Homework Answers
| Cash | + | Accounts Receivable | + | Auto | = | Accounts Payable | + | Notes Payable | + | Common Stock | + | Retained Earnings | |
| Balance | 8,700 | + | 18,800 | + | = | 5,200 | + | 6,500 | + | 14,800 | + | 1,000 | |
| 1 | (1,500) | + | + | = | + | + | + | (1,500) | |||||
| 2 | 9,800 | + | (9,800) | + | = | + | + | + | |||||
| 3 | (900) | + | + | = | (900) | + | + | + | |||||
| 4 | 900 | + | + | = | + | + | + | 900 | |||||
| 5 | 8,000 | + | + | = | + | 8,000 | + | + | |||||
| 6 | + | 11,300 | + | = | + | + | + | 11,300 | |||||
| 7 | (4,500) | + | + | = | + | + | + | (4,500) | |||||
| 8 | + | + | = | 610 | + | + | + | (610) | |||||
| 9 | (6,000) | + | + | = | + | + | + | (6,000) | |||||
| 10 | (9,800) | + | + | 9,800 | = | + | + | + | |||||
| 11 | (400) | + | + | = | + | + | + | (400) | |||||
| Totals | 4,300 | 20,300 | 9,800 | 4,910 | 14,500 | 14,800 | 190 | ||||||
Add Answer to:
SAMCO Appraisal Service provides commercial and industrial appraisals and feasibility studies. On January 1, the assets...
P2-3A. Transaction Analysis Grand Appraisal Service provides commercial and industrial appraisals and feasibility studies. On January...
P2-3A. Transaction Analysis Grand Appraisal Service provides commercial and industrial appraisals and feasibility studies. On January 1, the assets and liabilities of the business were the following: Cash, $11,700; Accounts Receivable, $15,800; Accounts Payable, $600; and Notes Payable, $3,500. Com- mon Stock had a balance of $18,400. Assume that Retained Earnings as of January 1 were $5,000. The following transactions occurred during the month of January: 1 Paid rent for January, $950. 2 Received $8,800 payment on customers' accounts. 3...
Transaction Analysis Grace Stewart began the Stewart Answering Service in December. The firm provides services for...
Transaction Analysis Grace Stewart began the Stewart Answering Service in December. The firm provides services for professional people and is currently operating with leased equipment. On January 1, the assets and liabilities of the business were: Cash $6,400 Accounts Receivable 6.900 Accounts Payable 1600 Notes Payable 1.500 Common Stock 10,200 Retained Earnings 0 Business Course * Return to course The following transactions occurred during the month of January: 1 Paid rent on office and equipment for January, $1,800. 2 Collected...
Transaction Analysis Grace Stewart began the Stewart Answering Service in December. The firm provides services for...
Transaction Analysis Grace Stewart began the Stewart Answering Service in December. The firm provides services for professional people and is currently operating with leased equipment. On January 1, the assets and liabilities of the business were: Cash $6.400 Accounts Receivable 6,900 Accounts Payable Notes Payable 1.600 1,500 Common Stock 10,200 Retained Earnings The following transactions occurred during the month of January: Paid rent on office and equipment for January. $1.800. 1 2 Collected S6.000 on account from clients. 3 Borrowed...
Exercise 3-6 During 2017, its first year of operations as a delivery service, Blue Spruce Corp....
Exercise 3-6 During 2017, its first year of operations as a delivery service, Blue Spruce Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $121,000 in cash. 2. Borrowed $38,000 by issuing a note. 3. Purchased delivery trucks for $64,000 cash. 4. Received $16,000 from customers for services performed. 5. Purchased supplies for $3,200 on account. 6. Paid rent of $5,300. 7. Performed services on account for $11,700. 8. Paid salaries of...
On November 1, 2017, the following were the account balances of Soho Equipment Repair. Cash Accounts...
On November 1, 2017, the following were the account balances of Soho Equipment Repair. Cash Accounts Receivable Supplies Equipment Debit $ 3,250 3,080 1,580 10,460 Credit $ 500 2,760 400 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings 790 10,460 3,460 $18,370 $18,370 During November, the following summary transactions were completed. Nov. 8 10 12 15 17 Paid $1,220 for salaries due employees, of which $430 is for November and $790 is for...
