Homework Answers
Cullen have total assets
| Cash | $ 1,900 |
| Supplies | $ 2,500 |
| Equipment | $ 6,100 |
| Total | $10,500 |
Cullen total liabilities
| Accounts payable | $ 2,500 |
| Total | $ 2,500 |
Add Answer to:
Cullen's Catering began with cash of $8,000. Cullen then bought supplies for $2,500 on account. Separately,...
Data Table Cash Land Supplies 400 (5) Equipment 3,800 (3) 95 (4) 36,000 (7) (1) (2)...
Data Table Cash Land Supplies 400 (5) Equipment 3,800 (3) 95 (4) 36,000 (7) (1) (2) (5) 9,100 (4) 8,000 6 95 (7) 5,000 290 3,800 Accounts Payable 290|(3) (6) Common Stock 1) Notes Payable (2) 8,000 |(4) 31,000 400 9,100 Print Done The first seven transactions of Devonshire Advertising, Inc., have been posted to the company's accounts: E (Click the icon to view the accounts.) Requirement 1. Prepare the journal entries that served as the sources for the seven...
Wk 1. Apply: Connect Exercise (due Mon) Saved The following financial data are for the dental...
Wk 1. Apply: Connect Exercise (due Mon) Saved The following financial data are for the dental practice of Dr. Donna Wells when she began operations in July 1. Owes $17,300 to the Allen Equipment Company 2. Has cash balance of $11,800. 3. Has dental supplies of $2,800 4. Owes $3,330 to Contemporary Furniture Supply 5. Has dental equipment of $24,850, 6. Has office furniture of $6,300. points Determine the amounts that would appear in Di Wells' balance sheet. Assets Liabilities...
$ 3,500 8,500 2,500 16,90 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable...
$ 3,500 8,500 2,500 16,90 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals $ 4,000 2,eee 3,000 13,eee 8,5ee $30,500 $30,500 The following is a summary of the transactions for the year 1. January 24 Provide plumbing services for cash, $10,000, and on account, $55,000. 2. March 13 Collect on accounts receivable, $43,000. 3. May 6 Issue shares of common stock in exchange for $12,000 cash. 4. June 30 Pay...
Pizza Express Inc. began the Year 2 accounting period with $2,500 cash, $1,400 of common stock,...
Pizza Express Inc. began the Year 2 accounting period with $2,500 cash, $1,400 of common stock, and $1,100 of retained earnings. Pizza Express was affected by the following accounting events during Year 2. Purchased $3,600 of supplies on account. Earned and collected $12,300 of cash revenue. Paid $2,700 cash on accounts payable. Adjusted the records to reflect the use of supplies. A physical count indicated that $250 of supplies was still on hand on December 31, Year 2. How much...
More Info on the land. 12 The business purchased medical supplies for $1,700 on account. 15-31...
More Info on the land. 12 The business purchased medical supplies for $1,700 on account. 15-31 During the rest of the month, Fleming treated patients and earned service revenue of 15-31 The business paid cash expenses: employee salaries, $3,600; office rent, $1,400; 15 Dr: Kim Fleming PC.,offil opened for business, $9,700, receiving cash for half the revenue earned. 31 31 31 utilities, $900. (Record the cash amount as a total and identify and record any other amounts separately.) The business...
Pizza Express Inc. began the Year 2 accounting period with $2,500 cash $1,400 of common stock,...
Pizza Express Inc. began the Year 2 accounting period with $2,500 cash $1,400 of common stock, and $1,100 of retained earnings, Pizza Express was affected by the following accounting events during Year 2: 1. Purchased $3,600 of supplies on account. 2. Earned and collected $12,300 of cash revenue. 3. Paid $2,700 cash on accounts payable. 4. Adjusted the records to reflect the use of supplies. A physical count indicated that $250 of supplies was still on hand on December 31,...
Debit Company Adjusted Trial Balance December 31, 20X7 Cash $6,500 Accounts receivable 8,000 Supplies 1,000 Prepaid...
Debit Company Adjusted Trial Balance December 31, 20X7 Cash $6,500 Accounts receivable 8,000 Supplies 1,000 Prepaid Rent (3 months) 2,500 Equipment, net 42,000 Accounts payable Salary payable Unearned revenue (2 month advance) Note payable - long term Common stock Retained earnings Dividends 4,000 Service revenue Salary expense 40,000 Rent expense 10,000 Supplies expense 1,500 Depreciation expense 5,000 Utilities expense 1,200 $4,000 2,000 2,000 14,000 10,000 14,700 75,000 Total $121,700 $121.700 *Assume 30% income tax Balance Sheet Assets Liabilities Total Liabilities...
Pizza Express Inc. began the Year 2 accounting period with $2,500 cash, $1,400 of common stock,...
Pizza Express Inc.
began the Year 2 accounting period with $2,500 cash, $1,400 of
common stock, and $1,100 of retained earnings. Pizza Express was
affected by the following accounting events during Year
2:
Purchased $3,600 of supplies on account.
Earned and collected $12,300 of cash revenue.
Paid $2,700 cash on accounts payable.
Adjusted the records to reflect the use of supplies. A physical
count indicated that $250 of supplies was still on hand on December
31, Year 2.
Required
a....
correct this: Pizza Express Inc. began the 2016 accounting period with $9,000 cash, $6,500 of common stock, and $2,500...
correct this:
Pizza Express Inc. began the 2016 accounting period with $9,000 cash, $6,500 of common stock, and $2,500 of retained earnings. Pizza Express was affected by the following acCcounting events during 2016: 1. Purchased $10,500 of supplies on account. 2. Earned and collected $28,000 of cash revenue. 3. Paid $9,000 cash on accounts payable. 4. Adjusted the records toeor 31 2016 was still supplies. A physical count indicated that $3,000 of supplies hand on December Required a. Show the...
Pizza Express Inc. began the 2018 accounting period with $2,500 cash, $1,400 of common stock, and...
Pizza Express Inc. began the 2018 accounting period with $2,500 cash, $1,400 of common stock, and $1,100 of retained earnings. Pizza Express was affected by the following accounting events during 2018: 1. Purchased $3,600 of supplies on account. 2. Earned and collected $12,300 of cash revenue. 3. Paid $2,700 cash on accounts payable. 4. Adjusted the records to reflect the use of supplies. A physical count indicated that $250 of supplies was still on hand on December 31, 2018. Required...
Data Table Cash Land Supplies 400 (5) Equipment 3,800 (3) 95 (4) 36,000 (7) (1) (2) (5) 9,100 (4) 8,000 6 95 (7) 5,000 290 3,800 Accounts Payable 290|(3) (6) Common Stock 1) Notes Payable (2) 8,000 |(4) 31,000 400 9,100 Print Done The first seven transactions of Devonshire Advertising, Inc., have been posted to the company's accounts: E (Click the icon to view the accounts.) Requirement 1. Prepare the journal entries that served as the sources for the seven...
Wk 1. Apply: Connect Exercise (due Mon) Saved The following financial data are for the dental practice of Dr. Donna Wells when she began operations in July 1. Owes $17,300 to the Allen Equipment Company 2. Has cash balance of $11,800. 3. Has dental supplies of $2,800 4. Owes $3,330 to Contemporary Furniture Supply 5. Has dental equipment of $24,850, 6. Has office furniture of $6,300. points Determine the amounts that would appear in Di Wells' balance sheet. Assets Liabilities...
$ 3,500 8,500 2,500 16,90 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals $ 4,000 2,eee 3,000 13,eee 8,5ee $30,500 $30,500 The following is a summary of the transactions for the year 1. January 24 Provide plumbing services for cash, $10,000, and on account, $55,000. 2. March 13 Collect on accounts receivable, $43,000. 3. May 6 Issue shares of common stock in exchange for $12,000 cash. 4. June 30 Pay...
More Info on the land. 12 The business purchased medical supplies for $1,700 on account. 15-31 During the rest of the month, Fleming treated patients and earned service revenue of 15-31 The business paid cash expenses: employee salaries, $3,600; office rent, $1,400; 15 Dr: Kim Fleming PC.,offil opened for business, $9,700, receiving cash for half the revenue earned. 31 31 31 utilities, $900. (Record the cash amount as a total and identify and record any other amounts separately.) The business...
Pizza Express Inc. began the Year 2 accounting period with $2,500 cash $1,400 of common stock, and $1,100 of retained earnings, Pizza Express was affected by the following accounting events during Year 2: 1. Purchased $3,600 of supplies on account. 2. Earned and collected $12,300 of cash revenue. 3. Paid $2,700 cash on accounts payable. 4. Adjusted the records to reflect the use of supplies. A physical count indicated that $250 of supplies was still on hand on December 31,...
Debit Company Adjusted Trial Balance December 31, 20X7 Cash $6,500 Accounts receivable 8,000 Supplies 1,000 Prepaid Rent (3 months) 2,500 Equipment, net 42,000 Accounts payable Salary payable Unearned revenue (2 month advance) Note payable - long term Common stock Retained earnings Dividends 4,000 Service revenue Salary expense 40,000 Rent expense 10,000 Supplies expense 1,500 Depreciation expense 5,000 Utilities expense 1,200 $4,000 2,000 2,000 14,000 10,000 14,700 75,000 Total $121,700 $121.700 *Assume 30% income tax Balance Sheet Assets Liabilities Total Liabilities...
Pizza Express Inc.
began the Year 2 accounting period with $2,500 cash, $1,400 of
common stock, and $1,100 of retained earnings. Pizza Express was
affected by the following accounting events during Year
2:
Purchased $3,600 of supplies on account.
Earned and collected $12,300 of cash revenue.
Paid $2,700 cash on accounts payable.
Adjusted the records to reflect the use of supplies. A physical
count indicated that $250 of supplies was still on hand on December
31, Year 2.
Required
a....
correct this:
Pizza Express Inc. began the 2016 accounting period with $9,000 cash, $6,500 of common stock, and $2,500 of retained earnings. Pizza Express was affected by the following acCcounting events during 2016: 1. Purchased $10,500 of supplies on account. 2. Earned and collected $28,000 of cash revenue. 3. Paid $9,000 cash on accounts payable. 4. Adjusted the records toeor 31 2016 was still supplies. A physical count indicated that $3,000 of supplies hand on December Required a. Show the...
Pizza Express Inc. began the 2018 accounting period with $2,500 cash, $1,400 of common stock, and $1,100 of retained earnings. Pizza Express was affected by the following accounting events during 2018: 1. Purchased $3,600 of supplies on account. 2. Earned and collected $12,300 of cash revenue. 3. Paid $2,700 cash on accounts payable. 4. Adjusted the records to reflect the use of supplies. A physical count indicated that $250 of supplies was still on hand on December 31, 2018. Required...
Most questions answered within 3 hours.
-
A coach uses a new technique to train gymnasts. Seven
gymnasts were randomly selected and their...
asked 1 hour ago -
While rotating the tires on your car you notice a rock [mass =
0.1 Kg] stuck...
asked 3 hours ago -
Using MARS simulator, write MIPS programs according to
the following scenarios: Receive a positive integer number...
asked 5 hours ago -
An object in front of a concave mirror has a real image that is
11.5 cm...
asked 5 hours ago -
Consider the reaction, C3 H8 + O2 --> CO2 + H2O. How many
moles of O2...
asked 7 hours ago -
You and your opponent both roll a fair die. If you both roll the
same number,...
asked 8 hours ago -
In a study of the accuracy of fast food​ drive-through orders,
Restaurant A had 257 accurate...
asked 8 hours ago -
Identify and describe in detail the four categories of
institutions that could be included in a...
asked 8 hours ago -
In python
class Customer:
def __init__(self, customer_id, last_name, first_name, phone_number, address):
self._customer_id = int(customer_id)
self._last_name =...
asked 8 hours ago -
What is an example of a limitation in implementing a new
ERP system and how it...
asked 8 hours ago -
In a section of 9.7cm of an artery with a radius of 2.6mm there
is a...
asked 8 hours ago -
the two carboxylic acid groups of aspartic acid have different
acidities with pKa values of 2.1...
asked 8 hours ago