● ● . ● . ● ● On 1/1/23 Company F received cash by selling $250,000 in stock. On 1/1/23 Company F got a $75,000 loan from Ally Bank. On 1/10/23 Company F purchased $55,000 worth of equipment for its office. On 2/1/23 Company F paid $90,000 for a 1-year lease on an office space. On 2/1/23 Company F purchased $40,000 worth of supplies. On 3/1/23 Company F received $66,000 cash from Customer B to perform services for the next 2 years. On 7/1/23 Company F paid its employees $60,000 for work performed in the first half of the year. On 7/1/23 Company F billed but did not receive cash for services already performed for customer C, $75,000; customer D, $30,000; and customer E, $100,000. Total billed $205,000. On 8/1/23 customer E and C paid Company F a total of $175,000 for services performed, completely paying their invoices. On 10/1/23 customer D paid half of their invoice to Company F. Customer D owed 30,000. On 12/31/23 Company F owed its employees $60,000 for work performed in the second half of the year. To reduce columns, use Accounts Payable instead of Salary Payable. On 12/31/23 Company F paid its utility bill, totaling 11,000. On 12/31/23 Company F paid dividends to its stockholders of $5,000. On 12/31/23 Company F had $28,000 of supplies remaining. On 12/31/23 Company F recorded rent expense for 2023. On 12/31/23 Company F recorded revenue earned in 2023 (See transaction 6).
● ● . ● . ● ● On 1/1/23 Company F received cash by selling $250,000 in stock. On 1/1/23 Company F got a $75,000 loan from Ally Bank. On 1/10/23 Company F purchased $55,000 worth of equipment for its office. On 2/1/23 Company F paid $90,000 for a 1-year lease on an office space. On 2/1/23 Company F purchased $40,000 worth of supplies. On 3/1/23 Company F received $66,000 cash from Customer B to perform services for the next 2 years. On 7/1/23 Company F paid its employees $60,000 for work performed in the first half of the year. On 7/1/23 Company F billed but did not receive cash for services already performed for customer C, $75,000; customer D, $30,000; and customer E, $100,000. Total billed $205,000. On 8/1/23 customer E and C paid Company F a total of $175,000 for services performed, completely paying their invoices. On 10/1/23 customer D paid half of their invoice to Company F. Customer D owed 30,000. On 12/31/23 Company F owed its employees $60,000 for work performed in the second half of the year. To reduce columns, use Accounts Payable instead of Salary Payable. On 12/31/23 Company F paid its utility bill, totaling 11,000. On 12/31/23 Company F paid dividends to its stockholders of $5,000. On 12/31/23 Company F had $28,000 of supplies remaining. On 12/31/23 Company F recorded rent expense for 2023. On 12/31/23 Company F recorded revenue earned in 2023 (See transaction 6).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
With the following economic events, please create the following:
- A detailed transaction receipt w/ details regarding spending per event (for ex. debit cash + credit common stock, etc.)
- A statement of cash flows
- An income statement
- A balance sheet
- A statement of changes for stockholders equity
Thank you so much!
Transcribed Image Text:D
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4
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On 1/1/23 Company F received cash by selling $250,000 in stock.
On 1/1/23 Company F got a $75,000 loan from Ally Bank.
On 1/10/23 Company F purchased $55,000 worth of equipment for its office.
On 2/1/23 Company F paid $90,000 for a 1-year lease on an office space.
On 2/1/23 Company F purchased $40,000 worth of supplies.
On 3/1/23 Company F received $66,000 cash from Customer B to perform services
for the next 2 years.
On 7/1/23 Company F paid its employees $60,000 for work performed in the first
half of the year.
On 7/1/23 Company F billed but did not receive cash for services already
performed for customer C, $75,000; customer D, $30,000; and customer E,
$100,000. Total billed $205,000.
On 8/1/23 customer E and C paid Company F a total of $175,000 for services
performed, completely paying their invoices.
On 10/1/23 customer D paid half of their invoice to Company F. Customer D owed
30,000.
On 12/31/23 Company F owed its employees $60,000 for work performed in the
second half of the year. To reduce columns, use Accounts Payable instead of
Salary Payable.
On 12/31/23 Company F paid its utility bill, totaling 11,000.
On 12/31/23 Company F paid dividends to its stockholders of $5,000.
On 12/31/23 Company F had $28,000 of supplies remaining.
On 12/31/23 Company F recorded rent expense for 2023.
On 12/31/23 Company F recorded revenue earned in 2023 (See transaction 6).
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