Accounting (1-6)

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1

Evaluate each of the following transactions in terms of their e'ect on assets, liabilities, and equity. 1. Reoeive payment of $12.12ICIG owed by a customer 2. Borrow $553043 from a bank What is the net change in Total Liabilities a Equity? EETatal Assets are $3300 and Total Equity.r is $2,500 then what is the value of Total ljabilitiee? \fUse the starting balance sheet and the list of changes to create an updated balance sheet and to answer the question. Hilton Technologyr Bdance Sheet Rs of Muller 3]., 2016 [munts 'll lntmnth] Total Assets Total Liabilities a Equity Between January 1 and March 31, 2012: 1. Cash increases by $500,000 2. Other Assets increase by $300,000 3. Liabilities decrease by $200,000 Iii'ii'llat is lite 1liralue: for Equity' on March 31llr 201?? Evaluate each of the following transactions in terms of meir e'ect on assets, liabilities, and equity. 1. Receive payment of $12. owed by a customer 2. Purchase equipment for $45,0D in cash 3. Issue $853043 in stock 4. Borrow $5?.EICIJ from a bank What is the net change in Total Liabilities a Equity? Evaluate each of the following transactions in terms of their effect on assets, liabilities, and equity. . Bur,r $15300 worth of manufacturing supplies on credit . Issue 9955,1301: in stock . Borrow $511301: from a bank . Pay,r $5.0m) owecl to a supplier . Receive payment of $12, owed by a customer . Purchase equipment for $44,000 in cash . Pay,r $10130 owecl to a supplier HU'IU'I-l'I-L'JMl-l' What is the net change in Total Liabilities