How the following business transactions affect elements

Assignment Help Financial Accounting
Reference no: EM13512430

Describe how the following business transactions affect the three elements of the accounting equation.

a. Received cash for services performed.
b. Paid for utilities used in the business.
c. Borrowed cash at local bank.
d. Issued capital stock for cash.
e. Purchased land for cash.

 

Reference no: EM13512430

Questions Cloud

Explain convert the ph of each solution to an equivalent : A student following the procedure in this experiment prepared three solutions by adding 11.50, 23.00, and 34.50 mL of a 7.60 x 10-2M NaOH solution to 50.00 mL of a .112M solution of a weak acide. The solutions were labeled 1, 2, and 3 respectively
Determine the value that should be recorded : Determine the value that should be recorded for the building when it is purchased. Assume a 6 percent annual interest rate.
Prepare all necessary journal entries for roley : Roley paid freight costs of $1,200. On July 3, Roley returned damaged goods and received credit of $6,000. On July 10, Roley paid for the goods. Prepare all necessary journal entries for Roley.
Determine the present value of this investment : Computing a Present Value - An investment will pay $15,000 at the end of each year for eight years and a one-time payment of $120,000 at the end of the eighth year. Determine the present value of this investment using a 7 percent interest rate.
How the following business transactions affect elements : Describe how the following business transactions affect the three elements of the accounting equation.
At what angle would this highway be directed : A highway is to be built between two towns, one of which lies 35.0 km south and 44.0 km west of the other.  at what angle would this highway be directed
Evaluate the present value of investment : Determine the present value of investment using a 10 percent interest rate.
Prepare the entry to record dillons credit sales : Dillons Corporation made credit sales of $30,000 which are subject to 6% sales tax. The corporation also made cash sales which totaled $20,670 including the 6% sales tax.
Find the acceleration of the heavier object : An unspecified force causes a 0.2-kg object to accelerate at 0.4 m/s2. find the acceleration (in m/s2) of the heavier object

Reviews

Write a Review

Financial Accounting Questions & Answers

  Compute the budgeted amounts for 2012 for direct materials

Compute the budgeted amounts for 2012 for direct materials to be used, direct labor, and applied overhead and compute the standard cost of one unit of product.

  What is the new equilibrium price level

What is the new equilibrium price level and level or real output? I need answers with charts

  Compute the net cash provided or used by operating activitie

merchandise inventory increased $18,000; prepaid expenses decreased $6,200; accounts payable increased $3,400. Compute the net cash provided or used by operating activities.

  Questioniguana inc manufactures bamboo picture frames that

questioniguana inc. manufactures bamboo picture frames that sell for 25 each. every frame needs 4 linear feet of bamboo

  Purpose journal entry to record tanner-unf''s investment

Purpose the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2009. and Prepare the journal entry by Tanner-UNF to record interest on December 31, 2009, at the effective (market) rate.

  Create a new myob file for bar stado pty ltd

Create a new MYOB file for Bar Stado Pty Ltd. The following details may assist you with this task.

  What basis of accounting do enterprise

What basis of accounting do enterprise and internal service funds use and Which of the following is  not  a GASB-required statement for proprietary fun

  Review again the current and historical financials

Review again the current and historical financials. Consider that one of the company's key goals in its strategic plan is to exceed revenue of $25 million dollars by the year 2015.

  Compute the irr of the trade in dealyour firm uses a

compute the irr of the trade in deal.your firm uses a manufacturing machine that was purchased 6 years ago. the

  The following data relate to genmet a us based consumer

the following data relate to genmet a u.s. based consumer goods manufacturing firm for the fiscal year ending 31st

  Prepare a reconciliation of the profit

Prepare a cash flow statement using the direct method for operating cash flows and prepare a reconciliation of the profit and cash provided by the operations

  Journalize the transactionsnbsp from the given

journalize the transactionsnbsp from the given information.journalize the following merchandising transactions for csi

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd