Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Eilish Company had the following account balances. Accounts Payable $ 922 Accounts Receivable $ 1753 Cash $ 4843 Common Stock $ 1591 Deferred Revenue $

Eilish Company had the following account balances.

Accounts Payable $ 922
Accounts Receivable $ 1753
Cash $ 4843
Common Stock $ 1591
Deferred Revenue $ 1142

Eilish was missing the account balance for retained earnings. What is Eilish's total stockholders' equity?

2)

The following transactions are July activities of Noah’s Tik Tok Service, which creates videos.

Noah paid $502 to plumbers for repairing a broken pipe in the restrooms.

Noah paid $477 for the June electricity bill and received the July bill for $792, which will be paid in August.

Noah paid 206 to employees for work in June.

What are the total change to liabilities that Noah will recognize in July? If increase, leave as a positive number. If decreases, place a -Before the number. For example a decrease of $1,000 would be -1,000.

3)

During its first month of operations, Ava Corporation provided $113575 of services to their customers. Ava’s costs included rent of $14391 and salaries and wages totaling $29705. At the end of the month, the board of directors approved a dividend of $2434. What is the total amount of expenses incurred by Ava Company during the month?

Step by Step Solution

3.30 Rating (150 Votes )

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

Step: 3

blur-text-image

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

Fundamentals of Financial Accounting

Authors: Fred Phillips, Robert Libby, Patricia Libby

6th edition

1259864235, 1259864230, 1260159547, 126015954X, 978-1259864230

More Books

Students also viewed these Accounting questions