(Learning Objective 3: Analyze the impact of business transactions on accounts)The following selected events were experienced by either Smith Eldercare Services, Inc., acorporation, or Tony Smith, its major stockholder. State whether each event (1) increased,(2) decreased, or (3) had no effect on the total assets of the business. Identify any specific assetaffected.a. Paid $400 cash on accounts payable.b. Made a cash purchase of land for a building site for the business, $89,000.c. Sold land and received cash of $69,000 (the land was carried on the company’s books at$69,000).d. Received $15,400 cash from customers on account.e. Purchased medical equipment and signed a $90,000 promissory note in payment.f. Purchased a flat-screen TV for Smith’s home.g. Paid Smith a cash dividend of $4,000.h. Purchased office supplies on account for $1,200.i. Borrowed $62,000 from the bank for use in the business.j. Received $12,000 cash and issued stock to a stockholder.

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…

Here is question The purpose of this assignment is for you to demonstrate your ability to record business transactions and then prepare a properly formatted income statement and balance sheet. The one additional requirement is that you answer the questions that you find below. Questions to be answer 1. What is the company's ending Cash balance? What is the company's ending Equity? Why is cash not equal to equity? 2. What is the company's net income for the period? 3. If you had to repay your creditors today, could you? Explain. 4. The company made a small amount of net income over the month. Explain why the equity actually decreased over the period. 5. You have recorded journal entries for the period of a month. If you were told that the business license in T12 was a annual expense, would this impact the reported net income? Explain why or why not.

The following provides a list of transactions and a list of business activities.Transactions Business                                               Activities1. _________Borrow from the bank.                               a. Financing2. _________Provide services to customers.                   b. Investing3. _________Issue common stock to investors.              c. Operating4. _________Purchase land.5. _________Pay rent for the current period.6. _________Pay dividends to stockholders.7. _________Purchase building.Required:Match the transaction with the business activity by indicating the letter that corresponds to the appropriate business activity.

what student learns about The Accounting Cycle Advanced Accounting for Assets Partnerships and Corporations Financial Analysis and Decision Making

Which one of the following transactions can immediately improve the Debt to Total Assets Ratio?   A Receive $5,200 cash for services provided and recorded before. B Provide services and receive $5,000 cash. C Adjust for the consumption of supplies after the annual stocktake. D Purchase Vehicle for $6,000 on credit. E Pay $2,300 annual insurance premium.