Question

Pandey Inc had the following activities during the month 2 A Borrowed $810.000 cash, signing a promissory note. 3. Bought a building for $1,020.000 paying $240.000 in cash and signing a promissory note for $780,000 C.Rented equipment at a cost of $21000 per month and issued a check covering six months' rent. D. Provided $160,000 of services and billed customers. E Purchased $52.000 of supplies on account F. Received a utilybill for the current period in the amount of $3,400. G. Raised sales prices on 200 units from $450 per un to $550 per un H. Received a 50% deposit from a customer on a 542.000 order to be filled next month Required a. Analyze the events listed below by indicating the accounts and amounts involved in the table below. In the column labeled select the sign that describes how the accounting equation is affected. the event should not to be recorded as a transaction, leave blank (Enter all amounts es positive values.) Liabilities Stockholders' Equity 810.000 810.000 Notes Payable Notas Payable C Equipment Service Revere Euples ASUS Pate PD Payable Deferred Revenue

Answer 1

The answer has been presented in the supporting sheet. For detailed answer refer to the supporting sheet.

1 Answer 2 3 4 5 + Stockholders Equity + + 810000 + 6 A 7 B 8 + + 780000| + + Assets Cash Building Cash Cash Prepaid Rent Account Receivable Supplies 9c Liabilities 810000) = Notes Payable 1020000] = Notes Payable 240000 = 126000/= 105000) = 160000/= 52000= Account Payable = Utilities Payable + Rent Expense 21000 10 + + + + 160000 + + 11 D 12 E 13 F 14 G 15 H + Service Revenue 52000 + 3400 + Utilties expense + 3400 + Cash + 21000 = Deferred Revenue + 21000 +