Business, 20.09.2020 15:01 BIKRAMlawati5544

Daniels Company made the following selected transactions during May:1. Received cash from sale of stock, $55,0002. Paid creditors on account, $7,0003. Billed customers for services on account, $2,5654. Received cash from customers on account, $8,4505. Paid dividends to stockholders, $2,5006. Received the utility bill, $160, to be paid next monthIndicate the effect of each transaction on the accounting equation by:a) Account type - (A)assets, (L)liabilities, (SE)stockholders' equity, (R)revenue, and (E)expenseb) Name of accountc) The amount by of the transactiond) The direction of change (increase or decrease) in the account affectedNote: Each transaction has two entries.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 13:30, oddsome74

List five words to describe your dominant culture. list five words to describe a culture with which you are not a member, have little or no contact, or have limited knowledge. can someone give me a example on how to answer this?

Answers: 1

continue

Business, 22.06.2019 07:30, alexanderavrett

Awell-written business plan can improve your chances of getting funding and give you more free time. improved logistics. greater negotiating power.

Answers: 1

continue

Business, 22.06.2019 11:30, brucewayne390

Schonhardt corporation's relevant range of activity is 2,500 units to 5,500 units. when it produces and sells 4,000 units, its average costs per unit are as follows: averagecost per unitdirect materials $ 7.60direct labor $ 2.90variable manufacturing overhead $ 1.65fixed manufacturing overhead $ 2.90fixed selling expense $ 0.95fixed administrative expense $ 0.65sales commissions $ 0.75variable administrative expense $ 0.65if 4,500 units are produced, the total amount of fixed manufacturing cost incurred is closest to: multiple choicea $16,800b $11,400c $11,600d $15,400

Answers: 3

continue

Business, 22.06.2019 11:40, maddied2443

The following pertains to smoke, inc.’s investment in debt securities: on december 31, year 3, smoke reclassified a security acquired during the year for $70,000. it had a $50,000 fair value when it was reclassified from trading to available-for-sale. an available-for-sale security costing $75,000, written down to $30,000 in year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on december 31, year 3. what is the net effect of the above items on smoke’s net income for the year ended december 31, year 3?

Answers: 3

continue

You know the right answer?

Daniels Company made the following selected transactions during May:1. Received cash from sale of st...