Reference no: EM132967082
Question - On August 31, the balance sheet of Concord Veterinary Clinic showed
Cash $12,000, Accounts Receivable $4,700, Supplies $600, Equipment $6,000, Accounts Payable $6,600, Common Stock $15,800, and Retained Earnings $900. During September, the following transactions occurred.
-Paid $2,600 cash for accounts payable due.
-Collected $1,850 of accounts receivable.
-Purchased additional equipment for $2,350, paying $750 in cash and the balance on account.
-Performed services worth $8,650, of which $1,900 is collected in cash and the balance is due in October.
-Declared and paid a $1,700 cash dividend.
-Paid salaries $1,700, rent for September $1,000, and advertising expense $150.
-Incurred utilities expense for month on account $300.8.Received $14,000 from Capital Bank on a 6-month note payable.(a) Some of the new entries may impact the last attempt grading.
Required - Prepare a tabular analysis of the September transactions beginning with August 31 balances. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)
|
What be number of common shares outstanding for lad corp
: Lad Corp had 10,000 shares of common stock outstanding on January 1, 2010. What should be the number of common shares outstanding at the end of 2010?
|
|
Describe a business transaction
: Question - Describe a business transaction. What are the different types of accounts a company uses? Discuss with examples
|
|
What is philosophy on leadership
: Our "business" is a Pizza Parlor. What is your philosophy on leadership?
|
|
What is the balance of treasury stock after may for la
: La. issued 10,000 shares of common stock on January 1, 2010 for $50,000. What is the balance of treasury stock after May 15, 2010?
|
|
Prepare a tabular analysis of the September transactions
: -Paid $2,600 cash for accounts payable due. Prepare a tabular analysis of the September transactions beginning with August 31 balances
|
|
Conscious and unconscious biases into the workplace
: We all bring both conscious and unconscious biases into the workplace. While many companies have diversity programs, some managers still lack the necessary skil
|
|
What is balance of accumulated depreciation for mary corp
: Mary Corp. purchased a machine on January 1, 2010 for $50,000. What is the balance of accumulated depreciation for this machine at the end of 2013?
|
|
How do environmental policies affect business ethics
: How do environmental policies affect business ethics?
|
|
Journalize the transactions and post the transactions
: Journalize the transactions and post the transactions - November 14 Purchased beauty salon supplies from D'Panots for cash, P3,000
|