Help with first homework with formulas thank you!

5 pages full pages just incase you dont see them thanks for the help

37 Chapter 1 Accounting in Business An organization undertakes various activities in pursuit of business success. Identify an organization's Problem 1-14A" three major business activities, and describe cach activity, Describing business activities C5 transactions on financial Identify how each of the following separate transactions / through 10 affects financial statements For PROBLEM SET B increases, place a "+" and the dollar amount in the column or columns. For decreases, place a "-" and the dollar amount in the column or columns. Some cells may contain both an increase (+) and a decrease (-) Problem 1-1B along with dollar amounts. The first transaction is completed as an example, Identifying effects of Required statements a. For the balance sheet, Identify how each transaction affects total assets, total liabilities, and total cq- A1 P1 uity. For the income statement, identify how each transaction affects net income. b. For the statement of cash flows, identify how cach transaction affects cash flows from operating ac tivities, cash flows from investing activities, and cash flows from financing activities 000 and Income Statement Balance Sheet Statement of Cash Flowers yaetais . Total Asta Total Liab Total Equity Net Income Operating Activities Investing Activities Financing Activities 1 +300 +100 +800 turn on 2 3 4 Transaction Owners $800 cash in business exchange for stock Purchases $100 of supplies on credit Buysen for $400 cash Provides services for $300 Pays $400 cash for incurred Bus 5200 feet of credit Pays $300 cash for watcuned Pays chin vidends Provide servicios edit Colec 1600 cash on see 5 5 7 . 9 10 The following financial statement information is from five separate companies Company Company Company Company Commy 2 Problem 1-28 Computing missing Information using Accounting knowledge A1 P1 $144,000 December 11, 2018 A WL December 11, 2018 554000 25.000 5 80.000 60 000 5141,500 68.500 597,500 51.500 59.000 38,000 100.000 1 116.500 65.000 7 42.000 170.000 42.000 LOL | 0 v 2015 Stock can Cath 5,000 2 5.500 20,000 40.000 2,000 18.500 0 48,500 24,000 20.000 60,000 32.000 8,000 m. Cuci Required 1. Answer the following questions about Company V .. What is the amount of equity on December 31, 2018? 6. What is the amount of equity on December 31, 2019 e What is the net income or loss for the year 20197 Check 23.000 popul 201522.000 2. Answer the following questions about Company W. a. What is the amount of equity on December 31, 2018? b. What is the amount of equity on December 31, 2019? c. What is the amount of liabilities on December 31, 20197 3. Compute the amount of stock issuances for Company X during 2019. 4. Compute the amount of assets for Company Y on December 31, 2019. 5. Compute the amount of liabilities for Company Z on December 31, 2018 1015135.100 As of December 31, 2019, Audi Company's financial records show the following items and amounts Problem 1-38 Preparing an income statement P2 52.000 51.300 2.500 6,600 Cash Accounts receivable Supples Equipment. Accounts payable Common stock Retained earning. Dec 31, 2018 1.200 1,000 3.600 1,100 900 Retained earnings. Dec. 31, 2019, Dividends Consulting revenue Rental revertue Salaries expense Rent expense Selling and administrative expenses 4000 2.400 1.800 Check No come $3.000 Required Prepare the 2019 year-end income statement for Audi Company Problem 1-48 Preparing a statement of retained earnings P2 Use the information in Problem 1-3B to prepare a year-end statement of retained earnings for And Company. Use the information in Problem 1-3B to prepare a year end balance sheet for Audi Company Problem 1-58 Preparing a balance Sheet P2 Selected financial information of Banji Company for the year ended December 31, 2019. follows Problem 1-60 Preparing a statement of cash flows P2 $1,600 Cash homing acties Not increase in casa Cash from franding av 400 Cash used by operating activities Cash, December 31, 2018 $3.000 1,300 1.800 Problem 1-78 Analyting transactions and preparing frandal tements P1 P2 Required Prepare the 2019 year-end statement of cash flows for Banji Company Nina Niko launched a new business, Niko's Maintenance Co., that began operations on June 1. The lo lowing transactions were completed by the company during that first month. June 1 Nina Niko invested $130,000 cash in the company in exchange for its common stock 2 The company rented a furnished office and paid $6,000 cash for June's rent. 4 The company purchased $2.400 of equipment on credit. 