Reference no: EM132172091
Problem - Please provide a journal entries for the following and explained step by step of the accounts that's affected by the transactions.
Jan.1 Stockholder invest $40,000 in cash in starting a real estate office operating as a corporation
Jan. 15 Real estate commissions billed to clients amount to $4,000
Please explain very detailed
1. If total liabilities decreased by $75,000 and stockholders' equity increased by $15,000 during a period of time, then total assets must change by what amount and direction during that same period?
a. $60,000 decrease
b. $60,000 increase
c. $75,000 increase
d. $90,000 increase
2. As of January 1, 20XXX, Grandma M's Homemade Ice Cream Shop had a balance and its retained earning account of $20,000. During the year Grandma M's had revenue of $100,000 and expenses of $105,000. In addition the business paid cash dividends of $2,000. What is the balance in Retained Earnings at December 31, 20XX for Grandma M's Homemade Ice Cream Shop?
a. $23,000
b. $13,000
c. $17,000
d. $27,000
What can be the lean based performance indices
: What can be the Lean based performance indices for the following departments:
|
Writing the feasibility study topic and area of interest
: Writing the Feasibility Study Topic and Area of Interest. The Paper: 1. Must be one to two double-spaced pages in length, excluding the title and reference page
|
Internal-external customers for these library transactions
: Identify internal and external customers for these the Library transactions.
|
Process value mapping and value stream mapping
: What are the difference between Process value mapping and Value Stream Mapping based improvement steps?
|
What is the balance in retained earnings at december
: What is the balance in Retained Earnings at December 31, 20XX for Grandma M's Homemade Ice Cream Shop
|
Why is this study of particular interest to you
: What type of applied research study have you selected (e.g., program evaluation or policy analysis)? Why is this study of particular interest to you?
|
Who is affected by the problem you selected
: Conduct research on that topic, finding at least two credible sources, and provide background information about your topic. What is the topic?
|
Compute the differential effect on income for new machine
: Starling Co. is considering disposing of a machine with a book value of $21,200, The differential effect on income for the new machine for entire five years is
|
What should your weekly gross earnings be
: You are a $15 per hour, non-exempt, clerical employee of the ABC Company. Your office hours are from 8.00 AM to 5.00 PM, however, since your husband must drop.
|