42. Make T-accounts for the following general ledger accounts of Mighty Movers, which began business on January 1, 2019: Cash; Accounts Receivable; Supplies; Equipment; Accounts Payable; Notes Payable; Common Stock; Dividends; Moving Fees Earned; Salaries Expense; Rent Expense; and Utilities Expense. Record the following January 2019 transactions in the accounts and key each entry with the transaction number. Shareholders purchased $270, 000 in stock. (1) Paid rent for the month, $3,300. (2) Purchased equipment for $90,000, giving a note payable for $90,000 (3) Purchased supplies on account, $15,000. Billed clients for services rendered, $57,000. (4) (5) (6) Paid salaries for the month, $23,400. Paid $12,000 on account for supplies purchased in transaction (4). (7) Collected $26,100 from clients previously billed. (8) Paid utilities for the month, $1,470 (9) (10) Paid $17,400 cash dividends.

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Assume that Lululemon Athletica Inc. reported the following summarized data at December 31, 2020. Accounts appear in no particular order. Revenues: $275, Other Liabilities: $38, Other assets: $101, Cash and other Current assets: 53, Accounts Payable: $5, Expenses: $244, Shareholder's equity: $80. Prepare the Trail Balance of Lululemon at December 31,2020. List the accounts in proper order, as shown on "in class" practice. How much was Lululemon's net income or net loss?

The December 31, 2021, balance sheet of Chen, Incorporated, showed $140,000 in the common stock account and $2,650,000 in the additional paid-in surplus account. The December 31, 2022, balance sheet showed $150,000 and $2,950,000 in the same two accounts, respectively. The company paid out $145,000 in cash dividends during 2022. What was the cash flow to stockholders for the year? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Cash flow to stockholders

compute the amount of liabilities for December 31 2018. assets for 2018 119,000. december 2019 assets 113,000. liabilities 70,000.stock issuance 6,500. net income 20,000. cash dividends 11,000.

a) Prepare all the journal entries for the stated transactions  b) Assume that the income for the year is $13,500,000. Prepare a statement of changes in shareholders' equity c) Prepare the shareholders' equity section of the balance sheet at the end of the year

The declaration, record, and payment dates in connection with a cash dividend of $97,000 on a corporation's common stock are October 1, November 7, and December 15. Journalize the entries required on each date. If no entry is required, choose "No Entry Required" and leave the amount boxes blank.