Based on the accounting equation, which of the following accounts will increase stockholders' equity? Equipment. Service...
Based on the accounting equation, which of the following accounts will increase stockholders' equity?
Equipment.
Service Revenue.
Cash.
Accounts Payable.
Homework Answers
When an increase occurs in a company's earnings or capital, the overall result is an increase to the company's stockholder's equity balance. Shareholder's equity may increase from selling shares of stock, raising the company's revenues and decreasing its operating expenses.
In this question equipment and account payable will not increase stockholders’ equity
CASH AND SERVICE REVENUE INREASES SHAREHOLDERS’ EQUITY
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Based on the accounting equation, which of the following
accounts will increase stockholders' equity?
Equipment.
Service...
BE2-2 Using the notion that the accounting equation (Assets = Liabilities + Stockholders' Equity) must remain...
BE2-2 Using the notion that the accounting equation (Assets = Liabilities + Stockholders' Equity) must remain in balance, indicate whether each of the following transactions is possible. a. Cash increases; Accounts Payable decreases. b. Service Revenue increases; Salaries Payable increases. c. Advertising Expense increases; Cash decreases.
What's retained earnings. total stockholders' equity, and total liabilities and stockholders' equity? Accounts receivable $3,400 Cash...
What's retained earnings.
total stockholders' equity, and total liabilities and stockholders'
equity?
Accounts receivable $3,400 Cash $6.240 Accounts payable 3,700 Supplies 3,780 Interest payable 530 Unearned service revenue 940 Salaries and wages expense 5,400 Service revenue 41,850 Notes payable 32,500 Salaries and wages payable 770 Common stock 55,000 Depreciation expense 740 Inventory 2,810 Equipment (net) 110,600 Using the information above, prepare a balance sheet as of December 31, 2022. (List assets in order of liquidity.) Cullumber Company Balance Sheet December...
Choose the TRUE statement. A company with Liabilities of $80,000 and Stockholders' equity of $50,000 will...
Choose the TRUE statement. A company with Liabilities of $80,000 and Stockholders' equity of $50,000 will have Assets of $30,000. A company with Net Income will also have a cash increase from operating activities. A company with total stockholders' equity of $120,000 and contributed capital of $75,000 must have total retained earnings of $45,000. How many of the following statements regarding posting and classification are true? If a purchase of supplies on account for $100 is recorded with a debit...
Analyze the effect of each transaction on the accounting equation. For example, if salaries of $500...
Analyze the effect of each transaction on the accounting equation. For example, if salaries of $500 were paid, the answer would be "Decrease in stockholders' equity (expense) $500 and decrease in assets (cash) $500." a. Performed consulting services for a client in exchange for $3,200 cash. Increase assets (cash) Increase assets (cash) Decrease assets (cash) Decrease stockholders' equity (revenue) $3,200 and increase stockholders' equity (revenue) decrease assets (cash) decrease stockholders' equity (revenue) $3,200. b. Performed consulting services for a client...
Windsor, Inc. had the following accounts and balances: Accounts payable $29800 Equipment $35500 Accounts receivable 5350...
Windsor, Inc. had the following accounts and balances: Accounts payable $29800 Equipment $35500 Accounts receivable 5350 Land 34800 Buildings ? Unearned service revenue 10100 Cash 15250 Total stockholders' equity ? If the balance of the Buildings account was $70200 and $5300 of Accounts Payable were paid in cash, what would be the balance of the total stockholders' equity?
Sunland Services Corporation had the following accounts and balances: Accounts payable $28300 Equipment $36000 Accounts receivable...
Sunland Services Corporation had the following accounts and balances: Accounts payable $28300 Equipment $36000 Accounts receivable Land 35400 5450 66300 Buildings 10300 Unearned service revenue Cash 14600 Total stockholders' equity If Sunland paid $5100 of Accounts Payable in cash, total liabilities and stockholders' equity would be $124350 $110650 $152650 $86350
8) Which of the following will increase stockholders' equity (2pts) O Accounts Payable Dividends Paid O...
8) Which of the following will increase stockholders' equity (2pts) O Accounts Payable Dividends Paid O O Owners' Investment
8) Which of the following will increase stockholders' equity (2pts) O Accounts Payable Dividends Paid O...
8) Which of the following will increase stockholders' equity (2pts) O Accounts Payable Dividends Paid O O Owners' Investment
Blue Spruce Corp. had the following accounts and balances: Accounts payable Accounts receivable Buildings $30100 Equipment...
Blue Spruce Corp. had the following accounts and balances: Accounts payable Accounts receivable Buildings $30100 Equipment 5100 Land Unearned service revenue 14550 Total stockholders equity $35800 35900 9600 Cash If the balance of the buildings account was $9200 and $4900 of Accounts Payable were paid in cash, what would be the balance of the total stockholders' equity! 5130450 $135400 5120850 5171200
WHOLLUISUULUUIOS LIETUVIN OLLUUII UOIO Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service...
WHOLLUISUULUUIOS LIETUVIN OLLUUII UOIO Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $17,500 1,300 24,500 12,000 9,500 11,500 30,500 4,300 Required: Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet December 31 Assets s Cash 4,300 Accounts payable Equipment Total liabilities Stockholders' Equity 12,000 Common stock Retained earnings + Total stockholders' equity Total liabilities and stockholders' equity 12.000 13,300 Total assets $ 21,800 $
BE2-2 Using the notion that the accounting equation (Assets = Liabilities + Stockholders' Equity) must remain in balance, indicate whether each of the following transactions is possible. a. Cash increases; Accounts Payable decreases. b. Service Revenue increases; Salaries Payable increases. c. Advertising Expense increases; Cash decreases.
What's retained earnings.
total stockholders' equity, and total liabilities and stockholders'
equity?
Accounts receivable $3,400 Cash $6.240 Accounts payable 3,700 Supplies 3,780 Interest payable 530 Unearned service revenue 940 Salaries and wages expense 5,400 Service revenue 41,850 Notes payable 32,500 Salaries and wages payable 770 Common stock 55,000 Depreciation expense 740 Inventory 2,810 Equipment (net) 110,600 Using the information above, prepare a balance sheet as of December 31, 2022. (List assets in order of liquidity.) Cullumber Company Balance Sheet December...
Sunland Services Corporation had the following accounts and balances: Accounts payable $28300 Equipment $36000 Accounts receivable Land 35400 5450 66300 Buildings 10300 Unearned service revenue Cash 14600 Total stockholders' equity If Sunland paid $5100 of Accounts Payable in cash, total liabilities and stockholders' equity would be $124350 $110650 $152650 $86350
8) Which of the following will increase stockholders' equity (2pts) O Accounts Payable Dividends Paid O O Owners' Investment
8) Which of the following will increase stockholders' equity (2pts) O Accounts Payable Dividends Paid O O Owners' Investment
Blue Spruce Corp. had the following accounts and balances: Accounts payable Accounts receivable Buildings $30100 Equipment 5100 Land Unearned service revenue 14550 Total stockholders equity $35800 35900 9600 Cash If the balance of the buildings account was $9200 and $4900 of Accounts Payable were paid in cash, what would be the balance of the total stockholders' equity! 5130450 $135400 5120850 5171200
WHOLLUISUULUUIOS LIETUVIN OLLUUII UOIO Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $17,500 1,300 24,500 12,000 9,500 11,500 30,500 4,300 Required: Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet December 31 Assets s Cash 4,300 Accounts payable Equipment Total liabilities Stockholders' Equity 12,000 Common stock Retained earnings + Total stockholders' equity Total liabilities and stockholders' equity 12.000 13,300 Total assets $ 21,800 $
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