1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mafiozo [28]
3 years ago
12

For each activity, select the impact on the accounting equation. After doing all transactions, ensure that the accounting equati

on remains in balance. The first item is provided as an example. (Decreases to accounts should be entered as a negative.)
Transaction Assets Liabilities + Stockholders' Equity

1.Issue common stock in exchange for cash, $15,000. 15,000 0 15,000

2.Obtain a loan from the bank for $9,000.

3.Receive cash of $1,200 in advance from customers.

4.Purchase supplies on account, $2,400.

5.Pay one year of rent in advance, $12,000.

6.Provide services to customers on account, $3,000.

7.Repay $4,000 of the loan in (2) above.

8.Pay the full amount for supplies purchased in (4) above.

9.Provide services to customers in (3) above.

10.Pay cash dividends of $1,000 to stockholders.

Totals
Business
1 answer:
soldi70 [24.7K]3 years ago
5 0

Answer:

<u>                                      Assets       =         Liabilities     +       Equity             </u>

1)                                  15,000                          0                       15,000

2)                                  9,000                      9,000                      0

3)                                   1,200                        1,200                     0

4)                                  2,400                        2,400                     0

5)                                 (12,000)                         0                         0

                                     12,000                         0                         0

6)                                   3,000                           0                      3,000    

7)                                   (4,000)                      (4,000)                   0

8)                                   (2,400)                      (2,400)                   0

9)                                        0                           (1,200)                  1,200

10)                                  (1,000)                            0                     (1,000)

TOTALS                       23,200                       5,000                  18,200

You might be interested in
A person borrows ​$150 that he must repay in a lump sum no more than 8 years from now. The interest rate is 9.9​% annually compo
SashulF [63]

Answer:

a. $181.17

b. $218.82

c. $319.21

Explanation:

If the borrower repays the loan after 2 ​year

PV = $150

n = 2

r =  9.9​%

P/yr = 1

Pmt = $0

FV = ?

Using a financial calculator, FV = $181.1702

The amount that will be due if the borrower repays the loan after 2 ​year is $181.17.

If the borrower repays the loan after 4 ​years

PV = $150

n = 4

r =  9.9​%

P/yr = 1

Pmt = $0

FV = ?

Using a financial calculator, FV = $218.8175

The amount that will be due if the borrower repays the loan after 2 ​year is $218.82.

If the borrower repays the loan after 8 ​years

PV = $150

n = 8

r =  9.9​%

P/yr = 1

Pmt = $0

FV = ?

Using a financial calculator, FV = $319.2073

The amount that will be due if the borrower repays the loan after 2 ​year is $319.21.

4 0
2 years ago
When the market rate is 8%, a company issues $50,000 of 9%, 10-year bonds and pay interest semiannually for a selling price of $
Gre4nikov [31]

Answer:

casate conmigo cikitita

Explanation:

marry me little girl

6 0
2 years ago
Brainden Inc. is a multinational company that primarily provides ideas for business improvements, marketing, and promotions. The
nirvana33 [79]

Answer:

C. Job Satisfaction

Explanation:

Job satisfaction has to do with a measure of how content an employee is with his job. It has to do with the degree of contentment that an employee derives from a job. It satisfies the question of whether or not an employee likes the job he's doing. Company's and organizations thrive to provide high level of job satisfaction for their employees. This is because with high level of job satisfaction comes increase in the productivity level. Various factors affect job satisfaction including nature of job, pay and so on. In this case, Brainden tries to increase job satisfaction by providing cross training for their employees.

3 0
3 years ago
Read 2 more answers
What happens when you do not make a decision?
Leona [35]
You never decide bewteen whatever the 2 things were
8 0
3 years ago
Read 2 more answers
Dombey's "heavy gold watch chain" and "trim blue coat" suggest that A) he is a humble man of the people. B) he once belonged to
Katena32 [7]
The answer would be D. Think of his nice clothing and gold. This shows that this person has a lot of money, showing success.
4 0
3 years ago
Read 2 more answers
Other questions:
  • Glubert corp., an adhesive manufacturing company, makes a deal with an insurance company to provide its employees with life insu
    9·1 answer
  • Maurice can drive or fly from Jacksonville, Florida to Atlanda, Georgia, for a one-day business trip. If he drives, he will be a
    13·1 answer
  • Read each scenario and pick the statement that matches it.
    10·1 answer
  • The management of Nebraska Corporation is considering the purchase of a new machine costing $490,000. The company's desired rate
    10·1 answer
  • How much should you pay for a share of stock that offers a constant growth rate of 13%, requires a 18% rate of return, and is ex
    12·1 answer
  • As owner of a retail franchise food store, Mary Grey purchases supplies based on specials advertised nationally throughout the f
    9·1 answer
  • Cheryl wants to have $2,000 in
    13·1 answer
  • Difference between seasonal and off seasonal vegetable farming​
    7·1 answer
  • g you are asked to determine, other things equal, the effects of a given change in a determinant of demand or supply for product
    11·1 answer
  • Notes Receivable differ from Accounts Receivable in that Notes Receivable: Multiple Choice generally charge interest from the da
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!