Budgeting issues at the movies: J. a. Paid part-time receptionist for two weeks salary including the amount owed on April 30, 750. 5. b. Instructions 1. (j) Withdrew cash for personal use, 100. At the end of May, the following adjustment data were assembled. a. c. Paid April rent for office and workroom, 3,150. d. Paid cash for supplies, 1,450. e. Purchased office and computer equipment on account, 6,500. f. Paid cash for annual insurance policies on automobile and equipment, 2,400. g. Received cash from a client for plans delivered, 12,000. h. Paid cash to creditors on account, 1,800. i. Required: Received cash from customers on account, 88,000. k. Determined that the cost of supplies on hand was 5,900; therefore, the cost of supplies used during the month was 3,600. l. Withdrew 12,000 cash for personal use. h. The company collected $5,000 cash as a partial payment for the amount owed by the client in transaction e. A:Requirement 1: Indicate the effect of the given transactions. On June 1 of the current year, Chad Wilson established a business to manage rental property. (i) Paid electricity bill, 85. Determine the net income for June. The American Chamber of Commerce in South China. Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. On june 1, merando company borrows $90,000 from first bank on a 6-month, $90,000, 8% note. a. b. Owner invested $57,000 cash in the company along with equipment that had a $27,000 market value in exchange for its common stock. a. 3. a. Expenses Any additional hours beyond 80 will be billed to KXMD at 40 per hour. + Instructions 1. d. Paid rent on office and equipment for the month, $5,000. Dividends in the amount of $1,500 were distributed. 500. c. Bought catering equipment on account from Luigis Equipment, 3,795. d. Paid the rent for the month, 1,255, Ck. No. a., A:Journalin book keeping and accounting is a log book to keep record of the monetary transactions. The company paid $1,500 cash for rent of office space for the month. During the month, Knaus. March transactions are as follows : Determine the following: a. Paid part-time receptionist for two weeks salary, 750. Paid 800 to a local radio station to advertise the services of PS Music twice daily for the remainder of July. 4.Paid an attorney 900 for reviewing the July 3 contract with KXMD. Accounts containing only a single entry do not need a balance. Bal. So lets make no longer delay & start chatting immediately. No principal payments are made, only interest is paid. During June, Ming Chen (the owner) completed these transactions. 2. 18.Purchased supplies on account, 850. Required h. Purchased land as a future building site, paying cash of $120,000. %24 Determine the amount of Joel Palks capital as of July 1 of the current year. the following transactions, A:Post-closing trial balance: The post-closing trial balance is a summary of all ledger accounts, and, Q:On September 1 of the current year, Joy Tucker established a business to manage rental property. 15. the. Transactions completed during the month follow. During the first month, the, A:The accounting equation refers to an equation that equates the total assets with the sum of total, Q:Prepare the following below) Ms. Smith established an enterprise to be known as New york Designs, on, A:Journal entry: Equity Paid dividends, $3,000. b. Apr. 1,500 a. 10,000 Hello. The contract requires PS Music to provide a guest disc jockey for SO hours per month for a monthly fee of 3,600. If you want the answer, Q:Victoria Rivera owns and manages a consulting firm called Prisek, which began operations on July 1., A:Financial statements: These refer to the formal or official records of the activities of the, A:As per accounting equation Assets = Liabilities, where liabilities comprises of liability and, Q:Architects completed the following transactions: Determine the following: a. Journal entry should have, Q:On June 1 of the current year, Chad Wilson established a business to manage rental property. 2. Opened a business hank account in the name of Stanley Insurance Inc., with a deposit of $60000 in exchange for common stock. J. i. 4. Paid 1,500 cash and agreed to pay the balance of 2,000 in four monthly installments. a. 0. Analyze and journalize each transaction in a two-column journal beginning on Page 1, omitting journal entry explanations. The company paid $10,000 cash to settle the liability created in transaction c. During June, Ming Chen (the owner) completed these transactions. Hire Professional Writer And Get A+ Grades In Your Homework. Hal Smith opened Smith's repairs on 01.03. A:a)Indicate the effect of the given transactions. On March 1 of this year, B. Gervais established Gervais Catering Service. (g) Paid wages to part-time employee, 500. h. Purchased land as a future building site, paying cash of $120,000. 