this is Introduction to Accounting and Business

please help!!! this is Prin. of Financial Accounting 2401 and i try hard to understand, thank you!

Cost Principle On June 25, McCade Repair Service extended an offer of $128,000 for land that had been priced for sale at $146,000 ax purposes. On December 22, McCade Repair Service was offered $222,000 for the land by a national retail chain. At what value should the land be recorded in McCade Repair Service's records? Accounting Equation Jan Petri is the stockholder and operator of Galaxy LLC, a motivational consulting business. At the end of its accounti a. Stockholders' equity as of December 31, 20Y2. b. Stockholders' equity as of December 31, 2013, assuming that assets increased by $136,000 and liabilities increas $ Transactions Interstate Delivery Service is owned and operated by Katie Wyer. The following selected transactions were completed Indicate the effect of each transaction on the following accounting equation elements (Assets, Liabilities, Common St follows: (1) Asset (Cash) increases by $18,000; Common Stock increases by $18,000. Element Asset Item Cash 1. Received cash in exchange for common stock, $18,000. Common Stock 2. Paid advertising expense, $4,850. 3. Purchased supplies on account, $2,100. 4. Billed customers for delivery services on account, $14,700. 5. Received cash from customers on account, $8,200. Income Statement The revenues and expenses of Paradise Travel Service for the year ended May 31, 2046, follow: Fees earned $830,415 Office expense 190,995 Miscellaneous expense 16,610 Wages expense 398,600 Prepare an income statement for the year ended May 31, 2016. Paradise Travel Service Income Statement For the Year Ended May 31, 2046 $ Expenses: Total expenses Cost Principle On June 25, McCade Repair Service extended an offer of $128,000 for land that had been priced for sale at $146,000 ax purposes. On December 22, McCade Repair Service was offered $222,000 for the land by a national retail chain. At what value should the land be recorded in McCade Repair Service's records? Accounting Equation Jan Petri is the stockholder and operator of Galaxy LLC, a motivational consulting business. At the end of its accounti a. Stockholders' equity as of December 31, 20Y2. b. Stockholders' equity as of December 31, 2013, assuming that assets increased by $136,000 and liabilities increas $ Transactions Interstate Delivery Service is owned and operated by Katie Wyer. The following selected transactions were completed Indicate the effect of each transaction on the following accounting equation elements (Assets, Liabilities, Common St follows: (1) Asset (Cash) increases by $18,000; Common Stock increases by $18,000. Element Asset Item Cash 1. Received cash in exchange for common stock, $18,000. Common Stock 2. Paid advertising expense, $4,850. 3. Purchased supplies on account, $2,100. 4. Billed customers for delivery services on account, $14,700. 5. Received cash from customers on account, $8,200. Income Statement The revenues and expenses of Paradise Travel Service for the year ended May 31, 2046, follow: Fees earned $830,415 Office expense 190,995 Miscellaneous expense 16,610 Wages expense 398,600 Prepare an income statement for the year ended May 31, 2016. Paradise Travel Service Income Statement For the Year Ended May 31, 2046 $ Expenses: Total expenses