Homework Answers
| 1 | Purchased land for $21000. |
| 2 | Sold good worth $1,000 on account |
| 3 | Received $2000 cash from customers |
| 4 | Purchased office supplies for $1,000 |
| 5 | Received additional capital of $1,900 from Mulan |
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The following table shows the effects of five transactions through 5 on the assets, liabilities, and...
Check my work The following table shows the effects of five transactions (1 through 5) on...
Check my work The following table shows the effects of five transactions (1 through 5) on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description. Assets = Liabilities + Equity points Cash $ 21,000 - 4,000 Accounts + Receivable + $ 0 Office + Supplies + + $3,000 + + + 1,000 Land $ 19,000 4,000 = = Accounts Payable $ 0 + + Common Stock $ 43,000 + Revenues + $ 0...
Exercise 1-11 Identifying effects of transactions on the accounting equation LO P1 The following table shows...
Exercise 1-11 Identifying effects of transactions on the accounting equation LO P1 The following table shows the effects of transactions 1 through 5 on the assets, liabilities, and equity of Mulan's Boutique, Match the given transaction with its probable description Assets - Liabilities + Equity Accounts Payable $ 0 Common + Stock • $ 43,000 + Revenues + 4 + 1,000 Accounts Office Canh + Receivable + Supplies + Land $ 21,000+ $ 0 + $3,000 + $ 19,000 -...
The following table shows the effects of transactions /through 5 on the assets, liabilities, and equity...
The following table shows the effects of transactions /through 5 on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description. - Liabilities + Assets Equity Office Common Stock + $ 61,900 + S Accounts Accounts Payable %24 + Receivable + Supplies + $3,900 + Revenues Cash Land $28,000- 4,900 $30,000 +S 1. - 4,900+ 2. + 3. + 2,800 4. - 1,900+ 5. + 2,800+ $28,800+ +] +] 2,800 2,800 2,800 +] +]...
Identify each of the following items as assets, liabilities, or equity from the drop down provided....
Identify each of the following items as assets, liabilities, or equity from the drop down provided. 1. Accounts payable 2. Supplies 3. Taxes payable 4. Computer Equipment 5. Common stock 6. Land The following table shows the effects of five transactions (through 5) on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description. Nosota Liabilities Equity Cash $ 21.000 Accounts Office + Receivable + Supplies + + $ 0 $3,000 Land $19.000 4.000...
The following table shows the effects of transactions 1through 5on the assets, liabilities, and equity of...
The following table shows the effects of transactions 1through 5on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description. Assets = Liabilities + Equity Accounts + Receivable + Supplies + %24 Office Accounts Common Cash Land Payable Stock + Revenues +. + $28,000 4,900 + $ 61,900 + $ $30,000 + 1. - 4,900 + + $3,900 +. +] 2,800 2. + 2,800 2,800 +] +] +] 3. + 2,800 4. - 1,900...
Megalopolis Bank has the following balance sheet and income statement. For Megalopolis, calculate: Return on...
Megalopolis Bank has the following balance sheet and income
statement.
For Megalopolis, calculate:
Return on equity
Return on assets
Asset utilization
Equity multiplier
Profit margin
Interest expense ratio
Provision for loan loss ratio
Noninterest expense ratio
Tax ratio
Balance Sheet (in millions) Assets Liabilities and Equity Cash and due Demand from banks $ 9,000 deposits $ 19,000 Investment securities 23,000 NOW accounts 89,000 Repurchase agreements 42,000 Retail CDs 28,000 Loans 90,000 Debentures 19,000 Fixed assets 15,000 Total liabilities $155,000...
prepares a “Statement of Cash Flows” for the year ended December 31, 2018.  
prepares a “Statement of Cash Flows” for the year ended December 31, 2018. Keith corporation balance sheet December 31 Assets 2003 2002 Cash $1,500 $1,000 Marketable securities 1,800 1,200 Accounts receivable 2,000 1,800 Inventories 2,900 2,800 Total current assets $8,200 $6,800 Gross fixed assets $29,500 $28,100 Less: Accumulated depreciation 14,700 13,100 Net fixed assets $14,800 $15,000 Total Assets $23,000 $21,000 Liabilities and Stockholders’ Equity Accounts payable $1,600 $1,500 Notes payable 2,800 2,200 Accruals 200 300 Total current liabilities $4,600 $4,000 Long -term debt $5,000 $5,000 Common stock $10,000 $10,000 Retained earnings 3,400 2,800 Total stockholders’ equity $13,400 $12,800 Total Liabilities and stockholders” equity $23,000 $21,800 Income Statement Data(2003) Depreciation expense $1,600 Earning before interest taxes 2,700 Taxes 933 Net profits...
Assets Cash $7,000 Accounts Receivable 6,000 Supplies ...
Assets Cash $7,000 Accounts Receivable 6,000 Supplies 2,000 Equipment 10,000 Total Assets $25,000 Liabilities & Equity Accounts Payable $3,000 Common Stock 20,000 Retained Earnings 2,000 Total Liabilities & Equity $25,000 Instructions: Open the balances in the general ledger (T-accounts). Post the journal entries from the general journal to the general...
