PR 2-2A only questions 3-5 Chapter 2 Analyzing Transactions973. Prepare an unadjusted trial balance as of October 31, 20Y6.4. Determine the following:a. Amount of total revenue recorded in the ledger.b. Amount of total expenses recorded in the ledger.c. Amount of net income for October.5. Determine the increase or decrease in retained earnings for October.PR 2-3A Journal entries and trial balanceOn November 1, 20Y9, Lexi Martin established an interior decorating business, Heritage Designs. Duringthe month, Lexi completed the following transactions related to the business:Obj. 1, 2, 3, 4amn:,550Nov. 1. Lexi transferred cash from a personal bank account to an account to be used for the business in exchange forcommon stock, $50,000.1. Paid rent for period of November 1 to end of month, $4,000.6. Purchased office equipment on account, $15,000.ATE8.Purchased a truck for $38,500 paying $5,0000 cash and giving a note payable for theremainder.10. Purchased supplies for cash, $1,750.12. Received cash for job completed, $11,500.15. Paid annual premiums on property and casualty insurance, $2,400.23. Recorded jobs completed on account and sent invoices to customers, $22,300.24. Received an invoice for truck expenses, to be paid in November, $1,250.Enter the following transactions on Page 2 of the two-column journal:29. Paid utilities expense, $4,500.29. Paid miscellaneous expenses, $1,000. 4. Determine the net income or net loss for January.PR 2-2A Journal entries and trial balanceObj. 1, 2, 3, 40.On October 1, 20Y6, Jay Crowley established Affordable Realty, which completed the followingtransactions during the month:a. Jay Crowley transferred cash from a personal bank account to an account to be used for the business in exchange forcommon stock, $40,000.b. Paid rent on office and equipment for the month, $4,800.C.Purchased supplies on account, $2,150.d. Paid creditor on account, $1,100.e. Earned sales commissions, receiving cash, $18,750.Paid automobile expenses (including rental charge) for month, $1,580, and miscellaneous expenses, $800.f.g. Paid office salaries, $3,5000.h. Determined that the cost of supplies used was $1,300.i.Paid dividends, $1,500.Instructions1. Journalize entries for transactions (a) through (i), using the following account titles: Cash, Sup-plies, Accounts Payable, Common Stock, Dividends, Sales Commissions, Rent Expense, OfficeSalaries Expense, Automobile Expense, Supplies Expense, Miscellaneous Expense. Explanationsmay be omitted.2. Prepare T accounts, using the account titles in (1). Post the journal entries to theseaccounts, placing the appropriate letter to the left of each amount to identify the transactions.Determine the account balances after all posting is complete. Accounts containing only a singleentry do not need a balance.

Net income refers to the total sum value of revenue earned by an entity or an individual in a…

Answered: 3. Prepare a 4. Determin- a. Amou: b.…

3. Prepare a 4. Determin- a. Amou: b. Amou: C. Amou 5. Determin PR 2-3A Jc On Novembe the month, L Nov. 1. Lexi com 1. Paid 6. Purc 8. Purc rem- 10. Purc 12. Rece 15. Paid 23. Rece

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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90-0X Question 3- Chapter 15 Exercise/ProX O a https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect E ne State M Gmail Citefast V TTU ILearn-TTU O My Profile - Zoom ALEKS Connect-TTU P pearson 15 Exercise/Problem Assignments 6 Saved Help Save & E Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to On January 1, 2018, Maywood Hydraulics leased drilling equipment from Aqua Leasing for a five-year period ending December 31, 2021, at which time possession of the leased asset will revert back to Aqua. The equipment cost Aqua $429,029 and has an expected economic life of six years. Aqua expects the residual value at December 31, 2021, to be $65,000. Negotiations led to Maywood guaranteeing a $92,500 residual value. Equal payments under the lease are $130,000 and are due on December 31 of each year with the first payment being made on…
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red Question 11 4) Listen Use the graphs below to categorize the statements to describe either Graph A or Graph B. 3 Graph A Graph B 0 #12 " 3/2 2x 0 */2 3/2 2 -1 T graph a graph b Add an answer item! Add an answer item! Answer Bank amplitude = 1 midline is y=3 f(x)= cos(x)+3 amplitude =3 f(x)=3sin(x)+1 midline is y=1 All Change
A) 7,800 B) 4,800 C) 6,800 D) 5,800
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CP-TVM-submit in Canvas Use these factors to answer questions (ROUND ANSWERS TO NEAREST DOLLAR) FV$1 PVA FVA 4 1.36049 3.31213 4.5061 5 6% 0.74726 1.33823 4.21236 5.6371 60 0.50% 0.74137 1.34885 51.72556 69.7700 n i 8% PV$1 0.73503 1. You want to have $30,000 at the end of 5 years to buy a new car. How much should you save each month to achieve your goal if you can earn 6% ? $ 2. You want to buy a $25,000 car today and will be making monthly payments for the next 5 years. What is your car payment if your borrowing rate is 6%? $_ 3. You invest $10,000 today in an account and will leave the money invested for 4 years. Your average investment rate is 8%, what amount will you have in the account at the end of the 4 years? $ 4. You plan to invest $1,000 every year for the next 5 years. What will be the value of your investment at the end of the 5 years if you can earn 6% annual interest? $_ 5. Your grandparents have decided to give you $20,000 in 4 years for graduate school. Assuming your…
ent II - Chapter 5 Saved Help Save & E 13 1.46853 0.68095 14 1.51259 0.66112 15 1.55797 0.64186 16 1.60471 0.62317 15.6178 10.63496 16.0863 10.95400 17.0863 11.29607 18.5989 11.93794 17.5989 11.63496 19.1569 12.29607 20.1569 12.56110 20.7616 12.93794 Monica wants to sell her share of an investment to Barney for $140,000 in 4 years. If money is wOrth 6% compounded semiannually, what would Monica accept today? Multiple Choice 110,517 $ 109.263 ( Prev 7 of 15 Next>