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
USPshnik [31]
3 years ago
6

For each transaction:

Business
1 answer:
Molodets [167]3 years ago
6 0

Answer:

I prepared an excel spreadsheet to show how these transactions affect the accounting equation:

a. On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $75,000 in cash along with equipment having a $35,000 value.

Dr Cash (101) 75,000

Dr Equipment (167) 35,000

    Cr D. Tyler, Capital (301) 110,000

b. On May 21, Elegant Lawns purchases office supplies on credit for $380.

Dr Office Supplies (124) 380

    Cr Accounts Payable (201) 380

c. On May 25, Elegant Lawns receives $8,300 cash for performing landscaping services.

Dr Cash (101) 8,300

    Cr Landscaping Revenue (403) 8,300

d. On May 30, Elegant Lawns receives $1,500 cash in advance of providing landscaping services to a customer.

Dr Cash (101) 1,500

    Cr Unearned Landscaping Revenue (236) 1,500

Cash (101)                            Equipment (167)

debit         credit                 debit         credit

75,000                                35,000

8,300

<u>1,500                    </u>

84,800

Office Supplies (124)          Accounts Payable (201)

debit         credit                 debit         credit

380                                                       380

Landscaping Revenue (403)  Unearned Landscaping Revenue (236)

debit         credit                      debit         credit

                 8,300                                       1,500

D. Tyler, Capital (301)

debit         credit  

                110,000

Download pdf
You might be interested in
Snowberry Corporation had a net increase in Retained Earnings of $182,000 for the year. The corporation also paid $56,000 of cas
Zolol [24]

Answer:

$232,400

Explanation:

Data provided

Net increase in Retained Earnings = $182,000

Dividend declared for the year = $50,400

The computation of net income for the current year is shown below:-

Net income for the current year = Net increase in Retained Earnings + Dividend declared for the year

= $182,000 + $50,400

= $232,400

Therefore for computing the net income for the current year we simply added the net increase in retained earning with dividend declared for the year.

6 0
2 years ago
Which of the following situations could cause a budget deficit for the federal government?
Sindrei [870]
The answer is letter C. There is a recession. It is a temporary economic decline when trade and business activities are lessened which leads to the GDP of the country to reduce in numbers. If the decline would last for at least 6 months, this will cause a major impact on the real GDP,
7 0
3 years ago
Read 2 more answers
Marianna has been returning from her lunch break 30 minutes late for the past 2 weeks. When her manager confronts her about it,
Arisa [49]

Answer:

d. Has the company applied its rules, orders, and penalties evenhandedly and without discrimination to all employees?

Explanation:

The seven tests for Just Cause are the following:

  1. Adequate warning
  2. Reasonableness
  3. Completeness of investigation
  4. Objectivity of investigation
  5. Proof of infraction
  6. Uniformity of the rules application (option D refers to this specific Just Cause test)
  7. Reasonableness of discipline.

The Just Cause tests are used to determine if any disciplinary or termination action was fair, and not just because the employer or supervisor wants to.

7 0
2 years ago
How did bosses and political machines control city governments?
inessss [21]

Bosses and political machines controlled the city governments using intimidation. Bribery and corruption were used and Assassinations happened. labor unions formed to control the local governments.

Explanation:

During the late 1800s, city bosses commonly assumed control over city governments. They did not gain power legally, and the bosses were not elected to office. They used blackmail and bribery to convince legal city officials to grant favors to and to follow the wishes of the city bosses.

Political machine, in U.S. politics is a party organization, headed by a single boss or a small autocratic group, that commands enough votes to maintain political and administrative control of a city, county, or state. Examples of such Political machine is Tammy Hall in New York city which provided housing facility to the immigrants and gained their loyal support.

8 0
2 years ago
6) Find the smallert number by
VARVARA [1.3K]

Answer:

2

Explanation:

because two is the second smallest place number.

4 0
2 years ago
Other questions:
  • Griffen Corporation uses a standard costing system. Information for the month of May is as follows: Actual manufacturing overhea
    6·1 answer
  • Are used to describe the basic characteristics of study populations and other data sources.
    13·1 answer
  • A company has 150 employees, each working 40 hours per week and earning $11 an hour. Although the company does not pay any healt
    10·2 answers
  • John sat down with the project sponsor to gather information needed before drawing up the project plan. He knew the budget, the
    14·2 answers
  • Roma and Swain are partners in Roma &amp; Swain Attorneys, LLP, a limited liability partnership. Roma supervises their firm's as
    13·1 answer
  • AllSpice Incorporated plans to do business with a company located in the Leone Republic, a common law country. The companies hav
    12·1 answer
  • Baseball Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,600. Budgeted cash rec
    6·1 answer
  • An organization has experienced significant turnover among its creative writers. During exit interviews, the writers have expres
    10·1 answer
  • How to make decimal into scientific number?<br>i.g: 4.579×106​
    9·1 answer
  • Free cash flow (FCF) and net income (NI) differ in the following ways:
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!