Homework Answers
| No. | Received | Given |
| a | Cash | Common Stock and Additional Paid in Capital |
| b | Equipment | Cash |
| c | No exchange transaction | No exchange transaction |
| d | Equipment | Notes Payable |
| e | Building | Cash |
| f | Intangibles | Cash |
| g | Retained Earnings | Dividends Payable |
| h | Land | Cash |
| i | Intangibles | Cash and Notes Payable |
| j | Drawings | Cash |
| k | Investments | Cash |
| l | Cash | Notes Payable |
| m | Notes Payable | Cash |
| Note | ||
| j | If owner paid then, No exchange transaction |
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Received Given Building Cash Cash and notes payable Common stock and additional paid-in capital (a): (b)...
Paid $400 cash on accounts payable. Made a cash purchase of land for a building site...
Paid $400 cash on accounts payable. Made a cash purchase of land for a building site for the business, $89,000. Sold land and received cash of $69,000 (the land was carried on the company's books at $69,000). a. b. C. Received $15,400 cash from customers on account. d. Purchased medical equipment and signed a $90,000 promissory note in e. payment. f. Purchased a flat-screen TV for Smith's home. Paid Smith a cash dividend of 4,000. g. h. Purchased office supplies...
A: Received cash of $35,000 from the issue of common stock. B: Performed $54,000 of services...
A: Received cash of $35,000 from the issue of common stock.
B: Performed $54,000 of services on account.
C:Incurred $7,700 of other operating expenses on account.
D:Paid $27,000 cash for salaries expense.
e: Collected $37,500 of accounts receivable.
f: Paid a $3,600 dividend to the stockholders.
G: Performed $10,100 of services for cash.
H: Paid $6,100 of the accounts payable.
The following events apply to Montgomery Company for Year 1, its first year of operation: 1. Received cash of $35,000...
The following are independent situations. a. A company orders and receives 10 personal computers for office...
The following are independent situations. a. A company orders and receives 10 personal computers for office use for which it signs a note promising to pay $12,500 within three months. b. A company purchases for $16,000 cash a new delivery truck that has a list ("sticker") price of $18,500. CAwomen's clothing retailer orders 20 new display stands for $110 each for future delivery. d. A new company is formed and issues 200 shares for $10 per share to investors. e....
a. Received $10,300 cash for consulting services rendered in January b. Issued common stock to investors...
a. Received $10,300 cash for consulting services rendered in January b. Issued common stock to investors for $16,500 cash. c. Purchased $15,300 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. d. Received $12,100 cash for consulting services to be performed in February e. Bought and received $1,030 of supplies on account. Received utility bill for January for $2,190, due February 15. g. Consulted for customers in January for fees totaling...
a. Kacy Spade, owner, invested $17,500 cash in the company in exchange for common stock. b....
a. Kacy Spade, owner, invested $17,500 cash in the company in exchange for common stock. b. The company purchased office supplies for $508 cash. c. The company purchased $9,678 of office equipment on credit. d. The company received $2,065 cash as fees for services provided to a customer. e. The company paid $9,678 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $3,710 as fees for services provided. g. The...
The following are independent situations. a. A company orders and receives 10 personal computers for office...
The following are independent situations. a. A company orders and receives 10 personal computers for office use for which it signs a note promising to pay $20,000 within three months b. A company purchases for $24,000 cash a new delivery truck that has a list (sticker) price of $27.000. c. A women's clothing retailer orders 30 new display stands for $330 each for future delivery d. A new company is formed and issues 100 shares of stock for 312 per...
a. Kacy Spade, owner, invested $19,250 cash in the company in exchange for common stock. b....
a. Kacy Spade, owner, invested $19,250 cash in the company in exchange for common stock. b. The company purchased office supplies for $558 cash. C. The company purchased $10,645 of office equipment on credit. d. The company received $2,272 cash as fees for services provided to a customer. e. The company paid $10,645 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $4,081 as fees for services provided. g. The...
a. Kacy Spade, owner, invested $18,500 cash in the company in exchange for common stock. b....
a. Kacy Spade, owner, invested $18,500 cash in the company in exchange for common stock. b. The company purchased office supplies for $537 cash. c. The company purchased $10,231 of office equipment on credit. d. The company received $2,183 cash as fees for services provided to a customer. e. The company paid $10,231 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $3.922 as fees for services provided. g. The...
choices for each line are: accounts payable, accounts recievable, cash, common stock, dividends, fees earned, office...
