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Bentley Inc. began operations on April 1, 2014. The transactions for the first month follow. a a. Bentley Inc. issued shares to shareholders for $100,000.
Bentley Inc. began operations on April 1, 2014. The transactions for the first month follow. a a. Bentley Inc. issued shares to shareholders for $100,000. b. Bentley Inc. rented machinery to a customer on credit; $800. c. A client rented equipment for $5,500 cash. d. Bentley Inc. paid $800 for supplies purchased today. e. Bentley Inc. provided $2,250 of consulting services for a customer who will pay within 30 days. f. Bentley Inc. used $100 cash and $500 credit to purchase $600 of supplies. g. Bentley Inc. paid $100 for supplies purchased today. h. Bentley Inc. paid this month's $150 utilities bill received today. i. Bentley Inc. received $800 towards payment for the services provided in transaction (b). j. Bentley Inc. paid dividends of $2,400 to the shareholders. Fill out the following table, according to the transactions above. Select the headings for each column by clicking on t whether it was caused by issuance of share capital investment), a revenue, an expense or payment of dividends. I sign is required for totals). In addition to this, prepare an income statement, a statement of changes in equity and a balance sheet for the month a) Complete the following accounting equation table: Assets Liabilities Equity Explanation + Share Capital +Retained Earnings (a) (b) + + + Bentley Inc. began operations on April 1, 2014. The transactions for the first month follow. a a. Bentley Inc. issued shares to shareholders for $100,000. b. Bentley Inc. rented machinery to a customer on credit; $800. c. A client rented equipment for $5,500 cash. d. Bentley Inc. paid $800 for supplies purchased today. e. Bentley Inc. provided $2,250 of consulting services for a customer who will pay within 30 days. f. Bentley Inc. used $100 cash and $500 credit to purchase $600 of supplies. g. Bentley Inc. paid $100 for supplies purchased today. h. Bentley Inc. paid this month's $150 utilities bill received today. i. Bentley Inc. received $800 towards payment for the services provided in transaction (b). j. Bentley Inc. paid dividends of $2,400 to the shareholders. Fill out the following table, according to the transactions above. Select the headings for each column by clicking on t whether it was caused by issuance of share capital investment), a revenue, an expense or payment of dividends. I sign is required for totals). In addition to this, prepare an income statement, a statement of changes in equity and a balance sheet for the month a) Complete the following accounting equation table: Assets Liabilities Equity Explanation + Share Capital +Retained Earnings (a) (b) + + +
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