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marin [14]
3 years ago
13

During 2017, its first year of operations as a delivery service, Concord Corporation entered into the following transactions:

Business
1 answer:
Natasha2012 [34]3 years ago
3 0

Answer:

Concord Corporation

Transaction Assets = Liabilities + Stockholders' Equity

1   Assets (Cash +$181,000) = Liabilities + Stockholders' Equity (Common Stock +$181,000)

2  Assets (Cash +$54,000) = Liabilities (Bonds Payable +$54,000) + Equity

3  Assets (Delivery Trucks +$60,000, Cash - $60,000) = Liabilities + Equity

4  Assets (Cash + $17,000, Accounts Receivable -$17,000) = Liabilities + Equity

5  Assets (Supplies + $5,800) = Liabilities (Accounts Payable +$5,800) + Equity

6  Assets (Cash - $4,800) = Liabilities + Equity (Retained Earnings -$4,800)

7  Assets (Accounts Receivable + $11,000) = Liabilities + Equity (Retained Earnings + $11,000)

8  Assets (Cash - $29,300) = Liabilities + Equity (Retained Earnings + $29,300)

9 Assets (Cash - $10,700) = Liabilities + Equity (Retained Earnings + $10,700)

Explanation:

In accordance with the accounting equation, Assets are always equal to Liabilities + Equity with each given business transaction.  The accounting equation reflects the double-entry system of accounting.  It shows that two or more accounts are involved in any transaction and each transaction that is properly recorded keeps the equation in balance at all times.

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A firm has a market value of equity of $50,000. It borrows $12,500 at 7%. If the unlevered cost of equity is 18%, what is the fi
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Martha's current marginal utility from consuming orange juice is 75 utils per ounce and her marginal utility from consuming coff
vekshin1

Answer:

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Martha's currently receiving 75 utils per ounce

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