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The following amounts summarize the financial position of Davis Computing, Inc., on September 30, 2021 (Click the icon to view the September 30, 2021 financial
The following amounts summarize the financial position of Davis Computing, Inc., on September 30, 2021 (Click the icon to view the September 30, 2021 financial position) During October 2021, Davis Computing completed these transactions (Click the icon to view the transactions) Read the requirements Requirement 1. Analyze the effects of the preceding transactions on the accounting equation of Davis Computing, Inc Enter the transactions in the accounting equation, beginning with transaction "a" For transactions that affect stockholders' equity, select the type of equity transaction. For transaction "g", enter the amounts into the accounting equation as one transaction. After all transactions have been entered, calculatet of each account, total assets, and total liabilities and stockholders' equity (Use parentheses or a minus sign when decreasing accounts. If an input field is not used in the table leave the field empty, do not enter a zero) Assets Liabilities Stockholders' Equity - X Transactions Common Accounts Payable + Accounts + Receivable + Supplies 3,450 Type of Equity Transaction Stock Cash + Retained + Earnings 4.150 Equipment 11,700 = Bal 2,400 7.900 5,500 (a) a. The company received cash of $3,500 and issued common stock b. Performed services for a customer and received cash of $6,500 C. Paid $4,400 on accounts payable d. Purchased supplies on account, S1,200 e Collected cash from a customer on account. 51.700. f. Consulted on the design a computer system and billed the customer for services rendered, $4,700 g. Recorded the following business expenses for the month: (1) paid office rent- $1,800, (2) paid advertising$550 (Record the cash amount as a total and identify and record any other amounts separately) h. Declared and paid a cash dividend of $2.700 - X September 30, 2021 financial position Liabilities + Assets Stockholders' Equity Accounts Common Retained Accounts + Stock + Cash Print Done + Receivable + Supplies 3,450 Earnings 4,150 Equipment 11.700 Payable 7,900 5,500 Bal 2,400 Print Done Clear All c Choose from any list or enter any number in the input fields and then click Check
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