Jan. 2 stockholders invested $15,000 cash in the business in exchange for common stock. 3 purchased used car for $8,200 cash for use in the business. 9 purchased supplies on account for $500. 11 billed customers $1,800 for services performed. 16 paid $200 cash for advertising. 20 received $780 cash from customers billed on january 11. 23 paid creditor $300 cash on balance owed. 28 declared and paid a $500 cash dividend. for each transaction indicate the following. (a) the basic type of account debited and credited (asset, liability, stockholdersâ equity). (b) the specific account debited and credited (cash, rent expense, service revenue, (c) whether the specific account is increased or decreased. (d) the normal balance of the specific account.
Answers: 3
Another question on Business
Business, 22.06.2019 08:30
Most angel investors expect a return on investment of question options: 20% to 25% over 5 years. 15% to 20% over 5 years. 75% over 10 years. 100% over 5 years.
Answers: 1
Business, 22.06.2019 20:20
Trade will take place: a. if the maximum that a consumer is willing and able to pay is less than the minimum price the producer is willing and able to accept for a good. b. if the maximum that a consumer is willing and able to pay is greater than the minimum price the producer is willing and able to accept for a good. c. only if the maximum that a consumer is willing and able to pay is equal to the minimum price the producer is willing and able to accept for a good. d. none of the above.
Answers: 3
Business, 23.06.2019 00:50
On january 1 of the current year, jimmy's sandwich company reported owner's capital totaling $128,000. during the current year, total revenues were $106,000 while total expenses were $95,500. also, during the current year jimmy withdrew $30,000 from the company. no other changes in equity occurred during the year. if, on december 31 of the current year, total assets are $206,000, the change in owner's capital during the year was:
Answers: 3
Business, 23.06.2019 02:40
Suppose we are interested in bidding on a piece of land and we know one other bidder is interested. the seller announced that the highest bid in excess of $9,500 will be accepted. assume that the competitor's bid x is a random variable that is uniformly distributed between $9,500 and $15,500. suppose you bid $12,000. what is the probability that your bid will be accepted?
Answers: 2
You know the right answer?
Jan. 2 stockholders invested $15,000 cash in the business in exchange for common stock. 3 purchased...
Questions
Social Studies, 28.01.2021 05:10
Chemistry, 28.01.2021 05:10
Mathematics, 28.01.2021 05:10
Mathematics, 28.01.2021 05:10
Mathematics, 28.01.2021 05:10
Mathematics, 28.01.2021 05:10
Mathematics, 28.01.2021 05:10
Mathematics, 28.01.2021 05:10
English, 28.01.2021 05:10
Geography, 28.01.2021 05:10
Computers and Technology, 28.01.2021 05:10
World Languages, 28.01.2021 05:10
Geography, 28.01.2021 05:10
Business, 28.01.2021 05:10
