subject
Business, 28.11.2019 08:31 aaronpmoore4137

Nature of transactions
kristoff walker operates his own catering service. summary financial data for february are presented in equation form as follows. each line designated by a number indicates the effect of a transaction on the equation. each increase and decrease in owner's equity, except transaction (5), affects net income.
assets = liabilities + owner's equity
cash + supplies + land = accounts payable + kristoff walker, capital - kristoff walker, drawing + fees earned - expenses
bal. 34,700 4,500 86,800 9,400 116,600
1. +40,600 +40,600
2. -17,400 +17,400
3. -30,200 -30,200
4. +1,700 +1,700
5. -2,300 -2,300
6. -8,300 -8,300
7. -3,500 -3,500
bal. 17,100 2,700 104,200 2,800 116,600 -2,300 40,600 -33,700
a. (1) select the description for transaction 1.

a. (2) select the description for transaction 2.

a. (3) select the description for transaction 3.

a. (4) select the description for transaction 4.

a. (5) select the description for transaction 5.

a. (6) select the description for transaction 6.

a. (7) select the description for transaction 7.

b. what is the amount of the net decrease in cash during the month?
$
c. what is the amount of the net increase in owner's equity during the month?
$
d. what is the amount of the net income for the month?
$
e. how much of the net income for the month was retained in the business?
$

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 21:00, DakRain
The price of trade suppose that portugal and sweden both produce rye and wine. portugal's opportunity cost of producing a bottle of wine is 4 bushels of rye while sweden's opportunity cost of producing a bottle of wine is 10 bushels of rye. by comparing the opportunity cost of producing wine in the two countries, you can tell thatportugal/sweden has a comparative advantage in the production of wine. andportugal/sweden has a comparative advantage in the production of rye. suppose that portugal and sweden consider trading wine and rye with each other. portugal can gain from specialization and trade as long as it receives more rye for each bottle of wine it exports to sweden. similarly, sweden can gain from trade as long as it receives more bottles of wine for each bushel of rye it exports to portugal. based on your answer to the last question, which of the following prices of trade (that is, price of wine in terms of rye) would allow both sweden and portugal to gain from trade? a. 1 bushels of rye per bottle of wineb. 8 bushels of rye per bottle of winec. 9 bushels of rye per bottle of wined. 3 bushels of rye per bottle of wine
Answers: 3
image
Business, 22.06.2019 07:00, kaishat1092
Need true or false 1 2 3 4 5 6 7 8
Answers: 1
image
Business, 22.06.2019 12:30, deedee363
In the 1970s, kmart used blue light specials to encourage customers to flock to a particular department having a temporary sale. a spinning blue light activated for approximately 30 seconds, and then an in-store announcement informed shoppers of the special savings in the specific department. over time, loyal kmart shoppers learned to flock to the department with the spinning blue light before any announcement of special savings occurred. if kmart was employing classical conditioning techniques, what role did the spinning blue light play?
Answers: 3
image
Business, 22.06.2019 16:00, winstonbendariovvygn
If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?
Answers: 3
You know the right answer?
Nature of transactions
kristoff walker operates his own catering service. summary financial da...

Questions in other subjects:

Konu
Mathematics, 28.12.2019 10:31
Konu
English, 28.12.2019 10:31