Calculate the Following Ratios Net Interest Margin Profit Margin ROE ROA Spread Ratio Asset Utilization Ratio...
Calculate the Following Ratios
Net
Interest Margin
Profit
Margin
ROE
ROA
Spread
Ratio
Asset
Utilization Ratio
Equity
Multiplier
Provision for loan loss ratio
Boca State Bank Income Statement Month Ending July 31, 2020 Boca State Bank Balance Sheet July 31, 2020 Income Amount($) $9,000 $4,000 Interest on fees and loans Interest on investment securities interest on reverse repos interest on deposits in other banks Total Income Assets Cash and due from banks Investment securities Reverse Repos Loans Fixed asset other...
1. a. The balance sheet shows a company's assets and liabilities, at one point in time...
1. a. The balance sheet shows a company's assets and liabilities, at one point in time assets and liabilities; over a period of time revenue and costs; at one point in time revenue and costs, over a period of time b. Which are examples of current assets? Check all that apply: Cash Accounts receivable Accrued expenses Inventory c. Which are examples of current liabilities? Check all that apply: Accounts payable Accrued wages Current portion of long-term debt Paid-in capital 2....
Check my work The following table shows the effects of five transactions (1 through 5) on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description. Assets = Liabilities + Equity points Cash $ 21,000 - 4,000 Accounts + Receivable + $ 0 Office + Supplies + + $3,000 + + + 1,000 Land $ 19,000 4,000 = = Accounts Payable $ 0 + + Common Stock $ 43,000 + Revenues + $ 0...
Exercise 1-11 Identifying effects of transactions on the accounting equation LO P1 The following table shows the effects of transactions 1 through 5 on the assets, liabilities, and equity of Mulan's Boutique, Match the given transaction with its probable description Assets - Liabilities + Equity Accounts Payable $ 0 Common + Stock • $ 43,000 + Revenues + 4 + 1,000 Accounts Office Canh + Receivable + Supplies + Land $ 21,000+ $ 0 + $3,000 + $ 19,000 -...
The following table shows the effects of transactions /through 5 on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description. - Liabilities + Assets Equity Office Common Stock + $ 61,900 + S Accounts Accounts Payable %24 + Receivable + Supplies + $3,900 + Revenues Cash Land $28,000- 4,900 $30,000 +S 1. - 4,900+ 2. + 3. + 2,800 4. - 1,900+ 5. + 2,800+ $28,800+ +] +] 2,800 2,800 2,800 +] +]...
Identify each of the following items as assets, liabilities, or equity from the drop down provided. 1. Accounts payable 2. Supplies 3. Taxes payable 4. Computer Equipment 5. Common stock 6. Land The following table shows the effects of five transactions (through 5) on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description. Nosota Liabilities Equity Cash $ 21.000 Accounts Office + Receivable + Supplies + + $ 0 $3,000 Land $19.000 4.000...
The following table shows the effects of transactions 1through 5on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description. Assets = Liabilities + Equity Accounts + Receivable + Supplies + %24 Office Accounts Common Cash Land Payable Stock + Revenues +. + $28,000 4,900 + $ 61,900 + $ $30,000 + 1. - 4,900 + + $3,900 +. +] 2,800 2. + 2,800 2,800 +] +] +] 3. + 2,800 4. - 1,900...
Megalopolis Bank has the following balance sheet and income
statement.
For Megalopolis, calculate:
Return on equity
Return on assets
Asset utilization
Equity multiplier
Profit margin
Interest expense ratio
Provision for loan loss ratio
Noninterest expense ratio
Tax ratio
Balance Sheet (in millions) Assets Liabilities and Equity Cash and due Demand from banks $ 9,000 deposits $ 19,000 Investment securities 23,000 NOW accounts 89,000 Repurchase agreements 42,000 Retail CDs 28,000 Loans 90,000 Debentures 19,000 Fixed assets 15,000 Total liabilities $155,000...
Calculate the Following Ratios
Net
Interest Margin
Profit
Margin
ROE
ROA
Spread
Ratio
Asset
Utilization Ratio
Equity
Multiplier
Provision for loan loss ratio
Boca State Bank Income Statement Month Ending July 31, 2020 Boca State Bank Balance Sheet July 31, 2020 Income Amount($) $9,000 $4,000 Interest on fees and loans Interest on investment securities interest on reverse repos interest on deposits in other banks Total Income Assets Cash and due from banks Investment securities Reverse Repos Loans Fixed asset other...
1. a. The balance sheet shows a company's assets and liabilities, at one point in time assets and liabilities; over a period of time revenue and costs; at one point in time revenue and costs, over a period of time b. Which are examples of current assets? Check all that apply: Cash Accounts receivable Accrued expenses Inventory c. Which are examples of current liabilities? Check all that apply: Accounts payable Accrued wages Current portion of long-term debt Paid-in capital 2....
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