action Analysis: Debit and Credit Rules Chap APPLY WHAT YOU HAVE LEARNED 2-1. Accounting equation. Use the following table to show the effects of transactions 1-10. Use+ or – and the dollar amount to show the effects. If a transaction affects only one cell, show the dollar amount and both + and -. The transactions describe events for Copymaster Corporation, a photocopying business. Assets Liabilities 1. 000 Equity t 5060 2. 5. 6. 7. 8. 9. 10. 1. Shareholders invested $5,000 cash to begin the business. 2. Copymaster bought a copying machine for $1,500 cash. 3. Copymaster sold copies to customers for $500 cash. 4. Copymaster produced copies for Fellows Corporation, its customer. The total sale amount was $1,200. Copymaster agreed to bill Fellows for the sale at the end of the month. bloe 5. Copymaster paid employees $600. 6. Copymaster bought supplies for $300. 7. Copymaster paid rent of $700. 8. Copymaster paid utilities of $200. 9. Copymaster bought office furniture for $500. 10. Copymaster had an unpaid phone bill at month-end for $100. low bo gid leil ati bisg noalost 101 2-720u aiucels bisgou e bad Hid s dino 31 3. 4.

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Courses =HCS380 Week 1 Terminology Matching Accounts Receivable Terminology Matching Note Payable Bonds Payable Common Stock Income Statement Balance Sheet Retained Earnings Statement Statement of Cash Flow Basic Accounting Equation multimedia.phoenix.edu Annual Report View Assessment HCS/380: Week 1 - Terminology Matching - Academic Resources Owed to a bank for the money borrowed Bill customer/patient for services HCS Debt securities sold to investors that must be repaid at a particular date in the future A AOL PASSV REQUIRED Enter your password for "kaylakı Accounts. Prepared by corporate management to present financial information, management discussion, notes, and auditor's report Used by creditors to determine if they will be paid Assets Liabilities+Stockholder's Equity Used by creditors and investors to analyze the organization's cash position Used by investors to evaluate the organization's history of paying high dividends The total amount paid in by stockholders for the share…

ABC Company has the following T Account at the end of the year: Post to T-Acct (aka Ledger) Asset Cash Liability + C/ stock - Dividend + Acct Payable Commonstah Dividend Revenue 30,000 1,000 500 Common stah Dividend Service Revenue 30,000 480 Expense Rent expense 41000 500 15,000 4,000 5,000 15,000 480 Travel expense 1,000 Insurance expense 5,000

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In the columns Below insert the entry that would be made for each transaction under each accounting basis use an appropriate debit and credit account titles

2. Which of the following on a Balance Sheet would cause concern for you? Use the sample Balance Sheet provided   Notes & Comments Current Assets     10350 Bank Chequing $75,992   10857 Visa Credit Card -$226   12000 Accounts Receivable $21,296   13500 Inventory Assets $27,791   14990 Hold Backs -$275   Total Current Assets $124,578     Liabilities & Equity     20000 Accounts Payable $22,063   22100 Unapplied Cash $8,716   29300 Shareholder Loan $24,410   35600 Retained Earnings $52,416   Net Icome (Current Year) $16,873   Total Liabilities & Equity $124,478

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Can you please help me with this ? 1-7 Enter it in the boxes and show me how to