6 The company paid $1,150 cash for this month's advertising of the opening of the business 8 The company completed maintenance services for a customer and immediately collected $850 cash 14 The company completed $7.500 of maintenance services for City Center on credit 16 The company paid 5800 cash for an assistant's salary for the first half of the month 20 The company received $7.500 cash payment for services completed for City Center on June 14 The company completed 57.900 of maintenance services for Paula's Beauty Shop on credit 25 The company received $7.900 cash payment from Paula's Beauty Shop for the work complet on June 21 26 The company made payment of $2.400 cash for equipment parchased on June 4. 28 The company paid $800 cash for an assistant's salary for the second half of this month 29 The company paid $4.000 cash in dividends to the owner (sole shareholder) 30 The company pold S150 cash for this month's telephone bill 39 The company paid $890 cash for this month's utilities 21 + + Assets Lab Equity Date Cash Accounts Equipment Accounts Common Dividends Devenues Expenses Rectivable Payable Stock Enter the effects of each transaction on the accounts of the accounting equation by recording dollar Check Ending balonce increases and decreases in the appropriate columns. Do not determine new account balances after each C. $130.000 Events transaction. Determine the final total for each account and verify that the equation is in balance. $9.790 2. Prepare the income statement and the statement of retained earnings for the month of June, and the 7)Not income $7.175. Tot balance sheet as of June 30. Os $133.135 3. Prepare the statement of cash flows for the month of June. Neva Nadal started a new business, Nadal Computing, and completed the following transactions during its Problem 1-BB first year of operations. Analyzing effects of a. Neva Nadal invested $90,000 cash and office equipment valued at $10,000 in the company in transactions exchange for its common stock. A1 P1 b. The company purchased an office suite for $50.000 cash. c. The company purchased office equipment for $25,000 cash. d. The company purchased $1.200 of office supplies and 51.700 of office equipment on credit. e. The company paid a local newspaper $750 cash for printing an announcement of the office's opening. 1. The company completed a financial plan for a client and billed that client $2,800 for the service. 9. The company designed a financial plan for another client and immediately collected a $4,000 cash fee. h. The company paid $11.500 cash in dividends to the owner (sole shareholder). 1. The company received $1.800 cash from the client described in transaction The company made a payment of $700 cash on the equipment purchased in transaction d. k. The company paid $2,500 cash for the office secretary's wages. Check Ending balance Can $5,290. Deses Required $3250, Accounts Payot 52.300 1. Create the following table similar to the one in Exhibit 1.9. Labtes + Equity Accounts Orice Office Accounts Corsan Dividends Revents Expenses Supples Receivable Payable Stock Cash + + + Office Suite Ninco 52550 Problem 1-98 Analyzing transactions and preparing financial statements C4 P1 P2 T Use additions and subtractions within the table to show the dollar effects of each transaction on indi- vidual items of the accounting equation. Show new balances after each transaction. 2. Determine the company's net income. Rivera Roofing Company, owned by Reyna Rivera, began operations in July and completed these transac- tions during that first month of operations, July ! Reyna Rivera invested $80,000 cash in the company in exchange for its common stock. ? The company rented office space and paid $700 cash for the July rent. 3 The company purchased roofing equipment for 55.000 by paying $1,000 cash and agreeing to pay the $4.000 balance in 30 days 6 The company purchased office supplies for $600 cash. 8 The company completed work for a customer and immediately collected 57.600 cash for the work 18 The company purchased $2.300 of office equipment on credit 15 The company completed work for a customer on credit in the amount of $8.200 17 The company purchased $3.100 of office supplies on credit. The company paid $2.300 cash for the office equipment purchased on July 10, 29 The company billed a customer $5,000 for work completed the balance is due in 30 days. 30 The company puid an assistant's salary of S1,560 cash for this month, The company paid $295 cash for this month's utility bill. The company paid $1,800 cash in dividends to the owner (sole shareholder) 31 Required 1. Create the following the similar to the one in Exhibit 19. . Spes Dute- 0 Route Accoud.com Dides Rochie SC Caro Use additions and subtractions within the table to show the dollar effects of each transaction on in SA vidual items of the accounting equation. Show new balances after cach transaction 2. Prepare the income statement and the statement of retained carnings for the month of July, and balance sheet as of July 31 2. Prepare the statement of cash flows for the month of July A Coronet 4. Assume that the 55.000 purchase of roofing equipment on July 3 was financed from an owne investment of another 55.000 cash in the business in exchange for more common stock instead of die purchase conditions described in the transaction above). Compute the dollar effect of this change on the month-end amounts for (a) total assets, (b) total liabilities, and (c) total equity am 1-100 SKI-Doo Company manufactures, markets, and sells snowmobiles and snowmobile equipment and acces peme sories. The average total assets for Ski Doo is $3.000.000. In its most recent year. Ski-Doo reported net andre income of $201.000 on revenues of $1,400,000 Required 1. What is Ski-Doo Company's return on assets? 