Nature of Transactions Teri West operates her own catering service. Summary financial data for July are presented in equation form as follows. Each line designated by a number indicates the effect of a transaction on the equation. Each increase and decrease in stockholders' equity, except transaction (5), affects net income.   Assets = Liabilities +   Stockholders' Equity   Cash + Supplies + Land = Accounts Payable + Common Stock + Retained Earnings - Dividends + Fees Earned - Expenses Bal. 40,000 3,000 82,000   7,500   50,000   67,500             1. +71,800                       +71,800     2. -15,000   +15,000                         3. -47,500                           -47,500 4.   +1,100     +1,100                     5. -5,000                   -5,000         6. -4,000       -4,000                     7.   -1,500                         -1,500 Bal. 40,300 2,600 97,000   4,600   50,000   67,500   -5,000   71,800   -49,000 What is the amount of the net increase in cash during the month?

The following accounts and balances were drawn from the records of Barker Company at December 31, Year 2: Supplies Cash flow from investing act. Prepaid insurance Service revenue Other operating expenses Supplies expense Insurance expense Beginning common stock Cash flow from operating act. Common stock issued Complete this question by entering your answers in the tabs below. Income Statement Stmt of Changes Use the accounts and balances from Barker Company to construct balance sheet. Assets Total assets Liabilities Required Use the accounts and balances from Barker Company to construct an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows (show only totals for each activity on the statement of cash flows). $ 660 Beginning retained earnings (7,700) Cash flow from financing act. 2,400 Rent expense 77,000 Dividends 44,000 Cash Accounts receivable. Prepaid rent Unearned revenue 7,700 Land 5,900 Accounts payable Balance Sheet BARKER…

21. EMB Consulting Services had the following transactions for the month of November. Journalize the transactions and include an explanation with each entry. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) View the transactions. Nov. 1: The business received $10,000 cash and issued common stock. Accounts and Explanation Date Nov. 1 Issued common stock. Paid advertising expense. Paid cash on account. Paid dividends. Performed services and received cash. Performed services on account. Purchased supplies on account. Received cash on account. Debit Credit Transactions Nov. 1 Nov. 15 Nov. 18 Nov. 20 Nov. 28 The business received $10,000 cash and issued common stock. Purchased supplies on account, $400. Paid advertising bill, $150. Received $1,000 from customers for services rendered. Cash dividends of $500 were paid to stockholders. Print Done X

A summary of selected transactions in ledger accounts appears below for Alberto’s Plumbing Services for the current calendar year-end. Common Stock     1/1 6,870           Retained Earnings 12/31 7,608 12/31 21,781           Dividends 3/30 2,402 12/31 7,608 9/30 5,206     Net income for the period is

Jesse and Mason Fabricating, Inc. general ledger has the following account balances at the end of the year: What is the total ending balance as reported on the company’s Statement of Stockholder’s Equity?

Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity For both the current year and one year ago, compute the following ratios: (1-a) Compute the current ratio for each of the three years. (1-b) Did the current ratio improve or worsen over the three-year period? (2-a) Compute the acid-test ratio for each of the three years. (2-b) Did the acid-test ratio improve or worsen over the three-year period? Required 1A Required 1B Required 2A Required 2B Current Year: 1 Year Ago: 2 Years Ago: Complete this question by entering your answers in the tabs below. Compute the current ratio for each of the three years. Numerator: Current assets Current Year: 1 Year Ago: 2 Years Ago: I Current Year $ 27,733 83,694 104,187 9,115 259,862 $ 484,591 1 1 1…

b. Prepare an income statement, a statement of changes in stockholders' equity, a balance sheet, and a statement of cash flows for Year 3. Complete this question by entering your answers in the tabs below. Reg B Inc Reg B Bal Sheet Req B Stmt Req B Stmt SE Stmt Cash Flows Prepare an income statement for Year 3. (Enter all final answers in whole dollars.) LITTLE GROCERY SUPPLIER (LGS) Income Statement For the Year Ended December 31, Year 3 Expenses Total expenses Operating income

Event Balance 1/1/Year 2 Assets Cash Land 15,000 25,000 BETTER CORP. Accounting Equation Liabilities Notes Payable 12,500 + Better Corp, completed the following transactions during Year 2: 4. Paid cash operating expenses of $41,500. 5. Borrowed $15,000 cash from the bank. 1. Purchased land for $7,500 cash. 2. Acquired $30,000 cash from the issue of common stock. 3. Received $69,000 cash for providing services to customers. Stockholders' Equity Common Retained Stock Earnings 7,500 20,000 6. Paid a $7,500 cash dividend to the stockholders. 7. Determined that the market value of the land purchased in event 1 is $40,000. Accounting Titles for Retained Earnings Required a. Record the transactions in the accounting equation for Year 2. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide the appropriate titles for these accounts in the last column of the table. b. As of December 31, Year 2, determine the total amount of assets, liabilities, and…

Prepare an income statement, and statement of financial position from the data in the images

Use the following transactions of Kit Enterprise to complete the accounting equation as shown in the table. Show totals in the end. (10 marks)Assets = Liabilities + EquityBank£Receivables£Furniture£Equipment£= Creditors£+ Capital, drawings, income, and expenses.£4,000 6,000 2,000 8,000 = 10,000 + 10,000= += += += += +July 2 The owner invests a further £6000 cash in the business.6 The owner further contributes additional equipment for £20,000 to the business.8 New furniture worth £1,000 is purchased on credit.14 A check for £2,500 is paid to a creditor.17 Cash sale of inventory, £400022 Cheque for £3,000 is received from a debtor.27 Cash sale of inventory, £6,00031 Made payments towards the following expenses P Salaries 1000Electricity 200 Sundry expenses 700