Homework Answers
| Assets | Liabilities | Owner's Fund | Income Statement | ||||||||||||||
| Accounts | Accounts | ||||||||||||||||
| Cash | + | Receivable | + | Equipment | = | Payable | + | Capital | - | Withdrawal | Revenue | - | Expenses | = | Income | ||
| a) | $ 45,000.00 | $ 45,000.00 | |||||||||||||||
| b) | $ 9,500.00 | $ 9,500.00 | |||||||||||||||
| c) | $ (75.00) | $ 75.00 | |||||||||||||||
| d) | $ 14,100.00 | $ 14,100.00 | $ 14,100.00 | $ 14,100.00 | |||||||||||||
| e) | $ 29,600.00 | $ 29,600.00 | $ 29,600.00 | $ 29,600.00 | |||||||||||||
| f) | $ (3,400.00) | $ (3,400.00) | $ 3,400.00 | $ (3,400.00) | |||||||||||||
| g) | $ (1,500.00) | $ (1,500.00) | $ 1,500.00 | $ (1,500.00) | |||||||||||||
| Total | $54,125.00 | $29,600.00 | $9,500.00 | $9,500.00 | $83,800.00 | $ 75.00 | $43,700.00 | $4,900.00 | $38,800.00 | ||||||||
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Record the following transaction into the expanded equation for Beste.Co. a. Bell invested $45,000 in a...
a. Beadell invested $70,000 in a computer company Assets = Liabilities + Cash + + Accounts...
a. Beadell invested $70,000 in a computer company Assets = Liabilities + Cash + + Accounts Receivable Computer Equipment Accounts Payable – B. Beadell Capital Owner's Equity B Boadell + Revenues Withdrawals Expenses a. Beadell invested $70,000 in a computer company b. Bought computer equipment on account, $9,500. C. Beadell paid personal telephone bill from company checkbook, $225. d. Received cash for services rendered, $14,200. e. Billed customers for services rendered for month, $30,800. f. Paid current rent expense, $4,200....
Given the following accounts, complete the table by inserting appropriate numbers next to the individual transaction...
Given the following accounts, complete the table by inserting appropriate numbers next to the individual transaction to indicate which account is debited and which account is credited (Click the icon to view the accounts.) i (Click the icon to view the table) Given the following accounts, complete the table by inserting appropriate numbers next to the individual transaction to indicate which account is debited and which account is credited Click the icon to view the accounts.) More Info Transaction Example...
QUESTION 2 Record the following selected transactions for October as journal entries for Sam Co.: Jan....
QUESTION 2 Record the following selected transactions for October as journal entries for Sam Co.: Jan. 1 auw Received cash from the investment made by Sam, $10,000. Received cash for fees earned from completing jobs, $9,500. Billed customers on account for providing services, $6,500. Paid rent expense, $600. Received cash from customers on account, $2,500. Sam, the owner, withdrew $1,000 for his own personal use. Paid $900 on an account payable. Paid telephone bill, $300 Date Description Post. Ref. Debit...
Enter the following transactions in the T-accounts below. Use key letters to identify each transaction. Foot...
Enter the following transactions in the T-accounts below. Use key letters to identify each transaction. Foot and balance each T-account. Prepare a Trial Balance in good form. h Owner invests $20,000 cash and $300 of supplies in his new business, Happy Hunters. Recorded cash received for services rendered, $2,500. Billed customers for services rendered, $2,800. Received water bill, $240. Purchased supplies for $150 on account. Purchased equipment costing $900, paying $100 down and the remainder on account. Paid for an...
"Using T accounts to record all business transactions." 3.4A. The following accounts and transactions are for...
"Using T accounts to record all business transactions." 3.4A. The following accounts and transactions are for Horace Brock, Landscape Consultant. Analyze the transactions. Record each in the appropriate T accounts. Use plus and minus signs in front of the amounts to show the increases and decreases. Identify each entry in the T accounts. By writing the letter of the transaction next to the entry. Assets: Cash, Accounts Receivable, Office Furniture, Office Equipment Liabilities: Accounts Payable Owner’s Equity: Horace Brock –...
The following transactions are for Horace Brock, Landscape Consultant. TRANSACTIONS a. Brock invested $143,000 in cash...
The following transactions are for Horace Brock, Landscape Consultant. TRANSACTIONS a. Brock invested $143,000 in cash to start the business. b. Paid $4,300 for the current month's rent. c. Bought office furniture for $15,020 in cash. d. Performed services for $8,900 in cash. e. Paid $1,080 for the monthly telephone bill. f. Performed services for $14.700 on credit. g. Purchased a computer and copier for $34,600, paid $11,300 in cash immediately with the balance due in 30 days. h. Received...
prepare a tabular analysis that shows the effects of these transactions on the expanded accounting equation...
prepare a tabular analysis that shows the effects of these
transactions on the expanded accounting equation
Transactions made by Pharoah Company for the month of March are shown below. 1. 2. 3. 4. The company performed $23,660 of services for customers on account. The company received $23,660 in cash from customers who had been billed for services [in transaction (1)). The company received a bill for $2,470 of advertising but will not pay it until a later date. Pharoah Company...
The following transactions are for Horace Brock, Landscape Consultant. TRANSACTIONS a. Brock invested $157,000 in cash...
