A tabular analysis of the transactions, Accounting Basics

Assignment Help:

A tabular analysis of the transactions made during August 2010 by Witten Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained.


Assets

=
Liabilities

+
Stockholders' Equity


Cash

+
Accounts Receivable

+
Supplies

+
Office Equipment

=
Accounts Payable

+
Common Stock

+
Retained Earnings


Rev.

-
Exp.

-
Div.


1. $20,000 $20,000 Com. Stock
2. -1,000 $5,000 $4,000
3. -750 $750
4. 4,400 $5,400 $9,800 Serv. Rev
5. -1,500 -1,500
6. -2,000 -2,000 Div.
7. -800 -800 Rent Exp.
8. 450 -450
9. -3,000 -3,000 Sal. Exp.
10. 500 -500 Util. Exp.
Determine how much stockholders' equity increased for the month.


Related Discussions:- A tabular analysis of the transactions

Final accounts, stpes to be taken prepaing for final accounts

stpes to be taken prepaing for final accounts

What do you mean by contingent liabilities, Q. What do you mean by Continge...

Q. What do you mean by Contingent liabilities? Contingent liabilities -- liabilities which are not recorded on a company's financial reports though whichmight become due. If a

Classified income statement, Q. Explain about Classified income statement? ...

Q. Explain about Classified income statement? An unclassified income statement has merely two categories revenues and expenses. In contrast a classified income statement divide

Contract Account, contractee account is it an assets account or expenses Ac...

contractee account is it an assets account or expenses Account

Over time , What if the public holiday falls on a rest day? how to pay and ...

What if the public holiday falls on a rest day? how to pay and which one is?

Uses of technology in accounting, Q. Uses of technology in accounting? ...

Q. Uses of technology in accounting? The computers of persons in a given building or department are frequently connected in a Local Area Network (LAN). These persons are able t

Explain what is meant by business, Business is an activity performed with t...

Business is an activity performed with the only intention of earning profit. The activity may differ according to the scope and volume.

Explain the purpose and objective of accounting, Weekly tasks or assignment...

Weekly tasks or assignments (Individual or Group Projects) will be due by Monday and late submissions will be assigned a late penalty in accordance with the late penalty policy fou

What are your co-workers like, They are likely to tests for tact, diplomacy...

They are likely to tests for tact, diplomacy, and with descriptive skills.

High-fiber diet for diverticular disease, Q. High-fiber Diet for diverticul...

Q. High-fiber Diet for diverticular disease? For mild symptoms, a clear liquid diet is recommended. More serious cases may require hospitalization, intravenous feeding to rest

Write Your Message!

Captcha
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