subject
Business, 08.10.2020 01:01 gabbym39077

1. Rick Radar, the sole stockholder, invested $15,000 cash in the business in exchange for common stock. 2. Rick contributed $22,000 of equipment to the business in exchange for common stock. 3. The company provided $8,000 of services to customers on account. 4. The company paid $1,000 cash to rent office space for the month of March and April ($500 per month). 5. The company collected $11,000 cash for repair services, $10,000 representing payment for services provided during March* and $1,000 representing payment for services to be provided in April. *these are additional March services & are unrelated to transaction #3. 6. The company paid $1,000 for salaries for the month of March. 7. The company purchased $2,000 of supplies. Radar paid $1,000 of cash at the time the supplies were delivered and purchased the remaining supplies on account. 8. The company collected $3,000 from customers as payment on account for services rendered on account in March (transaction #3). Based on this information, total stockholder's equity reported on the balance sheet at the end of March would be:

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 10:10, kratose
Rats that received electric shocks were unlikely to develop ulcers if the
Answers: 1
image
Business, 22.06.2019 19:00, williamsvilletiles
When making broccoli cream soup, the broccoli and aromatics should be a. burned. b. simmered. c. puréed. d. sweated.
Answers: 2
image
Business, 22.06.2019 20:30, boog89
Mordica company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $156,960, $382,800, and $84,640, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,180, machine hours 25,520, and number of inspections 1,840. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection
Answers: 1
image
Business, 22.06.2019 20:30, bbby2
1. what is the lowest balance during this period? 2. lily just received her bank statement below. a. what does the bank think her ending balance is? b. how much more does the bank think lily has? c. what transactions are missing? 3. what is the danger of not balancing your bank account? lily’s bank statement deposits: 2/25 $35 2/26 $20 3/1 $256.32 checks: 2/24 ck #301 $25 2/26 #302 $150 debit card: 2/24 american eagle $75.48 2/25 chick fa la $4.67 2/27 mcdonalds $3.56 2/28 chevron $34.76 withdrawal: 2/27 $40 beginning balance $423.34 deposits $311.32 total debits $333.47 ending balance $401.19
Answers: 1
You know the right answer?
1. Rick Radar, the sole stockholder, invested $15,000 cash in the business in exchange for common st...

Questions in other subjects: