Business, 27.06.2020 02:01 karatsgrande9125
Selected transactions for Culver Corporation during its first month in business are presented below.
Sept. 1 Issued common stock in exchange for $21,400 cash received from investors.
5 Purchased equipment for $8,900, paying $3,020 in cash and the balance on account.
8 Performed services on account for $18,000.
14 Paid salaries of $1,200.
25 Paid $3,420 cash on balance owed for equipment.
30 Paid $930 cash dividend.
Complete a tabular analysis of the September transactions. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-3 for example.)
Assets = Liabilities + Stockholders
Equity
Retained Earnings
Cash + Accounts Receivable + Equipment = Accounts Payable + Common Stock + Revenues ? Expenses ? Dividends
Sept. 1 $ $ $ $ $
Issued stock
Sept. 5
Sept. 8
Sept. 14
Sept. 25
Sept. 30
Dividends $ $ = $ $
Answers: 1
Business, 22.06.2019 17:00
Afinancing project has an initial cash inflow of $42,000 and cash flows of −$15,600, −$22,200, and −$18,000 for years 1 to 3, respectively. the required rate of return is 13 percent. what is the internal rate of return? should the project be accepted?
Answers: 1
Business, 23.06.2019 00:30
In a recent annual report, apple computer reported the following in one of its disclosure notes: "warranty expense: the company provides currently for the estimated cost for product warranties at the time the related revenue is recognized." this note exemplifies apple's use of: (a) conservatism.(b) matching. (c) realization principle. (d) economic entity.
Answers: 2
Business, 23.06.2019 00:30
An emerging methodology to integrate the effort of the development team and the operations team to improve the functionality and security of applications is known as
Answers: 1
Business, 23.06.2019 01:30
Jodie lives in a developing nation where the local markets are underdeveloped in terms of domestic exposure. her country wants to boost these domestic industries in the face of heavy competition from foreign players in the market. which trade practice should jodie’s country adopt to shield its domestic industries from foreign players? jodie’s country should adopt to shield its domestic industries from foreign players. typing answer
Answers: 1
Selected transactions for Culver Corporation during its first month in business are presented below....
Social Studies, 24.04.2020 20:39
History, 24.04.2020 20:39
Social Studies, 24.04.2020 20:39
Mathematics, 24.04.2020 20:39
English, 24.04.2020 20:39
Mathematics, 24.04.2020 20:39
Mathematics, 24.04.2020 20:39
Mathematics, 24.04.2020 20:39
Chemistry, 24.04.2020 20:40