E2-13. four different companies, sierra, tango

c. Paid cash for utilities expense. d. Paid cash for rent expense. e. Paid cash dividends. E2-10 Transactions Obj 1,2, 4 Speedy Delivery Service had the following selected transactions during April: 1. Received cash from issuance of capital stock, $100,000. 2. Paid rent for April, $4,200. 3. Paid advertising expense, $3,000. 4. Received cash for providing delivery services, $27,000. 5. Purchased supplies for cash, $2,500. 6. Billed customers for delivery services on account, $81,200. 7. Paid creditors on account, $8,300. 8. Received cash from customers on account, $25,600. 9. Determined that the cost of supplies on hand was $900; therefore, $1,600 of supplies had been used during the month. 10. Paid dividends, $3,000. Indicate the effect of each transaction on the accounting equation by listing the numbers identifying the transactions, (1) through (10), in a vertical column, and inserting at the right of each number the appropriate letter from the following list: a. Increase in an asset, decrease in another asset. b. Increase in an asset, increase in a liability. c. Increase in an asset, increase in stockholders' equity. d. Decrease in an asset, decrease in a liability. e. Decrease in an asset, decrease in stockholders' equity. Obj 1,2, 4 Marelh are pre- vb. $11,000 E2-13 Net income and stockholders' equity for four Four different companies, Sierra, Tango, Yankee, and Zulu, show the same balance she data at the beginning and end of a year. These data, exclusive of the amount of stockholders equity, are summarized as follows: Total Liabilities Total Assets $175,000 Beginning of the year End of the year $490,000 770,000 294,000 On the basis of the preceding data and the following additional information for the year. determine the net income (or loss) of each company for the year. (Suggestion: First determin the amount of increase or decrease in stockholders' equity during the year.) No additional capital stock was issued, and no dividends were paid. No additional capital stock was issued, but dividends of $55,000 were paid. Capital stock of $75,000 was issued, but no dividends were paid. Capital stock of $75,000 was issued, and dividends of $55,000 were paid. Sierra: Tango: Yankee: Zulu