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EZ Curb Company completed the following transactions. The annual accounting period ends December 31. an. Purchased merchandise on account at a cost of $21,ea. (assume
EZ Curb Company completed the following transactions. The annual accounting period ends December 31. an. Purchased merchandise on account at a cost of $21,ea. (assume a perpetual inventory system an. 17 Paid for the January 8 purchase Apr. 1 Received 51,200 from National 8ank after signing a 12-month, 13.0 percent, pronissory note une 3 Purchased merchandise on account at a cost of $25,000 uly 5 Paid for the June 3 purchase. uly 31 Rented out a small office in a building ouned by E2 Curb Company and collected six months' rent in advance, amounting to $10,200 (Use an account called Dec. 20 collected $240 cash on account from a custoner Dec. 31 Determined that wages of $9,300 were earned but not yet paid on December 31 (Ignore payroll taxes) Dec 31 Adjusted the accounts at year-end, relating to interest Dec. 31 Adjusted the accounts at year-end, relating to rent Required: 1. For each listed transaction and related adjusting entry, indicate the accounts, amounts, and effects on the accounting equation. 2. For each transaction andl related adjusting entry, indicate whether the debt-to-assets ratio is increased or decreased or there is no change. (Assume EZ Curb Company's debt-to-assets ratio has always been less than 1.0) Complete this question by entering your answers in the tabs below Required 1 Required 2 For each listed transaction and related adjusting entry, indicate the accounts, amounts, and effects on the accounting equation. (Do not round intermediate calculations. Enter any decreases to assets, liabilities, or stockholders equity with a minus sign. Enter your answers in transaction order provided in the problem statement.) Date Assets lities Stockholders' Equity Jan. 8 Jan. 17 Apr. 1 June 3 July 5 July 31 Dec, 20 Dec, 31 Dec. 31 Dec, 31
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