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Required information The following information applies to the questions displayed below. Aly Services Inc. (ASI) is a mobile pet services company and was incorporated January
Required information The following information applies to the questions displayed below. Aly Services Inc. (ASI) is a mobile pet services company and was incorporated January 1 The following transactions occurred during the year: a. Owners contribute $5,000 to the company. The company issues stock to the owners b. ASI takes out a $20,000, 5-year loan from the bank c. ASI pays $10,000 cash to buy a truck. ASI purchases $400 worth of grooming supplies (shampoos, etc.) on credit. The company receives a bill and will pay the bill later. ASI groomed 30 dogs at a rate of $40 per dog ($1,200 total) during the month. The company collected cash from clients immediately after providing the service ASI has a contract with two large corporate clients where ASI cares for all of the f clients' employees' pets for the month while the employees are at work. The company provided $6,000 worth of dog sitting and grooming services and gave ach of the two clients a bill for the services. The clients did not pay ASI any cash yet During the month ASI paid $1,500 Cash to Employees for work performed this month 9 and paid $300 for this month's liability insurance h. The company pays a $3,000 dividend to its owners Required . Analyze each item for its effects on the accounting equation of ASI for the year endec December 31. (Enter any decreases to account balances with a minus sign.) Total Total Assets: 0Liabilities Total Stockholders Equity Assets Liabilities Stockholders' Equity Accounts Receivable APapubitePayablesnonekxpense Exprense Dividends Accounts Notes Common Stock Service Wages Insurance Cash Supplies Equipment Beg: a. d. End
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