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please it says it wrong. thanks Badger World Wide, Inc., manufactures military, work, sport, and casual footwear and leather accessories under a variety of brand
please it says it wrong. thanks
Badger World Wide, Inc., manufactures military, work, sport, and casual footwear and leather accessories under a variety of brand names, such as Moth, Lovies, Walkers, and Bill Ladde. The following transactions occurred during a recent month Made cash sales of $49.200 example Purchased $4700 of additional supplies on account. Borrowed $65 800 on long term notes d Purchased $28.400 in additional equipment paying in cash e incurred $33150 in selling expenses, paying two thirds in cash and owing the rest on account Paid $5.500 in rent for this month, and also paid $5.500 for next month Required: 1. For each of the transactions, complete the following table indicating the account amount and direction of the effect for increase and - for decrease) of each transaction under the accrual bati Include revenues and expenses as subcategories of stockholders equity as shown for the first transaction, which is provided as an example 2. Determine the company's preliminary net income Complete this question by entering your answers in the tabs below. Required 2 For each of the transactions, complete the following table, indicating the account amount and direction of the effect for increase and for decrease of each transaction under the accrual basis. Include revenues and expenses as subcategories of stockholders' equity as shown to the first transaction which is srovided as an examole. Enter any decreases to account balances with minus son Prey 6 o 7 Next > Required 1 Required 2 For each of the transactions, complete the following table, indicating the account amount, and direction of the effect for increase and of each transaction under the accrual basis. Include revenues and expenses as subcategories of stockholders' equity, as shown for the fir which is provided as an example. Enter any decreases to account balances with a minus sign.) Transaction Assets Labbes Stockholders' Equity a 4 Sales Revenue Accounts Payable Notes Payable (long-term) Accounts Payable 4,700 65.800 Cash Supplies Cash Cash Equipment Cash Prepaid Rent Cash 9 200 4,700 65,800 28.400 28,400 | 33,150 5.500 Accounts Payable 16,575 Evenser Rent Expense 5.500) Rered 2 > Required: 1. For each of the transactions, complete the following table, indicating the accou and - for decrease) of each transaction under the accrual basis. Include revenu equity, as shown for the first transaction, which is provided as an example. 2. Determine the company's preliminary net income. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the company's preliminary net income. Preliminary Net IncomeStep by Step Solution
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