please place the proper dollar amount in the approriate space and arrow up or down to indicate the effect on the financial statement. thank you
please place the proper dollar amount in the approriate space and arrow up or down to indicate the effect on the financial statement. thank you
9. Sarah went to work and earned $120 that will be paid to her on the next day. Do the employer's accounting f the day before the payday will occur. 10. When Sarah's payday arrived on the next day, the employer paid Sarah the amount owed and paid Sarah an a cover the amount Sarah would earn in the following week. [The employer was going out of town for a while Sarah to miss a payday.] Show the employer's accounting on this day ignoring any amounts earned by Sarah For each of the descriptions below, indicate the changes on the following financial statement elements: total assets, total liabilities, owners' equity, revenues, gains, expenses, losses and income. The changes are those immediately caused by each of the numbered items. Alex provides consulting services for clients. Place the proper dollar amount in the appropriate space and arrows up or down to indicate the effect on the financial statement element. Alternatively, you may use +' or to indicate the changes in the element. 9. Sarah went to work and earned $120 that will be paid to her on the next day. Do the employer's accounting f the day before the payday will occur. 10. When Sarah's payday arrived on the next day, the employer paid Sarah the amount owed and paid Sarah an a cover the amount Sarah would earn in the following week. [The employer was going out of town for a while Sarah to miss a payday.] Show the employer's accounting on this day ignoring any amounts earned by Sarah Account titles are not required. However, if you know the accounting titles you will find much of the classwork we do in the subsequent weeks easier to follow. Loss Income Rev Gain Exp A L OE 2 3 4 5 6 7 8 9 10 11 8. On February 28, Year 1, show the impact in the financial statemes or he anunora- 9. Sarah went to work and earned $120 that will be paid to her on the next day. Do the employer's accounting for this amount on the day before the payday will occur. 10. When Sarah's payday arrived on the next day, the employer paid Sarah the amount owed and paid Sarah an additional $100 to cover the amount Sarah would earm in the following week. [The employer was going out of town for a while and did not want Sarah to miss a payday.] Show the employer's accounting on this day ignoring any amounts earned by Sarah on this day