Calculate the unknown amounts appearing in each column. C eginning $50.000 $45.000 Assets $55.000 30.000 10.000 Liabilities 45.000 Enaing Assets $54.000 $42.000 $48.000 ? 20.000 15.000 Liabilities...


Howe to solve for ?  On open of the columns


Calculate the unknown amounts appearing in each column.<br>C<br>eginning<br>$50.000<br>$45.000<br>Assets<br>$55.000<br>30.000<br>10.000<br>Liabilities<br>45.000<br>Enaing<br>Assets<br>$54.000<br>$42.000<br>$48.000<br>?<br>20.000<br>15.000<br>Liabilities<br>During Year<br>Sales revenue<br>?<br>$42.000<br>$42.000<br>35.000<br>13.000<br>25.000<br>Expenses<br>1,000<br>Dividends<br>1,500<br>-6. Prepare journal entries for the following events during the month of November.<br>I) Stockholders invested $50,000 cash in the business in exchange for common stock.<br>2 Purchased two desktop computers, software, and a printer for $5,000 cash.<br>3) Paid $2.000 cash for rent on an office for the month of November<br>4 Purchased an advertisement in a local newspaper for $500 cash, announcing the ope<br>new business.<br>5) Paid $3,000 cash for wages of an employee.<br>6) Received $2,000 cash from customers for the sales previously completed.<br>7) Paid $500 cash toward the company's accounts payable balance.<br>n iournal entries.<br>6dertising expense<br>

Extracted text: Calculate the unknown amounts appearing in each column. C eginning $50.000 $45.000 Assets $55.000 30.000 10.000 Liabilities 45.000 Enaing Assets $54.000 $42.000 $48.000 ? 20.000 15.000 Liabilities During Year Sales revenue ? $42.000 $42.000 35.000 13.000 25.000 Expenses 1,000 Dividends 1,500 -6. Prepare journal entries for the following events during the month of November. I) Stockholders invested $50,000 cash in the business in exchange for common stock. 2 Purchased two desktop computers, software, and a printer for $5,000 cash. 3) Paid $2.000 cash for rent on an office for the month of November 4 Purchased an advertisement in a local newspaper for $500 cash, announcing the ope new business. 5) Paid $3,000 cash for wages of an employee. 6) Received $2,000 cash from customers for the sales previously completed. 7) Paid $500 cash toward the company's accounts payable balance. n iournal entries. 6dertising expense

Jun 02, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here