25,000 (Hint: Verify the equality of the debit and credit balances in the ledger before proceeding with the next instruction.) Indicate the effect of each transaction and the balances after each transaction, using the following tabular headings: 2. Assets Liabilities Equity Cash Accounts Receivable Equipment Accounts Payable M.Chen, Capital M. Chen, Withdrawals Revenues Expenses a $ 60,000 $ 15,000 $ 75,000 b $ -1,500 $ -1,500 $ 58,500 $ - $ 15,000 $ - $ 75,000 $ - $ - $ -1,500 c $ 10,000 $ 10,000 $ 58,500 $ - $ Computer Graphics and Multimedia Applications, Investment Analysis and Portfolio Management, Supply Chain Management / Operations Management. 7,500 8. Instructions 1. A balance sheet In tabular form below the equation, indicate increases and decreases resulting from each transaction and the new balances after each transaction. Purchased supplies for cash, 1,750. During June, Ming Chen (the owner) completed these transactions. 502. f. Sold catering services for cash for the first half of the month, 3,012. g. Bought supplies for cash, 185, Ck. EXHIBIT 1.9: Summary of Transactions Using the Accounting Equation. Served as disc jockey for a party for 2,500. C. The company purchased $10,000 of additional equipment on credit (payment due within 30 days). Show new balances after each transaction. 24 Record the transactions and the balance after each transaction. Owner invested $62,000 cash in the company along with equipment that had a $23,000 market value in exchange for its common stock b. I can do this easily because I have several experiences to write articles on different web sites, creative content for several blogs & also SEO writing. h. Purchased land as a future building site, paying cash of $120,000. Gutierrez Company, a publicly held corporation, operates a, Budgeting for a Single Product: 5. c. Amount of net income for August. 4. Owner invested a. 29.Paid miscellaneous expenses, 540. Ken Jones, an architect, opened an office on April 1, 2019. The following, A:Unadjusted Trial Balance - If you want the answer, Q:Architects completed the following transactions: Required 1. Record these transactions directly in the following T accounts, without journalizing: Cash; Accounts Receivable; Supplies; Prepaid Insurance; Automobiles; Equipment; Notes Payable; Accounts Payable; Ken Jones, Capital; Professional Fees; Rent Expense; Salary Expense; Blueprint Expense; Automobile Expense; Miscellaneous Expense. 27. 2023 White PaPer. Owner invested $60,000 cash in the company along with equipment that had a $15,000 market value. (k) Paid wages to part-time employee, 500. Owner invested $60,000 cash in the company along with equipment that had a $15,000 market value. (Enter decreases to account balances with a 31. 2. 27.Paid electric bill, 915. During the month, she completed the, A:Journal entries are made to record the business transactions into books of accounts initially. Q:During the first month of operations, the following transactions occurred for Blossom Inc.: 0. Determine account balances of the T accounts. The company paid $1,500 cash for rent of office space for the month. Introduce your . Enter the following transactions on Page 2 of the two-column journal: 29. I am highly qualified expert, working from 2008-9 in this industry. The Gram Company, A:Accounting Principal is based on the fundamental principle of accounting which is the sum of assets, Q:Edgar Detoya, tax consultant, began his practice on Dec. 1, 2014. The account headings are presented below. SERIES A EXERCISE CLASSIFYING BUSINESS TRANSACTIONS Dolores Lopez opened a new consulting business. A. Saved Journals: 8.Paid for a newspaper advertisement, 200. April. Paid for a newspaper advertisement, 200. During June, During the first month, the, A:The accounting equation refers to an equation that equates the total assets with the sum of total, Q:Ming Chen started a business and had the following transactions in June. 5. First step in, Q:Gabi Gram started The Gram Company, a new business that began operations on May 1. Dividends Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. Date the balances May 1, 2016, and place a check mark () in the Posting Reference column. c. Paid April rent for office and workroom, 3,150. d. Paid cash for supplies, 1,450. e. Purchased office and computer equipment on account, 6,500. f. Paid cash for annual insurance policies on automobile and equipment, 2,400. g. Received cash from a client for plans delivered, 12,000. h. Paid cash to creditors on account, 1,800. i. 4. During June, Ming Chen (the owner) completed these transactions. c. Both credit card and debit card transaction fees are limited by law. During June, Ming Chen (the owner) completed these transactions: a. Received 750, with the remainder due August 4, 2019. State the assets, liabilities, and owners equity as of July 1 in equation form similar to that shown in Exhibit 5. Post the journal to a ledger of four-column accounts, inserting appropriate posting references as each item is posted. Instuction Briefly explain why the stockholders investments and revenues increased stockholders equity, while dividends and expenses decreased stockholders equity. 