mn Chapter 1 Post-Class Homework - Work- Microsoft Edgehttps://www.ameengage.com/mod/quiz/attempt.php?attempt=4798713&cmid=1045348&page=4AME EngageQuestion 5Not checkedMarked out35.00P FlagquestionTake me to the textThe following information pertains to Timothy Dalton's personal financial transactions.Opening Balances - December 1, 2016Cash$14,600$800$22,700$164,100$6,500$48,700Contents of HomeAutomobileHouseUnpaid AccountsBank LoanTransactions for the month of December 2016.1. Paid miscellaneous expenses for the month of December with $1,000 cash.2. Purchased a new computer worth $1,000 with cash.3. Paid credit card liability of $6,500 (Unpaid Accounts) in full.4. Paid telephone, electricity and water bill for December with $1,200 cash.5. Purchased $2,100 of groceries and goods for personal consumption with cash.6. Deposited $4,600 salary earned during the month.Do not enter dollar signs or commas in the input boxes.Use the negative sign for a deficit.The T-Account fields are labeled by transaction number. Record each transaction by entering the value into the corresponding T-Account field.Requireda) Using the information provided, record the opening balances in the T-accounts.b) Record the transactions for the month of December in the T-accounts.Personal Balance SheetAs at December 31, 2016Q Search.LONGED 18 0Lr m Chapter 1 Post-Class Homework - Work - Microsoft Edgehttps://www.ameengage.com/mod/quiz/attempt.php?attempt=4798713&cmid=1045348&page=4AME Engage144HzOpening: $Transaction #1IncreaseTransaction #2Transaction #3Transaction #4Transaction # 5Transaction # 6Ending: $Assets (what we OWN)IncreaseCashContents of HomePersonal Balance SheetAs at December 31, 2016DecreaseDecreaseQ Search.DecreaseTransaction #1Transaction #2Transaction #3Transaction #4Transaction #5Transaction #6Liabilities (what we OWE)DecreaseUnpaid AccountsOpening: $Ending: $Bank LoanIncreaseIncreasePr308

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Answered: of Home le counts $14,600 $800 $22,700…

Business

Accounting

of Home le counts $14,600 $800 $22,700 $164,100 $6,500 $48,700 s for the month of Do

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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Sales Budget and Selling

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.

Question

mn Chapter 1 Post-Class Homework - Work- Microsoft Edge
https://www.ameengage.com/mod/quiz/attempt.php?attempt=4798713&cmid=1045348&page=4
AME Engage
Question 5
Not checked
Marked out
35.00
P Flag
question
Take me to the text
The following information pertains to Timothy Dalton's personal financial transactions.
Opening Balances - December 1, 2016
Cash
$14,600
$800
$22,700
$164,100
$6,500
$48,700
Contents of Home
Automobile
House
Unpaid Accounts
Bank Loan
Transactions for the month of December 2016.
1. Paid miscellaneous expenses for the month of December with $1,000 cash.
2. Purchased a new computer worth $1,000 with cash.
3. Paid credit card liability of $6,500 (Unpaid Accounts) in full.
4. Paid telephone, electricity and water bill for December with $1,200 cash.
5. Purchased $2,100 of groceries and goods for personal consumption with cash.
6. Deposited $4,600 salary earned during the month.
Do not enter dollar signs or commas in the input boxes.
Use the negative sign for a deficit.
The T-Account fields are labeled by transaction number. Record each transaction by entering the value into the corresponding T-Account field.
Required
a) Using the information provided, record the opening balances in the T-accounts.
b) Record the transactions for the month of December in the T-accounts.
Personal Balance Sheet
As at December 31, 2016
Q Search.
LONGED 18 0
Lr

m Chapter 1 Post-Class Homework - Work - Microsoft Edge
https://www.ameengage.com/mod/quiz/attempt.php?attempt=4798713&cmid=1045348&page=4
AME Engage
144Hz
Opening: $
Transaction #1
Increase
Transaction #2
Transaction #3
Transaction #4
Transaction # 5
Transaction # 6
Ending: $
Assets (what we OWN)
Increase
Cash
Contents of Home
Personal Balance Sheet
As at December 31, 2016
Decrease
Decrease
Q Search.
Decrease
Transaction #1
Transaction #2
Transaction #3
Transaction #4
Transaction #5
Transaction #6
Liabilities (what we OWE)
Decrease
Unpaid Accounts
Opening: $
Ending: $
Bank Loan
Increase
Increase
Pr
30
8

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