Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

E3.9 (Algo) Analyzing the Effects of Transections in T-Accounts LO3-3, 3.4 Staceys Pano Rebulling Company has been operating for one year, At the start of

image text in transcribed
image text in transcribed
image text in transcribed
E3.9 (Algo) Analyzing the Effects of Transections in T-Accounts LO3-3, 3.4 Staceys Pano Rebulling Company has been operating for one year, At the start of the second yeat, its income statement accounts had zero balances and its balance sheet account balances wore as foliows a. Rebult and dellvered five planos in Januay to customers who pald $18,400 in cash b. Recesved a $510 depost from a customer who wanted her plano sebulit. c. Ronted a part of the bulliding to a bicyclo repair shop: received $900 for rent in January d. Recelved $7,300 from customers as payment on their occounts. e. Recelved an electric and gas utily bit for $430 to be pold in Februacy. 1 Ordered 5950 in supples. g. Paid $1,240 on account in Jarnuary. 140 shares of $1 par value stock. 1 Pad 514.800 in wages to employees who worked in January. 1 Deciared and puta a $2,00 dividend (reduce Pertained Eamings and Cash). R. Recelved and paid cosh for the supplies in 10 . Required: reterence: 3. Uaing the data from the T-accounts, amounts for the following at the end of January of the second yeur wer. Complete this question by enterno vour anwwrs in the tabs below. \begin{tabular}{|c|c|c|} \hline & csen & \\ \hline \multicolumn{2}{|l|}{ Debit } & Credit \\ \hline Beginning Balunce & & \\ \hline & 550 & 8 \\ \hline & & \\ \hline & & \\ \hline & & 37 \\ \hline & & \\ \hline & & 8 \\ \hline Eriding Balance & 550 & \begin{tabular}{l|l} 103 \\ \end{tabular} \\ \hline \end{tabular} Equipmant \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Accountn Payolit } \\ \hline Desil & & Cred & ant \\ \hline Begnniry Balance & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending Balance & & of & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Uneamed Rovenui } \\ \hline Det & & CT: & \\ \hline Begining Balance. & 8 & & \\ \hline & Z & & \\ \hline & r & & \\ \hline Eniding Balance & & & \\ \hline \end{tabular} E3.9 (Algo) Analyzing the Effects of Transections in T-Accounts LO3-3, 3.4 Staceys Pano Rebulling Company has been operating for one year, At the start of the second yeat, its income statement accounts had zero balances and its balance sheet account balances wore as foliows a. Rebult and dellvered five planos in Januay to customers who pald $18,400 in cash b. Recesved a $510 depost from a customer who wanted her plano sebulit. c. Ronted a part of the bulliding to a bicyclo repair shop: received $900 for rent in January d. Recelved $7,300 from customers as payment on their occounts. e. Recelved an electric and gas utily bit for $430 to be pold in Februacy. 1 Ordered 5950 in supples. g. Paid $1,240 on account in Jarnuary. 140 shares of $1 par value stock. 1 Pad 514.800 in wages to employees who worked in January. 1 Deciared and puta a $2,00 dividend (reduce Pertained Eamings and Cash). R. Recelved and paid cosh for the supplies in 10 . Required: reterence: 3. Uaing the data from the T-accounts, amounts for the following at the end of January of the second yeur wer. Complete this question by enterno vour anwwrs in the tabs below. \begin{tabular}{|c|c|c|} \hline & csen & \\ \hline \multicolumn{2}{|l|}{ Debit } & Credit \\ \hline Beginning Balunce & & \\ \hline & 550 & 8 \\ \hline & & \\ \hline & & \\ \hline & & 37 \\ \hline & & \\ \hline & & 8 \\ \hline Eriding Balance & 550 & \begin{tabular}{l|l} 103 \\ \end{tabular} \\ \hline \end{tabular} Equipmant \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Accountn Payolit } \\ \hline Desil & & Cred & ant \\ \hline Begnniry Balance & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending Balance & & of & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Uneamed Rovenui } \\ \hline Det & & CT: & \\ \hline Begining Balance. & 8 & & \\ \hline & Z & & \\ \hline & r & & \\ \hline Eniding Balance & & & \\ \hline \end{tabular}

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

Financial Accounting Working Papers Tools For Business Decision Making

Authors: Paul D. Kimmel ,Jerry J. Weygandt ,Donald E. Kieso

6th Edition

0470887931, 978-0470887936

More Books

Students also viewed these Accounting questions

Question

How does J&J's Credo help guide employee behavior around the world?

Answered: 1 week ago