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nikdorinn [45]
3 years ago
13

Prepare journal entries for each transaction and identify the financial statement impact of each entry. The financial statements

are automatically generated based on the journal entries recorded. Jan. 1 Kacy Spade, owner, invested $100,750 cash in the company in exchange for common stock. Jan. 2 The company purchased office supplies for $1,250 cash. Jan. 3 The company purchased $10,050 of office equipment on credit. Jan. 4 The company received $15,500 cash as fees for services provided to a customer. Jan. 5 The company paid $10,050 cash to settle the payable for the office equipment purchased on January 3. Jan. 6 The company billed a customer $2,700 as fees for services provided. Jan. 7 The company paid $1,225 cash for the monthly rent. Jan. 8 The company collected $1,125 cash as partial payment for the account receivable created on January 6. Jan. 9 The company paid $10,000 cash in dividends to the owner (sole shareholder).

Business
1 answer:
Vikki [24]3 years ago
4 0

Answer:

See explanation

Explanation:

See the image below

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The exclusive right to display a symbol of product identification is a:
aleksklad [387]

Answer:

c. Trademark.

Explanation:

it is a termed used for identification of signed or design of some particular corporation. sometimes trademark become more famous than  corporation therefore main motives behind trademark is to used as a symbolization of corporation. It is used to protect the original design of the company and brand name.

7 0
3 years ago
To issue new guidelines and opinions regarding employment practices that result from newly passed laws, t the Equal Employment O
Alex787 [66]

Answer:

The correct answer is "Federal Register"

Explanation:

In the Federal Register we can find the rules of government agencies and public notices.

This is an approach that the government uses so that people have knowledge about new laws and regulations, requirements and guidance of the government. All proposed and approved government regulations are published in the Federal Register. For this reason, the Equal Employment Opportunity Commission is based on the Federal Register.

4 0
3 years ago
true or false Deflation can be differentiated from disinflation in that the deflation rate is always negative while the disinfla
Ghella [55]

Answer:

True

Explanation:

The deflation arise when there is a decline in the general level of the price in the overall economy. It could be said as a negative rate of inflation

On the other hand, the disinflation arise when the inflation rate is the decline over time but it would remain positive

Therefore the given statement is true

hence, the same is to be considered

7 0
2 years ago
Countries with the highest gross domestic product (GDP) _____ have the highest GDP per capita.
statuscvo [17]
May not??
I’m guessing... but hope this helps..
6 0
3 years ago
Read 2 more answers
Kier Company issued $700,000 in bonds on January 1, Year 1. The bonds were issued at face value and carried a 4-year term to mat
mezya [45]

Answer: Interest expense = $45500

Cash outflow = $45500

Explanation:

Based on the information that were given in the question, the amounts of interest expense and cash flows from operating activities, that will be reported in the financial statements for the year ending December 31, Year 1 will be calculated thus:

Interest expense = $700,000 × 6.50%

= $700,000 × 0.065

= $45500

The interest expense of $45500 will be reported on December 31, Year 1 in the income statement and will also be reported in the cash outflow as well. Therefore,

Interest expense = $45500

Cash outflow = $45500

5 0
2 years ago
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