Show your workings please Angela Peters practiced law with a partnership for 10 years. Recently she opened her own law office, which she operates as
Show your workings please
Angela Peters practiced law with a partnership for 10 years. Recently she opened her own law office, which she operates as a proprietorship. The name of the new entity is Angela Peters, Attorney. Peters experienced the following events during the organizing phase of the new business and its first month of operation. Some of the events were personal and did not affect the law practice. Others were business transactions and should be accounted for by the business.
Mar 1 Sold personal investment in eBay stock, which she had owned for several years, receiving $31,000 cash.
2 Deposited the $31,000 cash from sales of the eBay stock in her personal bank account
3 Received $139,000 cash from former law partners
5 Deposited $89,000 cash in new business bank account titled Angela Peters, Attorney. The business gave capital to Peters.
7 Paid $400 cash for ink cartridges for the printers
9 Purchased computer for the law office, agreeing to pay the amount $9,300, within three months.
23 Finished court hearings on behalf of client and submitted a bill for legal services, $13,500, on account.
30 Paid utilities, $1,200
31 Peter withdrew cash of $2,000.
Analyze the effects of the preceding events on the accounting equation of the proprietorship of Angela Peters, Attorney.
At March 31, compute the business????mpute the business
Practice Question Enter your answer to each question in the space provided. Click on the button marked "Check Answer" to see if you are correct. Siamese Fighting Fish (Betta splendens) normally have short, rounded tails. Hobbyists have developed a variant that has a long, drooping "veil" tail. When pure breeding round-tailed fish are bred with pure breeding veil-tailed fish the progeny all have veil tails. When F1 progeny from such a cross were self-crossed, the F2 generation consisted of 63 veil-tailed fish and 25 round-tailed fish. Which phenotype is dominant? Veil tail Check Answer What percentage of the F1 progeny are expected to be heterozygous? % Check Answer What percentage of the F2 round-tailed progeny are expected to be heterozygous? % Check Answer What percentage of the F2 veil-tailed progeny are expected to be heterozyg %% Check AnswerD AABbC AaBbCc Aab AaBbCCC Aal Normal No Spac... Heading 1 Heading 2 Title Subtitle Subt Paragraph Styles Question 16 What does the term "piercing the corporate veil" mean? 1. Financing provided by professional, outside investors 2, A situation where the shareholders of a corporation are exposed to personal liability 3. Refers to power enumerated in the articles of incorporation or Corporate by laws 4. A slang term for the articles of incorporationP1-46A Using the accounting equation for transaction analysis and preparing Learning Obje financial statements Angela Petrillo recently opened her own law office, which she operates as a corporation. 2c. Total Assets $9 The name of the new entity is Angela Petrillo, Attorney. Petrillo experienced the following events during the organizing phase of the new business and its first month of operation, March 2016. Some of the events were personal and did not affect the law practice. Others were business transactions and should be accounted for by the business. Mar. 1 Sold personal investment in Amazon stock, which she had owned for several years, receiving $31,000 cash. 2 Deposited the $31,000 cash from the sale of the Amazon stock in her personal bank account. 3 Deposited $72,000 cash in a new business bank account titled Angela Petrillo, Attorney. The business issued common stock to Petrillo. 5 Paid $350 cash for ink cartridges for the printer. 7 Purchased computer for the law office, agreeing to pay the account, $5,500, within three months. 9 Received $2,500 cash from customers for services rendered. 15 Received bill from The Lawyer for magazine subscription, $340. (Use Miscellaneous Expense account.) 23 Finished court hearings on behalf of a client and submitted a bill for legal services, $18,000, on account. 28 Paid bill from The Lawyer. 30 Paid utilities, $1,300. 31 Received $1,800 cash from clients billed on Mar. 23. 31 Cash dividends of $2,000 were paid to stockholders. Requirements 1. Analyze the effects of the preceding events on the accounting equation of Angela Petrillo, Attorney. Use a format similar to Exhibit 1-6. 2. Prepare the following financial statements: a. Income statement. b. Statement of retained earnings. c. Balance sheet.Question 6 P Which of the following is NOT true about Gauss's Law and Coulomb's Law? O In all cases, Gauss's Law is simply a different mathematical way to express Coulomb's law, but using an integral instead of a force equation. O Gauss's Law can be used to easily calculate the electric field in cases where there is a lot of symmetry, even when such a calculation would be difficult with Coulomb's Law. O Because it applies in all cases, Gauss's Law is one of the fundamental laws of electricity and magnetism, whereas Coulomb's Law is not. O Both Gauss's Law and Coulomb's Law are mathematically equivalent in cases where charge does not move and electric fields are constant with time
