During 2022, Flounder Corp. entered into the following transactions. 1. Borrowed 563,900 by issuing bonds. 2....
In Accounting Current Attempt in Progress During 2022, Riverbed Corp entered into the following transactions. 1. Borrowed $61,100 by issuing bonds. 2. Paid $8,880 cash dividend to stockholders. 3. Received $18,700 cash from a previously billed customer for services performed. 4. Purchased supplies on account for $2,600. Using the following tabular analysis, show the effect of each transaction on the accounting equation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses)...
View Policies Current Attempt in Progress During 2022, Whispering Winds Corp. entered into the following transactions. 1. 2. 3. Borrowed $60,200 by issuing bonds. Paid $9.240 cash dividend to stockholders. Received $14,500 cash from a previously billed customer for services performed. Purchased supplies on account for $3,300, 4. Using the following tabular analysis, show the effect of each transaction on the accounting equation (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity place a negative sign (or...
1. 2. 3. During 2022, its first year of operations as a delivery service, Flounder Corp. entered into the following transactions. Issued shares of common stock to investors in exchange for $137,000 in cash. Borrowed $55,000 by issuing bonds. Purchased delivery trucks for $63,000 cash. Received $18,000 from customers for services performed. Purchased supplies for $6,600 on account. Paid rent of $5,900 Performed services on account for $10,700. Paid salaries of $26,700. Paid a dividend of $11,500 to shareholders. 4....
During 2022, its first year of operations as a delivery service, Ayayai Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $100,000 in cash. 2. Borrowed $35,000 by issuing bonds. 3. Purchased delivery trucks for $50,000 cash. 4. Received $14,000 from customers for services performed. 5. Purchased supplies for $2,700 on account. 6. Paid rent of $4,200. 7. Performed services on account for $10,000. 8. Paid salaries of $26,000. 9. Paid a...
During 2022, its first year of operations as a delivery service, Monty Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $109,000 in cash. 2. Borrowed $53,000 by issuing bonds. 3. Purchased delivery trucks for $60,000 cash. 4. Received $14,000 from customers for services performed. 5. Purchased supplies for $4,100 on account. 6. Paid rent of $6,200. 7. Performed services on account for $11,900. 8. Paid salaries of $28,600. 9. Paid a...
During 2022, its first year of operations as a delivery service, Grouper Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $123,000 in cash. 2. Borrowed $37,000 by issuing bonds. 3. Purchased delivery trucks for $64,000 cash. 4. Received $15,000 from customers for services performed. 5. Purchased supplies for $6,100 on account. 6. Paid rent of $5,800. 7. Performed services on account for $11,800. 8. Paid salaries of $27,700. 9. Paid a...
During 2022, its first year of operations as a delivery service, Persimmon Corp, entered into the following transactions. Issued shares of common stock to investors in exchange for $100,000 in cash. Borrowed $45,000 by issuing bonds. Purchased delivery trucks for $60,000 cash. Received $16,000 from customers for services performed. Purchased supplies for $4,700 on account. Paid rent of $5,200 7. Performed services on account for $10,000. Paid salaries of $28,000 Paid a dividend of $11,000 to shareholders. 1. 2. 3....
During 2022, Cullumber Company entered into the following transactions. 1. Purchased equipment for $334,720 cash. 2. Issued common stock to investors for $139,950 cash. 3. Purchased inventory of $68,130 on account. Using the following tabular analysis, show the effect of each transaction on the accounting equation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was...
during 2017, concord corporation entered into the following transactions. Question 1 View Policies Current Attempt in Progress During 2017. Concord Corporation entered into the following transactions 1. Borrowed $59.600 by issuing bonds. 2. Paid $9,120 cash dividend to stockholders. 3. Received $19.200 cash from a previously billed customer for services performed 4. Purchased supplies on account for $3,000. Using the following tabular analysis, show the effect of each transaction on the accounting equation. For Retained Earnings, use separate columns for...
View Policies Current Attempt in Progress During 2022, Sunland Company entered into the following transactions. 1. Purchased equipment for $288,950 cash. 2. Issued common stock to investors for $139,510 cash. 3. Purchased inventory of $64,750 on account. Using the following tabular analysis, show the effect of each transaction on the accounting equation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset,...