Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Requirements Requirement 1. Analyze the effects of the transactions on the accounting equation of Blythe Spint Consulting, Inc Enter the transactions in the accounting equion,

image text in transcribed
image text in transcribed
image text in transcribed
Requirements Requirement 1. Analyze the effects of the transactions on the accounting equation of Blythe Spint Consulting, Inc Enter the transactions in the accounting equion, beginning with transaction a Fortransactions that affect shareholders equity, select the type of equity transaction. Aner at transactions have been entered, calculate the ending balance of each account and the losses and abilities and shareholders' equilty (Use parentheses or a minus sign when decreasing accounts. Only complete the necessary answer boxes leaving unused cells blank.) Assets Liabilities Shareholders' Equity Accounts Accounts Common Retained Type of Equity Cash + Receivable - Supplies + Land Payable Shares Eamingo Transaction Bal 1,100+ 1,300 + 12.100 7.700 3.500 3,300 ( - + Data Table Liabilities Assets Accounts Receivable + Supplies + 1.300 Shareholders' Equity Common Retained Shares Earings 3.500 3.300 Cash Accounts Payable 7.700 Land 12.100 - Choose from any list of enter a numberint Bal 1.100 Check Answer 14 ans remaining Print Done P2-33A (similar to) Requirements The following amounts summarize the financial position of Blythe Spirit Consulting, Inc. on May 31, 2017 (Click the icon to view the May 31, 2017 financial position.) Click the loon to view the transactions.) Requirements 1. Analyze the effects of the transactions on the accounting equation of Blythe Spirit Consulting, Inc. 2. Prepare the income statement of Blythe Spirit Consulting, Inc. for the month anded June 30, 2017 List expenses in decreasing order by amount 3. Prepare the entity's statement of retained earnings for the month ended June 30, 2017 4. Prepare the balance sheet of Blythe Spirit Consulting, in June 30, 2017 Requirement 1. Analyze the effects of the transactions on the accounting equation of Blythe Spirt Consulting, Inc. Enter the transactions in the accounting equation, beginning with transaction a. For transactions that affect shareholders' equity, the ending balance of each account and the total assets and total abilities and shareholders' equity (Use parentheses or a minus leaving unused cells blank) Liabilities Shareholders' Equity Accounts Accounts Common Retained Type of Equity Cash Receivable - Toplies + Land Payable Shares + Earnings Transaction Bal 1.100 1.300 + 0 12.100 7,700 3,500 - 3.300 (a) Prine Done . + Data Table Liabilities + Assets Accounts + Receivable - Supplies 1,300 Shareholders' Equity Common Retained Shares Eamings 3,500 Cash Accounts Payable 7.700 Land Choose from any list of enter wy number Bal. 1.100 12.100 14 parts Check Answer remaining Print Dono P2-33A (similar to) Requirements The following amounts summarize the financial position of Blythe Spirit Consulting, Inc. on May 31, 2017 (Click the icon to view the May 31, 2017 financial position) (Click the icon to view the transactions.) Requirements Requirement 1. Analyze the effects of the transactions on the accounting equation of Blythe Spirit Consulting, Inc. Enter the transactions in the accounting equation, beginning with transaction a. For transactions that affect shareholders' equity, select the ending balance of each account and the total assets and total liabilities and shareholders' equity. (Use parentheses or a minuss leaving urused cells blank.) Assets Liabilities Shareholders' Equity Accounts Accounts Common Retained Type of Equity Cash Receivable - Supplies Land Payable Shares Earnings Transaction Bal 1.100 1.300 0. 