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On April 1, Barbara Jones established Jones's Travel Agency. The following transactions were completed during the...
On April 1, Barbara Jones established Jones's Travel Agency. The following transactions were completed during the month. 1. 2. 4. 5. 6. 7. 8. 9. 10. Invested $16,000 cash to start the agency. Paid $600 cash for April office rent. Purchased equipment for $2,800 cash. Incurred $800 of advertising costs in the Chicago Tribune, on account. Paid $800 cash for office supplies. Performed services worth $11,000: $2,600 cash is received from customers, and the balance of $8,400 is billed to...
On April 1, Barbara Jones established Jones's Travel Agency. The following transactions were completed during the...
On April 1, Barbara Jones established Jones's Travel Agency. The following transactions were completed during the month. 1. 2. 3. 5. 6. 7. B. 9. 10. Invested $16,000 cash to start the agency. Paid $600 cash for April officerent. Purchased equipment for $2,800 cash. Incurred $800 of advertising costs in the Chicago Tribune, on account. Paid $800 cash for office supplies. Performed services worth $11,000: $2,500 cash is received from customers, and the balance of $,400 is billed to customers...
On April 1, Julie Spengel established Spengel's Travel Agency. The following transactions were completed during the month
P1.1A (LO 3, 4) On April 1, Julie Spengel established Spengel's Travel Agency. The following transactions were completed during the month. 1. Invested $15,000 cash to start the agency. 2. Paid $600 cash for April office rent. 3. Purchased equipment for $3,000 cash. 4. Incurred $700 of advertising costs in the Chicago Tribune, on account. 5. Paid $900 cash for office supplies. 6. Performed services worth $10,000: $3,000 cash is received from customers, and the balance of $7,000 is billed to customers on account. 7. Withdrew $600...
I need to complete the tabular analysis of the transactions. On April 1, Nancy Jackson established...
I need to complete the tabular analysis of the transactions. On April 1, Nancy Jackson established Jackson’s Travel Agency. The following transactions were completed during the month. 1. Invested $14,000 cash to start the agency. 2. Paid $600 cash for April office rent. 3. Purchased equipment for $3,800 cash. 4. Incurred $600 of advertising costs in the Chicago Tribune, on account. 5. Paid $900 cash for office supplies. 6. Performed services worth $11,000: $3,300 cash is received from customers, and...
Problem 1-01A a-b On April 1, Sharon Lee established Lee's Travel Agency. The following transactions were...
Problem 1-01A a-b On April 1, Sharon Lee established Lee's Travel Agency. The following transactions were completed during the month. Invested $14,000 cash to start the agency. 1. Paid $500 cash for April office rent. 2. Purchased equipment for $2,000 cash. 3. Incurred $900 of advertising costs in the Chicago Tribune, on account. 4. Paid $900 cash for office supplies. 5. Performed services worth $11,000: $3,500 cash is received from customers, and the balance of $7,500 is billed to customers...
P1.5A (LO 4,5) Writing Financial Statement Financial statement information about four differ ent companies is as...
P1.5A (LO 4,5) Writing Financial Statement Financial statement information about four differ ent companies is as follows. Psi Omega Alpha Company Beta Company Company Company $ 80,000 41,000 (a) $ 90,000 (d) 40,000 (g) 80,000 49.000 $150,000 () 90,000 January 1, 2020 Assets Liabilities Owner's equity December 31, 2020 Assets Liabilities Owner's equity Owner's equity changes in year Additional investment Drawings Total revenues Total expenses (b) 60,000 50,000 112,000 72,000 (e) 170,000 (h) 82.000 (k) 100,000 151,000 (c) 15,000 350,000...
Expenses are incurred a. only on rare occasions. b. to produce assets. c. to produce liabilities....
Expenses are incurred a. only on rare occasions. b. to produce assets. c. to produce liabilities. d. to generate revenues. On April 1, Wonder Travel Agency Inc. was established. These transactions were completed during the month. 1. Stockholders invested $30,000 cash in the company in exchange for common stock. 2. Paid $900 cash for April office rent. 3. Purchased office equipment for $3,400 cash. 4. Purchased $200 of advertising in the Chicago Tribune, on account. 5. Paid $500 cash for...
Analyse transactions and compute net income + + Cash 1. +$20,000 2. -1,000 3. -750 +4,100...
Analyse transactions and compute net income + + Cash 1. +$20,000 2. -1,000 3. -750 +4,100 5. - 1,500 6. -2,000 7. -800 8. +450 9. -3,000 10. E3.4 (LO 1), AP A tabular analysis of the transactions made during August 2022 by Wolfe Company during its first month of operations is shown as follows. Each increase and decrease in stockholders' equity is explained. Assets = Liabilities + Stockholders' Equity Retained Earnings Accounts Common A/R + Supp. + Equip. Payable...
On April 1, Larkspur, Inc. was established. These transactions were completed during the month. 1. Stockholders...
