Accounting Problems

E3-4 A tabular epitome of the transactions do during tyrannical 2012 by Nigel confederation during its first month of operations is shown below. Each ensnare up and decrease in breed certificateholders fair-mindedness is explained. Instructions (a) Describe to each one transaction. 1. The companionship issued shares of stock to stockholders for 20,000 immediate retribution. 2. The keep company purchased $4,000 of equipment on the identify and paying(a) $1,000 hard currency towards equipment. 3. The company purchased $750 in supplies with cash 4. caller-out gained $9,500 in retained earnings. $5,400 in accounts receivable and $4,100 in cash. 5. attach to paid $1,500 cash toward accounts payable 6. companion paid 2,000 cash toward dividends 7. Company paid $800 cash for rent 8. A retribution of $450 cash was make to accounts receivable 9. A payment of $3,000 cash was made for Sal. Expenses 10. $300 payment made from accounts payable for utilities (b) prepare how more than stockholders equity increase for the month. The shareholders equity for the month Issued Stock- 20,000 usefulness Revenue- 9,500 Dividends- (2,000) Rent- (800) Salaries- (3,000) Utilities-(300) Increases in Stockholders Equity- 23,400 (c) Compute the net income income for the month. The net income for the month was $5,400 1. operate revenue- 9,500 2. Rent-(800) 3. Salaries-(3,000) 4.

Utilities-(300) E3-9 The May transactions of StepAside hatful were as follows. May 4 paid $700 due for supplies previously purchased on account. 7 Performed informative services on account for $6,800. 8 Purchased supplies for $850 on account. 9 Purchased equipment for $1,000 in cash. 17 compensable employees $530 in cash. 22 true bill for equipment repairs of $900. 29 Paid $1,200 for 12 months of insurance policy. coverage begins June 1. | Cash| Prepd Ins| A/R| fit out| A/P| Salaries| Rev| Exp| 4-May|...If you hope to get a full(a) essay, order it on our website: Orderessay

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