The following table shows the effects of transactions through 5 on the assets, liabilities, and equity of Mulan's Boutique. Match eachtransaction with its probable description.1.2.3.4.5.1Cash$ 28,000 +4,7003.4.5.Transaction1.001,0702,250$ 24,480AAssetsAccountsReceivable$ 0002,25002,250$ 0715Supplies$ 3,70001,07000$ 4,770Description+++Land$ 22,5004,7000000$ 27,200Liabilities++Accounts Payable +$001,07001,0700$ 0EquityMulan,Capital$ 54,200 +100000$ 54,200Revenues002,25000$ 2,250

Name: The following table shows the effects of transactions through 5 on th
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: The following table shows the effects of transactions through 5 on the assets, liabilities, and equity of Mulan's Boutique. Match eachtransaction with its probable description.1.2.3.4.5.1Cash$ 28,000 +4,7003.4.5.Transaction1.001,0702,250$ 24,480AAss

The accounting equation states that assets are equal to the sum of the liabilities and equity. The…

Business

Accounting

The following table shows the effects of transactions 1 through 5 on the assets, liabilities, and equity of Mulan's Boutique. Match eac transaction with its probable description. 1. 2. 3. 4. - 5. + Cash $ 28,000 + 4,700 0 0 1,070 2,250 $ 24,480 + Transaction 1 Assets Accounts Receivable + Supplies $ 3,700 + 0 1,070 0 0 0 $ 4,770 $0 0 0 2,250 0 2,250 $0 + Description Land + $ 22,500 + 4,700 0 0 0 0 $ 27,200 Liabilities Accounts Payable + $0 + 0 + + 1,070 0 1,070 0 $0 + Mulan, Capital Equity + $ 54,200 + 0 0 0 0 0 $ 54,200 Revenues $0 0 0 2,250 0 0 + $ 2,250

The following table shows the effects of transactions 1 through 5 on the assets, liabilities, and equity of Mulan's Boutique. Match eac transaction with its probable description. 1. 2. 3. 4. - 5. + Cash $ 28,000 + 4,700 0 0 1,070 2,250 $ 24,480 + Transaction 1 Assets Accounts Receivable + Supplies $ 3,700 + 0 1,070 0 0 0 $ 4,770 $0 0 0 2,250 0 2,250 $0 + Description Land + $ 22,500 + 4,700 0 0 0 0 $ 27,200 Liabilities Accounts Payable + $0 + 0 + + 1,070 0 1,070 0 $0 + Mulan, Capital Equity + $ 54,200 + 0 0 0 0 0 $ 54,200 Revenues $0 0 0 2,250 0 0 + $ 2,250

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Subject - account Please help me. Thankyou.
Required: a. What is the ratio of real assets to total assets? (Hint: for this question, only include those listed under "Real assets") b. What is the ratio of real assets to total assets for nonfinancial firms in the following table? Assets Real assets Equipment and intellectual property Real estate Inventories Total real assets Financial assets Deposits and cash Marketable securities Required A $ Billion $ 8,345 14,423 2,724 $ 25,492 Required B $ 2,333 4,059 4,075 14,005 $ 24,472 $ 49,964 % Total 16.7% 28.9 5.5 51.0% 4.7% 8.1 8.2 28.0 49.0% 100.0% Liabilities and Net Worth Liabilities Debt securities Bank loans & mortgages Other loans Trade debt Other Total liabilities Complete this question by entering your answers in the tabs below. Net worth $ Billion Trade and consumer credit Other Total financial assets TOTAL Balance sheet of U.S. nonfinancial corporations Note: Column sums may differ from total because of rounding error. Source: Flow of Funds Accounts of the United States,…
From the following details prepare a summarized balance sheet of Anitha and Company as on 31.12.2018. Fixed assets to net-worth: 0.75:1 Current ratio 2:1 Liquid ratio 3:2 Reserves included in Proprietors" Fund 1:4 07 Page 2 of 4 Current Liabilities Rs.2, 00, 000 Cash and bank balancesRs .10,000 Fixed Assets Rs.6,00,000.
Blythe Industries reports the following account balances: inventory of $417,600, equipment of $2,028,300, accounts payable of $224,700, cash of $51,900, and accounts receivable of $313,900. What is the amount of the current assets? a. $46,700 b. $783,400 c. $56,000 d. $975,000 e. $699,700
please answer correct and complete with working
1. The balance sheet of Ysabel coffee shop for selected years is presented below: Cash Accounts Receivables, net Inventories Prepaid Rent Total Current Assets Equipment and Fixtures Less: Accumulated Depreciation Total Fixed Assets TOTAL ASSETS Accounts Payable Notes Payable Accruals Total Current Liabilities Long-term Debt Owner's Capital TOTAL LIABILITIES AND CAPITAL .Year 2 299,896 ? 500,009 44 Page 1,894,559 220,000 1.280,961 406,728 409,000 631,980 1,905,966 808,000 Year 1 219,000 aft 66,094 227,713 400,000 1,287,157 281,581 gibt sich seat 540,000 671,870 2,002,624 889,000 REQUIRED: a..Complete the balance sheet. b. Prepare a common-size balance sheet for each year. c. Prepare a trend analysis using Year 1 as a base. d. Discuss orally in front of the class, in what can you say about the coffee shop's performance based on your assessment. Individual presentation
V Use the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable Accounts receivable Accrued liabilities Cash $34,989 66,770 6,185 17,598 39,822 89,571 98,246 70,130 Intangible assets Inventory Long-term investments Long-term liabilities Notes payable (short-term) Property, plant, and equipment Prepaid expenses Temporary investments Based on the data for Harding Company, what is the amount of working capital? Oa. $608,269 Ob. $149,965 Oc. $212,546 Od. $959,971 21,407 609,357 1,088 37,519
3. II 1. Show the impact (with amounts) of each of the following items on the horizontal C. equation. For the asset section, name the specific accounts impacted. i. Record Sales during the year on account of $205,000. ii. Show the impact of $190,000 cash collected during the year. ii. Establish an Allowance for Uncollectible Accounts at year-end. Study guide - Chapter 5 (with solutions).docx iv. In the following year, an account worth $6,000 is determined to be uncollectible, what is the entry? V. A receivable for $3,500 that was previously written off is collected. What is the 2 step entry? Cash + Stockholders' Equity Assets = Liabilities Revenues Expenses Net Income Flow 2. Te
1
Create a comparative financial statement from the following:
Please do not give solution in image format thanku
pls answer the following question thanks