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The following amounts summarize the financial position of Raymour Computing, Inc., on September 30, 2018: (Click the icon to view the September 30, 2018 financial
The following amounts summarize the financial position of Raymour Computing, Inc., on September 30, 2018: (Click the icon to view the September 30, 2018 financial position.) During October 2018, Raymour 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 Raymour 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, calculate the ending balance of each account, total assets, and total liabilities and stockholders' equity. (Use parentheses or a minus sign when decreasing accounts. If a box is not used in the table leave the box empty; do not enter a zero.) Stockholders' Equity Assets Accounts Liabilities Accourts Cash Receivable Suppies - Equipment = Payable Bal 2,050 3,450 11,800 = 8,400 (A) September 30, 2018 financial position + Common Relained Stock + Earnings Type of Equity Transaction 8,000 2.700 Assets = Liabilities Accounts Cash + Receivable + Supplies + Bal 2,050 3,450 Equipment = 11.603 Accounts Payable 8,400 Print Done + Stockholders' Equity Common Retained Stock - Earnings 6,000 2700 Transactions The company received cash of $3,500 and issued common stock. b. Performed services for a customer and received cash of $5,800. Paid $4.600 on accounts payable. d. Purchased supplies on account, $400. f. Collected cash from a customer on account, $1.500. Consulted on the design of a computer system and billed the customer for services rendered, $4,500. g. Recorded the following business expenses for the month: (1) paid office rent- $1,600; (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 $2,900. Print Dona
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