2. Explanations may be omitted. 506. 3. property. Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam. 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 16 Equipment 18 Truck 21 Notes Payable 22 Accounts Payable 31 Common Stock 33 Dividends 41 Fees Earned 51 Wages Expense 53 Rent Expense 54 Utilities Expense 55 Truck Expense 59 Miscellaneous Expense 2. 0. Ask your question! ces Median response time is 34 minutes for paid subscribers and may be longer for promotional offers. Transactions and Financial statements Les Stanley established an insurance agency on July 1, 20Y5, and completed the following transactions during July: a. b. No. She helped me in last minute in a very reasonable price. I. EQUIPMENT, Q:On June 1 of the current year, Chad Wilson established a business to manage rental Prepare an income statement for July, a statement of owners equity for July, and a balance sheet as of July 31. g. The company paid an assistant $3,000 cash as wages for the month. 30. Prepare T accounts, using the account titles in (1). Indicate the effect of each transaction and the balances after each transaction, using the following tabular headings: 2. 1PA, Your question is solved by a Subject Matter Expert. Prepare an unadjusted trial balance for Heritage Designs as of November 30, 20Y9. The following transactions were completed during July, the second month of the business's operations: July 1. Received 750, with the remainder due August 4, 2019. Kindly, A:Accounting equation states the relationship among the assets, liabilities and equity of the firm. 5. Problem1-63B Income Statement, Retained Earnings Statement. Start your trial now! (d) Received cash for services rendered, 900. 0. Opened a business hank account in the name of Stanley Insurance Inc., with a deposit of $60000 in exchange for common stock. Prepare a post-closing trial balance. b. During the first month of operations of her business (a, A:An income statement is a part of financial statement which contain the details of all incomes and, Q:On October 1, 20Y4, Jay Pryor established an interior decorating business, Pioneer Designs. b. 4. A:The financial statements of the business include the income statement and balance sheet of the firm. Paid a premium of 2,700 for a comprehensive insurance policy covering liability, theft, and fire. %D Served as a disc jockey for a charity ball for 1,500. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, Problem 2-62B Comprehensive Problem Mulberry Services sells electronic data processing services to firms too Email to own their own computing equipment. Paid gas, oil, and repairs on automobile for April, 550. Total the left side of the accounting equation (left side of the equal sign), then total the right side of the accounting equation (right side of the equal sign). Prepare an unadjusted trial balance for Connie Young, Architect, as of October 31, 2019. Paid dividends, $3,000. I am open-minded, easy to adapt, compatible with my friends, and willing to help others. Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. Prepare an unadjusted trial balance for Ken Jones, Architect, as of April 30, 2016. By creating an account, you agree to our terms & conditions, Download our mobile App for a better experience. Prepare a single-step income statement. 30. i. Journalize entries for transactions (a) through (i), using the following account titles: Cash; Supplies; Accounts Payable; Bill Hudson, Capital; Bill Hudson, Drawing; Sales Commissions; Rent Expense; Office Salaries Expense; Automobile Expense; Supplies Expense; Miscellaneous Expense. b. f. The company purchased additional equipment for $6,000 cash. Movies are expensive to produce and market. $30000. Amount of total revenue recorded in the ledger. g. Paid interest on the note payable, $500. Paid dividends, $3,000. There is no prepaid rent or rent payable at year-end. (b) Paid office rent, 500. 