- X ACC 281.03 (1) 9/6/19 1:25 PM Save Homework: Chapter 1 Homework (Copy) Score: 0.22 of 5 pts P1-32A (similar to) 5 of 5 (5 complete) HW Score: 31.33%, 3.13 of 10 pts Question Help Dennise Adams started an interior design company called Interiors by Dennise, Inc., on April 1, 2018. The following amounts summanze the financial position of her business on April 14, 2018, after the first two weeks of operations: (Click the icon to view the amounts.) During the remainder of April, the following events occurred: i (Click the icon to view the transactions.) Read the requirements. a. Adams received $6,000 as a gift and used it to buy common stock in the business Assets + = = Liabilities AP + + Cash + AR Sup + Equip CS + Stockholders' equity Retained eamings Rey - Exp - 6,300 - 1,210 - Div 3,760 + 0 + 29,000 = 5,000 + 0 Bal a Bal 1,750 + 6,000 7,750 + 24,420 + 6.000 30,420 + 3,760 + 0 + 29,000 = 5,000 + 6,300 1,210 - 0 b. Paid off the beginning balance of Accounts payable. Assets + = = Liabilities AP + + Cash + AR Sup Equip CS + Stockholders' equity Retained earings Rev - Exp - -D- Div D = (5000) + C D (5000) + 2750 + Bal Enter any number in the edit fields and then click Check Answer. I remaining Clear All Check Answer - X 9/6/19 1:19 PM Homework: Chapter 1 Homework (Copy) Save Score: 0.22 of 5 pts 5 of 5 (5 complete) HW Score: 31.33%, 3.13 of 10 pts P1-32A (similar to) Question Help Dennise Adams started an interor design company called Intenors by Dennise, Inc., on April 1, 2018. The following amounts surrumarize the financial position of her business on April 14, 2018, after the first two weeks of operations During the remainder of April, the following events ocourred: i (Click the icon to view the transactions.) ES: (Click the icon to view the amounts.) Read the requirements. a Adams received $6.000 as a gift and used it to buy common stock in the business Data Table - X Assets + Cash + AR S 3.760 + Assets Bal a Bal 1,750 + 6,000+ Accounts receivable Liabilities Accounts payable 7,750 + 3,760 + Cash + + Supplies - Equipment = + Stockholders' equity Common stock + Retained earnings Service revenue - Salaries expense - + $ 21,120 + $ 6,300 - $ 1,210 - b. Paid off the beginning balance of Ace Dividends 0 $ 1,750 + $ 3,760 + 0 + $ 29,000 = $ 5.000 Auscles + Cash + AR 5 Print Done b. (5000) D 2750 + L Hal Enter any number in the edit fields and then click Check Answer. 15 remaining 15 parts Clear All Check Answer - X ACC 281.03 (1) Save Homework: Chapter 1 Homework (Copy) Score: 0.22 of 5 pts P1-32A (similar to) 5 of 5 (5 complete) HW Score: 31.33%, 3.13 of 10 pts Question Help Dennise Adams started an interior design company called Interiors by Dennise, Inc., on April 1, 2018. The following amounts summanze the financial position of her business on April 14, 2018, after the first two weeks of operations: (Click the icon to view the amounts.) During the remainder of April, the following events occurred: i (Click the icon to view the transactions.) Read the requirements. a. Adams received $6,000 as a gift and used it to buy common stock in the business Requirements - X Assets + = = Liabilities AP Cash + AR Sup + Equip 3,760 + 0 + 29,000 = 5,00 Bal a Bal 1,750 + 6,000 7,750 + 3,760 + 0 + 29,000 = 5,000 1. Enter the remaining transactions for the month of April into the expanded accounting equation, calculating new balances after each transaction. 2. Prepare the income statement of Interiors by Dennise, Inc., for the month ended April 30, 2018. 3. Prepare the statement of retained earnings of Interiors by Dennise, Incfor the month ended April 30, 2018 4. Prepare the balance sheet of Interiors by Dennise, Inc, at April 30, 2018 b. Paid off the beginning balance of Accounts payable. Assets + = = Liabilities AP Cash + AR Sup Equip Print Done D = (5000) (5000) + C 2750 + Bal Enter any number in the edit fields and then click Check Answer. 15 remaining Clear All Check
