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Balance sheet and impact on equity. Thank you! Deb Kelley opens a web consulting business called Kelley Consulting and completes the following transactions in March.

Balance sheet and impact on equity. Thank you!

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Deb Kelley opens a web consulting business called Kelley Consulting and completes the following transactions in March. Using the following transactions, record Journal entries, create financial statements, and assess the impact of each transaction on the financial statements Mar. 1 Kelley invested $180,cee cash along with $23,880 in office equipment in the company in exchange for common stock. Mar. 2 The company prepaid $10,000 cash for six months' rent for an office. The company's policy is to record prepaid expenses in balance sheet accounts. Mar. 3 The company made credit purchases of office equipment for $4,882 and office supplies for $2,200. Payment is due within 10 days. Mar. 6 The company completed services for a client and immediately received $5,eee cash. Mar. 9 The company completed a $8,582 project for a client, who must pay within 30 days. Mar. 12 The company paid $6,200 cash to settle the account payable created on March 3. Mar. 19 The company paid $6,888 cash for the premium on a 12-month insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts. Mar. 22 The company received $5,100 cash as partial payment for the work completed on March 9. Mar 25 The company completed work for another client for $4,988 on credit. Mar. 29 The company paid $5,300 cash in dividends. Mar. 30 The company purchased $888 of additional office supplies on credit. Mar. 31 The company paid $788 cash for this month's utility bill. Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on Equity Using the dropdown buttons, select the financial statement elements and account titles to be included on the balance sheet. The account balances will automatically populate. No Account Title Credit Date Mar 01 1 Cash Office equipment Common stock Solo Debit 180,000 23.000 203.000 2 Mar 02 10,000 Prepaid rent Cash 10,000 3 Mar 03 Office equipment Office supplies Accounts payable OS 4.000 2.200 6,200 Mar 06 5.000 Cash Services revenue 5,000 5 Mar 09 8.500 Accounts receivable Services revenue oo 8.500 8 8 Mar 12 6.200 Accounts payable Cash 6.200 7 Mar 19 8.000 Prepaid insurance Cash olo 6,000 8 Mar 22 5.100 Cash Accounts receivable lolo 5.100 9 Mar 25 4,900 Accounts receivable Services revenue olo 4,900 10 Mar 29 5.300 Dividends Cash 5,300 4 Mar 08 ol 5,000 Cash Services revenue 5,000 5 Mar 09 8.500 Accounts receivable Services revenue lolo 8,500 6 Mar 12 6,200 Accounts payable Cash lolo 6.200 7 Mar 19 6.000 Prepaid insurance Cash oo 8,000 8 Mar 22 5.100 Cash Accounts receivable 5.100 9 Mar 25 4.900 Accounts receivable Services revenue olo 4,900 10 Mar 29 5,300 Dividends Cash 5,300 11 Mar 30 Office supplies Accounts payable ol 800 800 12 Mar 31 700 Utilities expense Cash OO 700 General General Income Requirement St Retained Impact on Balance Sheet Journal Trial Balance Ledger Statement Earnings Equity Using the dropdown buttons, select the financial statement elements and account titles to be included on the balance sheet. The account balances will automatically populate. KELLEY CONSULTING Balance Sheet March 31 Assets: Cash 161,900 Accounts receivable 8,300 Prepaid rent 10,000 Prepaid insurance 6,000 Office supplies 3.000 Office equipment 27,000 OOOOOO Total Assets $ 216.200 X Total Liabilities Stockholders' Equity: 3 12.400 12.400 12.400 $ $ 203,000 > 0 0 > 5,000 8.500 0 Transaction Impact on Equity Mar. 1) Kelley invested $180,000 cash along with $23.000 in office equipment in the company in exchange for Increased equity - Stockholder investment common stock. Mar. 2) The company prepaid $10,000 cash for six months' rent for an office. The company's policy is to No change in equity record prepaid expenses in balance sheet accounts. Mar. 3) The company made credit purchases of office equipment for $4,000 and office supplies for $2.200 No change in equity Payment is due within 10 days. Mar. 8) The company completed services for a client and immediately received $5,000 cash. Increased equity - Revenue Mar. 9) The company completed a $8,500 project for a client who must pay within 30 days. Increased equity - Revenue Mar. 12) The company paid $6,200 cash to settle the account payable created on March 3 No change in equity Mar. 19) The company paid $6,000 cash for the premium on a 12-month insurance policy. The company's policy is to No change in equity record prepaid expenses in balance sheet accounts. Mar. 22) The company received $5,100 cash as partial No change in equity payment for the work completed on March 9. Mar. 25) The company completed work for another client for $4,900 on credit. Increased equity - Revenue Mar. 29) The company paid $5,300 cash in dividends. Decreased equity - Dividends Mar. 30) The company purchased $800 of additional office supplies on credit No change in equity Mar. 31) The company paid $700 cash for this month's Decreased equity - Expense utility bill Total impact on equity What is the balance in the total equity as reported on the balance sheet? 0 0 >> 4.900 (5,300) > 0 (700) $ 215.400 X

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