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A company received $35,000 cash and issued common stock in exchange. How does this transaction affect the accountin...
A company received $31,000 cash and issued common stock in exchange. How does this transaction affect...
A company received $31,000 cash and issued common stock in exchange. How does this transaction affect the accounting equation?
A company declared and paid dividends of $1,300. How does this transaction affect the accounting equation?...
A company declared and paid dividends of $1,300. How does this transaction affect the accounting equation? A.Add $1,300 to Dividends and add $1,300 to Accounts Receivable. B.Add $1,300 to Revenue and add $1,300 to Cash. C.Add $1,300 to Dividend Expense and subtract $1,300 from Cash. D.Subtract $1,300 from Retained Earnings and subtract $1,300 from Cash.
a. 1. Railroad Company received $2,000,000 for the issuance of common stock. How does this transaction...
a. 1. Railroad Company received $2,000,000 for the issuance of common stock. How does this transaction impact Railroad Company's income statement? Net income increases. b. Net income decreases. C. This transaction does not affect the income statement. d. Retained earnings increases. 2. Railroad Company reported $150,000 of net income during 2019. How will this impact the December 31, 2019 balance sheet? a. Retained earnings will increase by $150,000. b. Retained earnings will decrease by $150,000. C. Total stockholders' equity will...
Adventures Unlimited Company distributes cash dividends. How does this transaction affect the accounting equation? OA. The...
Adventures Unlimited Company distributes cash dividends. How does this transaction affect the accounting equation? OA. The assets, liabilities, and equity remain the same. B. The assets increase and liabilities decrease. OC. The assets decrease and equity increases. OD. The assets decrease and equity decreases.
a. The owner invested $18.600 cash in the company in exchange for its common stock b....
a. The owner invested $18.600 cash in the company in exchange for its common stock b. The company purchased supplies for $1,400 cash. C. The owner invested $11,800 of equipment in the company in exchange for more common stock d. The company purchased $380 of additional supplies on credit e. The company purchased land for $10,800 cash Required: Enter the impact of each transaction on individual items of the accounting equation (Enter decreases to account balances with a minus sign.)...
Eagle Eye, Inc., a corporation, received an additional investment of $6,000 cash in exchange for shares...
Eagle Eye, Inc., a corporation, received an additional investment of $6,000 cash in exchange for shares of common stock. How does this transaction affect Eagle Eye's accounts? Select one: a. Increase common stock and increase cash by $6,000 each O b. Increase common stock and increase revenue by $6,000 each O C. Increase in stock expense and decrease cash by $6,000 each d. Increase common stock and decrease retained earnings by $6,000 each O Check The liabilities that are due...
A company borrowed $15,000 from the bank by signing a long−term note. How does this transaction...
A company borrowed $15,000 from the bank by signing a long−term note. How does this transaction affect the accounting equation? A.Add $15,000 to Cash and add $15,000 to Notes Payable. B.Add $15,000 to Cash and add $15,000 to Retained Earnings. C.Add $15,000 to Cash and add $15,000 to Accounts Payable. D.Add $15,000 to Accounts Receivable and add $15,000 to Accounts Payable.
QUESTION TO On 1/1/2019, Heavens, Ltd. has 1,000,000 shares of Common Stock authorized, 430,000 shares of...
QUESTION TO On 1/1/2019, Heavens, Ltd. has 1,000,000 shares of Common Stock authorized, 430,000 shares of Common Stock issued and 415,000 shares of Common Stock outstanding. During 2019, the company issued another 24,000 shares and reacquired 2,900 of its own shares as Treasury Stock. As of 12/31/2019, what is the number of shares of the company's Common Stock that would be outstanding? a. 454.000 Ob 1,000,000 OC.436,100 od 451,100 e 1,021,100. QUESTION 11 How many of the following accounts are...
