Lo5 E1-11A. Financial Statements Karl Flury operates a golf driving range. For each of the following...
Bradley’s Miniature Golf and Driving Range Inc. was opened on March 1 by Bob Dean. These selected events and transactions occurred during March. Mar. 1 Stockholders invested $57,500 cash in the business in exchange for common stock of the corporation. 3 Purchased Snead’s Golf Land for $48,000 cash. The price consists of land $24,700, building $9,670, and equipment $13,630. (Record this in a single entry.) 5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses...
Paula Creamer opened Creamer's Miniature Golf and Driving Range Inc. on May 1. The following selected events and transactions occurred during May. May 1 Invested $62,500 cash in the business in exchange for common stock. 3 Purchased Moises Moreno’s Golf Land for $47,500 cash. The price consists of land $12,500; building $27,500; and equipment $7,500. (Make one compound entry for this transaction.) 5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $2,000. 6...
Identify the financial statements in which you would find each of the items listed below. Some items may appear on more than one statement. Indicate all financial statements that apply to each item. The possible choices are: B : Balance Sheet SE : Statement of Stockholders’ Equity I : Income Statement CF : Statement of Cash Flows Financial Statement Item Financial Statement a. Cost of goods sold b. Trademarks c. Inventories d. Retained earnings e. Unearned revenue f. Cash...
Indigo's Miniature Golf and Driving Range Inc. was opened on March 1 by Bob Dean. These selected events and transactions occurred during March. Mar. 1 Stockholders invested $55,500 cash in the business in exchange for common stock of the corporation. 3 Purchased Snead's Golf Land for $41,000 cash. The price consists of land $24,500, building $9,190, and equipment $7,310. (Record this in a single entry.) 5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses...
Monty’s Miniature Golf and Driving Range Inc. was opened on March 1 by Bob Dean. These selected events and transactions occurred during March. Mar. 1 Stockholders invested $61,000 cash in the business in exchange for common stock of the corporation. 3 Purchased Snead’s Golf Land for $40,400 cash. The price consists of land $24,800, building $8,390, and equipment $7,210. (Record this in a single entry.) 5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses...
Relating titles and accounts to financial statements Required Identify the financial statements on which each of the following items (titles, date descriptions, and accounts) appears by placing a check mark in the appropriate column. If an item appears on more than one statement, place a check mark in every applicable column. Income Statement Statement of Changes in Stockholders' Equity Balance Sheet Statement of Cash Flows Item Financing activities Ending common stock Interest expense As of (date) Land Beginning cash balance...
Marigold's Miniature Golf and Driving Range Inc. was opened on March 1 by Bob Dean. These selected events and transactions occurred during March. Mar. 1 Stockholders invested $55,000 cash in the business in exchange for common stock of the corporation 3 Purchased Snead's Golf Land for $40,400 cash. The price consists of land $22.400, building $9.170, and equipment $8,830. (Record this in a single entry) 5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses...
P3-4A Bradley's Miniature Golf and Driving Range Inc. was opened on March 1 by Bob Dean. These selected events and transactions occurred during March. Mar i Stockholders invested $50,000 cash in the business in exchange for common stock of the corporation. 3 Purchased Snead's Golf Land for $38,000 cash. The price consists of land $23,000, building $9,000, and equipment $6,000. (Record this in a single entry.) 5 Advertised the opening of the driving range and miniature golf course, paying advertising...
Bradley's Miniature Golf and Driving Range Inc. was opened on March 1 by Bob Dean. These selected events and transactions occurred during March. Mar 1 Stockholders invested $59,500 cash in the business in exchange for common stock of the corporation. 3 Purchased Snead's Golf Land for $47,100 cash. The price consists of land $25,000, building $9,300, and equipment $12,800. (Record this in a single entry.) Advertised the opening of the driving range and miniature golf course, paying advertising expenses of...
Pronghorn's Miniature Golf and Driving Range Inc. was opened on March 1 by Bob Dean. These selected events and transactions occurred during March. Mar. 1 Stockholders invested $61,000 cash in the business in exchange for common stock of the corporation. 3 Purchased Snead's Golf Land for $46,400 cash. The price consists of land $23,300, building $8,090, and equipment $15,010. (Record this in a single entry.) 5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses...