4. Provide the missing amounts of the accounting equation for each of the followingcompanies.-GianniForest$222,000$387,0007,000AssetsLiabilities?Equity147,000?5. Journalize for Harper and Co. each of the following transactions or state no entryrequired and explain why. Be sure to follow proper journal writing rules.A. A corporation is started with an investment of $50,000 in exchange for stock.-B. Equipment worth $4,800 is ordered.C. Office supplies worth $750 are purchased on account."D. A part-time worker is hired. The employee will work 15–20 hours per weekstarting next Monday at a rate of $18 per hour.E. The equipment is received along with the invoice. Payment is due in three equalmonthly installments, with the first payment due in sixty days."

Name: 4. Provide the missing amounts of the accounting equation for each of
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Description: 4. Provide the missing amounts of the accounting equation for each of the followingcompanies.-GianniForest$222,000$387,0007,000AssetsLiabilities?Equity147,000?5. Journalize for Harper and Co. each of the following transactions or state no entryrequi

4) Amount $ Assets 222,000 Less: Equity -147,000 Liabilities…

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Provide the missing amounts of the accounting equation for each of the fo companies. Gianni Forest $387,000 7,000 Assets $222,000 Liabilities ? Equity 147,000 ? Journalize for Harper and Co. each of the following transactions or state required and explain why. Be sure to follow proper journal writing rules. A. A corporation is started with an investment of $50,000 in exchange for st 3. Equipment worth $4,800 is ordered. C. Office supplies worth $750 are purchased on account. O. A part-time worker is hired. The employee will work 15-20 hours p starting next Monday at a rate of $18 per hour. E. The equipment is received along with the invoice. Payment is due in thr monthly installments, with the first payment due in sixty days.

Provide the missing amounts of the accounting equation for each of the fo companies. Gianni Forest $387,000 7,000 Assets $222,000 Liabilities ? Equity 147,000 ? Journalize for Harper and Co. each of the following transactions or state required and explain why. Be sure to follow proper journal writing rules. A. A corporation is started with an investment of $50,000 in exchange for st 3. Equipment worth $4,800 is ordered. C. Office supplies worth $750 are purchased on account. O. A part-time worker is hired. The employee will work 15-20 hours p starting next Monday at a rate of $18 per hour. E. The equipment is received along with the invoice. Payment is due in thr monthly installments, with the first payment due in sixty days.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 1EB: Provide journal entries to record each of the following transactions. For each, identify whether the...

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