On April 1, Larkspur, Inc. was established. These transactions were completed during the month. 1. Stockholders invested $29,600 cash in the company in exchange for common stock. 2. Paid $690 cash for April office rent. 3. Purchased office equipment for $2,980 cash. 4. Purchased $110 of advertising in the Chicago Tribune, on account. 5. Paid $430 cash for office supplies. 6. Performed services worth $11,100. Cash of $3,700 is received from customers, and the balance of $7,400 is billed to...
On April 1, Kingbird, Inc. was established. These transactions were completed during the month. 1. Stockholders...
On April 1, Kingbird, Inc. was established. These transactions were completed during the month. 1. Stockholders invested $28,000 cash in the company in exchange for common stock. 2. Paid $500 cash for April office rent. 3. Purchased office equipment for $2,900 cash. 4. Purchased $100 of advertising in the Chicago Tribune, on account. 5. Paid $300 cash for office supplies. 6. Performed services worth $11,000. Cash of $2,000 is received from customers, and the balance of $9,000 is billed to...
On April 1, Barbara Jones established Jones's Travel Agency. The following transactions were completed during the month. 1. 2. 4. 5. 6. 7. 8. 9. 10. Invested $16,000 cash to start the agency. Paid $600 cash for April office rent. Purchased equipment for $2,800 cash. Incurred $800 of advertising costs in the Chicago Tribune, on account. Paid $800 cash for office supplies. Performed services worth $11,000: $2,600 cash is received from customers, and the balance of $8,400 is billed to...
On April 1, Barbara Jones established Jones's Travel Agency. The following transactions were completed during the month. 1. 2. 3. 5. 6. 7. B. 9. 10. Invested $16,000 cash to start the agency. Paid $600 cash for April officerent. Purchased equipment for $2,800 cash. Incurred $800 of advertising costs in the Chicago Tribune, on account. Paid $800 cash for office supplies. Performed services worth $11,000: $2,500 cash is received from customers, and the balance of $,400 is billed to customers...
Problem 1-01A a-b On April 1, Sharon Lee established Lee's Travel Agency. The following transactions were completed during the month. Invested $14,000 cash to start the agency. 1. Paid $500 cash for April office rent. 2. Purchased equipment for $2,000 cash. 3. Incurred $900 of advertising costs in the Chicago Tribune, on account. 4. Paid $900 cash for office supplies. 5. Performed services worth $11,000: $3,500 cash is received from customers, and the balance of $7,500 is billed to customers...
P1.5A (LO 4,5) Writing Financial Statement Financial statement information about four differ ent companies is as follows. Psi Omega Alpha Company Beta Company Company Company $ 80,000 41,000 (a) $ 90,000 (d) 40,000 (g) 80,000 49.000 $150,000 () 90,000 January 1, 2020 Assets Liabilities Owner's equity December 31, 2020 Assets Liabilities Owner's equity Owner's equity changes in year Additional investment Drawings Total revenues Total expenses (b) 60,000 50,000 112,000 72,000 (e) 170,000 (h) 82.000 (k) 100,000 151,000 (c) 15,000 350,000...
Expenses are incurred a. only on rare occasions. b. to produce assets. c. to produce liabilities. d. to generate revenues. On April 1, Wonder Travel Agency Inc. was established. These transactions were completed during the month. 1. Stockholders invested $30,000 cash in the company in exchange for common stock. 2. Paid $900 cash for April office rent. 3. Purchased office equipment for $3,400 cash. 4. Purchased $200 of advertising in the Chicago Tribune, on account. 5. Paid $500 cash for...
Analyse transactions and compute net income + + Cash 1. +$20,000 2. -1,000 3. -750 +4,100 5. - 1,500 6. -2,000 7. -800 8. +450 9. -3,000 10. E3.4 (LO 1), AP A tabular analysis of the transactions made during August 2022 by Wolfe Company during its first month of operations is shown as follows. Each increase and decrease in stockholders' equity is explained. Assets = Liabilities + Stockholders' Equity Retained Earnings Accounts Common A/R + Supp. + Equip. Payable...
On April 1, Larkspur, Inc. was established. These transactions were completed during the month. 1. Stockholders invested $29,600 cash in the company in exchange for common stock. 2. Paid $690 cash for April office rent. 3. Purchased office equipment for $2,980 cash. 4. Purchased $110 of advertising in the Chicago Tribune, on account. 5. Paid $430 cash for office supplies. 6. Performed services worth $11,100. Cash of $3,700 is received from customers, and the balance of $7,400 is billed to...
On April 1, Kingbird, Inc. was established. These transactions were completed during the month. 1. Stockholders invested $28,000 cash in the company in exchange for common stock. 2. Paid $500 cash for April office rent. 3. Purchased office equipment for $2,900 cash. 4. Purchased $100 of advertising in the Chicago Tribune, on account. 5. Paid $300 cash for office supplies. 6. Performed services worth $11,000. Cash of $2,000 is received from customers, and the balance of $9,000 is billed to...
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