In the first picture (1-2.jpg) only the last sub part, bucause the firts 3 are answered.In the second picture (2-2A) only the last 2 sub parts, buacuse the first 3 are answered.In case that only can answer 1 of the picture plaese answer the sencond one. Thankssss ea Byrd's capital?PR 1-2A Financial statementsThe amounts of the assets and liabilities of Nordic Travel Agency at December 31, 2016,the end of the year, and its revenue and expenses for the year follow. The capital of lanEisele, owner, was $670,000 on January 1, 2016, the beginning of the year. During theyear, lan withdrew $42,000.Accounts payableAccounts receivableCash2469,500Rent expense$ 36,0005,5004,10028,500510,000285,000190,500912,500544,000SuppliesSupplies expenseFees earnedLandMiscellaneous expenseWages expense6,400Instructions1. Prepare an income statement for the year ended December 31, 2016.2. Prepare a statement of owner's equity for the year ended December 31, 2016.3. Prepare a balance sheeet as of December 51, 2016.4. What item appears on both the statement of owner's equity and the balance sheet? PR 2-2A Journal entries and trial balanceOn August 1, 2016, Bill Hudson established Heritage Realty, which completed the fol-lowing transactions during the month:OBJ. 1,2, 3, 4a. Bill Hudson transferred cash from a personal bank account to an account to be usedfor the business, $30,000.b. Paid rent on office and equipment for the month, $3,250.c. Purchased supplies on account, $2,150.d. Paid creditor on account, $875.e. Earned sales commissions, receiving cash, $14.440.f. Paid automobile expenses (including rental charge) for month, $1.580, and miscel-laneous expenses, $650.g. Paid office salaries, $3.000.h. Determined that the cost of supplies used was $1,300.L Withdrew cash for personal use, $2.500.Instructions1. Journalize entries for transactions (a) threough (i), using the following account titles:Cash, Supplies, Accounts Payable, Bill Hudson, Capital, Bill Hudson, Drawing, SalesCommissions: Rent Expense; office Salaries Expense, Automobile Expense, SuppliesExpense; Miscellaneous Expense. Explanations may 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 thetransactions. Determine the account balances, after all posting is complete, Accountscontaining only a single entry do not need a balance.3. Prepare an unadjusted trial balance as of August 31, 2016.4. Determine the followinga. Amount of total revenue recorded in the ledge.b. Amount of total expenses recorded in the ledger,c. Amount of net incorme for August.5. Determine the increase or decrease in owner's equity for August.

Solution: PR 1-2A (1). INCOME STATEMENT $ Revenue (Fee Earned) 9,12,500 Less: Expenses…

Answered: n the first picture (1-2.jpg)

Business

Accounting

n the first picture (1-2.jpg)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