1 Received Dec. Received $26,000 cash from Christian in exchange for commorn 2 5 9 stock....
1 Received Dec. Received $26,000 cash from Christian in exchange for commorn 2 5 9 stock. Received $3,200 cash from customers for services performed. Paid $450 cash for office supplies. Performed services for a customer and billed the customer for services rendered, $2,400. 10 Received $500 invoice for utilities due in two weeks. 15 Paid for advertising in the local paper, $275. 20 Paid utility invoice received on December 10 25 Collected cash in full from customer billed on December...
The Wagner Company acquired $500,000 cash from the issue of common stock. How would this transaction...
The Wagner Company acquired $500,000 cash from the issue of common stock. How would this transaction be recorded in the company's T-accounts? Multiple Choice 500,000 Cash Connon Stock 580,000 500.000 Cannon Stack 500,000 500.000 Connon Stock 500,000 Retained Earnings 500.000 The following transaction has been recorded in the general Journal: 15e Interest expense Interest payable How will this transaction affect the company's financial statements aller it is posted to the ledger accounts? Multiple Choice 0 C) Decreases total assets 0...
a. 1. Railroad Company received $2,000,000 for the issuance of common stock. How does this transaction impact Railroad Company's income statement? Net income increases. b. Net income decreases. C. This transaction does not affect the income statement. d. Retained earnings increases. 2. Railroad Company reported $150,000 of net income during 2019. How will this impact the December 31, 2019 balance sheet? a. Retained earnings will increase by $150,000. b. Retained earnings will decrease by $150,000. C. Total stockholders' equity will...
Adventures Unlimited Company distributes cash dividends. How does this transaction affect the accounting equation? OA. The assets, liabilities, and equity remain the same. B. The assets increase and liabilities decrease. OC. The assets decrease and equity increases. OD. The assets decrease and equity decreases.
a. The owner invested $18.600 cash in the company in exchange for its common stock b. The company purchased supplies for $1,400 cash. C. The owner invested $11,800 of equipment in the company in exchange for more common stock d. The company purchased $380 of additional supplies on credit e. The company purchased land for $10,800 cash Required: Enter the impact of each transaction on individual items of the accounting equation (Enter decreases to account balances with a minus sign.)...
Eagle Eye, Inc., a corporation, received an additional investment of $6,000 cash in exchange for shares of common stock. How does this transaction affect Eagle Eye's accounts? Select one: a. Increase common stock and increase cash by $6,000 each O b. Increase common stock and increase revenue by $6,000 each O C. Increase in stock expense and decrease cash by $6,000 each d. Increase common stock and decrease retained earnings by $6,000 each O Check The liabilities that are due...
QUESTION TO On 1/1/2019, Heavens, Ltd. has 1,000,000 shares of Common Stock authorized, 430,000 shares of Common Stock issued and 415,000 shares of Common Stock outstanding. During 2019, the company issued another 24,000 shares and reacquired 2,900 of its own shares as Treasury Stock. As of 12/31/2019, what is the number of shares of the company's Common Stock that would be outstanding? a. 454.000 Ob 1,000,000 OC.436,100 od 451,100 e 1,021,100. QUESTION 11 How many of the following accounts are...
1 Received Dec. Received $26,000 cash from Christian in exchange for commorn 2 5 9 stock. Received $3,200 cash from customers for services performed. Paid $450 cash for office supplies. Performed services for a customer and billed the customer for services rendered, $2,400. 10 Received $500 invoice for utilities due in two weeks. 15 Paid for advertising in the local paper, $275. 20 Paid utility invoice received on December 10 25 Collected cash in full from customer billed on December...
The Wagner Company acquired $500,000 cash from the issue of common stock. How would this transaction be recorded in the company's T-accounts? Multiple Choice 500,000 Cash Connon Stock 580,000 500.000 Cannon Stack 500,000 500.000 Connon Stock 500,000 Retained Earnings 500.000 The following transaction has been recorded in the general Journal: 15e Interest expense Interest payable How will this transaction affect the company's financial statements aller it is posted to the ledger accounts? Multiple Choice 0 C) Decreases total assets 0...
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