Help Save & Exit Submit 21 Required information The following information applies to the questions displayed below.) At January 1 (beginning of its fiscal year), Conover, Inc., a financial services consulting firm, reported the following account balances (in thousands, except for par and market value per share): Part 3 of 3 6 points $ Cash Short-term investments Accounts receivable Supplies Prepaid expenses office equipment Accumulated depreciation-office equipment 02:52:41 $ 2,100 Accounts payable 610 Unearned revenue 3,770 Salaries Payable 350 Short-term note payable 4,920 Common stock (S1 par value) 1,730 Additional paid-in capital (280) Retained earnings 410 1,520 1.070 980 250 6,760 2,210 Print *This account has a credit balance representing the portion of the cost of the equipment used in the past. a. Received $9.700 cash for consulting services rendered, b. Issued 50 additional shares of common stock at a market price of $220 per share. c. Purchased $840 of office equipment, paying 25 percent in cash and owing the rest on a short-term note. d. Received $1,090 from clients for consulting services to be performed in the next year. e. Bought $670 of supplies on account. Incurred and paid $2,000 in utilities for the current year. 9. Consulted for clients in the current year for fees totaling $1,820, due from clients in the next year. h. Received $3,180 from clients paying on their accounts. 1. Incurred $6,410 in salaries in the current year, paying $5,500 and owing the rest (to be paid next year). J.Purchased $1,430 in short-term investments and paid $1,000 for insurance coverage beginning in the next fiscal year. Rorolved 110 In Interest revenue parneri in the current var on short-term Investments 25 80 000 000 F 6253A%252F%252Fim.mhedu Some account service available until you sig Quiz 1 Sovet Help Save & Exit Submit *This account has a credit balance representing the portion of the cost of the equipment used in the past. 21 note Part 3 of 3 a. Received $9,700 cash for consulting services rendered. b. Issued 50 additional shares of common stock at a market price of $220 per share. c. Purchased $840 of office equipment, paying 25 percent in cash and owing the rest on a short-term d. Recolved $1.090 from clients for consulting services to be performed in the next year. e. Bought $670 of supplies on account t. Incurred and paid $2,000 in utilities for the current year. 9. Consulted for clients in the current year for fees totaling $1,820, due from clients in the next year. h. Received $3,180 from clients paying on their accounts. Lincurred $6,410 in salaries in the current year, paying $5,500 and owing the rest (to be paid next year). J. Purchased $1.430 in short-term investments and paid $1,000 for insurance coverage beginning in the next fiscal year k. Received $110 in Interest revenue earned in the current year on short-term investments. 6 points 02:52:37 Priit 3. Using the data from the T-accounts, amounts for the following at the end of the current year were (Enter your answers in thousands, not in dollars. Round your final answers to nearest whole dollar.) Revenues Assets Expenses - Liabilities Not income Stockholder's equity Help Save & Exit Submit 21 Required information The following information applies to the questions displayed below.) At January 1 (beginning of its fiscal year), Conover, Inc., a financial services consulting firm, reported the following account balances (in thousands, except for par and market value per share): Part 3 of 3 6 points $ Cash Short-term investments Accounts receivable Supplies Prepaid expenses office equipment Accumulated depreciation-office equipment 02:52:41 $ 2,100 Accounts payable 610 Unearned revenue 3,770 Salaries Payable 350 Short-term note payable 4,920 Common stock (S1 par value) 1,730 Additional paid-in capital (280) Retained earnings 410 1,520 1.070 980 250 6,760 2,210 Print *This account has a credit balance representing the portion of the cost of the equipment used in the past. a. Received $9.700 cash for consulting services rendered, b. Issued 50 additional shares of common stock at a market price of $220 per share. c. Purchased $840 of office equipment, paying 25 percent in cash and owing the rest on a short-term note. d. Received $1,090 from clients for consulting services to be performed in the next year. e. Bought $670 of supplies on account. Incurred and paid $2,000 in utilities for the current year. 9. Consulted for clients in the current year for fees totaling $1,820, due from clients in the next year. h. Received $3,180 from clients paying on their accounts. 1. Incurred $6,410 in salaries in the current year, paying $5,500 and owing the rest (to be paid next year). J.Purchased $1,430 in short-term investments and paid $1,000 for insurance coverage beginning in the next fiscal year. Rorolved 110 In Interest revenue parneri in the current var on short-term Investments 25 80 000 000 F 6253A%252F%252Fim.mhedu Some account service available until you sig Quiz 1 Sovet Help Save & Exit Submit *This account has a credit balance representing the portion of the cost of the equipment used in the past. 21 note Part 3 of 3 a. Received $9,700 cash for consulting services rendered. b. Issued 50 additional shares of common stock at a market price of $220 per share. c. Purchased $840 of office equipment, paying 25 percent in cash and owing the rest on a short-term d. Recolved $1.090 from clients for consulting services to be performed in the next year. e. Bought $670 of supplies on account t. Incurred and paid $2,000 in utilities for the current year. 9. Consulted for clients in the current year for fees totaling $1,820, due from clients in the next year. h. Received $3,180 from clients paying on their accounts. Lincurred $6,410 in salaries in the current year, paying $5,500 and owing the rest (to be paid next year). J. Purchased $1.430 in short-term investments and paid $1,000 for insurance coverage beginning in the next fiscal year k. Received $110 in Interest revenue earned in the current year on short-term investments. 6 points 02:52:37 Priit 3. Using the data from the T-accounts, amounts for the following at the end of the current year were (Enter your answers in thousands, not in dollars. Round your final answers to nearest whole dollar.) Revenues Assets Expenses - Liabilities Not income Stockholder's equity