Answer
Assets |
Liabilities |
Equity |
Dividends |
Revenues |
Expenses |
Equipment |
Accounts Payable |
Common Stock |
Dividends |
Service Revenue |
Rent Expense |
Office Supplies |
Salaries Payable |
Delivery expense |
|||
Building |
Utilities Payable |
Insurance expense |
|||
Truck |
Notes Payable |
Utilities expense |
|||
Cash |
Advertising expense |
||||
Supplies Expense |
the expanded accounting equation, activity 3.a - classify the accounts The Expanded Accounting Equation Activity 3.a...
Activity 3.a Classify the Accounts Classify which part of the expanded accounting equation each account title belongs to by dragging the account into the correct bucket. View drag and drop keyboard instructions Salaries Common Stock Receivable Payable Notes Payable Dividends
drag the account type to form the expanded accounting equa Drag the account types to form the expanded accounting equation. Begin the equity section with Contributed Capital + Retained Earnings. Then, identify whether the item increases, +', or decreases, -', equity. Beginning Retained Accounts Payable Accounts Receivable Revenues Expenses Cash Earnings Contributed Capital Dividends Declared Unearned Revenues Assets = Liabilities Drag card herd Drag card here Drag card here Drag card here Drag card here
Drag the account types to form the expanded accounting equation. Begin the equity section with Contributed Capital + Retained Earnings. Then, identify whether the item increases, '+', or decreases, equity. Common Stock Cash Dividends Accounts Receivable Accounts Payable Revenues Expenses Unearned Revenues Assets Liabilities Drag Card her Draard herd De card her Drag and her Drag card her Draard here
Drag the account types to form the expanded accounting equation. Begin the equity section with capital. Then, identify whether the item increases, '+', or decreases, '', equity. Owner, Capital: Cash Owner, Withdrawals Accounts Receivable Accounts Payable Revenues Expenses Unearned Revenues Liabilities : Assets Drag card here Drag card here Drag card here Drag card here Drag card here Drag card here Enter the missing value to balance the equation. = 48,000 + 8,000 – 18.000 + 4,000 - 24,000 96.000...
four items that affect equity The Four Items that affect Equity Activity 2.a - The Four items that affect Equity The partial accounting equation of Assets = Liabilities + ? has been given below. Complete the accounting equation by dragging the items that affect equity into the expanded accounting equation in the order of Common Stock + Retained Earnings. Then, identify whether the item increases, '+', or decreases,'", equity, View drag and drop keyboard instructions Accounts Payable Accounts Receivable Revenues...
1.2.3.4.5. Drag the account types to form the expanded accounting equation. Begin the equity section with Contributed Capital + Retained Earnings. Then, identify whether the item increases, '+', or decreases, '", equity. Common Stock : Assets : Cash : Dividends : Accounts Receivable Accounts Payable Revenues Liabilities: Expenses Unearned Revenues Enter the missing value to balance the equation. = 17,000 + 36,000 – 10,000 + 16,000 – 37,000 61,000 = + 40,000 – 32,000 + 10,000 – 2,000 68,000 =...
Glossary HINT Activity 4.b - Using the Expanded Accounting Equation Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions. Assets Liabilities Beginning of Year $25,000 $18.000 End of Year $63.000 1) What is the equity at the beginning of the year? 2) What is the equity at the end of the year? Beginning Equity Ending...
Identify the part of the expanded accounting equation for each account title. Office Furniture Common Stock Dividends Advertising Expense Notes Payable Service Revenue
Activity 3.b - More Practice with Classifying Accounts Fill in the blanks with the category of the expanded accounting equation (assets; liabilities; owner, capital; owner, withdrawals; revenues; expenses). Do not abbreviate any answers. Office Furniture assets Owner, Capital Repairs and Maintenance Expense Owner, Withdrawals Rent Payable Service Revenue revenues Salaries (and Wages) Payable Supplies Expense
The following account titles were drawn from the general ledger of Holt Food Supplies, Incorporated (HFSI): Computers, Operating Expenses, Rent Revenue, Building, Cash, Notes Payable, Land, Utilities Payable, Utilities Expense, Trucks, Gasoline Expense, Retained Earnings, Supplies, Accounts Payable, Office Furniture, Salaries Expense, Common Stock, Service Revenue, Interest Expense, Dividends, Supplies Expense. Required a. List each account title under the element of the accounting equation to which it belongs.