Question

Abdul Elfaran & 4/21/18 12:23 PM Time Remaining: 02:48.49 Submit Test of 14 (1 complete) This Test: 100 pts possible i More Info (Click the icon to a. Received contribution of $16,000 cash from Matilda Mcintyre in exchange Analyze the effects a for common stock b. Performed service for a client and received cash of $1,100 c. Paid off the beginning balance of accounts payable d. Purchased supplies from OfficeMax on account $600 e Collected cash from a customer on account, $2,400 f Cash dividends of $1.800 were paid to stockholders tained Earnings vic Rent Adv Exp Exp ,000 $3,800 h Recorded the following business expenses for the month 1. Paid office rent $1.200 2 Paid advertising $800 30001 - 1100 4100 Pant Done

Answer 1

	Cash	+	A/R	+	Office Supp	+	Land	=	A/P	+	Comon Stock	-	Div	+	Ser Revenue	-	Rent	-	Adv Exp
Bal	2300	+	3000	+	0	+	10000	=	6000	+	6300	-	0	+	3000	-	0	-	0
a	16000	+	0	+		+		=		+	16000	-		+		-		-
Bal	18300	+	3000	+	0	+	10000	=	6000	+	22300	-	0	+	3000	-	0	-	0
b	1100	+		+		+		=		+		-		+	1100	-		-
Bal	19400	+	3000	+	0	+	10000	=	6000	+	22300	-	0	+	4100	-	0	-	0
c	-6000	+		+		+		=	-6000	+		-		+		-		-
Bal	13400	+	3000	+	0	+	10000	=	0	+	22300	-	0	+	4100	-	0	-	0
d		+		+	600	+		=	600	+		-		+		-		-
Bal	13400	+	3000	+	600	+	10000	=	600	+	22300	-	0	+	4100	-	0	-	0
e	2400	+	-2400	+		+		=		+		-		+		-		-
Bal	15800	+	600	+	600	+	10000	=	600	+	22300	-	0	+	4100	-	0	-	0
f	-1800	+		+		+		=		+		-	1800	+		-		-
Bal	14000	+	600	+	600	+	10000	=	600	+	22300	-	1800	+	4100	-	0	-	0
g		+	3800	+		+		=		+		-		+	3800	-		-
Bal	14000	+	4400	+	600	+	10000	=	600	+	22300	-	1800	+	7900	-	0	-	0
h	-2000	+		+		+		=		+		-		+		-	1200	-	800
Bal	12000	+	4400	+	600	+	10000	=	600	+	22300	-	1800	+	7900	-	1200	-	800