Nancy Jackson started her own consulting firm, Jackson Consulting Inc. on May 1 2022. The following transactions occurred during the month of May. May 1 2 3 Stockholders invested 515 300 cash in the business in exchange for common stock Paid $612 for office rent for the month Purchased $510 of supplies on accoun Paid $153 to advertise for the month in the County News Performed services for customer for $1.428 cash. 5 9 12 Paid $204 cash dividend 15 Performed $4,284 of services on account 15 17 20 23 Performed $4,284 of services on account. Paid $2,550 for employee salaries, Paid for the supplies purchased on account on May 3. Received a cash payment of $1,224 for services performed on account on May 15. Borrowed $5,100 from the bank on a note payable. Purchased office equipment for $2.040 paying $204 in cash and the balance on account. Paid $188 for utilities. 26 29 30 Show the effects of the above transactions on the accounting equation using the following format. Assume the note payable is to be repaid within the year. Include margin explanations for any changes in revenues or expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity Retained Earnings Revenues Expenses Dividends Question 5 of 6 -/5 = Date Cash Accounts Receivable Supplies E May 1 $ May 2 May 3 May 5 I May 9 May 12 May 15 !! May 15 May 17 May 20 May 23 I I May 26 May 29 May 30 $ s Equipment Commo Notes Payable Accounts Payable Retained Earnings Common Stock Revenues Expenses Dividends $ Player Ul Apr X % 23 Hoenework - MATH 1130.00 * Grades - PRINCIPLES OF ACCOU X y.com/waslui/v2/assessment-player/index.html?launchid=fa067a7a-dc93-436-bccc-163548d16038/question/4 & Mais CNM Online Camp Brytoware Reader Concepts of Biolog ALEKS - Alec K 5 of 6 -/5 Retained Earnings venues Expenses Dividends Rent Expense Uits Expense Dividends Advertising Expo Salaries and Wages Expense Service Revenue po 55F O E BL 10:26 PM 10/1/2021 DELL ! > Dividends Rent Expense Salaries and Wages Expense Utilities Expense Service Revenue Advertising Expense > Grades - PRINCIPLES OF ACCOU X 2/assessment-player/index.html?launchid=f8067a7a-d493-436-bac-83e548d1f038/question/4 CNM Online Camp Brytewave e leader Concepts of Biolog A ALEXS - Alexis luce Reading -75 Rent Expense Service Revenue Utilities Expense Salaries and was Expense dvertising Expense Dividends 55F Q 1027 PM 19/1/2021 II D DELL SCONTOU ent-player/index.html?launchid=fa067a7a-de93-436-becc-a83e548d11038/question/4 e Camp. Brytewave eReader = Concepts of Biolog - A ALEKS. Alexis Luce Reading list -/5 E Dividends Rent Expense Salaries and Wages Expense Service Revenue Advertising Expense Utilities Expense 1027 PM 10/1/2021 O 55F OBS DOLL 3-436-b6c-883e548d 11038/questione Concepts of Biolog ALEKS - Alexis Luce amp Brytewave eReader Reading list -/5 E Rent Expense Utilities Expense Salaries and Wages Expense Dividends Service Revente Advertising Expense SSF 10:27 PM 10/1/2021 DELL Utilities Expense Salaries and Wages Expense Rent Expense Advertising Expense Dividends Service Revenue Nancy Jackson started her own consulting firm, Jackson Consulting Inc. on May 1 2022. The following transactions occurred during the month of May. May 1 2 3 Stockholders invested 515 300 cash in the business in exchange for common stock Paid $612 for office rent for the month Purchased $510 of supplies on accoun Paid $153 to advertise for the month in the County News Performed services for customer for $1.428 cash. 5 9 12 Paid $204 cash dividend 15 Performed $4,284 of services on account 15 17 20 23 Performed $4,284 of services on account. Paid $2,550 for employee salaries, Paid for the supplies purchased on account on May 3. Received a cash payment of $1,224 for services performed on account on May 15. Borrowed $5,100 from the bank on a note payable. Purchased office equipment for $2.040 paying $204 in cash and the balance on account. Paid $188 for utilities. 26 29 30 Show the effects of the above transactions on the accounting equation using the following format. Assume the note payable is to be repaid within the year. Include margin explanations for any changes in revenues or expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity Retained Earnings Revenues Expenses Dividends Question 5 of 6 -/5 = Date Cash Accounts Receivable Supplies E May 1 $ May 2 May 3 May 5 I May 9 May 12 May 15 !! May 15 May 17 May 20 May 23 I I May 26 May 29 May 30 $ s Equipment Commo Notes Payable Accounts Payable Retained Earnings Common Stock Revenues Expenses Dividends $ Player Ul Apr X % 23 Hoenework - MATH 1130.00 * Grades - PRINCIPLES OF ACCOU X y.com/waslui/v2/assessment-player/index.html?launchid=fa067a7a-dc93-436-bccc-163548d16038/question/4 & Mais CNM Online Camp Brytoware Reader Concepts of Biolog ALEKS - Alec K 5 of 6 -/5 Retained Earnings venues Expenses Dividends Rent Expense Uits Expense Dividends Advertising Expo Salaries and Wages Expense Service Revenue po 55F O E BL 10:26 PM 10/1/2021 DELL ! > Dividends Rent Expense Salaries and Wages Expense Utilities Expense Service Revenue Advertising Expense > Grades - PRINCIPLES OF ACCOU X 2/assessment-player/index.html?launchid=f8067a7a-d493-436-bac-83e548d1f038/question/4 CNM Online Camp Brytewave e leader Concepts of Biolog A ALEXS - Alexis luce Reading -75 Rent Expense Service Revenue Utilities Expense Salaries and was Expense dvertising Expense Dividends 55F Q 1027 PM 19/1/2021 II D DELL SCONTOU ent-player/index.html?launchid=fa067a7a-de93-436-becc-a83e548d11038/question/4 e Camp. Brytewave eReader = Concepts of Biolog - A ALEKS. Alexis Luce Reading list -/5 E Dividends Rent Expense Salaries and Wages Expense Service Revenue Advertising Expense Utilities Expense 1027 PM 10/1/2021 O 55F OBS DOLL 3-436-b6c-883e548d 11038/questione Concepts of Biolog ALEKS - Alexis Luce amp Brytewave eReader Reading list -/5 E Rent Expense Utilities Expense Salaries and Wages Expense Dividends Service Revente Advertising Expense SSF 10:27 PM 10/1/2021 DELL Utilities Expense Salaries and Wages Expense Rent Expense Advertising Expense Dividends Service Revenue
