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need to input the data into chart FULL SCRFEN (b) From an analysis of the Retained Earnings columns, compute the net income or net loss
need to input the data into chart
FULL SCRFEN (b) From an analysis of the Retained Earnings columns, compute the net income or net loss for April. Nona Curry started her own consulting firm, Curry Consulting Inc, on May 1, 2017. The followingkransactions occurred during the month of May. May 1 Stockholders invested $15,000 cash in the business in exchange for common stock. 2 Paid $600 for office rent for the month. 3 Purchased $500 of supplies on account. 5 Paid $150 to advertise in the County News 9 Received $1,400 cash for services performed. 12 Paid $200 cash dividend, 15 Performed 54,200 of services on account 17 Paid $2,500 for employee salaries. 20 Paid for the supplies purchased on account on May 3. 23 Received a cash payment of $1,200 for services performed on account on May 15. 26 Borrowed $5,000 from the bank on a note payable. 29 Purchased office equipment for $2,000 paying $200 in cash and the balance on account 30 Paid S180 for utilities. Instructions (a) Show the effects of the previous transactions on the accounting equation using the following format. Assume the note payable is to be repaid within the ye Assets Liabilities Stockhol: Page 8 CHAPTER 3 PROBLEM 3-2A ( More! HED only) Analyze Tra n s refers to the specifiere expense, or dividend account ASSETS LIABILITIES Date Cash Accounts Receivable Notes Payable Supplies - Equipment STOCKHOLDERS' EQUITY Retained Earrings I Reveries Expenses Dividends Accounts Payable Common Stock dentity ED Account 2017 May 1 Bal. Check figure: Ending Cash Balance = $18,270 Step by Step Solution
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