Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can you answer to all these questions and explain how to do the questions 2 and 5, please thanks Prove your mastery! Your results will

can you answer to all these questions and explain how to do the questions 2 and 5, please thanks
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Prove your mastery! Your results will report to the gradebook. If you are not ready to submit work for a grade, you can try activities again or attempt the Practice Mastery. Your work will be saved as you work through each part. M Drag the account types to form the expanded accounting equation. Begin the equity section with Contributed Capital + Retained Earnings. Then, identify whether the item increases, or decreases,' equity. Dividends Revenues Expenses Unearned Revenues Accounts Receivable Accounts Payable Cash Liabilities Common stock Assets Enter the missing value to balance the equation. 46000 = 40,000 + 25,000 - 34.000 + 38,000 - 23,000 39,000 = + 25,000 18,000 + 30,000 - 14.000 30,000 = 19,000 + - 14,000 + 3,000 12.000 3 Identify the part of the expanded accounting equation for each account title. Common Stock Land Common Stock Utilities Expense 3 Identify the part of the expanded accounting equation for each account title. Land Common Stock Common Stock Dividends Utilities Expense Expense Revenue Notes Payable Service Revenue Revenue 4 Build a T-account for each account title. Label the DR (debit), CR (credit), NB (normal balance), and "+" or". US BE RI Type here to search Build a T-account for each account title. Label the DR (debit), CR (credit). NB (normal balance), and "+" or "- emove Debit C Normal Balance Prepaid Rent Common Stock Olvidends Credit Debit Credit Debile Utilities Payable Service Revenue Repairs and Maintenance Expense Debit Credit | 3 36" O IT ce Type here to search 5 Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions. Assets Beginning of Year 1000 S1000 End of Year $54,000 25.000 2) What is the equity at the end of the year 1) What is the equity at the beginning of the year? Ending Equity Beginning Equity 4) If net income is $2,800 and dividends are 59.200 how much is common stock 3) If the company issues common stock of $8,400 and pay dividends of $43,700, how much is net income (loss)? Common Stock Net Income (1.055) 6) If the company issues common stock of 543,200 and pay 36 a 5) If the company issues common stock of $19,500 and net income is how much le dividende ind of Year 2) What is the equity at the end of the year? 1) What is the equity at the beginning of the year? Beginning Equity Ending Equity 3) If the company issues common stock of $8,400 and pay dividends of $43,700, how much is net income (loss)? 4) If net income is $2.800 and dividends are 19,200, how much is common stock? Common Stock Net Income (Loss) 6) If the company issues common stock of 543,200 and pay dividends of $2.000, how much is net income (3) 5) If the company issues common stock of $19,500 and net income is $15.900, how much is dividends? Net Income (Loss) Dividends SUBMIT FOR GRADE CS 85 Ad ** B o Type here to search

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Lawyers And The Proceeds Of CrimeThe Facilitation Of Money Laundering And Its Control

Authors: Katie Benson

1st Edition

1138744867, 9781138744868

More Books

Students also viewed these Accounting questions