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Swifty Companys tabular analysis at the beginning of October consisted of the following balances: Assets = Liabilities + Stockholders' Equity Retained Earnings Cash + Accounts

Swifty Companys tabular analysis at the beginning of October consisted of the following balances:

Assets

=

Liabilities

+

Stockholders' Equity

Retained Earnings

Cash +

Accounts Receivable

=

Accounts Payable

+

Common Stock

+ Revenue - Expenses

Beg. Bal

$9430

$600

$2960

$7070

During October, the company issued additional shares of stock for proceeds of $2090. How would this transaction be recorded in the tabular analysis?

Decrease Cash by $2090 and increase Revenue by $2090.

Increase Cash by $2090 and increase Common Stock by $2090.

Increase Cash by $2090 and decrease Common Stock by $2090.

Increase Accounts Receivable by $2090 and increase Revenue by $2090.

During November, Vaughan Orr invested $270 in a new pet-sitting business, Vaughans Cats. During its first month of operations, Vaughans Cats performed services and billed customer $710, paid $130 for advertising, and collected $630 from customers. Use the following tabular analysis to determine Vaughans Cats Cash balance at the end of November

Assets

=

Liabilities

+

Stockholders' Equity

Retained Earnings

Cash +

Accounts Receivable

= Accounts Payable + Common Stock + Revenue - Expenses

$770

$980

$500

$840

The Wildhorse Company has four plants nationwide that cost $357 million. The current fair value of the plants is $304 million. The plants will be reported as assets at

$714 million.

$357 million.

$304 million.

$608 million.

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