E1-21A (similar to) Question Help Selected accounts of Alkman Consulting, Inc a financial services business, have the following balances at December 31, 2018, the end of its first year of operations During the year Lorraine Aikman the only stockholder bought $24 000 of stock in the business Click the icon to view the selected accounts Read the requirements Requirement 1. Identify each amount shown as an asset hability revenue, or expense Office furniture Utilities exponse Accounts payable Note payable Service revenue Accounts receivable Supplies expense Question Help Sheila Lynch opened a medical practice titled Sheila Lynch MD Inc Duning August, the first month of operations, the business experienced the following events (Click the icon to view the events Read the requirement Inco Calculate the updated balances for all the accounts after entering each transaction of a box is not used in the transaction leave the box emply do not enter a zero in event does not affect the accounts of the business, leave the entire transaction line blank Carty down all balances, including zoro balance accounts Enter der with u minus sign or parentheses) August 2. Lynch bought $100,000 of common stock in the business by opening a bank account in the name of Sheil Lynch MD. Inc Assets Liabilities Stockholders equity Cash Med sup Land AP CS Retained earnings Servnov Rent exp ULOX + 2) Bal Question Help Jordan Ames worked as an accountant at a local accounting firm for five years after graduating from college. She recently opened her own accounting pradice, which she operates as a corporation. The name of the new entity is Ames and Associates, Inc Jordan experienced the following events during the first month of operations Some of the events were personal and did not affect the accounting practice. Others were business transactions and should be accounted for by the business (Click the icon to view the events ) Read the requirements Incor Requirement 1. Enter each transaction in the expanded accounting equation of Ames and Associates, Inc, as needed, calculating new balance after each framsaction of a box is not used in the transaction, leave the box omply, do not enter a zero. If an event does not affect the accounts of the business leave the the transaction in blank Carty down all balances including zeto balance accounts Enter decreases with a minus sign or parentheses. Note the following a breviations used in the accounting equation tables AR Accounts receivable AP Accounts payable, and CS Common stock.) Jun 3 Received $30,000 cash proceeds from refinancing her house Assets = Liabilities Stockholders' equity Cash AR Supplies Furniture AP CS Retained earnings Revenue Expense Dividends + 3) Bal Domeny started in Nieders by Denon 2016 The was the interessen 14, 2018 erst two weeks of a m. Dungeon dowca Head to Requirement. The romantismo e accorgerecht wie Abbreviatos Acos recente MEGELLO cod 10.000 gandito contes A ONUN AR Sp See Red ther Ep DW 1. 0.010 D 13 4000- 210 3. ep M Homework: Chapter 1 Homework Problems S Score: 0 of 3 pts 1 of 4 (0 complete) HW Score: 0%, 0 of 2C E1-21A (similar to) Question Help Selected accounts of Alkman Consulting, Inc a financial services business, have the following balances at December 31, 2018, the end of its first year of operations During the year Lorraine Aikman the only stockholder, bought $24.000 of stock in the business (Click the icon to view the selected accounts) Read the requirements Requirement 1. Identify each amount shown as an asset, liability, revenue, or expense Office furniture Data Table Utilities expenso Accounts payable Note payable Service revenue Accounts receivable Supplies expense $ Office furnituro Utilities expense Accounts payable Note payable Service revenue Accounts receivable Supplies expense $ 22,000 Rent expense 14.200 Cash 9,500 Office Supplies 18.000 Salaries expense 141,500 Salaries payable 11 500 Property tax expenso 4,100 Equipment 40.000 5.400 1100 36.000 2.000 2600 30.000 Print Done Choose from any drop-down list and then click Check Answer Check Answer Clear A Question Help Sheila Lynch opened a medical practice titled Sheila Lynch MD Inc During August the first month of operations, the business experienced the following events Click the icon to view the events) Read to con Calculate the updated balances for all the accounts after entering each transaction (if a box is not used in the transaction, leave the box empty, do not enter a 2000. It an event does not affect the accounts of the business leave the entire transaction line blank Carry down all balances, including zero balance accounts Enter decreases with a minus sign or parentheses.) August 2 Lynch bought $100.000 of common stock in the business by opening a bank account in the name of Shella Lynch MD Inc Liabilities Stockholders' equity Cash Land cs Retained earnings Serv rev Assets - Med sup AP + + Rent exp USE ON 2) Bal Requirement 1. Analyze the effects of these events on the accounting equation of the medical practice of Sheila Lynch MD Inc Use headings for Cash Medical supplies (Med sup), Land, Accounts payable (AP). Common stock (CS) Service revenue (Serv rev), Rent expense (Ront exp) and Utility expense (til exp) Question Help Jordan Ames worked as an accountant at a local accounting firm fox live years after graduating from college. She recently opened her own accounting practice which she operates as a corporation The name of the new entity is Ames and Associates, Inc Jordan exponenced the following events during the first month of operations Some of the events were personal and did not affect the accounting practice. Others were business transactions and should be accounted for by the business (Click the icon to view the events Read the Requirement 1. Enter each transaction in the expanded accounting equation of Anies and Associates, Inc. is needed, calculating new balance after each transaction of a box is not used in the transaction leave the box omply do not enter a zero if an event does not affect the accounts of the business leave the entire transaction line blank Carry down and balances including zoro balance accounts Enter decreases with a minus signor parentheses to the following itons uned in the accounting equation tables AR E Accounts receivable AP Accounts payable and Common stock) Jun 3 Received 530,000 cash proceeds from retinendng her house Assets Liabilities Stockholders' equity Cash AR Supplies Furniture AP CS Retained earnings Revenue Expense Dividends - 3) . Bal ULT Doreen Garty stand an interior design company called interiors by Doreen Inc, on Apr 1. 2018 The following amounts summarize the financial position of herbs on April 14, 2018, the first two weeks of operations mm Click the icon to view the amounts During to remainder of Aprilthe following events occured (Click the icon to view the transactions Read the form Requirement 1. Enter the remaining transactions for the month of April into the expanded accounting equation calculating new balance atherochronation of sewe box emply do not for a 700 Carry down wil balance including zero be consEntor decreases with a minus sonores Abre ed Account coup Supplies AP Accounts payable Cs Common stock for Raven Exp Exponse Dans Garry received $15.000 as aandused to buy common stock in the As Stockholy Cath AR Sie que AP CS Rated woman Rey EXO ON 1 610 3.700 0 33.000 4.600 - 27.00 7100 1210 + + 0 - Bal X Data Table + Stockholders'equity Assets Accounts receivable Supplies - Equipment Liabilities Accounts payable Common Stock + Retained earnings Enter ad Cash Service Dividende Art 0 30 16 5 7100 4600 - $ 27.80 + $ 33,000 3700