On the indirect statement of cash flows, $500,000 relating to notes payable was subtracted from net income to get indirect cash flow from operations. This must mean that: Notes payable were $500,000 at the beginning of the year. O Notes payable were $500,000 at the end of the year. Incorrect. Notes payable increased by $500.000 over the year. Notes payable decreased by $500,000 over the year.
It says the answer I type in the boxes are wrong. What is the correct solution.
u Online Cour X (78) Whats x M Your AccoL X M Inbox (2,74 X SP2021-AC X Answered: Ek My Home * CengageN X Bartleby Q x + D X A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?inprogress=true FMovies | Watch M. BIO201 Connect 10. M Gmail > YouTube Fourth Homework O eBook Patents 6. MC.12.06 Instructions Chart Of Accounts General Journal 7. MC.12.07 Instructions 8. MCС.12.08 Mystic Pizza Company purchased a patent from Prime Pizza Plus on January 1, 2019, $72,000. The patent has a remaining legal life of 9 years. 9. МC.12.09 Required: 10. MC.12.10 Prepare the journal entries to record the acquisition and the amortization for 2019, assuming Mystic Pizza amortizes its patents using the 11. RE.12.01.BLANKSHEET straight-line method over the life of the asset. 12. RE.12.02 13. RE.12.03.BLANKSHEET 14. RE.12.04.BLANKSHEET 15. RE.12.05.BLANKSHEET 16. RE.12.06.BLANKSHEET 17. RE.12.07.BLANKSHEET 18. RE.12.08 O V I 12:52
How would I calculate this problem? I just guessed on which answer made sense to me. Please help. thank you in advance.
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
Help Save & Exit ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252... 3-RA1 - Princi x M Question 2 - CV 12.5 - Conne x + Fube Maps Translate News 2.5 i 2 Required information Saved t2 of 3 ts Knowledge Check 01 J. Morgan and M. Halsted are partners who share income and loss in a 3:1 ratio. After several unprofitable periods, the two partners decided to liquidate their partnership. The current period's income or loss is closed to the partners' capital accounts according to the sharing agreement. Immediately before liquidation, the partnership balance sheet shows: land, $100,000; accounts payable, $80,000; J. Morgan, Capital, $15,000; and M. Halsted, Capital, $5,000. On January 15, the land was sold for $110,000 cash. On January 16, the partnership settled its liabilities. On January 31, the remaining cash was distributed to the partners. Prepare the January 15 journal entry for the partnership to…
ITS-The Political S A M7: Assignment No.1 10201Ox/aMzlzNzk 1NTQxNDg2/details ВА.. e Home | Edmodo O Spoliarium by Juan.. w You searched for Re.. W Operating Performa... 1 Otn.docxlo. Open with Activity No.: Topic : The Worksheet Problems The following are all the steps in the accounting cycle. List them they should be done. 1. the order in which Closing entries are journalized and posted to the ledger. - An unadjusted trial balance is prepared. - An optional end-of-period spreadsheet (worksheet) is prepared. -A post-closing trial balance is prepared. - Adjusting entries are journalized and posted to the ledger. - Transactions are analyzed and recorded in the journal. Adjustment data are assembled and analyzed. -Financial statements are prepared An adjusted trial balance is prepared Transactions are posted to the ledger 2. 7. 8. 6. 10 The balances for the accounts listed below appeared in the Adjusted Tral Balance columns of the work the Income Statement columns or iobtndicato ther cach…
DocHub X D Unit 4 Project - TVM Calculator X b.com/claudiasirois1122/Xv7zYW5RnILBBINV2A9egx/unit-4-project-tvm-calculator-pdf?pg=6 > ✓Sign - O Ri + 4. Use the TVM Calculator to fill in the following table given that the APR is 6%. Round to 2 decimal places as needed. PV = PMT= FV = APR = Periods CHANGES = Compounding: CHANGES Principal Compounding Periods $1,000 D $1,000 $1,000 $1,000 $1,000 Annually Semiannually Monthly Weekly Daily 1 2 12 a. What did P represent in the compound interest formula? P = regular deposit amount 52 shift Amount after 1 year enter If we summarize the effect seen in the table, we see that more compoundings per year means that you will have more money in the account, but the amount of increase will eventually level off. Most banks publish the APY, or Annual Percentage Yield, instead of the APR to account for this effect. $1060 $1060.90 365 $1061.83 Extension 5. What are some financial goals that people save for? Some financial goals people save for are a…
Please show all your steps. I Attached a formula sheet if need it. Please label the formulas used if any. Thankyou.
I need typing clear urjent no chatgpt use i will give 5 upvotes
7. Find all four stated rate (APR)
ano X M Gmail .wiley.com/was/ui/v2/assessment-player/index.html?launchld=96bacef2-13fb-44ea-b6d0-66f66b100cbd#/question/3 O search WP SCS0984 Midterm Hudovernik m Hudovernik $2 W YouTube 13 3 Maps W NWP Assessment Player Ul Appli X X View Policies E Question 4 of 11 Index of /software New Tab requires an understanding of the company's operations and the inter-relationship of accounts. is only required for accounts that do not have a normal balance. is optional when financial statements are prepared. is straight-forward because the accounts that need adjustment will be out of balance. 55 % f6 D T https://checkout.wileyplus.com/cx Immigration and Ci... 6 f7 Y Ps W & 7 hp f8 7 D U f9 * 8 + 00 f10 9 9 2 ☆ f11 .../5 > [P→ Attempts: 1 of 1 used O = : M f12 Activate W Go to Settings -1°C Mostly clear A 30