Question
QUESTION 1 Eilish Company had the following account balances. Accounts Payable $630 Accounts Receivable $1,700 Cash $3,855 Common Stock $ 1,806 Deferred Revenue $1,469
QUESTION 1 Eilish Company had the following account balances. Accounts Payable $630 Accounts Receivable $1,700 Cash $3,855 Common Stock $ 1,806 Deferred Revenue $1,469 Eilish was missing the account balance for retained earnings. What is Ellish's total stockholders' equity? QUESTION 2 The following transactions are July activities of Emma's Tik Tok Service, which creates videos. Emma's collected $4,541 from customers for services related to videos created in July. Emma's billed a customer for $732 for a video made on the last day of July. The bill is to be paid in August. On July 1, a customer gave Emma's advance payments totaling $1,220 for the four months of work to be done equally staring in July Emma's received $815 from credit sales made to customers last month (in June). What is the revenue Emma will recognize in July? QUESTION 3 During its first month of operations, Ava Corporation provided $62.079 of services to their customers. Ava's costs included rent of $11,112 and salaries and wages totaling $16,085 At the end of the month, the board of directors approved a dividend of $2,747. What is the total net income generated by Ava Company during the month?
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