Solution-Determine how much stockholders equity increased

Determine how much stockholders equity increased for month

Assignment Help Accounting Basics

Reference no: EM132476410

A tabular analysis of the transactions made during August 2022 by Oriole Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained.

		Assets		Liabilities	Stockholders' Equity
	Cash	+ A/R	Supp. +	Equip. = Accounts Payable + Common Stock +	Retained Earnings
					Revenues - Expenses		Dividends
1. 2.	520,100 -1,000			520,100 55.000 54,000
	-850		5850
4.	3,300	56,200			$9.500		Serv. Rev.
5.	-2,000			2.000
6.	-2,600						-52,600
7.	-840					5840	Rent Exp.
8.	510	-510
9.	-2,500					-2,500	Salar. Exp.
10.						-210	Uti I. Exp.

Question 1: Determine how much stockholders' equity increased for the month.

Question 2: Compute the net income for the month.

Reference no: EM132476410

Questions Cloud

Is gdp a good indicator of a country wealth : What are the top 10 GDP/capita countries in the world? Please find the latest numbers. How does Canada and the USA rank in terms of GDP/capita?

What amount of the gain or loss on the transaction : Depreciation of $260,000. Depreciation has been recorded up to the end of the year. What is the amount of the gain or loss on this transaction?

How long can japan current account remain in a surplus : How long can Japan's current account remain in a surplus? What effects did the Asian crisis have on Japan?

Construct graphical analysis of the market activity : Scenario 1: I am having quite a few issues throughout the various departments of my store, and I am hoping you can give me your expert advice.

Determine how much stockholders equity increased for month : Tabular analysis of the transactions made during August, Determine how much stockholders' equity increased for the month. Compute the net income for the month.

Determinants of long-run economic growth : How do we measure long-term economic growth of a country? What are the key determinants of long-run economic growth?

Offshore outsourcing for systems development projects : What are the three main criteria that should be considered in choosing a suitable candidate? Why has India become a top choice for IT outsourcing?

Traditional systems development approach : Identify two companies that have been using crowdsourcing as an alternative to a traditional systems development approach.

What specific advantages has soa offered these companies : Identify two companies that have been using SOA as a systems development methodology. What specific advantages has SOA offered these companies?

User Account

All Pages

Determine how much stockholders equity increased for month

Reference no: EM132476410

Reference no: EM132476410

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT