Homework Answers
a.
| Cash | Land | Notes Payable | Common Stock | Retained Earnings | ||
| Beg Bal | $ 16,000 | $ 26,000 | $ 12,600 | $ 7,600 | $ 21,800 | |
| 1 | $ (8,000) | $ 8,000 | ||||
| 2 | $ 31,000 | $ 31,000 | ||||
| 3 | $ 70,000 | $ 70,000 | Service Revenue | |||
| 4 | $ (41,400) | $ (41,400) | Operating Expenses | |||
| 5 | $ 16,000 | $ 16,000 | ||||
| 6 | $ (8,000) | $ (8,000) | Dividend | |||
| 7 | No Entry | |||||
| End Bal | $ 75,600 | $ 34,000 | $ 28,600 | $ 38,600 | $ 42,400 |
b.
Assets = $109600
Liabilities = $28600
Stockholder's Equity = $81000
c.
Assets = $109600
Liabilities = $28600
Stockholder's Equity = $81000
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Check my Accounting Titles for Retained Earnings Event Assets Land 26,000 Cash 16,000 Liabilities Notes Payable...
Retained Earnings Notes Payable 12,600 Cash 16,000 Land 26,000 Balance 1/1/2018 Common Stock 7,600 21,800 Better...
Retained Earnings Notes Payable 12,600 Cash 16,000 Land 26,000 Balance 1/1/2018 Common Stock 7,600 21,800 Better Corp. completed the following transactions during 2018: 1. Purchased land for $8,000 cash, 2. Acquired $31,000 cash from the issue of common stock. 3. Received $70,000 cash for providing services to customers. 4. Paid cash operating expenses of $41,400. 5. Borrowed $16,000 cash from the bank. 6. Paid a $8,000 cash dividend to the stockholders. 7. Determined that the market value of the land...
Hello! dong some practice extra credit and in need of some help Thank you Accounting Titles...
Hello! dong some practice extra credit and in need of some help
Thank you
Accounting Titles for Retain Earnings BETTER CORP Accounting Equation Liabilities - Stockholders' Equity Notes Payable Common Stock Retained Earnings 12,38e 7.300 16,488 Event Assets Land 23,00 Cash 1 3,889 Balance 01/01/Year 2 Better Corp. completed the following transactions during Year 2: 1. Purchased land for $6,500 cash. 2 Acquired $28.000 cash from the issue of common stock. 3. Received $67,000 cash for providing services to customers....
Better Corp.completed the following transactions during Year 2: 1. Purchased land for $7,000 cash. 2. Acquired...
Better Corp.completed the following transactions during Year 2: 1. Purchased land for $7,000 cash. 2. Acquired $29,000 cash from the issue of common stock 3. Received $68,000 cash for providing services to customers. 4. Pald cash operating expenses of $41,600. 5. Borrowed $14.000 cash from the bank. 6. Paid a $7,000 cash dividend to the stockholders. 7. Determined that the market value of the land purchased in event is $39,000 Required . Record the transactions in the appropriate general ledger...
Check m At tne beginning or rear 2, Better Corp.s accounting recoras naa tne roliowing generai...
Check m At tne beginning or rear 2, Better Corp.s accounting recoras naa tne roliowing generai ieager accounts ana Daiances BETTER CORP. Accounting Equation Event Assets Liabilities Accounting Titles for Retained Earnings Stockholders' Equity Land 20,000 Cash Notes Payable Common Stock Retained Earnings 11,000 Balance 01/01/Year 2 10,000 12,000 7,000 Better Corp. completed the following transactions during Year 2: 1 Purchased land for $5,000 cash. 2. Acquired $25,000 cash from the issue of common stock 3. Received $75,000 cash for...
At the beginning of Year 2, Better Corp.’s accounting records had the following general ledger accounts...
At the beginning of Year 2, Better Corp.’s accounting records
had the following general ledger accounts and balances.
Better Corp. completed the following transactions during Year
2:
Purchased land for $6,000 cash.
Acquired $27,000 cash from the issue of common stock.
Received $66,000 cash for providing services to customers.
Paid cash operating expenses of $41,800.
Borrowed $12,000 cash from the bank.
Paid a $6,000 cash dividend to the stockholders.
Determined that the market value of the land purchased in event...
t the beginning of Year 2, Better Corp's accounting records had the following general ledger accounts...
t the beginning of Year 2, Better Corp's accounting records had the following general ledger accounts and balances. BETTER CORP. Accounting Equation . Liabilities+ Stockholders Equity stockR Event Assets Cash 24,000 Retained Earnings Land 34,000 Balance 01/01/Year 2 13,400 8,400 36,200 Better Corp. completed the following transactions during Year: 1. Purchased land for $12,000 cash. 2. Acquired $39,000 cash from the issue of common stock 3. Received $78,000 cash for providing services to customers. 4. Paid cash operating expenses of...
At the beginning of Year 2, Better Corp.'s accounting records had the following general ledger accounts...
At the beginning of Year 2, Better Corp.'s accounting records had the following general ledger accounts and balances. BETTER CORP Accounting Equation Accounting Titles for Retained Earnings Event Liabilities + Notes Payable Common Stock Retained Earnings Assets Stockholders' Equit Cash 15,000 Land 25,000 Balance 01/01/Year 2 12,500 7,500 20,000 Better Corp. completed the following transactions during Year 2: 1. Purchased land for $7,500 cash. 2. Acquired $30,000 cash from the issue of common stock. 3. Received $69,000 cash for providing...
Assets = Liabilities + Stockholder's Equity Cash + Land Notes Payable Common Stocks Retained Earnings Affected...
Assets = Liabilities + Stockholder's Equity Cash + Land Notes Payable Common Stocks Retained Earnings Affected Account Balances $ 16,000 + $ 40,000 = $ 10,000 + $ 32,000 + $ 14,000 1 $ + = + $ + 2 + = + + 3 + = $ + + 4 + = + + 5 + = + + 6 + = + + Totals + = $ + $ + $ Company transactions during the accounting period: 1....
At the beginning of 2018, Better Corp's accounting records had the following general ledger accounts and...
At the beginning of 2018, Better Corp's accounting records had the following general ledger accounts and balances: BETTER CORP. Accounting Equation Accounting Titles for Retained Earnings Event Assets = + Cash Land 23,000 33,000 Liabilities Notes Payable 13,300 Stockholders' Equity Common Retained Stock Earnings 8,300 34,400 1/1/2018 Better Corp. completed the following transactions during 2018: 1. Purchased land for $11,500 cash. 2. Acquired $38,000 cash from the issue of common stock. 3. Received $77,000 cash for providing services to customers....
At the beginning of 2018, Better Corp.'s accounting records had the following general ledger accounts and...
At the beginning of 2018, Better Corp.'s accounting records had the following general ledger accounts and balances: BETTER CORP. Accounting Equation Event Assets = + Accounting Titles for Retained Earnings Liabilities Notes Payable 12,100 Cash Land 11,000 21,000 - Stockholders' Equity Common Retained Stock Earnings 7,100 12,800 Balance 1/1/2018 Better Corp. completed the following transactions during 2018: 1. Purchased land for $5,500 cash. 2. Acquired $26,000 cash from the issue of common stock. 3. Received $65,000 cash for providing services...
Retained Earnings Notes Payable 12,600 Cash 16,000 Land 26,000 Balance 1/1/2018 Common Stock 7,600 21,800 Better Corp. completed the following transactions during 2018: 1. Purchased land for $8,000 cash, 2. Acquired $31,000 cash from the issue of common stock. 3. Received $70,000 cash for providing services to customers. 4. Paid cash operating expenses of $41,400. 5. Borrowed $16,000 cash from the bank. 6. Paid a $8,000 cash dividend to the stockholders. 7. Determined that the market value of the land...
Hello! dong some practice extra credit and in need of some help
Thank you
Accounting Titles for Retain Earnings BETTER CORP Accounting Equation Liabilities - Stockholders' Equity Notes Payable Common Stock Retained Earnings 12,38e 7.300 16,488 Event Assets Land 23,00 Cash 1 3,889 Balance 01/01/Year 2 Better Corp. completed the following transactions during Year 2: 1. Purchased land for $6,500 cash. 2 Acquired $28.000 cash from the issue of common stock. 3. Received $67,000 cash for providing services to customers....
Better Corp.completed the following transactions during Year 2: 1. Purchased land for $7,000 cash. 2. Acquired $29,000 cash from the issue of common stock 3. Received $68,000 cash for providing services to customers. 4. Pald cash operating expenses of $41,600. 5. Borrowed $14.000 cash from the bank. 6. Paid a $7,000 cash dividend to the stockholders. 7. Determined that the market value of the land purchased in event is $39,000 Required . Record the transactions in the appropriate general ledger...
Check m At tne beginning or rear 2, Better Corp.s accounting recoras naa tne roliowing generai ieager accounts ana Daiances BETTER CORP. Accounting Equation Event Assets Liabilities Accounting Titles for Retained Earnings Stockholders' Equity Land 20,000 Cash Notes Payable Common Stock Retained Earnings 11,000 Balance 01/01/Year 2 10,000 12,000 7,000 Better Corp. completed the following transactions during Year 2: 1 Purchased land for $5,000 cash. 2. Acquired $25,000 cash from the issue of common stock 3. Received $75,000 cash for...
At the beginning of Year 2, Better Corp.’s accounting records
had the following general ledger accounts and balances.
Better Corp. completed the following transactions during Year
2:
Purchased land for $6,000 cash.
Acquired $27,000 cash from the issue of common stock.
Received $66,000 cash for providing services to customers.
Paid cash operating expenses of $41,800.
Borrowed $12,000 cash from the bank.
Paid a $6,000 cash dividend to the stockholders.
Determined that the market value of the land purchased in event...
t the beginning of Year 2, Better Corp's accounting records had the following general ledger accounts and balances. BETTER CORP. Accounting Equation . Liabilities+ Stockholders Equity stockR Event Assets Cash 24,000 Retained Earnings Land 34,000 Balance 01/01/Year 2 13,400 8,400 36,200 Better Corp. completed the following transactions during Year: 1. Purchased land for $12,000 cash. 2. Acquired $39,000 cash from the issue of common stock 3. Received $78,000 cash for providing services to customers. 4. Paid cash operating expenses of...
At the beginning of Year 2, Better Corp.'s accounting records had the following general ledger accounts and balances. BETTER CORP Accounting Equation Accounting Titles for Retained Earnings Event Liabilities + Notes Payable Common Stock Retained Earnings Assets Stockholders' Equit Cash 15,000 Land 25,000 Balance 01/01/Year 2 12,500 7,500 20,000 Better Corp. completed the following transactions during Year 2: 1. Purchased land for $7,500 cash. 2. Acquired $30,000 cash from the issue of common stock. 3. Received $69,000 cash for providing...
At the beginning of 2018, Better Corp's accounting records had the following general ledger accounts and balances: BETTER CORP. Accounting Equation Accounting Titles for Retained Earnings Event Assets = + Cash Land 23,000 33,000 Liabilities Notes Payable 13,300 Stockholders' Equity Common Retained Stock Earnings 8,300 34,400 1/1/2018 Better Corp. completed the following transactions during 2018: 1. Purchased land for $11,500 cash. 2. Acquired $38,000 cash from the issue of common stock. 3. Received $77,000 cash for providing services to customers....
At the beginning of 2018, Better Corp.'s accounting records had the following general ledger accounts and balances: BETTER CORP. Accounting Equation Event Assets = + Accounting Titles for Retained Earnings Liabilities Notes Payable 12,100 Cash Land 11,000 21,000 - Stockholders' Equity Common Retained Stock Earnings 7,100 12,800 Balance 1/1/2018 Better Corp. completed the following transactions during 2018: 1. Purchased land for $5,500 cash. 2. Acquired $26,000 cash from the issue of common stock. 3. Received $65,000 cash for providing services...
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