Please give positive ratings so I can keep answering. It would help me a lot. Please comment if you have any query. Thanks! |
Taylor Computing Inc. | |||||||||||||||
Answer 1 | Assets | = | Liabilities | + | Stockholder's Equity | ||||||||||
Event | Cash | + | Accounts Receivable | + | Supplies | + | Equipment | = | Accounts Payable | + | Common Stock | + | Retained Earnings | + | Type of equity transactions |
Opening Balance | 2,250.00 | + | 3,500.00 | + | + | 12,300.00 | = | 8,100.00 | + | 6,500.00 | + | 3,450.00 | + | ||
a. | 3,800.00 | + | + | + | = | + | 3,800.00 | + | + | Financing Activity | |||||
b. | 6,000.00 | + | + | + | = | + | + | 6,000.00 | + | Revenue. Operating Activity | |||||
c. | (4,400.00) | + | + | + | = | (4,400.00) | + | + | + | ||||||
d. | + | + | 1,100.00 | + | = | 1,100.00 | + | + | + | ||||||
e. | 2,000.00 | + | (2,000.00) | + | + | = | + | + | + | ||||||
f. | + | 4,200.00 | + | + | = | + | + | 4,200.00 | + | Revenue. Operating Activity | |||||
g. | (2,150.00) | + | + | + | = | + | + | (1,500.00) | + | Expense. Operating Activity | |||||
g. | + | + | + | = | + | + | (650.00) | + | Expense. Operating Activity | ||||||
h. | (2,500.00) | + | + | + | = | + | + | (2,500.00) | + | Dividend Expense. Financing Activity | |||||
Total | $ 5,000.00 | + | $ 5,700.00 | + | $ 1,100.00 | + | $ 12,300.00 | = | $ 4,800.00 | $ 10,300.00 | $ 9,000.00 | $ - |
Answer 2 | |
Income Statement | Amount $ |
Revenues | 10,200.00 |
Less: Expenses | |
Rent Expense | 1,500.00 |
Advertising Expense | 650.00 |
Total Expenses | 2,150.00 |
Net Income | 8,050.00 |
Answer 3 | |
Statement of Owner's Equity | Amount $ |
Opening balance | 3,450.00 |
Add: Net Income | 8,050.00 |
Less: Dividends | 2,500.00 |
Closing balance | 9,000.00 |
Answer 4 | ||||
Balance Sheet | ||||
Assets | Amount $ | Liabilities & Stockholder's Equity | ||
Current Assets | Current Liabilities | Amount $ | ||
Cash | 5,000.00 | Accounts Payable | 4,800.00 | |
Accounts Receivable | 5,700.00 | Current Liabilities | 4,800.00 | |
Office Supplies | 1,100.00 | Stockholder's Equity | ||
Current Assets | 11,800.00 | Common Stock | 10,300.00 | |
Fixed Assets | Retained Earnings | 9,000.00 | ||
Equipment | 12,300.00 | Stockholder's Equity | 19,300.00 | |
Fixed Assets | 12,300.00 | |||
Total Assets | 24,100.00 | Total Liabilities & Stockholder's Equity | 24,100.00 |
0 September 30, 2018 financial position Assets = + Liabilities Accounts Payable 8,100 Accounts + Receivable...
September 30, 2018 financial position - X = Assets Accounts + Receivable + Supplies - Equipment 3,400 12,400 Liabilities + Accounts Payable + 8,2005 Stockholders' Equity Common Retained Stock + Earnings ,500 4.400 = Cash 2,300 Bal Print Done Transactions a. The company received cash of $4,300 and issued common stock b. Performed services for a customer and received cash of $6,100. c. Paid $4,500 on accounts payable. d. Purchased supplies on account, $600. e. Collected cash from a customer...
4 September 30, 2018 financial position - X = Assets Accounts + Receivable + Supplies 3,500 Liabilities Accounts Payable 7,600 Stockholders' Equity Common Retained Stock + Earnings 6.200 3.850 = + Cash Bal 2,150 - Equipment 12,000 Print Done A Transactions a. The company received cash of $4,100 and issued common stock. b. Performed services for a customer and received cash of $6,100. c. Paid $4,100 on accounts payable. d. Purchased supplies on account, $1,000. e. Collected cash from a...
