a Made cash sales of $67,800 (example). b. Purchased $3,650 of additional supplies on account. c. Borrowed $74,600 on long-term notes. d. Purchased $19.000 in additional equipment, paying in cash e. Incurred $36,600 in selling expenses, paying two thirds in cash and owing the rest on account Paid $7,300 in rent for this month, and also paid $7,300 for next month. ines eBook Required: 1. For each of the transactions, complete the following table, indicating the account, amount and direction of the effect (+ for increase and for decrease) of each transaction under the accrual basis, Include revenues and expenses as subcategories of stockholders equity, as shown for the first transaction, which is provided as an example, 2. Determine the company's preliminary net income. Hint Print Complete this question by entering your answers in the tabs below. References Required: Required 2 For each of the transactions, complete the following table, indicating the account, amount, and direction of the effect (+ for increast and for decrease) of each transaction under the accrual basis. Include revenues and expenses as subcategories of stockholders' equity, as shown for the first transaction. which is provided as an example. (Enter any decreases to Assets, Liabilities, and Stockholder's Equity with a minus sign) Assets Transaction Cash Liabilities Stockholders' Equity + Sales Revenue 67,800 67,800 C. d d Complete this question by entering your answers in the tabs below. Required 1 Required 2 For each of the transactions, complete the following table, indicating the account, amount, and direction of the effect (+ for increase and - for decrease) of each transaction under the accrual basis. Include revenues and expenses as subcategories of stockholders' equity, as shown for the first transaction, which is provided as an example. (Enter any decreases to Assets, Liabilities, and Stockholder's Equity with a minus sign.) Transaction Assets Liabilities Stockholders' Equity Cash 67,800 Sales Revenue 67,800 a b. d. d Required 2 > HW 0203A: THE ACCOUNTING 2 a. Mode cash sales of $67,800 (example) b. Purchased $3,650 of additional supplies on account c. Borrowed $74,600 on long term notes. d. Purchased $19,000 in additional equipment, paying in cash. e Incurred $36,600 in selling expenses, paying two-thirds in cash and owing the rest on account. (Paid $7,300 in rent for this month, and also paid $7,300 for next month 25 points Book Required: 1. For each of the transactions, complete the following table, indicating the account, amount and direction of the effect (+ for increase and for decrease) of each transaction under the accrual basis. Include revenues and expenses as subcategories of stockholders' equity, as shown for the first transaction, which is provided as an example. 2. Determine the company's preliminary net income. Hant Print Complete this question by entering your answers in the tabs below. References Required: Required 2 Determine the company's preliminary net income Preliminary Net Income
