https://prnt.sc/1zoi1jp More infoа.Missy Mansion contributed $8,000 cash in exchange for capital.b.Performed service for a client and received cash of $1,300.C.Paid off the beginning balance of accounts payable.Purchased office supplies from OfficeMax on account, $400.Collected cash from a customer on account, $2,200.d.е.f.Missy withdrew $1,800.g.Consulted for a new band and billed the client for services rendered, S6,500.h.Recorded the following business expenses for the month:1. Paid office rent: $1,400.2. Paid advertising: $350.PrintDone Data tableASSETSLIABILITIES +EQUITYCashAccountsOfficeLandAccounts+ Mansion, - Mansion,+ ServiceRentAdvertising++ReceivableSuppliesPayableСaptalWithdrawalsRevenueExpenseExpenseBal. $2,400 +$2,600$0+ $15,000 =$3,000+ $14,400$2,600+PrintDone

The accounting equation states that assets equals to sum of liabilities and shareholders equity.

More info а. Missy Mansion contributed $8,000 cash in exchange for capital. b. Performed service for a client and received cash of $1,300. C. Paid off the beginning balance of accounts payable. d. Purchased office supplies from OfficeMax on account, $400. Collected cash from a customer on account, $2,200. e. f. Missy withdrew $1,800. g. Consulted for a new band and billed the client for services rendered, $6,500. h. Recorded the following business expenses for the month: 1. Paid office rent: $1,400. 2. Paid advertising: $350. Print Done

More info а. Missy Mansion contributed $8,000 cash in exchange for capital. b. Performed service for a client and received cash of $1,300. C. Paid off the beginning balance of accounts payable. d. Purchased office supplies from OfficeMax on account, $400. Collected cash from a customer on account, $2,200. e. f. Missy withdrew $1,800. g. Consulted for a new band and billed the client for services rendered, $6,500. h. Recorded the following business expenses for the month: 1. Paid office rent: $1,400. 2. Paid advertising: $350. Print Done

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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ne File Edit View History Bookmarks Profiles Tab Window Help M Inbox (2 x MACC101 x (4726) || X Account x| Account X WiConnec× M Question X Content c ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%2 Chapter 7 Quiz i 7 7.58 points Ask Mc Graw Hill Saved QS 7-13 (Algo) Indicating journals used for posting LO P1, P2, P3, P4 The following T-accounts show postings of selected transactions. Indicate the journal used in recording each of these postings a through e. Cash Accounts Receivable Inventory Debit (d) 700 Credit (e) Debit 340 (b) 1,700 Credit (d) Debit Credit 700 (a) 1,520 (c) 1,040 Accounts Payable Sales Debit (e) 340 Credit (a) Debit 1,520 Credit (b) Cost of Goods Sold Credit Debit 1,700 (c) 1,040 Transaction a. b. C. d. e. Journal 12.020 ANE 18 tv A
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Topic: Uni X U2_AS i Topic: Uni X M Question X M Question x M Question √x ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https% 253A%252F%252Flms.mheducation.com%252Fmghmiddle Complete this question by entering your answers in the tabs below. Required 1 Required 2 F2 Moab Incorporated manufactures and distributes high-tech biking gadgets. It has decided to streamline some of its operations so that it will be able to be more productive and efficient. Because of this decision it has entered into several transactions during the year. a. Moab Incorporated sold a machine that it used to make computerized gadgets for $30,600 cash. It originally bought the machine for $21,400 three years ago and has taken $8,000 in depreciation. b. Moab Incorporated held stock in ABC Corporation, which had a value of $23,000 at the beginning of the year. That same stock had a value of $26,230 at the end of the year. c. Moab Incorporated sold some of its inventory for $9,200…
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