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...
how do I get the accounts payable under liability BULLDOG, INC. Balance Sheet Liabilities Assets 3,800...
how do I get the accounts payable under liability
BULLDOG, INC. Balance Sheet Liabilities Assets 3,800 Accounts payable Cash Accounts receivable Stockholders' Equity 2,800 8,800 Common stock 9,800 Retained earnings $ 25,200 Supplies 11,000 Equipment 9,800 $ 25,200 Total assets Total liabilities and stockholders' equity
Transaction Analysis Grace Stewart began the Stewart Answering Service in December. The firm provides services for...
Transaction Analysis Grace Stewart began the Stewart Answering Service in December. The firm provides services for professional people and is currently operating with leased equipment On January 1, the assets and liabilities of the business were: Cash 56.400 Accounts Receivable 5.900 Accounts Payable 1600 Notes Payable 1500 Common Stock 10.200 Retained Earnings 0 The following transactions occurred during the month of January 1 Paidrer on office and equipment for January, 1.300 2 Collected $6.000 on account from dients 3 Borrowed...
On August 31, the balance sheet of Bridgeport Veterinary Clinic showed Cash $12,000, Accounts Receivable $4,700,...
On August 31, the balance sheet of Bridgeport Veterinary Clinic showed Cash $12,000, Accounts Receivable $4,700, Supplies $ 600, Equipment $6,000, Accounts Payable $6,600, Common Stock $15,950, and Retained Earnings $750. During September, the following transactions occurred. 1. 2. 3. 4. 5. 6. 7. 8. Paid $3,300 cash for accounts payable due. Collected $1,350 of accounts receivable. Purchased additional equipment for $1,250, paying $900 in cash and the balance on account. Performed services worth $8,600, of which $2,400 is collected...
In Year 1 Day Company incurred $350 of utility expense on account Day paid cash for...
In Year 1 Day Company incurred $350 of utility expense on account Day paid cash for these expenses in Year 2 Which of the following shows how these events will affect Day's ledger accounts in Year 2? Multiple Choice - + Assets Accounts Receivable Liabilities Accounts Payable (35 Stockholders' Equity Common Retained Stock Earnings Assets Liabilities + Stockholders' Equity Receivable Payable Assets - + Accounts Receivable Liabilities Accounts Payable + + Cash (350) Stockholders' Equity Common Retained Stock + Earnings...
P2-3A. Transaction Analysis Grand Appraisal Service provides commercial and industrial appraisals and feasibility studies. On January 1, the assets and liabilities of the business were the following: Cash, $11,700; Accounts Receivable, $15,800; Accounts Payable, $600; and Notes Payable, $3,500. Com- mon Stock had a balance of $18,400. Assume that Retained Earnings as of January 1 were $5,000. The following transactions occurred during the month of January: 1 Paid rent for January, $950. 2 Received $8,800 payment on customers' accounts. 3...
Transaction Analysis Grace Stewart began the Stewart Answering Service in December. The firm provides services for professional people and is currently operating with leased equipment. On January 1, the assets and liabilities of the business were: Cash $6,400 Accounts Receivable 6.900 Accounts Payable 1600 Notes Payable 1.500 Common Stock 10,200 Retained Earnings 0 Business Course * Return to course The following transactions occurred during the month of January: 1 Paid rent on office and equipment for January, $1,800. 2 Collected...
Transaction Analysis Grace Stewart began the Stewart Answering Service in December. The firm provides services for professional people and is currently operating with leased equipment. On January 1, the assets and liabilities of the business were: Cash $6.400 Accounts Receivable 6,900 Accounts Payable Notes Payable 1.600 1,500 Common Stock 10,200 Retained Earnings The following transactions occurred during the month of January: Paid rent on office and equipment for January. $1.800. 1 2 Collected S6.000 on account from clients. 3 Borrowed...
