need question 4 answered letters a,b,c,d,e

nye ule ulects that each of these transactions will have on the following six component of the company's financial statements for the month of September. Organize your answerin tabular form, using the column headings shown. Use I for increase, D for decrease, and NE. no effect. The September 1 transaction is provided for you. Income Statement Balance Sheet Transaction Revenue - Expenses = Net Income Assets Liabilities + Owners' Equity Sept. 1 NEI D DNE 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 transactions is recorded as an expense. Describe three situations in which a cash payment would not involve recognition of an expense. In June, current year. Wendy Winger organized a corporation to provide serial photography ser- vices. The company, called Aerial Views, began operations immediately. Transactions during the month of June were as follows. 03-2, LO3-3, L03-4, _03-6, LO3-7, LO3-8, 03-10 EM 3.4A ounting Cycle: zing, Posting, and ng a Trial Balance June 1 The corporation issued 60,000 shares of capital stock to Wendy Winger is exchange for $60,000 cash. June 2 P urchased a plane from Utility Aircraft for $220,000. Made a $40,000 cash down payment and issued a note payable for the remaining balance. June 4 Paid Woodrow Airport $2,500 to rent office and hangar space for the month June 15 Billed customers $8,320 for aerial photographs taken during the first half of June. June 15 Paid $5.880 in salaries earned by employees during the first half of June. June 18 Paid Hannigan's Hangar $1.890 for maintenance and repair services on the company plane. June 25 Collected $4.910 of the amounts billed to customers on June 15. June 30 Billed customers $16,450 for aerial photographs taken during the second half of the month. June 30 Paid $6,000 in salaries earned by employees during the second half of the month. June 30 Received a $2,510 bill from Peatree Petroleum for aircraft fuel purchased in June. The entire amount is due July 10. June 30 Declared a $2,000 dividend payable on July 15. The account titles used by Aerial Views are: Cash Retained Earnings Accounts Receivable Dividends Aircraft Aerial Photography Revenue Notes Payable Maintenance Expense Accounts Payable Fuel Expense Dividends Payable Salaries Expense Capital Stock Rent Expense Instructions a. Analyze the effects that each of these transactions will have on the following six components of the company's financial statements for the month of June. Organize your answer in tabula form, using the column headings shown. Use I for increase, D for decrease, and NE for no effect. The June 1 transaction is provided for you. Income Statement Balance Sheet Assets Revenue - Expenses - Net Income Liabilities + Owners' Equity Transaction June 1 NE NE NE NE I 133 b. Prepare journal entries (including explanations) for each transaction. c. Post each transaction to the appropriate ledger accounts (use a running balance format as illus- trated in Exhibit 3-4). d. Prepare a trial balance dated June 30, current year. Using figures from the trial balance prepared in part d, compute total assets, total liabilities, and owners' equity. Are these the figures that the company will report in its June 30 balance sheet? Explain your answer briefly. LO3-3, LO3-4, LO3-7, LO3-8, Dr. Schekter, DVM, opened a veterinary clinic on May 1, current year. The business transactions for May are shown as follows. 5A ng Cycle: Posting, and Fial Balance May 1 Dr. Schekter invested $480,000 cash in the business in exchange for 6,000 shares of capital stock May 4 Land and a building were purchased for $300,000. Of this amount, $84,000 applied to the land, and $216,000 to the building. A cash payment of S120,000 was made at the time of the purchase, and a note payable was issued for the remaining balance. May 9 Medical instruments were purchased for $156,000 cash. May 16 Office fixtures and equipment were purchased for $60,000. Dr. Schekter paid $24,000 at the time of purchase and agreed to pay the entire remaining balance in 15 days, May 21 Office supplies expected to last several months were purchased for $6,000 cash. May 24 Dr. Schekter billed clients $2,640 for services rendered. Of this amount, $2,280 was received in cash, and $360 was billed on account (due in 30 days). May 27 A $480 invoice was received for several radio advertisements aired in May. The entire