The following transactions are for Horace Brock, Landscape Consultant. TRANSACTIONS a. Brock invested $157,000 in cash to start the business. b. Paid $5,700 for the current month's rent. c. Bought office furniture for $16,420 in cash. A. Performed services for $7,900 in cash. e. Paid $1,220 for the monthly telephone bill. f. Performed services for $13,700 on credit. g. Purchased a computer and copier for $37,400, paid $12,700 in cash immediately with the balance due in 30 days. h. Received...
Use the following transactions to answer the below questions. 1. Mr. Douglas invested $25,000 cash in...
Use the following transactions to answer the below questions. 1. Mr. Douglas invested $25,000 cash in the business. 2. Purchased equipment worth $7,000 with a $500 down payment. The remainder is due in 30 days. 3. Paid $900 cash for a six-month insurance policy. 4. Received $3,000 cash from customers for services rendered. 5. Paid wages, $1,750. 6. Received and paid advertising bill of $100. 7. Performed services worth $2,500 for credit customers. 8. Received $1,700 cash from customers previously...
I need help ASAP to complete this problem. Guttery invested 158,000 in cash to start the...
I need help ASAP to complete this problem.
Guttery invested 158,000 in cash to start the business
Paid 5800 for the current month's rent
bought office furniture for 16,520 in cash
Performed services for 8000 in cash
paid 1,230 for the monthly telephone bill
Performed services for 13800 on credit
Purchased a computer and copier for 3760: paid 12800 in cash
immediately with the balance due in 30 days
Paid 3800 in cash for office cleaning services for the month...
a. Beadell invested $70,000 in a computer company Assets = Liabilities + Cash + + Accounts Receivable Computer Equipment Accounts Payable – B. Beadell Capital Owner's Equity B Boadell + Revenues Withdrawals Expenses a. Beadell invested $70,000 in a computer company b. Bought computer equipment on account, $9,500. C. Beadell paid personal telephone bill from company checkbook, $225. d. Received cash for services rendered, $14,200. e. Billed customers for services rendered for month, $30,800. f. Paid current rent expense, $4,200....
Given the following accounts, complete the table by inserting appropriate numbers next to the individual transaction to indicate which account is debited and which account is credited (Click the icon to view the accounts.) i (Click the icon to view the table) Given the following accounts, complete the table by inserting appropriate numbers next to the individual transaction to indicate which account is debited and which account is credited Click the icon to view the accounts.) More Info Transaction Example...
QUESTION 2 Record the following selected transactions for October as journal entries for Sam Co.: Jan. 1 auw Received cash from the investment made by Sam, $10,000. Received cash for fees earned from completing jobs, $9,500. Billed customers on account for providing services, $6,500. Paid rent expense, $600. Received cash from customers on account, $2,500. Sam, the owner, withdrew $1,000 for his own personal use. Paid $900 on an account payable. Paid telephone bill, $300 Date Description Post. Ref. Debit...
Enter the following transactions in the T-accounts below. Use key letters to identify each transaction. Foot and balance each T-account. Prepare a Trial Balance in good form. h Owner invests $20,000 cash and $300 of supplies in his new business, Happy Hunters. Recorded cash received for services rendered, $2,500. Billed customers for services rendered, $2,800. Received water bill, $240. Purchased supplies for $150 on account. Purchased equipment costing $900, paying $100 down and the remainder on account. Paid for an...
The following transactions are for Horace Brock, Landscape Consultant. TRANSACTIONS a. Brock invested $143,000 in cash to start the business. b. Paid $4,300 for the current month's rent. c. Bought office furniture for $15,020 in cash. d. Performed services for $8,900 in cash. e. Paid $1,080 for the monthly telephone bill. f. Performed services for $14.700 on credit. g. Purchased a computer and copier for $34,600, paid $11,300 in cash immediately with the balance due in 30 days. h. Received...
prepare a tabular analysis that shows the effects of these
transactions on the expanded accounting equation
Transactions made by Pharoah Company for the month of March are shown below. 1. 2. 3. 4. The company performed $23,660 of services for customers on account. The company received $23,660 in cash from customers who had been billed for services [in transaction (1)). The company received a bill for $2,470 of advertising but will not pay it until a later date. Pharoah Company...
The following transactions are for Horace Brock, Landscape Consultant. TRANSACTIONS a. Brock invested $157,000 in cash to start the business. b. Paid $5,700 for the current month's rent. c. Bought office furniture for $16,420 in cash. A. Performed services for $7,900 in cash. e. Paid $1,220 for the monthly telephone bill. f. Performed services for $13,700 on credit. g. Purchased a computer and copier for $37,400, paid $12,700 in cash immediately with the balance due in 30 days. h. Received...
Use the following transactions to answer the below questions. 1. Mr. Douglas invested $25,000 cash in the business. 2. Purchased equipment worth $7,000 with a $500 down payment. The remainder is due in 30 days. 3. Paid $900 cash for a six-month insurance policy. 4. Received $3,000 cash from customers for services rendered. 5. Paid wages, $1,750. 6. Received and paid advertising bill of $100. 7. Performed services worth $2,500 for credit customers. 8. Received $1,700 cash from customers previously...
I need help ASAP to complete this problem.
Guttery invested 158,000 in cash to start the business
Paid 5800 for the current month's rent
bought office furniture for 16,520 in cash
Performed services for 8000 in cash
paid 1,230 for the monthly telephone bill
Performed services for 13800 on credit
Purchased a computer and copier for 3760: paid 12800 in cash
immediately with the balance due in 30 days
Paid 3800 in cash for office cleaning services for the month...
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