Exercise 3-6 During 2017, its first year of operations as a delivery service, Blue Spruce Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $121,000 in cash. 2. Borrowed $38,000 by issuing a note. 3. Purchased delivery trucks for $64,000 cash. 4. Received $16,000 from customers for services performed. 5. Purchased supplies for $3,200 on account. 6. Paid rent of $5,300. 7. Performed services on account for $11,700. 8. Paid salaries of...
On November 1, 2017, the following were the account balances of Soho Equipment Repair. Cash Accounts Receivable Supplies Equipment Debit $ 3,250 3,080 1,580 10,460 Credit $ 500 2,760 400 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings 790 10,460 3,460 $18,370 $18,370 During November, the following summary transactions were completed. Nov. 8 10 12 15 17 Paid $1,220 for salaries due employees, of which $430 is for November and $790 is for...
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...
how do I get the accounts payable under liability
BULLDOG, INC. Balance Sheet Liabilities Assets 3,800 Accounts payable Cash Accounts receivable Stockholders' Equity 2,800 8,800 Common stock 9,800 Retained earnings $ 25,200 Supplies 11,000 Equipment 9,800 $ 25,200 Total assets Total liabilities and stockholders' equity
Transaction Analysis Grace Stewart began the Stewart Answering Service in December. The firm provides services for professional people and is currently operating with leased equipment On January 1, the assets and liabilities of the business were: Cash 56.400 Accounts Receivable 5.900 Accounts Payable 1600 Notes Payable 1500 Common Stock 10.200 Retained Earnings 0 The following transactions occurred during the month of January 1 Paidrer on office and equipment for January, 1.300 2 Collected $6.000 on account from dients 3 Borrowed...
On August 31, the balance sheet of Bridgeport Veterinary Clinic showed Cash $12,000, Accounts Receivable $4,700, Supplies $ 600, Equipment $6,000, Accounts Payable $6,600, Common Stock $15,950, and Retained Earnings $750. During September, the following transactions occurred. 1. 2. 3. 4. 5. 6. 7. 8. Paid $3,300 cash for accounts payable due. Collected $1,350 of accounts receivable. Purchased additional equipment for $1,250, paying $900 in cash and the balance on account. Performed services worth $8,600, of which $2,400 is collected...
In Year 1 Day Company incurred $350 of utility expense on account Day paid cash for these expenses in Year 2 Which of the following shows how these events will affect Day's ledger accounts in Year 2? Multiple Choice - + Assets Accounts Receivable Liabilities Accounts Payable (35 Stockholders' Equity Common Retained Stock Earnings Assets Liabilities + Stockholders' Equity Receivable Payable Assets - + Accounts Receivable Liabilities Accounts Payable + + Cash (350) Stockholders' Equity Common Retained Stock + Earnings...
Most questions answered within 3 hours.
-
is
it possible for a change in one nucleotide of an organism’s DNA to
result in...
asked 16 minutes ago -
Project 5 - intro to python
Write a program in python that calculates the amount of...
asked 12 minutes ago -
Compare/Contrast the following: protein/enzyme, ligand/substrate,
channel protein/carrier protein,
exocytosis/endocytosis.
asked 22 minutes ago -
A researcher asks: Are high school students who have tried
alcohol more likely to have had...
asked 24 minutes ago -
Use a style sheet to define the following rules and implement
the given HTML code. Please...
asked 25 minutes ago -
How many grams of KBr are contained in 200 mL of a 0.310 M KBr
solution?...
asked 28 minutes ago -
The three most valuable (in terms of current exploitation)
marine physical resources in order from most...
asked 40 minutes ago -
Please answer the below 3 problems and show your work.
a. P(-1.45 < Z < .98)...
asked 58 minutes ago -
Discuss in 500 words your opinion on what lessons should be
learned from the 737 Max...
asked 48 minutes ago -
100.0 g of nitrogen and 200.0 g of carbon dioxide are added at
25 ◦C into...
asked 48 minutes ago -
In JAVA: For this question, you need to create two interface
programs in a package and...
asked 1 hour ago -
You notice that in early spring there is an equal distribution
of two different species of...
asked 59 minutes ago