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these are three seperate problems....where is the xtra info needed?
bull CU. ISSUUS $32,000 of capital stock for cash. Required: For the transaction above, complete the following: (a) Select the accounts that are affected (there will be at least two). (b) Are the selected accounts increased or decreased? (c) What is amount of change in the accounts? (d) If Retaines is selected, choose the reason that it has changed. Account Which accounts are affected? Is the account increased or decreased? Increase What is the amount of transaction? Why has Retained Earnings changed? Cash SO Decrease Accounts Receivable O Increase Decrease sa Increase Supplies O sa Decrease O Increase Tools so Decrease Accounts Payable Increase Decrease $ Increase Capital Stock so O Decrease O Increase Retained Earnings sa Choose One Decrease ? Listed below are items that appear in financial statements. Required: Identify the fina atement(s) in which each of the following three items would be found. 1 Note: An item mear in more than one financial statement. Balance Sheet Income Statement Statement of Changes in Retained Earnings Dividends Amount Due to Suppliers Revenues X 5 ? Corporation paid dividends to stockholders. Required: For the transaction above, complete the following: (a) Set the accounts that are affected (there will be at least two). (b) lected accounts increased or decreased? (c) If Recaned Earnings is selected, choose the reason that it has changed. Account Which account is affected? Is the account increased or decreased? O Increased Why has Retained Earnings changed? Cash Decreased Accounts Receivable Increased Decreased Increased Decreased Supplies Prepaid Insurance Increased Decreased Equipment Accounts Payable Increased Decreased Increased Decreased Increased Decreased Capital Stock Increased Retained Earnings Choose One Decreased X ? Transaction: Bull Co. issues $32,080 of capital stock for cash. Required: For the transaction above, complete the following: (a) Select the accounts that are affected (there will be at least two) (b) Are the selected accounts increased or decreased? (e) What is the dollar amount of change in the accounts? (d) If Ret ings is selected, choose the reason that it has changed Account Which accounts are affected? Is the account Increased or decreased? Increase Decrease What is the amount of transaction? Why has Retained Earnings changed? SO Accounts Receivable SO Supplies Tools Increase Decrease Increase Decrease Increase Decrease Increase Decrease Increase Decrease si Accounts Payable Capital Stock Retained Earnings Increase Decrease $0 Choose One Continue Type here to search ORI F2 F3 F4 @ F6 $ 2 % Transaction: Bull Co. issues $32,000 of capital stock for cash. Required: For the transaction above, complete the following: (a) Select the accounts that are affected (there will be at least two). (b) Are the selected accounts increased or decreased? (c) What is the dollar amount of change in the accounts? (d) If Retained is selected, choose the reason that it has changed. Account Which accounts are affected? What is the amount of transaction? Why has Retained Earnings changed? Cash so Accounts Receivable Is the account increased or decreased? Increase Decrease Increase Decrease Increase Decrease Increase Decrease so Supplies Tools SO Accounts Payable SO Capital Stock Increase Decrease Increase Decrease Increase Decrease Retained Earnings SO Choose ne Continue e here to search O RI F2 F4 F5 F6 F7 $ 3 % 5 & 4 6 7 Listed below are items that appear in financial statements. Required: Identify the financial statement(s) in which each of the following three items would be found. Note: An item may appear in more than one financial statement. Balance Sheet Income Statement Statement of Changes in Retained Earnings Dividends Amount Due to Suppliers Revenues D ? Continue ere to search ir E F2 F3 F4 F5 F6 F7 $ 0%
