Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

- Transactions a. The company received cash of $3,900 and issued common stock. b. Performed services for a customer and received cash of $6,600. c.

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
- Transactions a. The company received cash of $3,900 and issued common stock. b. Performed services for a customer and received cash of $6,600. c. Paid $4,800 on accounts payable. d. Purchased supplies on account, $1,200. e. Collected cash from a customer on account, $1,600. f. 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- $1,500; (2) paid advertising-$850. h. Declared and paid a cash dividend of $3,100. Print Done 1 Accounting equation analysis Assets Liabilities Stockholders' Equity Accounts Accounts Common Retained Type of Equity Transaction + + Receivable + Supplies - Equipment 3,650 11,700 Payable 7,500 Cash Bal 2,100 (a) 3,900 (6) 6,600 (c) (4.800) Stock 5,500 3,900 + Earnings 4.450 Issued stock 6,600 Service revenue (4,800) 1,200 1,200 () 1,600 (1,600) 4,500 (9) (2,350) 4,500 Service revenue (1,500) Rent expenso (850) Advertising expense (3.100) Dividends 10.100 (h)_(3.100) Bal 3,950 1,200 11,700 3,900 9,400 6,550 23,400 Total 23,400 Print Done X September 30, 2018 financial position Liabilities + Assets Accounts + Receivable + Supplies - Equipment 3,650 11,700 Stockholders' Equity Common Retained Stock + Earnings 5,500 Accounts Payable 7,500 Cash + Bal 2,100 4,450 Print Done Common www Thomahawon of Hos Coming Sober 2013 Dowwe 30.2016) Como comedor maste... 20.00. The post the two Theorghe wore Hermet Com D Tower Co. in 0.101 mchwin geampung dan Heath OM Accounts Payable HE Aline

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Standards And Audits For Ethics Management Systems The European Perspective

Authors: Josef Wieland

1st Edition

3642072925, 978-3642072925

More Books

Students also viewed these Accounting questions

Question

Describe how to train managers to coach employees. page 404

Answered: 1 week ago

Question

Discuss the steps in the development planning process. page 381

Answered: 1 week ago