1 point) Which one of the following best defines an inbernal event in terms of accounting Every type of transaction is an intermal evnt An event recognized in a set of fimancial statements A happening...
Please help with question #5
F A 12 Months Ended Horizontal Analysis Consolidated Balance Sheets- USD ($) $ in Thousands $ Change 2017 to 2018 % Change 2017 to 2018 Dec. 31, 2017 Dec. 31, 2018 Current assets -88.68% -$208,694.00 $235,336 $26,642 Cash and cash equivalents Receivables (net of allowance for doubtful accounts of $15,905 and $12,221, respectively) $12,148.00 $10,122.00 9.65% $125,870 $0 $138,018 $10,122 $36,759 $32,243 0.00% Income taxes receivable 177.30% $23,503.00 $13,256 Notes receivable, net of allowances $6,276.00...
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