Horngren's Accounting, Student Value Edition (12th Edition)

12th Edition

ISBN: 9780134487151

Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura

Publisher: PEARSON

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Textbook Question

Chapter 1, Problem P1.47BPGB

Using the accounting equation for transaction analysis

Meg McIntyre opened a public relations firm called Pop Chart on August 1, 2018. The following amounts summanze her business on August 31,2018:

Learning Objective 4

Cash $12,650

Chapter 1, Problem P1.47BPGB, Using the accounting equation for transaction analysis Meg McIntyre opened a public relations firm

During September 2018, the business completed the following transactions:

a. Meg McIntyre contributed $14,000 cash in exchange for capital.
b. Performed service for a client and received cash of $1,600.
c. Paid off the beginning balance of accounts payable.
d. Purchased office supplies from OfficeMax on account, $1,200.
e. Collected cash from a customer on account, $2,300.
f. McIntyre withdrew $1,500.
g. Consulted for a new band and billed the client for services rendered, $4,000.
h. Recorded the following business expenses for the month:
Paid office rent: $900.

Paid advertising: $450.
Analyze the effects of the transactions on the accounting equation of Pop Chart using the format presented above.

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Chapter 1, Problem P1.46APGA

Chapter 1, Problem P1.48BPGB

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Chapter 1 Solutions

Horngren's Accounting, Student Value Edition (12th Edition)

Ch. 1 - Prob. 1QC Ch. 1 - Which of the following is not an external user of...Ch. 1 - Prob. 3QC Ch. 1 - Prob. 4QC Ch. 1 - Prob. 5QC Ch. 1 - Which of the following requires accounting...Ch. 1 - At the end of a recent year, Global Cleaning...Ch. 1 - Consider the overall effects on Global Cleaning...Ch. 1 - Assume that Global Cleaning Service performed...Ch. 1 - The balance sheet reports the Learning Objective 5...

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