Ans. Assets: Rs. 146,500: Capital: Rs. 136,500; Liablities: Rs. Nill E- 8Following transactions are given: i Commencement of business with cash Rs. 200,000, furniture Rs 25,000 and goods Rs 100,000.
ii. Goods sold on cash Rs. 40,000 and Rs. 60,000 on credit.
iii. Sold furniture to Shrijal Rs 15,000.
iv. Cash received from debtors Rs 6,500 in full settlement of Rs 7,000
v. Loan given Rs 10,000.
vi. Cash received from Shrijal Rs 14,000 in full settlement.
Required: Accounting Equation Ans: Assets: Rs. 323,500, Capital Rs. 323,500; Labaites: Aan 01

P11.2a (lo 2, 4) fechter corporation had the following stockholders’ equity accounts on january 1, 2020: common stock ($5 par) $500,000, paid-in capital in excess of par—common stock $200,000, and retained earnings $100,000. in 2020, the company had the following treasury stock transactions. journalize and post treasury stock transactions, and prepare stockholders’ equity section. mar. 1 purchased 5,000 shares at $8 per share. june 1 sold 1,000 shares at $12 per share. sept. 1 sold 2,000 shares at $10 per share. dec. 1 sold 1,000 shares at $7 per share. fechter corporation uses the cost method of accounting for treasury stock. in 2020, the company reported net income of $30,000. instructions a. journalize the treasury stock transactions, and prepare the closing entry at december 31, 2020, for net income. b. open accounts for (1) paid-in capital from treasury stock, (2) treasury stock, and (3) retained earnings. (post to t-accounts.) c. prepare the stockholders’ equity section for fechter corporation at december 31, 2020.

Most states have licensing registration requirements for child care centers and family daycare homes. these usually include minimum standard for operation. which of the following would you most likely find required in a statement of state licensing standards for child care centers?

Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.