Supplies Supplies Epe We Transactie Cew the other for the cerchi forte de mettrach components/ ution for the transaction of the the best that does not Transaction Assets Liais Stockholders' lily Begin 50 10 1. In the 2 am 3. 4 3. . Principles and Arts 1 for Scan Accounting Principles Action redden to the same way The Cancang STER The she det Match each of the following scenarios with the accounting principle or accounting assumption that it best illustrates. Scenario Accounting Principle or Assumption Although GGE Enterprises Inc. received a good deal on a used truck, the amount recorded in the accounting records is the amount the company paid, not the amount the truck was actually worth. Thomas Company records sales for the month along with the expenses incurred to produce the sales. GGE Enterprises records a deposit received from a customer for work to be performed later in the month. The customer is billed for the remaining amount after the work is complete, and the customer's payment is recorded Several years after Thomas Company purchased new office equipment, the company's accounting records still show the original purchase price The accounting records of Thomas Company are in dollars, not euros, although the Ohio-based company is owned by German firm The home of Rob Elliot, the owner of GGE Enterprises Inc not listed among the companys Thomas Company provides earnings information to investors at the end of every quarter. Despite several years of falling sales Thomas Company continues to forecast sales and make strategic plans to raise revenues and cut expenses 2. Thomas Company has decided to purchase a company vehicle the accountant was given all of the purchase detalt Which should be used to record the Financial Statements A business will constructie finand statements in a partir order because they are interrelated. This means that are formulated in an die statemen financial statement can have compounding effect on the sea ancol position of company Which of the following is one on the statement of stockholderu prepared after the income statement? Which of the following one reason the statement of stockholders uity is prepared before the balance she Thomas Company provides aming mowers the end of Despite eles olinga, Thomas Company come to forecast plantas veces de W. Thomas Comharcamay vide The Other details which should be to record the whide in the word? Financial Statements business contical statement ter beste related this formularmented to the water med to Vincent are commounting on the wind Archione contente del motored where Witch at the deparad before the G Enterprises Inc webether year of het Minecommon bere oh oh 30. Afterward come the balan December ered the 150 Accounts Commented Fees Wages Rew Sweet Miscellaneous Cath Supplies Land Payable Stock Warning: Dividends Ered Expense Exp Expense Expense 100 1160 350 56.30 $26.950 $6.0 550 51230 Fration that eta State of Balance Income Stockholders Sheet Statement Equity Amount 1435 On November 1 of the current Rob Eliot invested $30.250 of his cash to form a corporation Enterprises Inc. in exchange for shares of common stock. No other common stock was issued during Nover After a succeir month of operations, the retained earnings as of November 30 were reported $5.000. After all transactions have been entered into the accounting equation for the month of Decemt balances for selected to December 3 follow. On that date, the financial statements were prepared. The balance sheet reported to sets of $56.650 and total odholders' equity of $37.415 Accounts Common Retained Fees Wages Rent Supplies Utilities Miscellaneous Cash Supplies and Payable Stock Earnings Dividends Earned Expense Expense Expense Expense Expense $8,100 $16.750 55.000 $6.750 $26.750 $6,475 $4,550 $1,220 $415 Review the following ustion. Indice which financial statement report the desired information Enter the amount reported on the financial statement Selecses" or "No from the below cropdown Statement of Balance Income Stockholders' Sheet Statement Equity Amount 1. What is the amount reported for tool abilities and stockholders equity December 17 2. What is the retained earnings amount reported on December 312 3. How much does not interpers Inc oe to s creditors 4. How much cash is beng by OE Enterprises Inc - - 1.0.0.0.0.0.0.0.1 5. Sy want daaring increase or decise during the period - 6. What is the mount of profesor long December 7. What the top for December 4 Buch was adore Supplies Supplies Epe We Transactie Cew the other for the cerchi forte de mettrach components/ ution for the transaction of the the best that does not Transaction Assets Liais Stockholders' lily Begin 50 10 1. In the 2 am 3. 4 3. . Principles and Arts 1 for Scan Accounting Principles Action redden to the same way The Cancang STER The she det Match each of the following scenarios with the accounting principle or accounting assumption that it best illustrates. Scenario Accounting Principle or Assumption Although GGE Enterprises Inc. received a good deal on a used truck, the amount recorded in the accounting records is the amount the company paid, not the amount the truck was actually worth. Thomas Company records sales for the month along with the expenses incurred to produce the sales. GGE Enterprises records a deposit received from a customer for work to be performed later in the month. The customer is billed for the remaining amount after the work is complete, and the customer's payment is recorded Several years after Thomas Company purchased new office equipment, the company's accounting records still show the original purchase price The accounting records of Thomas Company are in dollars, not euros, although the Ohio-based company is owned by German firm The home of Rob Elliot, the owner of GGE Enterprises Inc not listed among the companys Thomas Company provides earnings information to investors at the end of every quarter. Despite several years of falling sales Thomas Company continues to forecast sales and make strategic plans to raise revenues and cut expenses 2. Thomas Company has decided to purchase a company vehicle the accountant was given all of the purchase detalt Which should be used to record the Financial Statements A business will constructie finand statements in a partir order because they are interrelated. This means that are formulated in an die statemen financial statement can have compounding effect on the sea ancol position of company Which of the following is one on the statement of stockholderu prepared after the income statement? Which of the following one reason the statement of stockholders uity is prepared before the balance she Thomas Company provides aming mowers the end of Despite eles olinga, Thomas Company come to forecast plantas veces de W. Thomas Comharcamay vide The Other details which should be to record the whide in the word? Financial Statements business contical statement ter beste related this formularmented to the water med to Vincent are commounting on the wind Archione contente del motored where Witch at the deparad before the G Enterprises Inc webether year of het Minecommon bere oh oh 30. Afterward come the balan December ered the 150 Accounts Commented Fees Wages Rew Sweet Miscellaneous Cath Supplies Land Payable Stock Warning: Dividends Ered Expense Exp Expense Expense 100 1160 350 56.30 $26.950 $6.0 550 51230 Fration that eta State of Balance Income Stockholders Sheet Statement Equity Amount 1435 On November 1 of the current Rob Eliot invested $30.250 of his cash to form a corporation Enterprises Inc. in exchange for shares of common stock. No other common stock was issued during Nover After a succeir month of operations, the retained earnings as of November 30 were reported $5.000. After all transactions have been entered into the accounting equation for the month of Decemt balances for selected to December 3 follow. On that date, the financial statements were prepared. The balance sheet reported to sets of $56.650 and total odholders' equity of $37.415 Accounts Common Retained Fees Wages Rent Supplies Utilities Miscellaneous Cash Supplies and Payable Stock Earnings Dividends Earned Expense Expense Expense Expense Expense $8,100 $16.750 55.000 $6.750 $26.750 $6,475 $4,550 $1,220 $415 Review the following ustion. Indice which financial statement report the desired information Enter the amount reported on the financial statement Selecses" or "No from the below cropdown Statement of Balance Income Stockholders' Sheet Statement Equity Amount 1. What is the amount reported for tool abilities and stockholders equity December 17 2. What is the retained earnings amount reported on December 312 3. How much does not interpers Inc oe to s creditors 4. How much cash is beng by OE Enterprises Inc - - 1.0.0.0.0.0.0.0.1 5. Sy want daaring increase or decise during the period - 6. What is the mount of profesor long December 7. What the top for December 4 Buch was adore