2. Does return on assets seem satisfactory for Ski-Doo given that its competitors average a 9.5% return assets DO 3. What are the total expenses for Sid Doo Company in its most recent year? 0.000 4. What is the average total amount of liabilities plus equity for Ski-Doo Company? Problem 1-118 AT&T and Verizon produce and market telecommunications products and are competitors. Key financial Computing and interpreting figures for these businesses for a recent year follow. et on assets Key Figures 12 ATGT Verin Sales 5126.723 $110.875 Netice 4.184 10.198 259.868 225,233 Required 1. Compute return on assets for (a) AT&T and (b) Verizon 2. Which company is more successful in the total amount of sales to consumers? 3. Which company is more successful in returning net income from its assets invested? Analysis Component 4. Write a one-paragraph memorandum explaining which company you would invest your money in and why. (Limit your explanation to the information provided.) oblem 1-128 lying ask and return biem 1-138 bing business All business decisions involve aspects of risk and return. Rank order the following investment activitie- from through 4, where "1" reflects the highest expected return and "4" the lowest expected return a. Low-risk corporate bond c. Money stored in a fireproof vault b. Stock of a successful company d. US Treasury bond A start-up company often engages in the following activities during its first year of operations. Classif cach of the following activities into one of the three major activities of an organization F. Financing 1. Investing o. Operating 1. Providing chent services 5. Supervising workers 2. Obtaining a bank loan 6. Shareholders investing in business 3. Purchasing machinery 7. Renting office space 4. Research for its products 8. Paying utilities expenses Serial Problem starts here and continues throughout the text SP 1 On October 1, 2019, Santana Rey launched a computer services company, Business Solutions, that SERI is organized as a corporation and provides consulting services, computer system installations, and custom Busine C4 F program development. Required Create a table like the one in Exhibit 1.9 using the following headings for columns: Cash; Accounts Receivable; Computer Supplies; Computer System; Office Equipment, Accounts Payable; Common Stock; Dividends; Revenues; and Expenses. Then use additions and subtractions within the table to show the dollar effects for each of the following October transactions for Business Solutions on the individual items of the accounting equation. Show new balances after each transaction. Oct. 1 S. Rey invested $45,000 cash, a $20,000 computer system, and $8,000 of office equipment in the company in exchange for its common stock. 3 The company purchased $1,420 of computer supplies on credit from Harris Office Products. 6 The company billed Easy Leasing $4,800 for services performed in installing a new web server. 8 The company paid $1,420 cash for the computer supplies purchased from Harris Office Prod- ucts on October 3. 10 The company hired Lyn Addie as a part-time assistant for $125 per day, as needed. 12 The company billed Easy Leasing another $1,400 for services performed. 15 The company received $4.800 cash from Easy Leasing as partial payment toward its account. 17 The company paid $805 cash to repair computer equipment damaged when moving it. 20 The company paid $1,728 cash for advertisements published in the local newspaper. 22 The company received $1,400 cash from Easy Leasing toward its account. 28 The company billed IFM Company $5,208 for services performed. 31 The company paid $875 cash for Lyn Addie's wages for seven days of work this month. 31 The company paid $3,600 cash in dividends to the owner (sole shareholder). Alex Che Cos $11 Accounting professionals apply many technology tools to aid them in their everyday tasks and decision making. The General Ledger tool in Connect automates several of the procedural steps in the accounting GL cycle so the accounting professional can focus on the impacts of each transaction on the full set of finan- cial statements. Chapter 2 is the first chapter to use this tool in helping students see the advantages of technology and, in particular, the power of the General Ledger tool in accounting practice, including financial analysis and "what-if" scenarios. Accounting Analysis (AA) is a section aimed to refine company analysis, comparat global analysis skills; Accounting Analysis assignments are available in Connect