The following amounts summarize the financial position of Willis Computing, Inc., on September 30, 2018: (Click the icon to view the September 30, 2018 financial position.) During October 2018, Willis Computing completed these transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Analyze the effects of the preceding transactions on the accounting equation of Willis Computing, Inc Enter the transactions in the accounting equation, beginning with transaction "a" For transactions that affect stockholders' equity, select the...
a-h
are the transactions and then the a-h on the first part just go
with the transactions
The following out the financial position of Swth Computing, Inc., on September 30, 2018 Click the icon to view the September 30, 2018 francial position) During October 2018. Smith Computing completed these transactions Cick the icon to view the transactions) Read the requirements Requirement 1. Au the affects of the preceding transactions on the accounting equation of Smith Computing, Inc Enter the transactions...
2018 2019 Assets Current assets Cash Accounts receivable Inventory 2018 2019 Liabilities and Owners' Equity Current liabilities Accounts payable $500 $ 700 Notes payable 900 700 $ 500 $1,000 500 400 900 600 Total $ 1.900 $2,000 Total $ 1,400 $ 1,400 $ 400 $ 600 Long-term debt Owners' equity Common stock Accumulated retained earnings $ 600 $ 621 Fixed assets $ 500 $ 579 Net plant and equipment $1,000 $ 1,200 Total $ 1,100 $ 1200 Total assets $2,900...
At the beginning of 2018, Better Corp.'s accounting records had the following general ledger accounts and balances: BETTER CORP. Accounting Equation Event Assets = + Accounting Titles for Retained Earnings Liabilities Notes Payable 12,100 Cash Land 11,000 21,000 - Stockholders' Equity Common Retained Stock Earnings 7,100 12,800 Balance 1/1/2018 Better Corp. completed the following transactions during 2018: 1. Purchased land for $5,500 cash. 2. Acquired $26,000 cash from the issue of common stock. 3. Received $65,000 cash for providing services...
At the beginning of 2018, Better Corp.'s accounting records had the following general ledger accounts and balances: BETTER CORP. Accounting Equation Event Assets = Accounting Titles for Retained Earnings + Liabilities Notes Payable 12,000 Cash Land 10,000 20,000 Stockholders' Equity Common Retained Stock Earnings 7,000 11,000 Balance 1/1/2018 Better Corp. completed the following transactions during 2018: 1. Purchased land for $5,000 cash. 2. Acquired $25,000 cash from the issue of common stock. 3. Received $75,000 cash for providing services to...
At the beginning of 2018, Better Corp's accounting records had the following general ledger accounts and balances: CORP Event Assets BETTER CORP. Accounting Equation Liabilities + Stockholders' Equity Notes Common Retained Payable S tock Earnings 8,300 34,400 Accounting Titles for Retained Earnings Balance 1/1/2018 Cash Land 23,000 33,000 13,300 Better Corp. completed the following transactions during 1. Purchased land for $11,500 cash. 2. Acquired $38,000 cash from the issue of common stock 3. Received $77,000 cash for providing services to...
Thank you so much!
The following amounts summarize the financial position of Smith Computing, Inc., on September 30, 2018: Click the icon to view the September 30, 2018 financial position) During October 2018, Smith Computing completed these transactions Click the icon to view the transactions) Smith Computing, Inc. performed a transactional analysis to determine the effects of the transactions on their accounting equation Click the icon to view the completed accounting equation analysis.) Read the girements Requirement 1. Journalize the...
At the beginning of 2018, Better Corp's accounting records had the following general ledger accounts and balances: BETTER CORP. Accounting Equation Event - + Accounting Titles for Retained Earnings Liabilities Notes Payable 12,800 Cash Land 18,000 28,000 Stockholders' Equity Common Retained Stock Earnings 7,800 25,400 Balance 1/1/2018 Better Corp. completed the following transactions during 2018: 1. Purchased land for $9,000 cash. 2. Acquired $33,000 cash from the issue of common stock 3. Received $72,000 cash for providing services to customers....