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I need the answer for A , B , and C Weida Surveying, Inc., provides land surveying services. During September is trans included the following.
I need the answer for A , B , and C
Weida Surveying, Inc., provides land surveying services. During September is trans included the following. L03.3. L03 4. L03.5, L03-6, LO3-7. LO3-8 PROBLEM 3.3A Analyzing and Journalizing Transactions Sept. 1 Sept. 3 Sept. 9 Sept. 14 Paid rent for the month of September. $4,400. Billed Fine Line Homes $5.620 for surveying services. The entire amount is due on or before September 28. (Weida uses an account entitled Surveying Revenue when billing clients.) Provided surveying services to Sunset Ridge Developments for $2.830. The entire amount was collected on this date. Placed a newspaper advertisement in the Daily Item to be published in the September 20 issue. The cost of the advertisement was $165. Payment is due in 30 days. Received a check for $5,620 from Fine Line Homes for the amount billed on September 3. Provided surveying services to Thompson Excavating Company for $1.890. Weida collected $400 cash, with the balance due in 30 days. Sent a check to the Daily Item in full payment of the liability incurred on September 14 Declared and paid a $7.000 cash dividend to the company's stockholders. Sept. 25 Sept. 26 Sept. 29 Sept. 30 Chapter 3 The Accounting Cycle: Capturing Economic Events Prot Instructions a. Analyze the effects that each of these transactions will have on the following six componente of the company's financial statements for the month of September. Organize your answara tabular form, using the column headings shown. Use I for increase, D for decrease, and NE for no effect. The September I transaction is provided for you. Income Statement Balance Sheet Transaction Revenue - Expenses = Net Income Assets = Liabilities + Owners' Equity Sept. 1 NE I DD NE b. Prepare a journal entry including explanation) for each of these transactions. c. Three of September's transactions involve cash payments, yet only one of these transact recorded as an expense. Describe three situations in which a cash ptyment would not recognition of an expense. LOS LO PRC 103 2.603-3.L03-4, 5. 103-6, 103 7L03-8, cash payment would not involve In June, current year, Wendy Will vises The TheStep by Step Solution
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