provide an example of a transaction that affects
provide an example of a transaction that affects (a) only one element of the accounting equation(b) two elements of the accounting equation (c) three elements ofthe accounting equation.
Homework Answers
b) Company B issues a $200 note payable for a plot of land (affects Assets and Liabilities)
c) Company C issues a $200 note payable and 100 shares of stock for a plot of land (affects Assets, Liabilities, and Stockholders Equity).
Example The accounting equation is Assets = Liabilities + Owners Equity I will concentrate the following...
Example
The accounting equation is Assets = Liabilities + Owners Equity
I will concentrate the following accounting elements
in this posts: Assets and Owners Equity (specifically Revenue).
A business transaction affecting the accounting
equation is one in which we (the company) provide tax reporting
services (1040 long form) to a individual customer for $150 and the
customer pays our company cash. First, cash an ASSET account is
increased because cash is coming into the company from the
customer. To increase...
ABC Company borrowed money from the bank. This transaction included which one of the following affects...
ABC Company borrowed money from the bank. This transaction included which one of the following affects on the accounting equation? Decreased Liabilities Increased Liabilities Increased Retained Earnings Decreased Retained Earnings
Create a post about the accounting equation, elements and effects on elements through a increase or...
Create a post about the accounting equation, elements and effects on elements through a increase or decrease. Requirement 1: Place your name in the post title, Requirement 2: State the accounting equation and which accounting element or elements the post will concentrate on. Requirement 3: Give an example of a journal entry and specify effect on each element. need help creation another post please Example The accounting equation is Assets = Liability + Owner's Equity I will concentrate the following...
Enter each transaction into the accounting equation. Begin by entering transaction a. Then, enter each transaction...
Enter each transaction into the accounting equation. Begin by
entering transaction a. Then, enter each transaction in the order
they occurred. (Use parentheses or a minus sign when entering
account decreases. Use only the necessary input lines.)
i Transactions Marlene and Pamela opened up MP Public Relations Firm by contributing $22,750 on July 1, 2009, in exchange for common stock. The firm borrowed $15,000 from the bank on July 1 . The note is a 1-year, 10% note, with both...
Briefly discuss the three components that make up the accounting equation. Provide an example of each...
Briefly discuss the three components that make up the accounting equation. Provide an example of each of the components
1a) Identify and explain the five elements of Performance Management. provide example for each element. 1...
1a) Identify and explain the five elements of Performance Management. provide example for each element. 1 b) Identify and discuss five reasons why Performance Appraisals are carried out in organizations. provide examples
Account Title Presented below are a number of transactions. Determine whether each transaction affects common stock,...
Account Title Presented below are a number of transactions. Determine whether each transaction affects common stock, dividends, revenues, expenses, or does not affect stockholders' equity. Provide titles for the revenues and expenses. Select Not applicable for account title if neither a revenue nor an expense. Transaction Affects (a) Costs incurred for advertising. (b) Cash received for services performed. (c) Costs incurred for insurance. Amounts paid to employees Cash distributed to stockholders. (0) Cash received in exchange for allowing the use...
i need help creating a post Cynthia Sanchez • 3 23h Accounting Equation Elements and Journal...
i need help creating a post
Cynthia Sanchez • 3 23h Accounting Equation Elements and Journal Entries Create a post about the accounting equation, elements and effects on elements through a increase or decrease Requirement 1: Place your name in the post title, Requirement 2: State the accounting equation and which accounting element or elements the post will concentrate on Requirement 3: Give an example of a journal entry and specify effect on each element. Please Note: You do not...
Presented below are a number of transactions. Determine whether each transaction affects common stock, dividends, revenue,...
Presented below are a number of transactions. Determine whether each transaction affects common stock, dividends, revenue, expense, or does not affect stockholders’ equity. Provide titles for the revenues and expenses. Select Not applicable for account title if neither a revenue nor an expense. Transaction Affects Account Title (a) Costs incurred for advertising. (b) Cash received for services performed. (c) Costs incurred for insurance. (d) Amounts paid to employees. (e) Cash distributed to stockholders. (f) Cash received in exchange for allowing...
Presented below are a number of transactions. Determine whether each transaction affects common stock, dividends, revenues,...
Presented below are a number of transactions. Determine whether each transaction affects common stock, dividends, revenues, expenses, or does not affect stockholders' equity. Provide titles for the revenues and expenses. Select Not applicable for account title if it is neither a revenue nor an expense. Transaction Affects Account Title a. Costs incurred for advertising. b. Cash received for services performed. C. Costs incurred for insurance. d. Amounts paid to employees. e. f. Cash distributed to stockholders. Cash received in exchange...
Example
The accounting equation is Assets = Liabilities + Owners Equity
I will concentrate the following accounting elements
in this posts: Assets and Owners Equity (specifically Revenue).
A business transaction affecting the accounting
equation is one in which we (the company) provide tax reporting
services (1040 long form) to a individual customer for $150 and the
customer pays our company cash. First, cash an ASSET account is
increased because cash is coming into the company from the
customer. To increase...
ABC Company borrowed money from the bank. This transaction included which one of the following affects on the accounting equation? Decreased Liabilities Increased Liabilities Increased Retained Earnings Decreased Retained Earnings
Enter each transaction into the accounting equation. Begin by
entering transaction a. Then, enter each transaction in the order
they occurred. (Use parentheses or a minus sign when entering
account decreases. Use only the necessary input lines.)
i Transactions Marlene and Pamela opened up MP Public Relations Firm by contributing $22,750 on July 1, 2009, in exchange for common stock. The firm borrowed $15,000 from the bank on July 1 . The note is a 1-year, 10% note, with both...
Account Title Presented below are a number of transactions. Determine whether each transaction affects common stock, dividends, revenues, expenses, or does not affect stockholders' equity. Provide titles for the revenues and expenses. Select Not applicable for account title if neither a revenue nor an expense. Transaction Affects (a) Costs incurred for advertising. (b) Cash received for services performed. (c) Costs incurred for insurance. Amounts paid to employees Cash distributed to stockholders. (0) Cash received in exchange for allowing the use...
i need help creating a post
Cynthia Sanchez • 3 23h Accounting Equation Elements and Journal Entries Create a post about the accounting equation, elements and effects on elements through a increase or decrease Requirement 1: Place your name in the post title, Requirement 2: State the accounting equation and which accounting element or elements the post will concentrate on Requirement 3: Give an example of a journal entry and specify effect on each element. Please Note: You do not...
Presented below are a number of transactions. Determine whether each transaction affects common stock, dividends, revenues, expenses, or does not affect stockholders' equity. Provide titles for the revenues and expenses. Select Not applicable for account title if it is neither a revenue nor an expense. Transaction Affects Account Title a. Costs incurred for advertising. b. Cash received for services performed. C. Costs incurred for insurance. d. Amounts paid to employees. e. f. Cash distributed to stockholders. Cash received in exchange...
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