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The ac (15 Check i Total Prepa Check Total GROUP B PROBLEMS Excel templates for all questions are available in My Accounting Lab.) P1-1B. Mia
The ac (15 Check i Total Prepa Check Total GROUP B PROBLEMS Excel templates for all questions are available in My Accounting Lab.) P1-1B. Mia Anabelle of Winnipeg began a new business called Mia's Nail Spa. The fol- lowing transactions resulted: A. Mia invested 816,000 cash from her personal bank account into the salon. B. Bought equipment on account, $1,500. C. Paid $800 cash to reduce what was owed from Transaction B. D. Purchased additional equipment for cash, $3,000. Record these transactions in the basic accounting equation P1-2B Bill See has asked you to prepare a balance sheet as of September 30, 2020, for See Internet Service of Halifax. Assist Bill. B. Sec, Capital $24,000 Accounts Payable 60,000 Equipment 40,000 Building 28,000 Cash 16,000 P1-3B. Rick Fox of Corner Brook decided to open his own desktop publishing company at the end of November. Analyze the following transactions by recording their effects in the expanded accounting equation. A. Rick Fox invested $9,000 in the desktop publishing business. B. Purchased new office equipment on account, $3,000. C. Received cash for desktop publishing services rendered, $1,290. D. Paid part-time secretary's salary, 5625. E. Billed customers for desktop publishing services rendered, $2,690. F. Paid rent expense for the month, $500. G. Rick withdrew cash for personal use, $350. H. Advertising expense due but not yet paid, $100. Reco expa Check Total P1-4B. Jane West, owner of West's Stencilling Service in Grande Prairie, has requested Prep that you prepare from the following balances (a) an income statement for June stat 2020, (b) a statement of owner's equity for June, and (c) a balance sheet as of bala June 30, 2020. Cash $2,043 Stencilling Fees $1,098 Che Accounts Receivable 1,140 Advertising Expense Equipment 540 Repair Expense Accounts Payable 45 Travel Expense 90 J. West, Capital, June 1, 2020 3,720 Supplies Expense 270 J. West, Withdrawals 360 Rent Expense 240 135 com P1-5B. John Thildore of Regina opened Thildore's Catering Service. As his accountant, analyze the transactions listed below and present the following information in proper form. 1. The analysis of the transactions using the expanded accounting equation 2. A balance sheet showing the financial position of the firm before opening on October 31, 2019 3. An income statement for the month of November Tos
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