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Question Help Janice Fisk worked as an accountant at a local accounting firm for five years after graduating from college. She recently opened her own
Question Help Janice Fisk worked as an accountant at a local accounting firm for five years after graduating from college. She recently opened her own accounting practice, which she operates as a corporation. The name of the new entity is Fisk and Associates, Inc. Janice experienced the following events during the first month of operations. Some of the events were personal and did not affect the accounting practice. Others were business transactions and should be accounted for by the business. Click the icon to view the events.) Total assets b Total liabilities Total stockholders' equity d. Not income (loss) for April C. Enter any number in the edit fields and then continue to the next question, * Previous Next ots 4 of 4 (3 complete) This More Info - san a tion. anal al view! htin no ine Apr 3 Received $80,000 cash proceeds from refinancing her house. 5$65,000 of common stock in the business was sold to Janice Fisk. The cash proceeds were deposited in a new business bank account titled Fisk and Associates, Inc. 7 Paid $450 cash for office supplies for the new accounting practice. 9 Purchased $4,700 of office furniture for the accounting practice and agreed to pay the vendor within three months. 10 Janice sold 1,500 shares of Scion stock, which she had owned for several years, receiving $19,500 cash. The cash from the sale of stock was deposited in her personal bank account. ers' s) fol ne ed Print Done Question More Info -X ked as an al orporation personal al on to view pting practice h of operation Iness ats lities kholders' me (loss) fo $19,500 cash. The cash from the sale of stock was deposited in her personal bank account 14 A representative of a large company telephoned Janice and told her of the company's intention to hire Fisk and Associates, Inc., as its accountants. 20 Finished accounting work for a client and sent the client a bill for $3,800, The client is expected to pay within two weeks. 27 Paid office rent, $2,500 29 Paid $2,300 on account from the April 9th transaction. 30 Pald $500 of dividends to shareholders of Fisk and Associates, Inc. er in the ed Print Done
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