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
xenn [34]
3 years ago
8

The following transactions were completed by the company a. The owner invested $19,000 cash in the company in exchange for its c

ommon stock. b. The company purchased supplies for $1,500 cash c. The owner invested $12,000 of equipment in the company in exchange for more common stock. d. The company purchased $400 of additional supplies on credit. e. The company purchased land for $11,000 cash Required Enter the impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a minus sign.) Assets Liabilities+ Accounts Equity CommonD Cash +Supplies + Equipment+ Land Dividends Revenue +Revenue Expenses Payable Stock $19,000+ Bal 19,000 Bal 19,000 + Bal 19,000 + 0 Bal 19,000 + 0
Business
1 answer:
satela [25.4K]3 years ago
4 0

Answer:

                      ASSETS                               = LIABILITIES     +  EQUITY  

<u>cash</u>        <u>supplies</u>       <u>equip.</u>        <u>land</u>     =  <u>acc. payable common stock</u>

19,000                                                                                       19,000

-1,500     1,500

                                    12,000                                                  12,000

               400                                                400

<u>-11,000                                           11,000                                                      </u>    

6,500      1,900           12,000       11,000  = 400                     31,000

Explanation:

Dr cash 19,000

    Cr common stock 19,000

Dr supplies 1,500

    Cr cash 1,500

Dr equipment 12,000

    Cr common stock 12,000

Dr supplies 400

    Cr accounts payable 400

Dr land 11,000

    Cr cash 11,000

You might be interested in
What is the main advantage of having a skill set with a high market value?
MrRa [10]
B. Employers are willing to pay more for those skills.
4 0
2 years ago
Commercial banks create money throughmaking loans. facilitating borrowing from the Federal Reserve to the public. printing treas
Butoxors [25]

Answer:

making loans

Explanation:

Commercial bank is the bank where the most of the people do their banking. Here the money is to be provided and the interest is also earned from such loans like mortgage, auto loans, business loans, personal loans, etc

Therefore as per the given situation, the commercial bank would earned by the money by providing the loans or making the loans

Hence, the first option is correct

7 0
2 years ago
How do horizontally organized companies differ from traditionally organized companies
GenaCL600 [577]

Horizontally organised companies do not have a strict hierarchy of posts with increasing importance and allow more freedom to the employees.

Explanation:

Horizontally organised companies function very differently from traditional companies as the traditional structure is a pyramidal vertical structure.

<u>In this structure people at the top are few and are at higher  positions and issue orders which are distributed by managers to employees.</u>

<u>In the horizontal structure the managers are taken out of play and even the employees make important decisions for the company.</u> This allows for greater morale and freedom but can only work for small and medium sized businesses in certain niches.

7 0
3 years ago
Florence is a highly paid fashion consultant who earns $100 per hour. She has 16 hours per day that she can allocate to work or
Dmitry_Shevchenko [17]

Answer:

Please see attachment

Explanation:

Please see attachment

8 0
3 years ago
When Natasha took over as facilities manager for Burlington Furniture Manufacturing, she was shocked to see the factory was stil
rosijanka [135]

Answer:

The correct word, that fills the gap is: New buy.

Explanation:

  • Direct repurchase: it is a shopping situation in which the purchasing department repeats orders routinely. The buyer chooses among the suppliers that appear on an "approved list". "Excluded suppliers" will try to take advantage of inefficiencies or dissatisfactions with respect to Current suppliers.
  • Modified repurchase: it is a situation in which the buyer wants to modify the product specifications, prices, delivery requirements or other conditions; In general, it involves additional participants in the decision by both parties. New task: it is a purchase situation in which a buyer acquires a product or service for the first time (building, security system).

New homework purchases have several stages: awareness, interest, evaluation, trial and adoption.

  • The industrial buyer: It makes the least number of decisions in the situation of direct repurchase and the largest, in the situation of new task. This is the biggest opportunity and the biggest challenge for the marketing people, which tries to reach as many key influencers as possible and provide useful information and help. Due to the complexity of the sales work, many companies use a missionary sales force composed of their best sellers.
6 0
3 years ago
Other questions:
  • On January 2, 20X1, Schneider Company issues $100,000 of 6% bonds. Interest of $3,000 is payable semi-annually on June 30 and De
    14·1 answer
  • Multinational companies (MNCs) have found that cross-functional coordination results in people spending more time within their f
    6·1 answer
  • rabapples, Inc. purchases and sells boxes of dried fruit. The following information summarizes its operating activities for the​
    12·1 answer
  • Current liabilities are obligations that are reasonably expected to be paid from Existing Creation of Other Current Assets Curre
    15·1 answer
  • When referring to student loans, what is a grace period?
    14·1 answer
  • An economy produces final goods and services with a market value of $10,000 billion in a given year, but only $8,500 billion wor
    7·1 answer
  • In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. T
    7·1 answer
  • The Body Shop, Timberland, and Patagonia behave in environmentally responsible ways that differentiate them from competitors, bu
    10·1 answer
  • an artist brought a breach of contract claim against a museum...what effects will the dismissal order have
    13·1 answer
  • The owner of a national software company has been watching current economic information for the past two quarters and a rapid ri
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!