1*1 S 4H I *it»g the j>si> nmn|i equation foi tranMition Mwljr«M and preparing financial statement*
\ i k ' , i!s' t* ,ial ha imti law iJfiur. wbnb *hcopcralcs as a u4c
pupr '• p . • • ivnm •>! tHs* ttrw entity b \tiaiu lYufuin Attorney. lYiuvm
•..iv'in' .lining iIk occani/iiig phase of the nrw Intones* id .
i ii . p. i molt. IVsanbcr 2D16. Stwtn of the rwnts wtiv personal
.isd. ti jvm at’ U tlv Uss prxiue. Otltcn wav basinos trwuetiom and should be Avrantrd Uv bi rhs business
Dec 1 | So 1 prrsosa nvestment in Nike stock wtxb she had owned for wnwal yark '«cerv r,j 52 5 000 tash |
Deposited the $25 000 cash from the tale of the fake stock n her person.,I bank account | |
3 | Deposed SfeS 000 cash m a new business bank excojnt Vtled Anara f’eterson. Attorney The bustnew qaw* <-<tpla» to hftenor. |
5 | •'aid $40C cash tot *w cartndqes for the prnter |
7 | Purchased computer tor the law office agteemq to pay the account 56.800 witrsn thw months |
9 | Re, es«l $2,900 cash hom customers for services rendered |
15 | Recrned Dll him ?be Jawy& *o» rnaqa^e sotaerptron. $3CC (Ihe Miscekaneous Hpp’V* account **gt; |
23 | Freshed oert heat r
|
28 | Pad b# frren The Lawyer |
30 | Pad utiilies $B40 |
11 | Received $2 800 cash from clients btlwt on Dec 23 |
31 | Peterson sMthdien cash of $2 500 |
Requirements
- Analyze rbe effects of the preceding evenu on the
accounting equation ol Ariana iVicrson. Attorney Use .1 format similar to Exhibit l-S. - Prepare th»- follow mg financial statemcttCK
- tixorne staiciticiiL
- Statement of owner's equity.
- Balance .sheet.
Learn your wayIncludes step-by-step video
Chapter 1 Solutions
Horngren's Accounting (11th Edition)
Additional Business Textbook Solutions
Managerial Accounting (4th Edition)
Intermediate Accounting (2nd Edition)
Horngren's Cost Accounting: A Managerial Emphasis (16th Edition)
Horngren's Financial & Managerial Accounting, The Managerial Chapters (6th Edition)
Financial Accounting
Principles of Accounting Volume 2
- Armo n d ng genty le veed js en the of det prfeiorel r h Ovetatwetee sa.co0.rect pt later hu tm be00. and dretarolessona er cot was prected to be s000. Durng he yea, Amo ured ectuaoveteed com ofs212.000, ectuadrect proleona laer hun of TRS00, and actual dect laber cafanoon y en, overtead Che O ueveearrow_forwardO UTF-8"CH_02.pptx x O UTF-8"Individual%: * Assets Liabilities C x O UTF-8"Individual%2 x b My Questions | bart x Bb Review Submission x Course Home A Not secure | openvellum.ecollege.com/course.html?courseld=15836449&HepID=07d540babdc75223ea4bcb31dba912cb#10001 My Courses Amay Brown :| e Intro to Financial Accounting 29:010:203 (Spring 2020) | 02/11/20 3:01 PM Course Home Homework: Assignment 2 Save Assignments Score: 0.43 of 1 pt HW Score: 75.6%, 9.07 of 12 pts 11 of 12 (11 complete) v Study Plan TI1-5 (similar to) E Question Help Results 18. Using the following information, complete the income statement, statement of retained earnings, and balance sheet for RN Painting for the month of March 2018. The business began operations on March 1, 2018. E (Click the icon to view the account balances.) Pearson eText Multimedia Library Accounts Receivable 1700||Accounts Payable Dynamic Study Modules Office Supplies Stockholders' Equity Retained Earnings Syllabus Service Revenue Total Expenses…arrow_forwardCh. 17 - Financial Statement Anal x Bb 2193516 + i learn-us-east-1-prod-fleet02-xythos.content.blackboardcdn.com/5f7ce11c673e5/2193516?X-Blackboard-Expiration=1648004400000&X-Blackboard-Signature=vwLhZZb3V30b7J84... 2 * O w WordCounter - Co... y! Yahoo A Regions Bank | Che.. Welcome, Justin – B. * eBooks, Textbooks... O Jefferson State Co... Electronics, Cars, Fa... C Home | Chegg.com 2193516 1 / 1 100% + | December 31, 2014 and 2013 Dec. 31, 2014 Dec. 31, 2013 Assets bloe Current assets: Cash. Marketable securities $ 500,000 $ 400,000 1,000,000 1,010,000 Accounts receivable (net)... 740,000 510,000 Inventories 1,190,000 950,000 000. Prepaid expenses. 250,000 229,000 Total current assets. $3,690,000 $3,089,000 Long-term investments... 2,350,000 2,300,000 1 Property, plant, and equipment (net) Total assets 3,740,000 3,366,000 $9,780,000 $8,755,000 Liabilities Current liabilities $ 900,000 $ 880,000 Long-term liabilities: $ 200,000 Mortgage note payable, 8%, due 2019. Bonds payable, 10%,…arrow_forward
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