1. Chip Company recorded journal entries for the declaration of $312 of dividends, the $4,757 increase in accounts receivable for services rendered, and the purchase of equipment for $1,888. What net effect do these entries have on owners equity?

Round your answer to the nearest whole dollar. Don't use dollar signs when entering your answer.

2. Loblolly Corporation received cash of $5,186 on the last day of the 8th month of 2020 for one years rent in advance and recorded the transaction with a credit to Unearned Rent Revenue. The December 31, 2020 adjusting entry impacts stockholder's equity by how much?

Round your answer to the nearest whole dollar. Don't use dollar signs when entering your answer.

3. At January 1, 2020 Unearned Revenue had a beginning balance of 8,285. All of that beginning balance of unearned revenue was earned in 2020. Pappy Corporation received cash of $10,618 on the last day of the 10th month of 2020 for two years rent in advance and recorded the transaction with a credit to Unearned Rent Revenue. What are the total amount of debit entries to the Unearned Revenue account in 2020 including any adjusting entries that would be made to the account?

Round your answer to the nearest whole dollar. Don't use dollar signs when entering your answer.

4.

Storm Corporation had revenues of $103,550, expenses of $50,155, and dividends of $5,931. Beginning Retained Earnings is $23,990. What is the ending balance of Retained Earnings?