Business, 04.09.2019 18:30, sarah02152005

Smith company purchased $100 of supplies for her business and paid immediately. she would record this transaction in the accounting equation by which of the following?
decrease cash; increase supplies.

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Business, 22.08.2019 23:10, Angela1998

Assuming the role of an accountant, your new client suzie maye needs in setting up basic accounting practices for her business. you begin by showing her how to set up a transaction analysis based on the accounting equation of assets = liabilities + owner’s assets. you show suzie how to enter the various assets, liabilities and owner’s assets into the transaction analysis template demonstrating the balance based on the equation. this will suzie understand that through this process every financial transaction that occurs in her business must be reconciled on each side of the equation. record the following transactions using transaction analysis. use the template to complete this assignment. 1-may owner, suzie maye, invested $7,000 in her business, matrix consulting. 2-may company paid monthly rent, $900. 3-may company bought supplies on account, $600. 5-may company paid monthly advertising, $125. 9-may company performed services, $4,000. 12-may owner, suzie maye, withdrew $1,000 for personal use. 15-may company performed services on account for $5,400. 17-may company paid monthly salaries, $2,500. 20-may company made a payment on account, $600. 23-may company received $4,000 from a customer on account. 26-may company borrowed $5,000 from local bank. 29-may company bought equipment on account for $4,200. 30-may company paid monthly utilities, $275.

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Business, 04.09.2019 22:30, kayla8243

Jackson company purchased office equipment costing $3,000 for his business and paid immediately. record this transaction in the accounting equation by:

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Business, 09.10.2019 21:00, nev322

Lita lopez started biz consulting, a new business, and completed the following transactions during its first year of operations. a. lita lopez invests $61,000 cash and office equipment valued at $32,000 in the company.b. the company purchased an office suite for $45, 000 cash.c. the company purchased office equipment for $5,000 cash.d. the company purchased $3,300 of office supplies and $1,800 of office equipment on credit.e. the company paid a local newspaper $910 cash for printing an announcement of the office’s opening.f. the company completed a financial plan for a client and billed that client $4,900 for the service.g. the company designed a financial plan for another client and immediately collected a $8,500 cash fee.h. lita lopez withdrew $1,400 cash from the company for personal use.i. the company received $3,900 cash as partial payment from the client described in transaction f.j. the company made a partial payment of $900 cash on the equipment purchased in transaction d.k. the company paid $2,500 cash for the office secretary’s wages for this period.required 1. create a table like the one in exhibit 1.9, using the following headings for the columns: cash; accounts receivable; office supplies; office equipment; building; accounts payable; notes payable; l. lopez, capital; l. lopez, withdrawals; revenues; and expenses. 2. use additions and subtractions within the table created in part 1 to show the dollar effects of each transaction on individual items of the accounting equation. show new balances after each transaction. 3. once you have completed the table, determine the company’s net income.

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Business, 31.10.2019 02:31, guzmangisselle

You are operating your accounting firm. your first client had the following transactions in april 20x7: borrowed $10,000 from the bank. purchased $2,250 of computer equipment for cash. paid $750 cash for this month’s rent. purchased $1,500 of office supplies on credit. it is expected that these supplies will last for 3 months. billed $500 to customers for services rendered during april. paid cash for the $1,500 balance owed to the vendor from transaction 4. collected $450 cash of the amount billed to the customer in transaction 5. sold one-half of the equipment purchased in transaction 2 for $1,125 in cash, with no gain or loss recognized on the sale. paid $1,000 of the principal from the loan in transaction 1, along with $50 in interest. required: 1. use the four steps in the accounting cycle to analyze business transactions, a) identifying transactions from source documents, b) analyzing transactions using the accounting equation, c) recording the journal entry and d) posting the entry to the ledger to complete the following: 2. prepare journal entries for each of the above transactions.

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Smith company purchased $100 of supplies for her business and paid immediately. she would record this transaction in the accounting equation by which of the following? decrease cash; increase supplies.

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Smith company purchased $100 of supplies for her business and paid immediately. she would record this transaction in the accounting equation by which of the following?
decrease cash; increase supplies.