Reference no: EM133030890
Question - Yard Professionals Inc. experienced the following events in 2018, its first year of operation:
1. Performed counseling services for $24,500 cash.
2. Purchased $4,600 of supplies on account.
3. A physical count on December 31, 2018, found that there was $1,030 of supplies on hand.
Required - Based on this information alone:
1. Record the events under an accounting equation.
2. Prepare an income statement, balance sheet, and statement of cash flows for the 2018 accounting period.
3. What is the balance in the Supplies account as of January 1, 2019?
4. What is the balance in the Supplies Expense account as of January 1, 2019?
|
What is the critical path of network
: Given the following activities, predecessors, and times, draw a critical path/ network diagram.
|
|
Determine the contribution margin per unit sold
: Kogler Corporation's relevant range of activity is 7,000 units to 11,000 units. Determine the contribution margin per unit sold
|
|
What is the most important advice
: What is the most important advice you have for using email in the workplace? Be sure to use two different conjunctions.
|
|
What is canadian job market
: What is Canadian job market in breif and how to get high position job?
|
|
Record the events under an accounting equation
: A physical count on December 31, 2018, found that there was $1,030 of supplies on hand. Record the events under an accounting equation
|
|
Philosophy on risk between medicare and managed care
: Fill all components of the grid utilizing course readings, lesson content and by researching the three plans.
|
|
What is the firm component cost of the preferred stock
: A firm's preferred stock currently sells for $90 per share and pays a dividend of $10 per share. What is the firm component cost of the preferred stock
|
|
Compute victory accumulated earnings tax
: Compute Victory's accumulated earnings tax assuming that it had accumulated $143,000 after-tax income in prior years
|
|
Scenario analysis assessment
: Analyse the information contained in general purpose financial statements, to evaluate the overall financial position and performance of a business
|