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a. Received $80,000 cash when issuing 8,000 new common shares. b. Purchased land by paying $2,000...
a. Received $96,000 cash when issuing 9,600 new common shares. b. Purchased land by paying $7,500...
a. Received $96,000 cash when issuing 9,600 new common shares. b. Purchased land by paying $7,500 cash and signing a note payable for $11,500 due in three years. c. Hired a new aesthetician for a salary of $2,600 a month, starting next month. d. NGS purchased a company car for $34,000 cash (list price of $37,000) to assist in running errands for the business. e. Bought and received $950 In supplies for the spa on credit. f. Paid $230 of...
a. Received $96,000 cash when Issuing 9,600 new common shares. b. Purchased land by paying $7,500...
a. Received $96,000 cash when Issuing 9,600 new common shares. b. Purchased land by paying $7,500 cash and signing a note payable for $11,500 due in three years. c. Hired a new aesthetician for a salary of $2,600 a month, starting next month. d. NGS purchased a company car for $34,000 cash (list price of $37,000) to assist in running errands for the business. e. Bought and received $950 in supplies for the spa on credit. Pald $230 of the...
Check my work Part 2 of 4 Required information The following information applies to the questions...
Check my work Part 2 of 4 Required information The following information applies to the questions displayed below.) Nicole has decided that she is going to start her business, Nicole's Getaway Spa (NGS). A lot has to be done when starting a new business. Here are some transactions that have occurred prior to April 30. Doints eBook a. Received $100,000 cash when issuing 10,000 new common shares. b. Purchased land by paying $9,500 cash and signing a note payable for...
CLA1 Accounting for the establishment of a business LU 2-1, LU 2-2, LU 2-3, LU 2-4,...
CLA1 Accounting for the establishment of a business LU 2-1, LU 2-2, LU 2-3, LU 2-4, LU 2-5) The following information applies to the questions displayed below] Nicole has decided that she is going to start her business, Nicole's Getaway Spa (NGS). A lot has to be done when starting a new business. Here are some transactions that have occurred prior to April 30 a Received 585,000 cash when issuing 8,500 new common shares b. Purchased and by paying $4,500...
Nicole has decided that she is going to start her business, Nicole's Getaway Spa (NGS). A...
Nicole has decided that she is going to start her business, Nicole's Getaway Spa (NGS). A lot has to be done when starting a new business. Here are some transactions that have occurred prior to April 30. a. Received $96,000 cash when issuing 9,600 new common shares. b. Purchased land by paying $7,500 cash and signing a note payable for $11.500 due in three years. c. Hired a new aesthetician for a salary of $2,600 a month, starting next month....
Check my work 11 Part 4 of 4 Required information The following information applies to the...
Check my work 11 Part 4 of 4 Required information The following information applies to the questions displayed below.) Nicole has decided that she is going to start her business, Nicole's Getaway Spa (NGS). A lot has to be done when starting a new business. Here are some transactions that have occurred prior to April 30. Doints eBook a. Received $100,000 cash when issuing 10,000 new common shares. b. Purchased land by paying $9,500 cash and signing a note payable...
Required information CC2-1 Accounting for the Establishment of a Business [LO 2-1, LO 2-2, LO 2-3,...
Required information CC2-1 Accounting for the Establishment of a Business [LO 2-1, LO 2-2, LO 2-3, LO 2-4, LO 2-5) [The following information applies to the questions displayed below.) Nicole has decided that she is going to start her business, Nicole's Getaway Spa (NGS). A lot has to be done when starting a new business. Here are some transactions that have occurred prior to April 30. a. Received $91,000 cash when issuing 9,100 new common shares. b. Purchased land by...
CC2-1 Accounting for the Establishment of a Business [LO1, LO2, LO3, LO4, LO5] Nicole has decided...
CC2-1 Accounting for the Establishment of a Business [LO1, LO2, LO3, LO4, LO5] Nicole has decided that she is going to start her business, Nicole's Getaway Spa (NGS). A lot has to be done when starting a new business. Here are some transactions that have occurred prior to April 30, 2017 a. Received $78,300 cash when issuing 7,830 new shares. b. Purchased some land by paying $1,700 cash and signing a note payable for $8,500 due in 2017. c. Hired...
a. Borrowed $3,940 from a local bank on a note due in six months. b. Received...
a. Borrowed $3,940 from a local bank on a note due in six months. b. Received $4,630 cash from investors and issued common stock to them. c. Purchased $1,000 in equipment, paying $200 cash and promising the rest on a note due in one year. d. Paid $300 cash for supplies. e. Bought and received $700 of supplies on account. Post the effects to the appropriate T-accounts and determine ending account balances. Show a beginning balance of zero. Cash Supplies...
