Check my work The following table shows the transactions experienced by JG Gutter Works (JGGW), during Year 7, Assume all transactions shown in the accounting equation are cash transactions. Required a. Calculate the missing amounts in the following table. (Enter any decreases to account balancés with a minus sign.) b. Is there sufficient cash available to repay the debt on January 1, Year 8. C. Based on the information in the Required a, what is the maximum cash dividend JGGW could pay on January 1, Year 8? Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the missing amounts in the following table. (Enter any decreases to account balances with a minus sign.) es Assets Liabilities Stockholders' Equity Notes Com. Retained Аcct. Cash Land Payable Stock Earnings Title/RE Beg. Bal. 90,000 = 25,000 Event No. 1 NA = NA + 68,000 + NA NA + 2. NA NA + NA + Revenue NA + NAI+ (57,000) Еxpenses 3. (57,000) + NA (14,000) + NAE NA + NA+ Dividend 4. NA + NA NA NA + 5. (50,000) + NA = (10,000) + NA + NA NA 6. (10,000) + 77,000 + 40,000 + 123,000 + Totals Renuired A Required B > Next> ... < Prev 8 of 8 B..

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following table shows the transactions experienced by J G Gutter Works (JGGW), during Year 7. Assume all transactions shown in
the accounting equation are cash transactions.
Required
a. Calculate the missing amounts in the following table. (Enter any decreases to account balancés with a minus sign.)
b. Is there sufficient cash available to repay the debt on January 1, Year 8.
C. Based on the information in the Required a, what is the maximum cash dividend JGGW could pay on January 1, Year 8?
Complete this question by entering your answers in the tabs below.
Required A
Required B
Required C
Calculate the missing amounts in the following table. (Enter any decreases to account balances with a minus sign.)
es
Assets
Liabilities
Stockholders' Equity
Notes
Com.
Retained
Acct.
Title/RE
Cash
Land
Payable
Stock
Earnings
Beg. Bal.
90,000 =
25,000
Event No. 1
NA =
NA +
68,000 +
NA
NA
+
2.
NA
NA +
NA +
Revenue
(57,000) +
NAI+
(57,000)
Еxpenses
3.
NA =
NA +
NA =
NA +
NA+
Dividend
4.
(14,000) +
NA +
NA
NA
NA +
5.
(50,000) +
NA =
(10,000) +
NA +
NA
NA
]
6.
(10,000) +
40,000 +
123,000 +
Totals
77,000 +
Required A
Required B >
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Transcribed Image Text:Check my work The following table shows the transactions experienced by J G Gutter Works (JGGW), during Year 7. Assume all transactions shown in the accounting equation are cash transactions. Required a. Calculate the missing amounts in the following table. (Enter any decreases to account balancés with a minus sign.) b. Is there sufficient cash available to repay the debt on January 1, Year 8. C. Based on the information in the Required a, what is the maximum cash dividend JGGW could pay on January 1, Year 8? Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the missing amounts in the following table. (Enter any decreases to account balances with a minus sign.) es Assets Liabilities Stockholders' Equity Notes Com. Retained Acct. Title/RE Cash Land Payable Stock Earnings Beg. Bal. 90,000 = 25,000 Event No. 1 NA = NA + 68,000 + NA NA + 2. NA NA + NA + Revenue (57,000) + NAI+ (57,000) Еxpenses 3. NA = NA + NA = NA + NA+ Dividend 4. (14,000) + NA + NA NA NA + 5. (50,000) + NA = (10,000) + NA + NA NA ] 6. (10,000) + 40,000 + 123,000 + Totals 77,000 + Required A Required B > < Prev 8 of 8 ... .. ... Next>
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