choices for each line are: accounts payable, accounts
recievable, cash, common stock, dividends, fees earned, office
equipment, office supplies, rent expense
a. Kacy Spade, owner, invested $17,500 cash in the company in exchange for common stock. b. The company purchased office supplies for $508 cash. c. The company purchased $9,678 of office equipment on credit. d. The company received $2,065 cash as fees for services provided to a custor e. The company paid $9,678 cash to settle the payable for...
a. Kacy Spade, owner, invested $16,750 cash in the company in exchange for common stock. b....
a. Kacy Spade, owner, invested $16,750 cash in the company in exchange for common stock. b. The company purchased office supplies for $486 cash. c. The company purchased $9,263 of office equipment on credit. d. The company received $1,976 cash as fees for services provided to a customer. e. The company paid $9,263 cash to settle the payable for the office equipment purchased in transactionc f. The company billed a customer $3,551 as fees for services provided. 9. The company...
Paid $400 cash on accounts payable. Made a cash purchase of land for a building site for the business, $89,000. Sold land and received cash of $69,000 (the land was carried on the company's books at $69,000). a. b. C. Received $15,400 cash from customers on account. d. Purchased medical equipment and signed a $90,000 promissory note in e. payment. f. Purchased a flat-screen TV for Smith's home. Paid Smith a cash dividend of 4,000. g. h. Purchased office supplies...
A: Received cash of $35,000 from the issue of common stock.
B: Performed $54,000 of services on account.
C:Incurred $7,700 of other operating expenses on account.
D:Paid $27,000 cash for salaries expense.
e: Collected $37,500 of accounts receivable.
f: Paid a $3,600 dividend to the stockholders.
G: Performed $10,100 of services for cash.
H: Paid $6,100 of the accounts payable.
The following events apply to Montgomery Company for Year 1, its first year of operation: 1. Received cash of $35,000...
The following are independent situations. a. A company orders and receives 10 personal computers for office use for which it signs a note promising to pay $12,500 within three months. b. A company purchases for $16,000 cash a new delivery truck that has a list ("sticker") price of $18,500. CAwomen's clothing retailer orders 20 new display stands for $110 each for future delivery. d. A new company is formed and issues 200 shares for $10 per share to investors. e....
a. Received $10,300 cash for consulting services rendered in January b. Issued common stock to investors for $16,500 cash. c. Purchased $15,300 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. d. Received $12,100 cash for consulting services to be performed in February e. Bought and received $1,030 of supplies on account. Received utility bill for January for $2,190, due February 15. g. Consulted for customers in January for fees totaling...
a. Kacy Spade, owner, invested $17,500 cash in the company in exchange for common stock. b. The company purchased office supplies for $508 cash. c. The company purchased $9,678 of office equipment on credit. d. The company received $2,065 cash as fees for services provided to a customer. e. The company paid $9,678 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $3,710 as fees for services provided. g. The...
The following are independent situations. a. A company orders and receives 10 personal computers for office use for which it signs a note promising to pay $20,000 within three months b. A company purchases for $24,000 cash a new delivery truck that has a list (sticker) price of $27.000. c. A women's clothing retailer orders 30 new display stands for $330 each for future delivery d. A new company is formed and issues 100 shares of stock for 312 per...
a. Kacy Spade, owner, invested $19,250 cash in the company in exchange for common stock. b. The company purchased office supplies for $558 cash. C. The company purchased $10,645 of office equipment on credit. d. The company received $2,272 cash as fees for services provided to a customer. e. The company paid $10,645 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $4,081 as fees for services provided. g. The...
a. Kacy Spade, owner, invested $18,500 cash in the company in exchange for common stock. b. The company purchased office supplies for $537 cash. c. The company purchased $10,231 of office equipment on credit. d. The company received $2,183 cash as fees for services provided to a customer. e. The company paid $10,231 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $3.922 as fees for services provided. g. The...
choices for each line are: accounts payable, accounts
recievable, cash, common stock, dividends, fees earned, office
equipment, office supplies, rent expense
a. Kacy Spade, owner, invested $17,500 cash in the company in exchange for common stock. b. The company purchased office supplies for $508 cash. c. The company purchased $9,678 of office equipment on credit. d. The company received $2,065 cash as fees for services provided to a custor e. The company paid $9,678 cash to settle the payable for...
a. Kacy Spade, owner, invested $16,750 cash in the company in exchange for common stock. b. The company purchased office supplies for $486 cash. c. The company purchased $9,263 of office equipment on credit. d. The company received $1,976 cash as fees for services provided to a customer. e. The company paid $9,263 cash to settle the payable for the office equipment purchased in transactionc f. The company billed a customer $3,551 as fees for services provided. 9. The company...
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