Jose Loder established Bronco Consulting on August 1, 20Y1. The effect of each transaction and the balances after each transaction for August follow: Assets = Liabilities + Stockholders' Equity Accounts Accounts Common Fees Salaries Cash + Supplies Rent Auto Supplies Misc. Receivable %3D Payable Stock Dividends + Earned Expense Expense Expense Expense Expense a. +22,740 +22,740 b. +1,980 +1,980 Bal. 22,740 1,980 1,980 22,740 C. +22,290 +22,290 Bal. 45,030 1,980 1,980 22,740 22,290 d. -6,100 -6,100 Bal. 38,930 1,980 1,980 22,740 22,290 -6,100 e. -960 -960 Bal. 37,970 1,980 1,020 22,740 22,290 -6,100 f. +15,700 +15,700 Bal. 37,970 15,700 1,980 1,020 22,740 37,990 -6,100 g. -4,320 -2,960 -1,360 Bal. 33,650 15,700 1,980 1,020 22,740 37,990 -6,100 -2,960 -1,360 h. -9,100 -9,100 Bal. 24,550 15,700 1,980 1,020 22,740 37,990 -9,100 -6,100 -2,960 -1,360 1. -1,100 -1,100 Bal. 24,550 15,700 880 1,020 22,740 37,990 -9,100 -6,100 -2,960 -1,100 -1,360 J. -5,700 -5,700 Bal. 16,850 15,700 880 1,020 22,740 -5,700 37,990 -9,100 -6,100 -2,960 -1,100 -1,360 Required:

Jose Loder established Bronco Consulting on August 1, 20Y1. The effect of each transaction and the balances after each transaction for August follow: Assets = Liabilities + Stockholders' Equity Accounts Accounts Common Fees Salaries Cash + Supplies Rent Auto Supplies Misc. Receivable %3D Payable Stock Dividends + Earned Expense Expense Expense Expense Expense a. +22,740 +22,740 b. +1,980 +1,980 Bal. 22,740 1,980 1,980 22,740 C. +22,290 +22,290 Bal. 45,030 1,980 1,980 22,740 22,290 d. -6,100 -6,100 Bal. 38,930 1,980 1,980 22,740 22,290 -6,100 e. -960 -960 Bal. 37,970 1,980 1,020 22,740 22,290 -6,100 f. +15,700 +15,700 Bal. 37,970 15,700 1,980 1,020 22,740 37,990 -6,100 g. -4,320 -2,960 -1,360 Bal. 33,650 15,700 1,980 1,020 22,740 37,990 -6,100 -2,960 -1,360 h. -9,100 -9,100 Bal. 24,550 15,700 1,980 1,020 22,740 37,990 -9,100 -6,100 -2,960 -1,360 1. -1,100 -1,100 Bal. 24,550 15,700 880 1,020 22,740 37,990 -9,100 -6,100 -2,960 -1,100 -1,360 J. -5,700 -5,700 Bal. 16,850 15,700 880 1,020 22,740 -5,700 37,990 -9,100 -6,100 -2,960 -1,100 -1,360 Required:

Name: Jose Loder established Bronco Consulting on August 1, 20Y1. The effec
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Description: Jose Loder established Bronco Consulting on August 1, 20Y1. The effect of each transaction and the balances after each transaction for August follow:Assets= Liabilities +Stockholders' EquityCashAccountsAccountsCommonFeesSalariesRent+ Supplies =Divid

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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