question attached int h screenshot thanks for the helpappreciated wegwgwvww2323 Dec 2 Wortham Services received $70,000 cash and issued common stock to thestockholders.Purchased supplies, $700, and equipment, $11,400, on account.Performed services for a customer and received cash, $5,600.Paid cash to acquire land, $40,000.Dec 3Dec 4Dec 7Dec 11Dec 16Dec 17Performed services for a customer and billed the customer, $3,100. Worthamexpects to collect within one month.Paid for the equipment purchased December 3 on account.Paid for newspaper advertising. $570.Dec 18Dec 22Dec 29Dec 31Dec 31 Declared and paid dividends of $1,800.Received partial payment from customer on account, $1,000.Received and paid the water and electricity bills, $400.Received $2,900 cash for servicing the heating unit of a customer.Paid employee salaries, $2,600. Requirement 4. Aaron Wortham, the manager, asks you how much in total resources the business has to work with, how much it owes, and whether December was profitable (and by how much).Total resourcesAmount owedThe companyprofitable, as it reportedof

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Description: question attached int h screenshot thanks for the helpappreciated wegwgwvww2323 Dec 2 Wortham Services received $70,000 cash and issued common stock to thestockholders.Purchased supplies, $700, and equipment, $11,400, on account.Performed services fo

Total Resources - Resources are the amount invested by the company to generate revenue. Can also be…

Business

Accounting

Dec 2 Dec 4 Dec 7 Dec 11 Dec 16 Dec 17 Dec 18 Dec 22 Wortham Services received $70,000 cash and issued common stock to the stockholders. Purchased supplies, $700, and equipment, $11,400, on account. Performed services for a customer and received cash, $5,600. Paid cash to acquire land, $40,000. Performed services for a customer and billed the customer, $3,100. Wortham expects to collect within one month. Paid for the equipment purchased December 3 on account. Paid for newspaper advertising, $570. Received partial payment from customer on account, $1,000. Received and paid the water and electricity bills, $400. Dec 29 Dec 31 Dec 31 Declared and paid dividends of $1,800. Received $2,900 cash for servicing the heating unit of a customer. Paid employee salaries, $2,600.

Dec 2 Dec 4 Dec 7 Dec 11 Dec 16 Dec 17 Dec 18 Dec 22 Wortham Services received $70,000 cash and issued common stock to the stockholders. Purchased supplies, $700, and equipment, $11,400, on account. Performed services for a customer and received cash, $5,600. Paid cash to acquire land, $40,000. Performed services for a customer and billed the customer, $3,100. Wortham expects to collect within one month. Paid for the equipment purchased December 3 on account. Paid for newspaper advertising, $570. Received partial payment from customer on account, $1,000. Received and paid the water and electricity bills, $400. Dec 29 Dec 31 Dec 31 Declared and paid dividends of $1,800. Received $2,900 cash for servicing the heating unit of a customer. Paid employee salaries, $2,600.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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