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a-h are the transactions and then the a-h on the first part just go with the transactions The following out the financial position of Swth
a-h are the transactions and then the a-h on the first part just go with the transactions
The following out the financial position of Swth Computing, Inc., on September 30, 2018 Click the icon to view the September 30, 2018 francial position) During October 2018. Smith Computing completed these transactions Cick the icon to view the transactions) Read the requirements Requirement 1. Au the affects of the preceding transactions on the accounting equation of Smith Computing, Inc Enter the transactions in the accounting to beginning with transaction Forra s tre d e theme of gulbruction for ansactions onto the amounts into the accounting equation as one transaction Ar ransactions have been bred, calculate the ending balance of each count, total assets and total liabilities and stockholders' equity Use parenthesesora minus sign whe re account. Habe noted in the love the box opty, do not enter a zero Assets Liabilities Stockholders' Equity Accounts Receivable Accounts Payable Common Stack Retained Earings Type of Equity T action - Con supples Eaupmert 2300 Choose from any list of enter any number in the rout fields and then continue to the next question The following amounts summarize the financial position of Smith Computing, Inc., on September 30, 2018: Click the icon to view the September 30, 2018 financial position) During October 2018, Smith Compu (Click the icon to view the trans Read the requirements (b) (c) Bal Total Choose from any list or enter any number in the input fields and then continue to the next question September 30, 2018 financial position Assets Liabilities + hter Accounts + Receivable + 3,550 Stockholders' Equity Common Retained Stock + Earnings 6,400 3,450 Cash 2,300 Accounts Payable 8.100 + Supplies - Equipment- 12,100 Bal Smith Computing, Inc. Income Statement Month Ended October 31, 2018 Revenues: Expenses: Net income (loss) Review the accounting equation completed in Requirement 1. Smith Computing, Inc. Statement of Retained Earnings Month Ended October 31, 2018 Add: Subtotal Less: Balance Sheet October 31, 2018 Assets Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Total assets Transactions a. The company received cash of $4,000 and issued common stock. b. Performed services for a customer and received cash of $6,500. c. Paid $4,400 on accounts payable. d. Purchased supplies on account, $1,100. e. Collected cash from a customer on account, $1,500. Consulted on the design of a computer system and billed the customer for services rendered, $3,900. g. Recorded the following business expenses for the month: (1) paid office rent- $1,200; (2) paid advertising$600. (Record the cash amount as a total and identify and record any other amounts separately.) h. Declared and paid a cash dividend of $3,300. f Step by Step Solution
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