Reference no: EM13755665
The following cash transactions took place during March, the first month of business for Cats and Dogs Company:
1. D.C. Dawg started a business, Cats and Dogs Company, by contributing $6,000.
2. The Cats and Dogs Company borrowed $2,000 from the bank on March 1. The note is a 1-year, 12% note, with both principal and interest to be repaid on February 28 of next year.
3. The company earned $900 in revenue.
4. Expenses amounted to $650.
5. Distributions to owners amounted to $25.
You are to complete the following tasks:
1. Show how each cash transaction affects the accounting equation.
2. Give one additional piece of information related to the transaction that could be recorded in an information system for a purpose other than the financial statements.
3. Prepare the four basic financial statements for the month of March.
Deliverable Length: 1-2 pages
|
Write an essay on the impact of religious reform movements
: Write an essay on The impact of religious reform movements in Christianity and Islam.
|
|
Prepare the amortization schedule
: Using Excel, prepare the amortization schedule and then record all required journal entries that would be made by Barker on the following dates (a) December 31, 2014 (b) March 31, 2015; (c) June 30, 2015; (d) September 30, 2015; and (e) December 3..
|
|
Write an essay on scientific revolution occur in europe
: Write an essay on scientific revolution occur in Europe rather than in china or islamic world.
|
|
Explain transatlantic slave trade impact on europe
: Explain Transatlantic slave trade impact on Europe versus the slaves in African societies. In the first part of this course, the Early Modern Era (1450-1750), one of the main themes is the beginnings of globalization.
|
|
Additional piece of information
: Give one additional piece of information related to the transaction that could be recorded in an information system for a purpose other than the financial statements.
|
|
A british physician who was pioneer in reducing deaths
: 8. John Lister (for whom Listerine is named) was a British physician who was pioneer in reducing deaths of surgical patients from infections. He suspected that bacteria were involved in transmitting infection, so he tried using carbolic acid as an op..
|
|
Estimate the difference between the proportion of population
: Estimate the difference between the proportion of the population of low birth weight children and the proportion of the population of normal birth weight children who graduate from high school. Report a standard error for your estimate.
|
|
Key considerations in a risk management plan
: A plan must be developed from theory to practice. Assume you are starting a business. Describe the product or service provided, and the key considerations in a risk management plan for this business.
|
|
What is the purpose of a performance management system
: Appraising employee performance on a regular basis has an important influence on an employee’s performance. Coaching is an ongoing task that gives employees instruction and suggestions. Promotion of employees is generally based on recognition of past..
|