Pearson ACT - Sole Proprietorship - Google Chromeact.pearsoncmg.com/activity/2/2/2Type here to searchBright, the owner, withdrew cash.Account #1Account #2Account #1Made payment on notes payableAccount #2Prepaid for rent.Account #1Account #2Account TypeO 발Account TypeAccount TypeAccount TypeAccount TypeAccount Type19Increase/DecreaseIncrease/DecreaseIncrease/DecreaseIncrease/DecreaseIncrease/DecreaseIncrease/DecreaseYUZUdqbDebit/CreditDebit/CreditDebit/CreditDebit/CreditDebit/CreditDebit/Credit90°F9:32 AM6/27/202220X

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Description: Pearson ACT - Sole Proprietorship - Google Chromeact.pearsoncmg.com/activity/2/2/2Type here to searchBright, the owner, withdrew cash.Account #1Account #2Account #1Made payment on notes payableAccount #2Prepaid for rent.Account #1Account #2Account T

As per accounting equation of the business, total assets must be equal to total liabilities and…

Business

Accounting

Pearson ACT-Sole Proprietorship - Google Chrome act.pearsoncmg.com/activity/2/2/2 #H Type here to search Bright, the owner, withdrew cash. Account #1 Account #2 Account #1 Made payment on notes payable Account #2 Prepaid for rent. Account #1 Account #2 PO O BI E Account Type O Account Type Account Type Account Type Account Type Account Type 16 Increase/Decrease Increase/Decrease Debit/Credit Debit/Credit Increase/Decrease. Debit/Credit Increase/Decrease Debit/Credit Increase/Decrease Increase/Decrease Debit/Credit Debit/Credit (2) 90°F O 4) 9:32 AM 6/27/2022 C X 20

Pearson ACT-Sole Proprietorship - Google Chrome act.pearsoncmg.com/activity/2/2/2 #H Type here to search Bright, the owner, withdrew cash. Account #1 Account #2 Account #1 Made payment on notes payable Account #2 Prepaid for rent. Account #1 Account #2 PO O BI E Account Type O Account Type Account Type Account Type Account Type Account Type 16 Increase/Decrease Increase/Decrease Debit/Credit Debit/Credit Increase/Decrease. Debit/Credit Increase/Decrease Debit/Credit Increase/Decrease Increase/Decrease Debit/Credit Debit/Credit (2) 90°F O 4) 9:32 AM 6/27/2022 C X 20

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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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.…
WORKSHOP NO. 7 INCOME STATEMENT AND BALANCE SHEET adjusted trial balance Trial balance adjustment INCOME STATEMENT BALANCE SHEET DEBIT DEBIT CREDIT ACCT NO. ACCOUNT NAME CREDIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT 97,430 91,340 24,000 700. 101,500. 100,000. 97 430 91,340 24,000. 700. 101,500 100,000. B101 Cash on Hand Loan Receivable Office equipment Office supplies-prepaid Savings deposit Loan payable Accounts payable EC/SSS/Payable Withholding tax payable Share capital Interest income Service fee Salaries and wages Office supplies expense Meetings and conferences Travel and transportation Power, light and water Membership fee Total 102 103 104 201 202 203 204 900. 1,100. 3,500 16,810. 2,010 900. 205 301 401 1,100. 3,500. 16,810. 2,010. 402 501 11,000. 50. 300 11,000. 50. 300 500. 502 503 504 500, 900. 505 403 900. 400. 400. 226,220 226,220, Depreciation expense Accumulated Depreciation Total 400. 506 103,a 400. 400 400.00 226,620 226.620. 400. 400.00 NET SURPLUS
What’s the weather form open the following accounts using the picture below.
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eNOWv2 | Online teachin X + Wilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... A Accounts Receivable Analysis Xavier Stores Company and Lestrade Stores Inc. are large retail department stores. Both companies offer credit to their customers through their own credit card operations. Information from the financial statements for both companies for two recent years is as f (in millions): Xavier Lestrade Sales $255,500 $357,700 Credit card receivables-beginning 24,416 47,840 Credit card receivables-ending 20,384 36,832 a. Determine the (1) accounts receivable turnover and (2) the number of days' sales in receivables for both companies. Round answers to one decimal place. Assume 365 days a year. Xavier Lestrade 1. Accounts receivable turnover days days 2. Number of days' sales in receivables than Lestrade's. The number of days' sales in receivables is b. Xavier's accounts receivable turnover is for Xavier than for Lestrade. These differences…
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ADDITIONAL PRACTICE PROBELM: TRANSACTION JOURNAL ENTRIES Do you know your Left from your Right? Debits and Credits as you shop Instructions: Below are some examples of transactions that college students might engage in. For each transaction record the proper journal entry. Transaction Journal entry 1. You buy a computer for $1,500.00 on credit DR: $1,500.00 CR: $1,500.00 | 2. You purchase for cash ($2.00) and consume a DR: $2.00 St. Pauli Girl at the local pub. CR: $2.00 3. You purchase for future consumption a case DR: $35.00 of St. Pauli Girl for $35.00 cash CR: $35.00 4. You work a part-time job and receive $500 in DR: $500.00 monthly compensation CR: $500.00 5. You pay $1,000 toward the computer purchased DR: $1.000.00 in (1) above. CR: $1,000.00
What is the net income?
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Beamish Incorporated, which produces a single product, has provided the following data for its most recent month of operations: Number of units produced Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense Multiple Choice There were no beginning or ending inventories. The absorption costing unit product cost was: $101 per unit $139 per unit $106 per unit 10,900 $ 51 $ 50 $223 per unit $5 $9 $359,700 $817,500
How do I record the current transaction?
g In | Federa x M UMassD Logor X EQuickLaunch -x K myCourses Da: x Univ of Mass - X * Cengage Die education.com mework i Saved View transaction list Journal entry worksheet 1 4 6 7 8 9. 10 cearch 近