It is due Thrusday.
This is what I was suppose to read and what I read.
To purchase Land for $295,000.00:
Land Dr $295,000.00 Asset Increase
Bank Loan Cr ($195,000.00) Liability Increase
Cash Cr ($100,000.00) Asset Decrease
Entry Total 0.00
To Sale Land for $400,000.00:
Land Cr ($295.000.00) Asset Decrease
Cash Dr $105,000.00 Asset Increase
Bank Loan Dr $295,000.00 Liability Decrease
Revenue Cr ($105,000.00) Owner’s Equity Increase
Entry Total 0.00Payroll:
Expenses Dr $1,500.00 Owners’ Equity Decrease
Taxes Dr (698.00) Liability Increase (Employee Tax Payable)
Cash Cr (802.00) Asset Decrease
Ok thanks so much:)!!!!!!!!
How is it going?
Ok thanks so much:)!!!!
Wonderful can you lock the file for me...And I need one more short question done for me,,,Here it is below...I will pay extra
What does the term account mean? What are the different classifications of accounts? How do the rules for debits and credits impact accounts? Please provide an example of how debits and credits impact accounts.
I really need you to help me through this accounting class over these next 4 weeks thanks....
Ok thanks:)!!!!.Lock the files for me please.
yes it is due tonight.
That's okay...I will go ahead and submit what I already have done..I will get in touch with you sometime tomorrow...Have a great night:)!!!! Thanks anyway!!!
So you want me work on the writing part or are we done with this post.I am really sorry If we were late, from the next time always let me know your deadline in advance.
No do not work on the writing part. I have some other assignments I need help on and I will post them t you tomorrow....
If you can ...I really need help with my
Balance Sheet Journal The balance sheet is a financial snap shot of a company at a particular point in time. The balance sheet lists the assets, liabilities, and equity of the company. Reflect on your personal financial situation, can you apply the concepts of the balance sheet? What did you learn from this reflection?Here is the example sheet my instructor gave below:
Next with my Basic Accounting EquationsPlease complete each of the exercises below in a word document. Save the document, and submit to in week using the Assignment Submission button. Here is the exercise below:
Basic Accounting Equations
2. Analysis of transactions.
Set up the following headings across a piece of paper:
Assets = Liabilities + Owner's Equity
By using "+" and "-," indicate the effect of each of the following transactions on total assets, liabilities, and owner's equity:
3. Balance sheet preparation.
The following data relate to Preston Company as of December 31, 19XX:
Building $44,000 Accounts receivable $24,000
Cash 17,000 Loan payable 30,000
J. Preston, capital 65,000 Land 21,000
Accounts payable ?
Prepare a balance sheet in good form as of December 31, 19XX.
4. Statement preparation
The following information is taken from the accounting records of Grimball Cardiology at the close of business on December 31, 19X1:
All equipment was acquired just prior to year-end. Conversations with the practice's bookkeeper revealed the data that follow.
Rose Grimball, capital (January 1, 19X1) $300,000
19X1 owner investments 2,000
19X1 owner withdrawals 22,000
5. Recognition of normal balances
The following items appeared in the accounting records of Triguero's, a retail music store that also sponsors concerts. Classify each of the items as an asset, liability; revenue; or expense from the company's viewpoint. Also indicate the normal account balance of each item.
6.Basic journal entries
The following transactions pertain to the Jennifer Royall Company:
Received cash of $15,000 and land valued at $10,000 from
Jennifer Royall as an investment in the business.
Provided $1,200 of services to Jason Ratchford, a client.
Ratchford agreed to pay $800 in 15 days and the remaining amount in May.
Paid $250 of salaries to an employee.
Acquired a new computer for $3,200; Royall will pay the dealer in May.
Collected $800 from Jason Ratchford for services provided on April 5.
Borrowed $7,500 from BestBanc by securing a six-month loan.
Prepare journal entries (and explanations) to record the preceding transactions and events.
7. Journal entry preparation
On January 1 of the current year, MuniServ began operations with $100,000 cash. The cash was obtained from an owner investment by Peter Houston of $70,000 and a $30,000 bank loan. Shortly thereafter, the company acquired selected assets of a bankrupt competitor. The acquisition included land ($15,000), a building ($40,000), and vehicles ($10,000). MuniServ paid $45,000 at the time of the transaction and agreed to remit the remaining balance due of $20,000 (an account payable) by February 15.
During January, the company had additional cash outlays for the following items:
Purchases of store equipment
Loan payment, including $100 interest
The January utilities bill of $200 was received on January 31 and will be paid on February 10. MuniServ rendered services to clients on account amounting to $9,400. All customers have been billed; by month-end, $3,700 had been received in settlement of account balances.
8. Balance Sheet Review - Select a public company and down a copy of the company’s most recent annual report. You will use these financial statements throughout the rest of this course. As you are aware of the Balance Sheet lists the assets, liabilities, and owner’s equity of the company. Review the company’s balance sheet over a period of three years. Based on your review, what account experienced the largest increase? What account experienced the largest decrease? As a potential investor would either the increase or decrease be considered a positive or negative? Write a 150-200 word summary of the results of your balance sheet analysis.
I will definetely pay you extra:)I f you would please help me with this thanks so much Linda!!!
Can you help me with my Week 3 Assignments please:)!!!!
Thrusday...thanks so much!!!!!!!!!
but i have to go out of town so can you have it by tuesday or wednesday......thanks so much!!!!!!!!!
Will you be able to complete these assignments below for me Tuesday or Wednesday?
DiscussionsTo participate in the following discussions, go to this week's
Discussion link in the left navigation.
3. JournalTo complete the following journal entry, go to this week's Journal link in the left navigation.
Inventory Journal Reflect for a moment on the LIFO (Last in First Out) and FIFO (First in First Out) inventory methods. If you were starting a small manufacturing company, what inventory method do you believe would provide the most accurate financial statements? Why do you believe this is the case?
yes please everything all above
Are you there?
I really need help can you help me with this below and 4 questions I need only 100 words please
Most Important Ratio Journal
Reflect for a moment on the ratios (working capital, current ratio, quick ratio, debt to asset, debt to equity, times interest earned, gross margin and net margin) presented this week. If you were considering investing in a company what ratio would be the most important to you? Formulate and argument to defend your position.