each letter may be used more than once on second problem.

Calculator On May 7, Carpet Barn Company offered to pay $80,390 for land that had a selling price of $90,000. on May 15, Carpet Barn accepted a counteroffer of $84,880. On Ju December 10, Carpet 8arn Company was offered $131,470 for the land by e 5, the land was assessed at a value of $100,000 for property tax purp another company, At what value should the land be recorded in Carpet Barn Company's records? now.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker-assign ge The Accountant Fo X The accountant for X Calculator Match each transaction with its effect on the accounting equation. Each letter may be Clear All Received cash for services provided Decrease assets, decrease stockholders' equity Received utlity bill to be paid next month Decrease assets, decrease liabilities Contribution of land by stockholder No effect Paid part of an amount owed to a creditor Increase liabilities, decrease stockholders' equity Paid cash for the purchase of supplies Increase assets, increase stockholders' equity enow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator-assignment-take&inprogress-false Y What are the threr X Calculator Dave Ryan is the CEO of Ryan's Arcade. At the end of its accounting period, December 31, Ryan's Arcade has assets of $636,730 and liabilities of $232,090. Using the accounting equation, determine the following amounts: a. Stockholders equity as of December 31 of the current year. as of December 31 at the end of the next year, assuming that assets increased by $78,700 and liabilities increased by $18,040 during the year