Exercise 1-11Two items are omitted from each of the following summaries of balance sheet and income.

Exercise 1-11Two items are omitted from each of the following summaries of balance sheet and income.

Exercise 1-11Two items are omitted from each of the following summaries of balance sheet and income statement data for two corporations for the year 2014, Steven Craig and Georgia Enterprises.Determine the missing amounts.StevenCraigGeorgiaEnterprisesBeginning of year:Total assets$116,924$155,497Total liabilities102,459(c)Total stockholders’ equity(a)90,405End of year:Total assets192,864216,972Total liabilities144,64860,270Total stockholders’ equity48,216156,702Changes during year in stockholders’ equity:Additional investment(b)30,135Dividends28,930(d)Total revenues259,161120,540Total expenses210,945Problem 1-2A (Part Level Submission)On August 31, the balance sheet of Donahue Veterinary Clinic showed Cash $, Accounts Receivable $, Supplies $, Equipment $, Accounts Payable $, Common Stock $, and Retained Earnings $. During September, the following transactions occurred.1.Paid $ cash for accounts payable due.2.Collected $ of accounts receivable.3.Purchased additional office equipment for $, paying $ in cash and the balance on account.4.Earned revenue of $, of which $ is collected in cash and the balance is due in October.5.Declared and paid a $ cash dividend6.Paid salaries $, rent for September $, and advertising expense $.7.Incurred utilities expense for month on account $.8.Received $ from Capital Bank on a 6-month note payable.(a)Prepare a tabular analysis of the September transactions beginning with August 31 balances. (If a transaction causes a decrease in Assets, Liabilities or Stockholders’ Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-8 for example.)DONAHUE VETERINARY CLINICAssetsLiabilitiesStockholders’ EquityCash+AccountsReceivable+Supplies+OfficeEquipment=NotesPayable+AccountsPayable+CommonStock+RetainedEarnings+Revenues–Expenses–DividendsBal.$$$$$$$$$$$1.2.3.4.5.6.7.8.$$$$=$$$$$$$Click if you would like to Show Work for this question:Open Show WorkShow List of AccountsLink to TextLink to TextLink to TextLink to VideoAttempts: 0 of 3 usedSave for laterSubmit Answer(b1)The parts66,297Problem 1-4A (Part Level Submission)Matt Stiner started a delivery service, Stiner Deliveries, on June 1, 2014. The following transactions occurred during the month of June.June 1Stockholders invested $ cash in the business in exchange for common stock.2Purchased a used van for deliveries for $. Matt paid $ cash and signed a note payable for the remaining balance.3Paid $ for office rent for the month.5Performed $ of services on account.9Declared and paid $ in cash dividends.12Purchased supplies for $ on account.15Received a cash payment of $ for services provided on June 5.17Purchased gasoline for $ on account.20Received a cash payment of $ for services provided.23Made a cash payment of $ on the note payable.26Paid $ for utilities.29Paid for the gasoline purchased on account on June 17.30Paid $ for employee salaries.(a)Show the effects of the previous transactions on the accounting equation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders’ Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-8 for example.)STINER DELIVERIESAssets=Liabilities+Stockholders’ EquityRetained EarningsDateCash+AccountsReceivable+Supplies+Equipment=NotesPayable+AccountsPayable+CommonStock+Revenues–Expenses–DividendsJune 1$$$$$$$$$$23591215172023262930$$$$=$$$$$$Click if you would like to Show Work for this question:Open Show Work

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