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

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business

Section: Chapter Questions

Problem 9SPB: FINANCIAL RATIOS Use the work sheet and financial statements prepared in Problem 15-8B. All sales...

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