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ook March 1) Meng invested $156,000 cash along with $22,200 in office equipment in the company in exchange for common stock. March 2) The
ook March 1) Meng invested $156,000 cash along with $22,200 in office equipment in the company in exchange for common stock. March 2) The company prepaid $10,000 cash for six months' rent for an office. The company's policy is to record prepaid expenses in balance sheet accounts. March 3) The company made credit purchases of office equipment for $3,200 and office supplies for $1,400. Payment is due within 10 days. March 6) The company completed services for a client and immediately received $4,200 cash. Increased equity - Stockholder investment $ 178,200 No change in equity No change in equity 0 0 Increased equity - Revenue 4,200 ant March 9) The company completed a $7,700 project for a client, who must pay within 30 days. Increased equity - Revenue 7,700 ences March 12) The company paid $4,600 cash to settle the account payable created on March 3. 0 March 19) The company paid $5,200 cash for the premium on No change in equity a 12-month insurance policy. The company's policy is to record No change in equity prepaid expenses in balance sheet accounts. Mar. 22) The company received $4,600 cash as partial payment for the work completed on March 9. Mar. 25) The company completed work for another client for $4,100 on credit. March 29) The company paid $5,300 cash in dividends. March 30) The company purchased $800 of additional office supplies on credit. March 31) The company paid $700 cash for this month's utility bill. Total impact on equity 0 No change in equity 0 Increased equity - Revenue 4,100 Decreased equity - Dividends (5,300) No change in equity 0 Decreased equity - Expense (700) $ 188,200 What is the balance in the total equity as reported on the balance sheet?
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