a. Borrowed $3,940 from a local bank on a note due in six months. b. Received...
a. Borrowed $3,940 from a local bank on a note due in six months. b. Received $4,630 cash from investors and issued common stock to them. c. Purchased $1,000 in equipment, paying $200 cash and promising the rest on a note due in one year d. Paid $300 cash for supplies. e. Bought and received $700 of supplies on account. Post the effects to the appropriate T-accounts and determine ending account balances. Show a beginning balance of zero. Cash Supplies...
a. Received $96,000 cash when issuing 9,600 new common shares. b. Purchased land by paying $7,500 cash and signing a note payable for $11,500 due in three years. c. Hired a new aesthetician for a salary of $2,600 a month, starting next month. d. NGS purchased a company car for $34,000 cash (list price of $37,000) to assist in running errands for the business. e. Bought and received $950 In supplies for the spa on credit. f. Paid $230 of...
a. Received $96,000 cash when Issuing 9,600 new common shares. b. Purchased land by paying $7,500 cash and signing a note payable for $11,500 due in three years. c. Hired a new aesthetician for a salary of $2,600 a month, starting next month. d. NGS purchased a company car for $34,000 cash (list price of $37,000) to assist in running errands for the business. e. Bought and received $950 in supplies for the spa on credit. Pald $230 of the...
Check my work Part 2 of 4 Required information The following information applies to the questions displayed below.) Nicole has decided that she is going to start her business, Nicole's Getaway Spa (NGS). A lot has to be done when starting a new business. Here are some transactions that have occurred prior to April 30. Doints eBook a. Received $100,000 cash when issuing 10,000 new common shares. b. Purchased land by paying $9,500 cash and signing a note payable for...
CLA1 Accounting for the establishment of a business LU 2-1, LU 2-2, LU 2-3, LU 2-4, LU 2-5) The following information applies to the questions displayed below] Nicole has decided that she is going to start her business, Nicole's Getaway Spa (NGS). A lot has to be done when starting a new business. Here are some transactions that have occurred prior to April 30 a Received 585,000 cash when issuing 8,500 new common shares b. Purchased and by paying $4,500...
Nicole has decided that she is going to start her business, Nicole's Getaway Spa (NGS). A lot has to be done when starting a new business. Here are some transactions that have occurred prior to April 30. a. Received $96,000 cash when issuing 9,600 new common shares. b. Purchased land by paying $7,500 cash and signing a note payable for $11.500 due in three years. c. Hired a new aesthetician for a salary of $2,600 a month, starting next month....
Check my work 11 Part 4 of 4 Required information The following information applies to the questions displayed below.) Nicole has decided that she is going to start her business, Nicole's Getaway Spa (NGS). A lot has to be done when starting a new business. Here are some transactions that have occurred prior to April 30. Doints eBook a. Received $100,000 cash when issuing 10,000 new common shares. b. Purchased land by paying $9,500 cash and signing a note payable...
Required information CC2-1 Accounting for the Establishment of a Business [LO 2-1, LO 2-2, LO 2-3, LO 2-4, LO 2-5) [The following information applies to the questions displayed below.) Nicole has decided that she is going to start her business, Nicole's Getaway Spa (NGS). A lot has to be done when starting a new business. Here are some transactions that have occurred prior to April 30. a. Received $91,000 cash when issuing 9,100 new common shares. b. Purchased land by...
CC2-1 Accounting for the Establishment of a Business [LO1, LO2, LO3, LO4, LO5] Nicole has decided that she is going to start her business, Nicole's Getaway Spa (NGS). A lot has to be done when starting a new business. Here are some transactions that have occurred prior to April 30, 2017 a. Received $78,300 cash when issuing 7,830 new shares. b. Purchased some land by paying $1,700 cash and signing a note payable for $8,500 due in 2017. c. Hired...
a. Borrowed $3,940 from a local bank on a note due in six months. b. Received $4,630 cash from investors and issued common stock to them. c. Purchased $1,000 in equipment, paying $200 cash and promising the rest on a note due in one year. d. Paid $300 cash for supplies. e. Bought and received $700 of supplies on account. Post the effects to the appropriate T-accounts and determine ending account balances. Show a beginning balance of zero. Cash Supplies...
a. Borrowed $3,940 from a local bank on a note due in six months. b. Received $4,630 cash from investors and issued common stock to them. c. Purchased $1,000 in equipment, paying $200 cash and promising the rest on a note due in one year d. Paid $300 cash for supplies. e. Bought and received $700 of supplies on account. Post the effects to the appropriate T-accounts and determine ending account balances. Show a beginning balance of zero. Cash Supplies...
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