Question
Here are 5 simple problems, please show the work/formulas to solve each of them. Thank you. ========================== 2. Eilish Company had the following account balances.
Here are 5 simple problems, please show the work/formulas to solve each of them. Thank you.
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2. Eilish Company had the following account balances.
Accounts Payable $ 679 Accounts Receivable $ 1,955 Cash $ 3,061 Common Stock $ 1,937 Deferred Revenue $ 1,351
Eilish was missing the account balance for retained earnings. What is Eilish's balance in retained earnings?
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4. The following transactions are July activities of Evans Tik Tok Service, which creates videos.
- Evan collected $1,780 from customers for services related to videos created in July.
- Evan billed a customer for $999 for a video made on the last day of July. The bill is to be paid in August.
- On July 1, a customer gave Evan advance payments totaling $3,365 for the four months of work to be done equally staring in July
- Evan received $728 from credit sales made to customers last month (in June).
By what amount did total cash increase during July?
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5. During its first month of operations, Ava Corporation provided $90,460 of services to their customers. Avas costs included rent of $14,945 and salaries and wages totaling $18,665. At the end of the month, the board of directors approved a dividend of $2,212. What is the total amount of expenses incurred by Ava Company during the month?
The following transactions are July activities of Emma's Tik Tok Service, which creates videos. Emma's collected $4,292 from credit customers for services related to videos created in June. Emma's billed a customer for $820 for a video made on the last day of July. The bill is to be paid in August. On July 1, a customer gave Emma's advance payments totaling $2,900 for the five months of work to be done equally staring in July Emma's received $606 from video created for customers in July. What is the revenue Emma will recognize in July? The following transactions are July activities of Noah's Tik Tok Service, which creates videos. a. Noah paid $643 to plumbers for repairing a broken pipe in the restrooms. b. Noah paid $472 for the June electricity bill and received the July bill for $652, which will be paid in August C. Noah paid 341 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. Example a decrease of $1,000 would be -1,000Step by Step Solution
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