12.100 7.700 3.500 3,300 9.200 Issued shares (0) 1. Analyze the effects of the transactions on the accou Blythe Spirit Consulting, Inc. 2. Prepare the income statement of Blythe Spinit Consu the month ended June 30, 2017 List expenses in de by amount 3. Prepare the only's statement of retained earnings for onded June 30, 2017 4. Prepare the balance sheet of Blythe Spirit Consulting 30, 2017 Print Done + 9.2009 Data Table Assets Choose from any list of enter any nur Accounts Liabilities Accounts Payable 7.700 Shareholders' Equity Common Retained Shares - Earrings 3.500 3,300 Land 13 remaining Receivable - Supplies 1.300 Bal. 1,100 12.100 Check Answer Requirements Requirement 1. Analyze the effects of the transactions on the accounting equation of Blythe Spint Consulting, Inc Enter the transactions in the accounting equion, beginning with transaction a Fortransactions that affect shareholders equity, select the type of equity transaction. Aner at transactions have been entered, calculate the ending balance of each account and the losses and abilities and shareholders' equilty (Use parentheses or a minus sign when decreasing accounts. Only complete the necessary answer boxes leaving unused cells blank.) Assets Liabilities Shareholders' Equity Accounts Accounts Common Retained Type of Equity Cash + Receivable - Supplies + Land Payable Shares Eamingo Transaction Bal 1,100+ 1,300 + 12.100 7.700 3.500 3,300 ( - + Data Table Liabilities Assets Accounts Receivable + Supplies + 1.300 Shareholders' Equity Common Retained Shares Earings 3.500 3.300 Cash Accounts Payable 7.700 Land 12.100 - Choose from any list of enter a numberint Bal 1.100 Check Answer 14 ans remaining Print Done P2-33A (similar to) Requirements The following amounts summarize the financial position of Blythe Spirit Consulting, Inc. on May 31, 2017 (Click the icon to view the May 31, 2017 financial position.) Click the loon to view the transactions.) Requirements 1. Analyze the effects of the transactions on the accounting equation of Blythe Spirit Consulting, Inc. 2. Prepare the income statement of Blythe Spirit Consulting, Inc. for the month anded June 30, 2017 List expenses in decreasing order by amount 3. Prepare the entity's statement of retained earnings for the month ended June 30, 2017 4. Prepare the balance sheet of Blythe Spirit Consulting, in June 30, 2017 Requirement 1. Analyze the effects of the transactions on the accounting equation of Blythe Spirt Consulting, Inc. Enter the transactions in the accounting equation, beginning with transaction a. For transactions that affect shareholders' equity, the ending balance of each account and the total assets and total abilities and shareholders' equity (Use parentheses or a minus leaving unused cells blank) Liabilities Shareholders' Equity Accounts Accounts Common Retained Type of Equity Cash Receivable - Toplies + Land Payable Shares + Earnings Transaction Bal 1.100 1.300 + 0 12.100 7,700 3,500 - 3.300 (a) Prine Done . + Data Table Liabilities + Assets Accounts + Receivable - Supplies 1,300 Shareholders' Equity Common Retained Shares Eamings 3,500 Cash Accounts Payable 7.700 Land Choose from any list of enter wy number Bal. 1.100 12.100 14 parts Check Answer remaining Print Dono P2-33A (similar to) Requirements The following amounts summarize the financial position of Blythe Spirit Consulting, Inc. on May 31, 2017 (Click the icon to view the May 31, 2017 financial position) (Click the icon to view the transactions.) Requirements Requirement 1. Analyze the effects of the transactions on the accounting equation of Blythe Spirit Consulting, Inc. Enter the transactions in the accounting equation, beginning with transaction a. For transactions that affect shareholders' equity, select the ending balance of each account and the total assets and total liabilities and shareholders' equity. (Use parentheses or a minuss leaving urused cells blank.) Assets Liabilities Shareholders' Equity Accounts Accounts Common Retained Type of Equity Cash Receivable - Supplies Land Payable Shares Earnings Transaction Bal 1.100 1.300 0. 12.100 7.700 3.500 3,300 9.200 Issued shares (0) 1. Analyze the effects of the transactions on the accou Blythe Spirit Consulting, Inc. 2. Prepare the income statement of Blythe Spinit Consu the month ended June 30, 2017 List expenses in de by amount 3. Prepare the only's statement of retained earnings for onded June 30, 2017 4. Prepare the balance sheet of Blythe Spirit Consulting 30, 2017 Print Done + 9.2009 Data Table Assets Choose from any list of enter any nur Accounts Liabilities Accounts Payable 7.700 Shareholders' Equity Common Retained Shares - Earrings 3.500 3,300 Land 13 remaining Receivable - Supplies 1.300 Bal. 1,100 12.100 Check

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditors Guide To IT Auditing

Authors: Richard E. Cascarino

2nd Edition

1118147618, 978-1118147610

More Books

Students also viewed these Accounting questions

Question

i need correct answrrs 1 8 2 . .

Answered: 1 week ago