Homework Answers
Total revenue generated in the month of January = $ 37,500
(3) Received $ 13,500 in cash for consulting services perfomed in January.
(5) Provided consultancy services on account in the amount of $ 24,000
These are the only revenue transactions in the month of January.
Add Answer to:
During January 2018, the first month of operations, a consulting firm had following transactions: 1. Issued...
During January 2018, the first month of operations, a consulting firm had following transactions: Issued common...
During January 2018, the first month of operations, a consulting firm had following transactions: Issued common stock to owners in exchange for $30,000 cash. Purchased $7,500 of equipment, paying $2,250 cash and signing a promissory note for $5,250. Received $13,500 in cash for consulting services performed in January. Purchased $2,250 of supplies on account; all of the supplies were used in January. Provided consulting services on account in the amount of $24,000. Paid $1,125 on account. Paid $4,500 to employees...
During January 2018, the first month of operations, a consulting firm had following transactions: 1. Issued...
During January 2018, the first month of operations, a consulting firm had following transactions: 1. Issued common stock to owners in exchange for $48,000 cash. 2. Purchased $12,000 of equipment, paying $2,400 cash and signing a promissory note for $9,600. 3. Received $21,600 in cash for consulting services performed in January. 4. Purchased $3,600 of supplies on account; all of the supplies were used in January 5. Provided consulting services on account in the amount of $38,400. 6. Paid $1,800...
During February 2020, the first month of operations, Vaughn Consulting firm had following transactions: 1. Issued...
During February 2020, the first month of operations, Vaughn Consulting firm had following transactions: 1. Issued common stock to owners in exchange for $34,000 cash. 2. Purchased $8,500 of equipment, paying $2,550 cash and signing a promissory note for $5,950. 3. Received $15,300 in cash for consulting services performed in January 4. Purchased $2,550 of supplies on account; all of the supplies were used in January. 5. Provided consulting services on account in the amount of $27,200. 6. Paid $1,275...
Choose which one? Thanks. During January 2018, the first month of operations, a consulting firm had...
Choose which one? Thanks.
During January 2018, the first month of operations, a consulting firm had following transactions: 1. Issued common stock to owners in exchange for $46,000 cash. 2. Purchased $11,500 of equipment, paying $3,450 cash and signing a promissory note for $8,050. 3. Received $20,700 in cash for consulting services performed in January. 4. Purchased $3,450 of supplies on account, all of the supplies were used in January. 5. Provided consulting services on account in the amount of...
Required information (The following information applies to the questions displayed below.) During January 2015, the first...
Required information (The following information applies to the questions displayed below.) During January 2015, the first month of operations, a consulting firm had following transactions: 1. Issued common stock to owners in exchange for $24,000 cash. 2. Purchased $6,000 of equipment, paying $1,200 cash and signing a promissory note for $4,800. 3. Received $10,800 in cash for consulting services performed in January. 4. Purchased $1,800 of supplies on account; all of the supplies were used in January. 5. Provided consulting...
in January 2013, a new consulting firm recorded the following transactions: 1. issued stock to investors...
in January 2013, a new consulting firm recorded the following transactions: 1. issued stock to investors for $20,000. 2. purchased $5000 of equipment, paying 20% in cash and giving a promissory note for the balance. 3. Received $9000 in cash for consulting services performed in January. 4. Bought $1500 of supplies on account; all of the supplies were used in January. 5. provided consulting services for clients and billed them $16,000. 6. Paid $750 towards the supplies purchased in #4....
Question 1 Maury Wills started an environmental consulting business & during the first month of operations...
Question 1 Maury Wills started an environmental consulting business & during the first month of operations (June 2008) completed the following transactions: a) b) Wills began the business with an investment of $25,000 cash and a building valued at $30,000. The business gave Wills the owner's equity in the firm. Purchased office supplies on account, $2,100 Paid $18,000 for office furniture Paid employee's salary, $2,200 Performed consulting service on account, $5,100 Paid $800 on the account payable created in transaction...
In January, Tongo, Inc., a branding consultant, had the following transactions. Received $13,200 cash for consulting...
In January, Tongo, Inc., a branding consultant, had the
following transactions.
Received $13,200 cash for consulting services rendered in
January.
Issued common stock to investors for $8,000 cash.
Purchased $11,200 of equipment, paying 25 percent in cash and
owing the rest on a note due in 2 years.
Received $11,800 cash for consulting services to be performed
in February.
Bought and received $1,750 of supplies on account.
Received utility bill for January for $2,060, due February
15.
Consulted for customers...
Wainright Industries reports the following transactions during its first month of operations: 1. Issued 10,000 shares...
Wainright Industries reports the following transactions during its first month of operations: 1. Issued 10,000 shares of common stock for $15,000 cash. 2. Purchased land for $12,000, signing a note payable for the full amount. 3. Purchased office equipment for $1,200 cash. 4. Received cash of $14,000 for services provided to customers during the month. 5. Received cash of $8,500 for services to be provided to customers in the following month, 6. Purchased $800 of office supplies on account 7....
Wainright Industries reports the following transactions during its first month of operations: 1. Issued 10,000 shares...
Wainright Industries reports the following transactions during its first month of operations: 1. Issued 10,000 shares of common stock for $15,000 cash. 2. Purchased land for $12,000, signing a note payable for the full amount. 3. Purchased office equipment for $1,200 cash. 4. Received cash of $14,000 for services provided to customers during the month. 5. Received cash of $8,500 for services to be provided to customers in the following month. 6. Purchased $800 of office supplies on account. 7....
During January 2018, the first month of operations, a consulting firm had following transactions: 1. Issued common stock to owners in exchange for $48,000 cash. 2. Purchased $12,000 of equipment, paying $2,400 cash and signing a promissory note for $9,600. 3. Received $21,600 in cash for consulting services performed in January. 4. Purchased $3,600 of supplies on account; all of the supplies were used in January 5. Provided consulting services on account in the amount of $38,400. 6. Paid $1,800...
During February 2020, the first month of operations, Vaughn Consulting firm had following transactions: 1. Issued common stock to owners in exchange for $34,000 cash. 2. Purchased $8,500 of equipment, paying $2,550 cash and signing a promissory note for $5,950. 3. Received $15,300 in cash for consulting services performed in January 4. Purchased $2,550 of supplies on account; all of the supplies were used in January. 5. Provided consulting services on account in the amount of $27,200. 6. Paid $1,275...
Choose which one? Thanks.
During January 2018, the first month of operations, a consulting firm had following transactions: 1. Issued common stock to owners in exchange for $46,000 cash. 2. Purchased $11,500 of equipment, paying $3,450 cash and signing a promissory note for $8,050. 3. Received $20,700 in cash for consulting services performed in January. 4. Purchased $3,450 of supplies on account, all of the supplies were used in January. 5. Provided consulting services on account in the amount of...
Required information (The following information applies to the questions displayed below.) During January 2015, the first month of operations, a consulting firm had following transactions: 1. Issued common stock to owners in exchange for $24,000 cash. 2. Purchased $6,000 of equipment, paying $1,200 cash and signing a promissory note for $4,800. 3. Received $10,800 in cash for consulting services performed in January. 4. Purchased $1,800 of supplies on account; all of the supplies were used in January. 5. Provided consulting...
Question 1 Maury Wills started an environmental consulting business & during the first month of operations (June 2008) completed the following transactions: a) b) Wills began the business with an investment of $25,000 cash and a building valued at $30,000. The business gave Wills the owner's equity in the firm. Purchased office supplies on account, $2,100 Paid $18,000 for office furniture Paid employee's salary, $2,200 Performed consulting service on account, $5,100 Paid $800 on the account payable created in transaction...
In January, Tongo, Inc., a branding consultant, had the
following transactions.
Received $13,200 cash for consulting services rendered in
January.
Issued common stock to investors for $8,000 cash.
Purchased $11,200 of equipment, paying 25 percent in cash and
owing the rest on a note due in 2 years.
Received $11,800 cash for consulting services to be performed
in February.
Bought and received $1,750 of supplies on account.
Received utility bill for January for $2,060, due February
15.
Consulted for customers...
Wainright Industries reports the following transactions during its first month of operations: 1. Issued 10,000 shares of common stock for $15,000 cash. 2. Purchased land for $12,000, signing a note payable for the full amount. 3. Purchased office equipment for $1,200 cash. 4. Received cash of $14,000 for services provided to customers during the month. 5. Received cash of $8,500 for services to be provided to customers in the following month, 6. Purchased $800 of office supplies on account 7....
Wainright Industries reports the following transactions during its first month of operations: 1. Issued 10,000 shares of common stock for $15,000 cash. 2. Purchased land for $12,000, signing a note payable for the full amount. 3. Purchased office equipment for $1,200 cash. 4. Received cash of $14,000 for services provided to customers during the month. 5. Received cash of $8,500 for services to be provided to customers in the following month. 6. Purchased $800 of office supplies on account. 7....
Most questions answered within 3 hours.
-
Explain your experience in job, First interview and training
period in job and about your organization....
asked 7 minutes ago -
Convert 3mL of cyclohexene into grams. explain
asked 8 minutes ago -
Python: Firstly, create a function and all the work is to be
completed as 1 function...
asked 14 minutes ago -
Which of the following are possible examples of sampling
distributions? (Select all that apply.)
average male...
asked 19 minutes ago -
7. Calculate the 270° pulse width for a radio frequency field
strength of 200 kHz.
8....
asked 22 minutes ago -
The article “Effects of Diets with Whole Plant-Origin Proteins
(…) of Rainbow Trout Fingerlings” reports that...
asked 31 minutes ago -
1. If you obtain a probability = 0.0009, does this indicate the
event you are measuring...
asked 34 minutes ago -
Calcium is obtained industrially by electrolysis of molten
CaCl2 and is used in aluminum alloys. How...
asked 51 minutes ago -
Consider the Solow model with the following parameters/exogenous
variables: ?̅, ?̅ , ?̅, ?̅, ?̅, and...
asked 50 minutes ago -
Identify two analytical tools used to process data collection. How
are they processed through organizational information...
asked 50 minutes ago -
A temp sensor measures 32 F to 212 F with a scale of 30 mV/F The...
asked 1 hour ago -
Build deterministic finite automata that accepts the following
language over the alphabet Σ = {a, b}...
asked 1 hour ago