stockholders equity | ||||||||||||||||||
NO | cash | ( + ) | accounts receivable | ( + ) | supplies | ( + ) | equipment | ( = ) | accounts payable | ( + ) | common stock | ( + ) | retained earnings | |||||
( + ) | revenue | ( - ) | expenses | ( - ) | Dividends | |||||||||||||
1) | $ 29,600 | ( + ) | $ 0 | ( + ) | $ 0 | ( + ) | $ 0 | ( = ) | $ 0 | ( + ) | $ 29,600 | ( + ) | 0 | ( - ) | $0 | ( - ) | 0 | Common stock |
2) | -690 | ( + ) | 0 | ( + ) | 0 | ( + ) | 0 | ( = ) | 0 | ( + ) | 0 | ( + ) | 0 | ( - ) | $ 690 | ( - ) | 0 | office and administrative expenses |
3) | -2980 | ( + ) | 0 | ( + ) | 0 | ( + ) | 2,980 | ( = ) | 0 | ( + ) | 0 | ( + ) | 0 | ( - ) | 0 | ( - ) | 0 | fixed assets |
4) | 0 | ( + ) | 0 | ( + ) | 0 | ( + ) | 0 | ( = ) | 110 | ( + ) | 0 | ( + ) | 0 | ( - ) | 110 | ( - ) | 0 | advertising expenses |
5) | -430 | ( + ) | 0 | ( + ) | 430 | ( + ) | 0 | ( = ) | 0 | ( + ) | 0 | ( + ) | 0 | ( - ) | 0 | ( - ) | 0 | supplies expenses |
6) | 3700 | ( + ) | 7400 | ( + ) | 0 | ( + ) | 0 | ( = ) | 0 | ( + ) | 0 | ( + ) | 11,100 | ( - ) | 0 | ( - ) | 0 | service revenue |
7) | -290 | ( + ) | 0 | ( + ) | 0 | ( + ) | 0 | ( = ) | 0 | ( + ) | 0 | ( + ) | 0 | ( - ) | 0 | ( - ) | 290 | dividends |
8) | -110 | ( + ) | 0 | ( + ) | 0 | ( + ) | 0 | ( = ) | -110 | ( + ) | 0 | ( + ) | 0 | ( - ) | 0 | ( - ) | 0 | advertising expenses ( paid) |
9) | -1410 | ( + ) | 0 | ( + ) | 0 | ( + ) | 0 | ( = ) | 0 | ( + ) | 0 | ( + ) | 0 | ( - ) | 1,410 | ( - ) | 0 | salaries and wages expense |
10) | 7400 | ( + ) | -7400 | ( + ) | 0 | ( + ) | 0 | ( = ) | 0 | ( + ) | 0 | ( + ) | 0 | ( - ) | 0 | ( - ) | 0 | accounts receivables |
TOTAL | $ 34790 | ( + ) | $ 0 | ( + ) | $ 430 | ( + ) | $ 2,980 | ( = ) | $ 0 | ( + ) | $ 29,600 | ( + ) | $ 11,100 | ( - ) | 2,210 | ( - ) | 290 |
On April 1, Larkspur, Inc. was established. These transactions were completed during the month. 1. Stockholders...
the ones in red need solving On April 1, Larkspur, Inc. was established. These transactions were completed during the month. 1. Stockholders invested $29,600 cash in the company in exchange for common stock. 2. Paid $690 cash for April office rent. 3. Purchased office equipment for $2,980 cash. 4. Purchased $110 of advertising in the Chicago Tribune, on account. 5. Paid $430 cash for office supplies. 6. Performed services worth $11,100. Cash of $3,700 is received from customers, and the...
On April 1, Larkspur, Inc. was established. These transactions were completed during the month. 1. Stockholders invested $29,600 cash in the company in exchange for common stock. 2. Paid $690 cash for April office rent. 3. Purchased office equipment for $2,980 cash. 4. Purchased $110 of advertising in the Chicago Tribune, on account. 5. Paid $430 cash for office supplies. 6. Performed services worth $11,100. Cash of $3,700 is received from customers, and the balance of $7,400 is billed to...
