Question
Use the Following Information to Answer the Questions Below. On Sept 1 Our Business received a $40,000 Check from in exchange for Common Stock. On
Use the Following Information to Answer the Questions Below. On Sept 1 Our Business received a $40,000 Check from in exchange for Common Stock. On Sept 2 Our Business paid $12,000 with a Check for Insurance for the next 6 months On Sept 3 Our Business received a $33,000 Check from the Garlic Corp. for Services to be provided in Later On Sept 4 Our Business purchased Office Equipment for $216,000, we paid $56,000 Cash Down payment Now and signed a Note for the Remaining Amount Due. The Equipment has a 6 Year Life. On Sept 25 Our Business recorded this Months Salaries in the amount of $9,000 to be Paid Next Month. On Sept 26 Our Business provided Services to the Pieology Corp worth $68,000, we received a Check for $17,000 and then Billed the customer the remainder on account. On Sept 27 Our Business paid $7,700 to the Owners of the Business with Checks. On Sept 28 Our Business provided Services to the Garlic Corp worth $11,000, deducted from the amount previously received from the Customer. On Sept 30 Our Business made an adjusting entry to record one month of Insurance used during this month. On Sept 30 Our Business made an adjusting entry to record one month of Depreciation on the Equipment. On Sept 30 Our Business made an adjusting entry to record Income Tax Due to the IRS at 40% Tax Rate. Enter your Answers Below as a number only no dollar signs or decimals.
Compute the Ending Cash Balance at Month End
Compute the Ending Balance in the Customer Deposit Account Compute the Ending Balance in the Prepaid Account
Compute the Ending Net Book Value of the Equipment Compute the Net Income (Before Taxes) for Month
Compute the Net Income (After Taxes) for Month
Compute the Net Ending Retained Earnings Balance at Month End
Compute the Ending Total Assets Balance
Compute the Ending Total Liabilities Balance
Compute the Ending Total Owners Equity Balance =
Compute the Ending Total Liabilities plus Owners Equity Balance =
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