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ngagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator-assignment-take&lhpluyl s: 4/7 items nt Score: 31.41% eBook Nature of transactions Show Me How Teri West operates her own catering service. Summary financial data for July are presented in equation form as follows. Each line designated by a number indicates the effect of a transaction on the equation. Each increase and decrease in stockholders' equity, except transaction (5), affects net income. Stockholders' Equity Assets =1 Liabilities + Bal. 40,800 Cash + Supplies + 5,300 Land = Accounts Payable + Common Stock + Retained Earnings Dividends + Fees Earned Expenses 102,000 11,000 72,100 65,000 47,700 1. +47,700 2. -20,400 +20,400 -35,500 3. -35,500 4. +2,000 +2,000 -2,700 5. -2,700 6. -9,800 -9,800 7. -4,100 Bal. 20,100 3,200 122,400 3,200 72,100 65,000 -2,700 47,700 -4,100 .-39,600 a. (1) Select the description for transaction 1. a. (2) Select the description for transaction 2., a. (3) Select the description for transaction 3. Check My Work 5 more Check My Work uses remaining. Previous Next Save and Exit All work saved. Submit Assignment for Grading Q Search ADI A ENG 9:57 PM 8/18/2024

ngagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator-assignment-take&lhpluyl s: 4/7 items nt Score: 31.41% eBook Nature of transactions Show Me How Teri West operates her own catering service. Summary financial data for July are presented in equation form as follows. Each line designated by a number indicates the effect of a transaction on the equation. Each increase and decrease in stockholders' equity, except transaction (5), affects net income. Stockholders' Equity Assets =1 Liabilities + Bal. 40,800 Cash + Supplies + 5,300 Land = Accounts Payable + Common Stock + Retained Earnings Dividends + Fees Earned Expenses 102,000 11,000 72,100 65,000 47,700 1. +47,700 2. -20,400 +20,400 -35,500 3. -35,500 4. +2,000 +2,000 -2,700 5. -2,700 6. -9,800 -9,800 7. -4,100 Bal. 20,100 3,200 122,400 3,200 72,100 65,000 -2,700 47,700 -4,100 .-39,600 a. (1) Select the description for transaction 1. a. (2) Select the description for transaction 2., a. (3) Select the description for transaction 3. Check My Work 5 more Check My Work uses remaining. Previous Next Save and Exit All work saved. Submit Assignment for Grading Q Search ADI A ENG 9:57 PM 8/18/2024

Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter4: Merchandising Company Financial Statements (fmerch)
Section: Chapter Questions
Problem 2R: The following information is for Bonnies Buds, a nursery and floral shop, for the month ended May...
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ngagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator-assignment-take&lhpluyl s: 4/7 items nt Score: 31.41% eBook Nature of transactions Show Me How Teri West operates her own catering service. Summary financial data for July are presented in equation form as follows. Each line designated by a number indicates the effect of a transaction on the equation. Each increase and decrease in stockholders' equity, except transaction (5), affects net income. Stockholders' Equity Assets =1 Liabilities + Bal. 40,800 Cash + Supplies + 5,300 Land = Accounts Payable + Common Stock + Retained Earnings Dividends + Fees Earned Expenses 102,000 11,000 72,100 65,000 47,700 1. +47,700 2. -20,400 +20,400 -35,500 3. -35,500 4. +2,000 +2,000 -2,700 5. -2,700 6. -9,800 -9,800 7. -4,100 Bal. 20,100 3,200 122,400 3,200 72,100 65,000 -2,700 47,700 -4,100 .-39,600 a. (1) Select the description for transaction 1. a. (2) Select the description for transaction 2., a. (3) Select the description for transaction 3. Check My Work 5 more Check My Work uses remaining. Previous Next Save and Exit All work saved. Submit Assignment for Grading Q Search ADI A ENG 9:57 PM 8/18/2024
Transcribed Image Text:ngagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator-assignment-take&lhpluyl s: 4/7 items nt Score: 31.41% eBook Nature of transactions Show Me How Teri West operates her own catering service. Summary financial data for July are presented in equation form as follows. Each line designated by a number indicates the effect of a transaction on the equation. Each increase and decrease in stockholders' equity, except transaction (5), affects net income. Stockholders' Equity Assets =1 Liabilities + Bal. 40,800 Cash + Supplies + 5,300 Land = Accounts Payable + Common Stock + Retained Earnings Dividends + Fees Earned Expenses 102,000 11,000 72,100 65,000 47,700 1. +47,700 2. -20,400 +20,400 -35,500 3. -35,500 4. +2,000 +2,000 -2,700 5. -2,700 6. -9,800 -9,800 7. -4,100 Bal. 20,100 3,200 122,400 3,200 72,100 65,000 -2,700 47,700 -4,100 .-39,600 a. (1) Select the description for transaction 1. a. (2) Select the description for transaction 2., a. (3) Select the description for transaction 3. Check My Work 5 more Check My Work uses remaining. Previous Next Save and Exit All work saved. Submit Assignment for Grading Q Search ADI A ENG 9:57 PM 8/18/2024
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