On April 1, Kingbird, Inc. was established. These transactions were completed during the month. 1. Stockholders invested $28,000 cash in the company in exchange for common stock. 2. Paid $500 cash for April office rent. 3. Purchased office equipment for $2,900 cash. 4. Purchased $100 of advertising in the Chicago Tribune, on account. 5. Paid $300 cash for office supplies. 6. Performed services worth $11,000. Cash of $2,000 is received from customers, and the balance of $9,000 is billed to...
P1.1A (LO 3, 4) On April 1, Julie Spengel established Spengel's Travel Agency. The following transactions were completed during the month. 1. Invested $15,000 cash to start the agency. 2. Paid $600 cash for April office rent. 3. Purchased equipment for $3,000 cash. 4. Incurred $700 of advertising costs in the Chicago Tribune, on account. 5. Paid $900 cash for office supplies. 6. Performed services worth $10,000: $3,000 cash is received from customers, and the balance of $7,000 is billed to customers on account. 7. Withdrew $600...
On April 1, Barbara Jones established Jones's Travel Agency. The following transactions were completed during the month. 1. 2. 4. 5. 6. 7. 8. 9. 10. Invested $16,000 cash to start the agency. Paid $600 cash for April office rent. Purchased equipment for $2,800 cash. Incurred $800 of advertising costs in the Chicago Tribune, on account. Paid $800 cash for office supplies. Performed services worth $11,000: $2,600 cash is received from customers, and the balance of $8,400 is billed to...
On April 1, Barbara Jones established Jones's Travel Agency. The following transactions were completed during the month. 1. 2. 3. 5. 6. 7. B. 9. 10. Invested $16,000 cash to start the agency. Paid $600 cash for April officerent. Purchased equipment for $2,800 cash. Incurred $800 of advertising costs in the Chicago Tribune, on account. Paid $800 cash for office supplies. Performed services worth $11,000: $2,500 cash is received from customers, and the balance of $,400 is billed to customers...
I need to complete the tabular analysis of the transactions. On April 1, Nancy Jackson established Jackson’s Travel Agency. The following transactions were completed during the month. 1. Invested $14,000 cash to start the agency. 2. Paid $600 cash for April office rent. 3. Purchased equipment for $3,800 cash. 4. Incurred $600 of advertising costs in the Chicago Tribune, on account. 5. Paid $900 cash for office supplies. 6. Performed services worth $11,000: $3,300 cash is received from customers, and...
Problem 1-01A a-b On April 1, Sharon Lee established Lee's Travel Agency. The following transactions were completed during the month. Invested $14,000 cash to start the agency. 1. Paid $500 cash for April office rent. 2. Purchased equipment for $2,000 cash. 3. Incurred $900 of advertising costs in the Chicago Tribune, on account. 4. Paid $900 cash for office supplies. 5. Performed services worth $11,000: $3,500 cash is received from customers, and the balance of $7,500 is billed to customers...
On April 1. Larkspur, Inc. began operations. The following transactions were completed during the month. 1. Issued common stock for $23,500 cash. 2. Obtained a bank loan for $6,900 by issuing a note payable. 3. Paid $10,800 cash to buy equipment 4. Paid $1,200 cash for April office rent. 5. Paid $1,400 for supplies. 6. Purchased $590 of advertising in the Daily Herald, on account. 7. Performed services for $17,600: cash of $1,960 was received from customers, and the balance...
On April 1, Larkspur, Inc. began operations. The following transactions were completed during the month. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. Issued common stock for $23,500 cash. Obtained a bank loan for $6,900 by issuing a note payable. Paid $10,800 cash to buy equipment. Paid $1,200 cash for April office rent. Paid $1,400 for supplies. Purchased $590 of advertising in the Daily Herald, on account. Performed services for $17,600: cash of $1,960...