Chapter 1, Problem 3CP

1)

To determine

Indicate the effect of each given transaction of Company SNV on the accounting equation.

2)

To determine

Prepare income statement for Company SNV for the month ended September 30, 2016.

3)

To determine

Prepare statement of owner's equity for Company SNV for the month ended September 30, 2016.

4)

To determine

Prepare balance sheet for Company SNV for the month ended September 30, 2016.

5)

To determine

Compare two given alternatives to get the most income per month.

6)

To determine

Discuss all the factors LD should consider before a long term arrangement with PTC.