We need a detailed response on the following:

Question 1:

Calculate Net Income in each separate scenario:

Total Assets Total Liabilities

Beg. of year $315,000 $132,000

End of year $582,000 $255,000

Co. A No additional capital stock was issued, and no dividends were paid

Co. B No additional capital stock was issued, but dividends of $30,000 were paid out.

Co. C Capital stock of $ 45,000 was issued, but no dividends were paid.

Co. D Capital stock of $45,000 was issued, and dividends of $30,000 were paid.

Assets = Liabilities + Equity

$315,000 = 132,000 + 183,000

582,000 = 255,000 + 327,000

Increase in equity is: $144,000

The increase in equity can be attributable to two things:

1. Increase in stock
2. Increase in Retained Earnings (R/E) which is attributable to Net Income (NI) minus Dividends

Co. A---Since the increase is only attributable to an increase in R/E, that means that NI was $144,000.

Co. BSince the increase is only attributable to an increase in R/E and dividends of $30,000 were paid then the following equation is used:

Beg. R/E + NI -Dividends = Ending R/E

NI -30,000 = 144,000

NI =$174,000

Co. C

Co. D

Question 2:

Campbell Soup Co. had the following assets and liabilities (in millions) as of July 31, 2020.

Assets $6,776

Liabilities $5,506

1. Determine the stockholders' equity of Campbell Soup as of July 31, 2020.
2. If assets increased by $1,094 and liabilities increased by $596, what was the increase or decrease in stockholders' equity for the year ending July 31, 2021.
3. What were the total assets, liabilities, and stockholders' equity as of July 30, 2021?
4. Based upon your answer to (c.), does the accounting equation balance?

Question 3:

The Disney Co. had the following assets and liabilities (in millions) as of 9/30/2019

Assets $53,158

Liabilities 26,948

1. Determine the stockholders' equity of Disney as of 9/30/2019
2. If assets increased by $6,840 and stockholders' equity increased by $5,610, what was the increase or decrease in liabilities for the year ending

9/30/2020?

Question4:

After its first month of operation, the following amounts were taken from the accounting records of Sandcastle Realty Inc. as of June 30 , 2020.

Capital Stock $ 18,000 Note payable $ 54,000

Cash 38,700 Rent expense 10,800

Dividends 7,200 Retained earnings 0

Interest expense 3,600 Salaries expense 16,200

Land 66,600 Sales commissions 89,100

Misc expense 4,500 Utilities expense 13,500

1) Prepare an income statement for the month ending June 30, 2020

2) Using the financial data shown for Sandcastle Realty, Inc. Prepare a retained earnings statement for the month ending June 30, 2020.

3) Prepare a balance sheet as of June 30, 2020.

Question 5:

Juniper Delivery had the following transactions during May 2020, its first month of operation:

1. Received cash from issuance of capital stock, $50,000.
2. Received cash for providing delivery services, $18,000.
3. Paid advertising expense, $1,000
4. Received cash from customers for delivery services, $35,000.
5. Purchased supplies for cash, $2,100.
6. Paid wages, $2,000.
7. Paid rent for May, $2,000.
8. Received cash from customers for delivery services, $16,700.
9. Determined that the cost of supplies on hand was $1,200, therefore, $900 of supplies had been used during the month.
10. Paid dividends $1,500.

1. Indicate the effect of each transaction on the accounting equation
2. Prepare an Income Statement for the month of May
3. Prepare a Statement of Retained Earnings
4. Prepare a Balance Sheet for May 31, 2020