Mia Anabelle of Winnipeg began a new business called Mias Nail Spa. The following transactions resulted: A.
Question:
Mia Anabelle of Winnipeg began a new business called Mia’s Nail Spa. The following transactions resulted:
A. Mia invested $16,000 cash from her personal bank account into the salon.
B. Bought equipment on account, $1,500.
C. Paid $800 cash to reduce what was owed from Transaction B.
D. Purchased additional equipment for cash, $3,000.
Record these transactions in the basic accounting equation
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
Transaction a BALANCE Transaction b BALANCE Transaction c BALANCE ...View the full answer
Answered By
Bhartendu Goyal
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions. I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge. I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields. Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a tea...
3.00+
2+ Reviews
10+ Question Solved
Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
Question Posted:
Students also viewed these Accounting questions
-
Robbie James began a new business called RJ Graphics, located in Moncton. The following transactions resulted: A. Robbie invested $14,000 cash from her personal bank account in the graphics company....
-
Morgan Amberson decided to open Morgan's Nail Spa. Morgan completed the following transactions: a. Invested $16,000 cash from her personal bank account into the business. b. Bought store equipment...
-
Ruth Jones began a new business called RJ Graphics, located in Moncton. The following transactions resulted: A. Ruth invested $10,500 cash from her personal bank account in the graphics company. B....
-
Given the graph of a degree 5 polynomial below, complete the table of values for either the x-value of a zero, or the multiplicity of the zero. Write roots in order from least to greatest. Root with...
-
Refer to exercise 7, where an estimated regression equation relating years of experience and annual sales was developed. a. Compute the residuals and construct a residual plot for this problem. b. Do...
-
Write a paper, using third person perspective, making a compelling argument as to how the use of Enterprise Application Software can be used successfully in the management of an enterprise's value...
-
Compare and contrast behavior modeling and learner instruction. AppendixLO1
-
Rod Clooney purchases Agnes Mitchell's sole proprietorship for $990,000 on August 15, 2014. The assets of the business are as follows: Rod and Agnes agree that $50,000 of the purchase price is for...
-
In a small economy for an island the risk free rate is 7 % but the required market returns are 10 %. Given the information for Stock A below calculate the beta co-efficient. Stock Return Market...
-
Camp and Fevurly Financial Planners have forecasted revenues for the first six months of 2012, as shown in the following table. Month..................... Revenue.....................
-
Jill Martin of Regina opened Martins Catering Service. As her accountant, analyze the transactions listed below and present in proper form: 1. The analysis of the transactions by utilizing the...
-
Bill See has asked you to prepare a balance sheet as of September 30, 2014, for Sees Internet Service of Halifax. Assist Bill. B. See, Capital $24,000 Accounts Payable 60,000 Equipment 40,000...
-
The repeating decimal 0.222222 . . . can be expressed as infinite geometric series By finding the sum of the series, determine the rational number whose decimal expansion is 0.222222. . . . -0.2(1) +...
-
The following accounts appear in the ledger of Sheridan Ltd. after the books are closed at December 31 ( in thousands). Share Capital-Ordinary, no par, 1 stated value, 400,000 shares authorized;...
-
1. Let f(x) 223-9x2. (a) Find all critical points for f(x).
-
Sadie's ski shop sells ski and boots. Skis are sold for $300 per pair and have associated Variable Costs of $150 per pair. Boots are sold for $200 per pair with an associated Variable Expense of $65...
-
How do you apply what is learned in the Science of Branding 1 5 - 1 , Key Insights Regarding Global Brand Strategies Based on Research Findings to improve on the brand?
-
CASH MANAGEMENT Dr. Umburgh noticed that the $100.00 check made to Trenton Medical Supplies has not cleared for four months. What type of check is the outstanding check referred to as? a. Stale-dated...
-
Mrs. Vandana runs a small printing firm. She was maintaining only some records, which she thought, were sufficient to run the business. On April 01, 2004, available information from her records...
-
Currently, there are five concepts of food stands, including: hot dogs, soft pretzels, turkey legs, sandwich wraps, and funnel cakes. This approach will double the existing number of food stands...
-
CONTINUING CASE ASSIGNMENT: GO SHOPPING The objective of this assignment is to have you take the retailers, rather than the consumers, perspective and think about the different strategies that the...
-
As the new accountant for Mary's Card House in Halifax, your task is to: a. Journalize the transactions for the month of March. b. Record in subsidiary ledgers and post to the general ledger as...
-
Amy Burke recently opened a gift store in Shelburne. As the bookkeeper of her shop, journalize, record, and post when appropriate the following transactions (account numbers are: Store Supplies, 124;...
-
Super Sweets of Edmonton, owned and operated by Jennifer Blanca, uses a purchases journal (page 15) and a general journal (page 3) to record the following transactions (continued from July): 2017...
-
*please calculate irr in excel
-
Which of the following would not be a period cost? Research and development Direct materials Office supplies Advertising costs
-
\ table [ [ Activity Cost Pool,Activity Measure,Total Cost,Total Activity ] , [ Machining , Machine - hours,$ 3 3 0 , 0 0 0 , 1 5 , 0 0 0 MHs ] , [ Machine setups,Number of setups,$ 3 0 0 , 0 0 0 , 5...
Study smarter with the SolutionInn App