my work Use the following information for Exercises 16-18 below. [The following information applies to the questions displayed below.] Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following accounts and amounts for the month of August. Cash $ 25,240 C. Camry, Withdrawals 22,260 Consulting fees earned 5,110 Rent expense 43,920 Salaries expense 19,890 Telephone expense 10,740 Miscellaneous expenses $ 5,870 26,900 9,420 5,490 730 Accounts receivable Office supplies Land Office equipment Accounts payable 410 Exercise 2-17 Preparing a statement of owner's equity LO P3 Use the above information to prepare an August statement of owner's equity for Help Today. The owner's capital account balance at July 31 was $0, and the owner invested $100,700 cash in the company on August 1.

my work Use the following information for Exercises 16-18 below. [The following information applies to the questions displayed below.] Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following accounts and amounts for the month of August. Cash $ 25,240 C. Camry, Withdrawals 22,260 Consulting fees earned 5,110 Rent expense 43,920 Salaries expense 19,890 Telephone expense 10,740 Miscellaneous expenses $ 5,870 26,900 9,420 5,490 730 Accounts receivable Office supplies Land Office equipment Accounts payable 410 Exercise 2-17 Preparing a statement of owner's equity LO P3 Use the above information to prepare an August statement of owner's equity for Help Today. The owner's capital account balance at July 31 was $0, and the owner invested $100,700 cash in the company on August 1.

Name: my workUse the following information for Exercises 16-18 below.[The f
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Description: my workUse the following information for Exercises 16-18 below.[The following information applies to the questions displayed below.]Carmen Camry operates a consulting firm called Help Today, which began operations on August 1.On August 31, the compa

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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Lauryn Iverson owns a business called Fresh Flower.Selected general ledger accounts are given below. Chapter 5, Problem 1MP, Lauryn Iverson owns a business called Fresh Flowers. Selected general ledger accounts are given, example 1. Instructions: 1.Journalize the following transactions completed during march of the current year. Use page 25 of the journal given in the Working Papers. Source documents are abbreviated as follows : check, C; memorandum, M; calculator tape,T. Transactions: Mar. 21. Paid cash to establish a petty cash fund, $300.00.C220 24. Paid cash for repairs, $180.00.C221. 26. Paid cash for supplies, $75.00.C222. 27. Received notice from the bank of a dishonoured check from Aki Suzuki, $215.00, plus $35.00 fee; total, $250.00. M44. 28. Paid cash for miscellaneous expense, $60.00.C223. 31. Paid cash to owner for personal use, $500.00.C224. 31. Received cash from sales, $700.00.T31. 2. Prepare a petty cash report for March 31 of the current year using the following…
Your manager has asked that you create the monthly financial statements for ABC Company. They gave you the following account numbers for June 31, 2018. Accounts Payable 3000 Cash 26,000 Owner’s Capital 15,000 Advertising Expense 3,000 Sales Revenue 40,000 Office Supplies 1,500 Wages Expense 10,000 Notes Payable 6000 Rent Expense 5,000 Office Equipment 4,000 Accounts Receivable 12,000 Owner’s Withdrawals 2,500 create the: Income Statement Balance Sheet Statement of Owner’s Equity. In addition to using the accounts above, be sure to use proper format. Check your work! A Balance Sheet total of $43,500 will mean you have completed all transactions perfectly
**** I want to know in what im wrong and what im missing, Thank you**** Balance Sheet Easy Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on November 30, 20Y7, the end of the fiscal year, the balances of selected accounts from the ledger of Easy Weight Loss are as follows: Line Item Description Amount Accounts Payable $10,160 Accounts Receivable 24,490 Accumulated Depreciation - Equipment 30,580 Cash ? Common Stock 180,000 Equipment 88,390 Land 118,000 Prepaid Insurance 5,690 Prepaid Rent 3,560 Retained Earnings 23,810 Salaries Payable 3,960 Supplies 610 Unearned Fees 2,950
This problem is based on the transactions for the FastForward Company in your text. Prepare journal entries for each transaction and Identify the financial statement Impact of each entry. The financial statements are automatically generated based on the journal entries recorded. December 1 On December 1, Chas Taylor forms a consulting business, named FastForward. FastForward receives $30,000 cash from Chas Taylor as an owner contribution. December 2 FastForward pays $2,500 cash for supplies. The company's policy is to record all prepaid expenses in asset accounts. December 3 FastForward pays $26,000 cash for equipment. December 4 FastForward purchases $7,100 of supplies on credit from a supplier, CalTech Supply. December 5 FastForward provides consulting services and immediately collects $4,200 cash. December 6 FastForward pays $1,000 cash for December rent. December 7 FastForward pays $700 cash for employee salary. December 8 FastForward provides consulting services of $1,600 and…
Required Information Use the following information for Exercises 16-18 below. [The following information applies to the questions displayed below.] Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following selected accounts and amounts for the month of August. Cash 25,440 Dividends 22,470 Consulting fees earned 5,360 Rent expense 44,100 Salaries expense 20,120 Telephone expense 10,420 Miscellaneous expenses 103,000 $ 6,100 27,100 9,660 5,690 Accounts receivable Office supplies Land Office equipment Accounts payable 980 600 Common stock Exercise 2-16 Preparing an income statement LO C3, P3 Use the above information to prepare an August income statement for the business. HELP TODAY Income Statement ...
The following transactions are July activities of Bill’s Extreme Bowling, Incorporated, which operates several bowling centers. Bill's paid $1,500 to a plumbing company on the day of repairing a broken pipe in the restrooms. Bill's paid $2,000 for the June electricity bill and received the July bill for $2,500, which will be paid in August. Bill's paid $5,475 to employees for work in July. Required:Prepare journal entries to record the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
Required information Use the following information for Exercises 25-27 below. (Algo) [The following information applies to the questions displayed below.] Carmen Camry operates a consulting firm called Help Today, which began operations on December 1. On Decembe the company's records show the following selected accounts and amounts for the month of December. Cash $ 25, 350 Dividends 22,340 Consulting revenue 5, 230 19,980 43,990 Telephone expense 10,660 Miscellaneous expenses $ 5,980 Accounts receivable Office supplies office equipment 26,980 Rent expense Salaries expense 9,530 5,590 850 Land Accounts payable 500 Common stock 101, 700 ercise 2-25 (Algo) Preparing an Income statement LO P1 e the above information to prepare a December income statement for the business. HELP TODAY Income Statement
For this week's assignment, you are required to read the lecture notes and review the supporting resources, then complete the below financial statements from the information provided. Please support your analysis with at least 2 references. All assignments must be in the APA format. Scenario 1: The following are balance sheet accounts for ABC Event Company for end of year (December 31, 20XX). Please note that: (the company paid $2, 500 in cash for the equipment and financed the remaining $6,500 with a loan from the bank.) Accounts payable $ 6, 500 Accounts receivable 4, 800 Cash 1,500 Equipment 9,000 Equipment Software 500 Notes payable 6, 500 Owner's equity? Required: Find the missing account balance. Prepare a simplified balance sheet from the information. Consider the ABC Event Company scenario in the lecture notes. Provide a brief description of your analysis. Scenario 2: Income Statement for ABC Event Company ABC Event Company's food and beverage costs for the year were $35,000.…
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