GGE Enterprises Inc,
Note: I do not know if I did the amount correctly. Can someone please double check? Thank you very much.
On November 1 of the current year, Rob Elliot invested $ 30,250 of his cash to form a corporation, GGE Enterprises Inc., in exchange for shares of common stock. No other common stock was issued during November or December. After a very successful first month of operations, the retained earnings as of November 30 were reported at $ 5,000. After all transactions have been entered into the accounting equation for the month of December, the ending balances for selected items on December 31 follow. On that date, the financial statements were prepared. The balance sheet reported total assets of $ 55,150 and total stockholders' equity of $ 38,945.
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On November 1 of the current year, Rob Elliot invested $29,250.00 of his cash to form...
On November 1 of the current year, Rob Elliot invested $29,250.00 of his cash to form a corporation, GGE Enterprises Inc., in exchange for shares of common stock. No other common stock was issued during November or December. After a very successful first month of operations, the retained earnings as of November 30 were reported at $5,000.00. After all transactions have been entered into the accounting equation for the month of December, the ending balances for selected items on December...
please show the work for each and number each! thank you alsodont forget to check...
please show the work for each and number each! thank you also
dont forget to check the X.On December 1 of the current year, Rob Elliot invested $35.000 of his cash to form a prietorshi, GGE Enterprises. After all transactions have been entered into the accounting equation, the following are the ending balances for selected items on December 31. On that date, the financial statements were prepared. The statement of owner's equity for GGE Enterprises reported Rab Elior's owner's equity...
nse Common Stock Cash Dividends Service Revenue Land Miscellaneous Expense...
nse Common Stock Cash Dividends Service Revenue Land Miscellaneous Expense Supplies Supplies Expense Wages Expense Points: Feedback Check My Work Explanation none X Financial Statements A business will construct its financial statements in a particular order because they are interrelated. This means that items formulated in an earlier statement feed into the subsequent statements, and changes to items on one financial statement can have compounding effects on the overall financial position of a company. Which of the following is one...
The Accounting Equation Transactions Principles and Assumptions GGE Enterprises records a deposit received from a c...
The Accounting Equation Transactions Principles and Assumptions GGE Enterprises records a deposit received from a customer for work to be performed later in the month. The customer is billed for the remaining amount after the work is complete, and the customer's payment is recorded. Although GGE Enterprises Inc. received a good deal on a used truck, the amount recorded in the accounting records is the amount the company paid, not the amount the truck was actually worth. The home of...
Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders' equity accounts of Morrow Enterprises Inc., with balances...
Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders' equity accounts of Morrow Enterprises Inc., with balances on January 1, 20Y5, are as follows: Common Stock, $10 stated value (350,000 shares authorized, 240,000 shares issued) $2,400,000 Paid-In Capital in Excess of Stated Value-Common Stock 450,000 Retained Earnings 5,450,000 Treasury Stock (24,000 shares, at cost) 360,000 The following selected transactions occurred during the year: Jan. 22. Paid cash dividends of $0.15 per share on the common stock. The dividend had been properly...
Yellow Enterprises reported the following ($ in 000s) as of December 31, 2018. All accounts have ...
Yellow Enterprises reported the following ($ in 000s) as of December 31, 2018. All accounts have normal balances. Deficit (debit balance in retained earnings) $ 1,300 Common stock 2,400 Paid-in capital-treasury stock 2,800 Treasury stock at cost 360 Paid-in capital—excess of par 31,100 During 2019 ($ in 000s), net income was $10,900; 25% of the treasury stock was resold for $640; cash dividends declared were $650; cash dividends paid were $430. What ($ in 000s) was shareholders' equity as of...
Entries for Selected Corporate Transactions Nav-Go Enterprises Inc. produces aeronautical navigation equipment. Nav-Go Enterprises' stockholders' equity...
Entries for Selected Corporate Transactions Nav-Go Enterprises Inc. produces aeronautical navigation equipment. Nav-Go Enterprises' stockholders' equity accounts, with balances on January 1, 20Y1, are as follows: Common Stock, $5 stated value (900,000 shares authorized, 620,000 shares issued) $3,100,000 Paid-In Capital in Excess of Stated Value—Common Stock 1,240,000 Retained Earnings 4,875,000 Treasury Stock (48,000 shares, at cost) 288,000 The following selected transactions occurred during the year: Jan. 15. Paid cash dividends of $0.06 per share on the common stock. The dividend...
Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders’ equity accounts of Morrow Enterprises Inc., with balances...
Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders’ equity accounts of Morrow Enterprises Inc., with balances on January 1, 20Y5, are as follows: Common stock, $20 stated value (500,000 shares authorized, 363,000 shares issued) $7,260,000 Paid-In Capital in Excess of Stated Value—Common Stock 834,900 Retained Earnings 32,541,000 Treasury Stock (25,900 shares, at a cost of $19 per share) 492,100 The following selected transactions occurred during the year: Jan. 22 Paid cash dividends of $0.09 per share on the common stock....
Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders’ equity accounts of Morrow Enterprises Inc., with balances...
Morrow Enterprises Inc. manufactures bathroom fixtures. The
stockholders’ equity accounts of Morrow Enterprises Inc., with
balances on January 1, 20Y5, are as follows:
Common Stock, $20 stated value (500,000 shares authorized,
375,000 shares issued)
$ 7,500,000
Paid-In Capital in Excess of Stated Value—Common Stock
825,000
Retained Earnings
33,600,000
Treasury Stock (25,000 shares, at a cost of $18 per share)
450,000
The following selected transactions occurred during the
year:
Jan.
22
Paid cash dividends of $0.08 per share on the common...
On November 1 of the current year, Rob Elliot invested $29,250.00 of his cash to form a corporation, GGE Enterprises Inc., in exchange for shares of common stock. No other common stock was issued during November or December. After a very successful first month of operations, the retained earnings as of November 30 were reported at $5,000.00. After all transactions have been entered into the accounting equation for the month of December, the ending balances for selected items on December...
please show the work for each and number each! thank you also
dont forget to check the X.On December 1 of the current year, Rob Elliot invested $35.000 of his cash to form a prietorshi, GGE Enterprises. After all transactions have been entered into the accounting equation, the following are the ending balances for selected items on December 31. On that date, the financial statements were prepared. The statement of owner's equity for GGE Enterprises reported Rab Elior's owner's equity...
The Accounting Equation Transactions Principles and Assumptions GGE Enterprises records a deposit received from a customer for work to be performed later in the month. The customer is billed for the remaining amount after the work is complete, and the customer's payment is recorded. Although GGE Enterprises Inc. received a good deal on a used truck, the amount recorded in the accounting records is the amount the company paid, not the amount the truck was actually worth. The home of...
Morrow Enterprises Inc. manufactures bathroom fixtures. The
stockholders’ equity accounts of Morrow Enterprises Inc., with
balances on January 1, 20Y5, are as follows:
Common Stock, $20 stated value (500,000 shares authorized,
375,000 shares issued)
$ 7,500,000
Paid-In Capital in Excess of Stated Value—Common Stock
825,000
Retained Earnings
33,600,000
Treasury Stock (25,000 shares, at a cost of $18 per share)
450,000
The following selected transactions occurred during the
year:
Jan.
22
Paid cash dividends of $0.08 per share on the common...
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