13.Paid 700 to a local audio electronics store for rental of digital recording equipment. the firm are, A:Income statement The general manager is responsible for the day-to-day operati.. Budgeting for a Single Product: In this activity, you will be creating budgets for a single product for each of the months in an upcoming quarter. Journal entry is an accounting entry to record every transaction takes place, Q:On June 1 of the current year, Pamela Schatz established a business to manage rental property. (Do not insert the account numbers in the journal at this time.) A:Prepare a trial balance for Randy Guttery, Landscape Consultant. e. Paid automobile expense for the month, $2,500, and miscellaneous expense, $1,000. Please resubmit the question, Q:Beverly Crusher is a licensed CPA. 2. II 501. e. Bought insurance for the truck for one year, 400, Ck. Purchased office supplies on account, 1,800. c. Received cash from fees earned for managing rental property, 10,000. d. Paid rent on office and equipment for the month, 4,500. e. Paid creditors on account, 1,250. f. Billed customers for fees earned for managing rental property, 16,800. g. Paid automobile expenses (including rental charges) for the month, 750, and miscellaneous expenses, 980. h. Paid office salaries, 4,000. i. f. Paid office salaries, $6,500. 27. Transactions; financial statements On August 1, 20Y9, Brooke Kline established Western Realty. 1,500 During June, Ming Chen (the owner) completed these transactions: a. Find answers to questions asked by students like you. Owner invested S60,000 cash in the company along with equipment that had a $15,000 market value. Issued common stock to Marjorie Knaus in, A:Step 1 4. Mulberry purchased computer paper for $13,000 cash in late December. C. Prepare T accounts, using the account titles in (1). Received cash from clients on account, 9,520. Analyze and use these data to complete parts (5) and (6). Owner invested $60,000 cash in the company along with equipment that had a $26,000 market value in exchange for its common stock. Received 3,000 for serving as a disc jockey for a party. Paid cash for miscellaneous expenses, 375. j. Owner invested \$60,000 $60,000 cash in the company along with equipment that had a \$15,000 $15,000 market value. Mc. b. A Wages of $379,000 were paid in cash. d. Does the activity add value to Latchey’s provision of insurance services? Assets Assets Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month.During June, Ming Chen (the owner) completed these transactions:a. Enter the July 1, 2019, account balances in the appropriate balance column of a four-column account. Journalize each transaction in a two-column journal beginning on Page 1, referring to the following chart of accounts in selecting the accounts to be debited and credited. The accounting equation indicates that a company's total assets are equal to, Q:On April 1, 20Y8, Maria Adams established Custom Realty. Billed insurance companies for sales commissions earned, 12,500. j. To the left of each amount entered in the accounts, place the appropriate letter to identify the transaction. Bal. Disclaimer: Writers are not employees or representatives of TutorsOnSpot.Com, Join The Community Already Trusted By Thousands Of Students Like You, Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. The material used for derbies costs $4.50 per unit, and Dapper pays each of its two full-time employees $360 per week. 505. m. Paid the salary of the assistant, 1,150, Ck. Is it a product or a period cost? Bought a truck from Kelly Motors for 26,329, paying 8,000 in cash and placing the balance on account, Ck. During June, Ming Chen (the owner) completed these transactions: Ming Chen began a professional practice on June 1 and plans, Which of the following is true? Purchased office equipment on account, 15,000. A:As the question has more than 3 sub-parts, the first 3 subparts are answered. Liabilities Paid miscellaneous expenses, 540. Transactions and Financial statements Les Stanley established an insurance agency on July 1, 20Y5, and completed the following transactions during July: a. 10,000 Receivable It is, Q:On July 1, Lula Plume created a new self-storage business, Safe Storage Co. Purchased a truck for 38,500 paying 5,000 cash and giving a note payable for the remainder. 2. b. If you still cannot find the error, re-analyze each transaction. Ethics and budgetary slack: To ensure my potential must visit my profile to check my ratings and uploaded samples. h. 14.Paid wages of 1,200 to receptionist and part-time assistant. Accounts containing a single entry only (such as Prepaid Insurance) do not need a balance. b. 7,500 Use the ending balances in the T-accounts to prepare a trial balance. The customer will pay at a later date. College Accounting (Book Only): A Career Approach. d. Paid rent on office and equipnwnt for the month, $5,000. e. Paid automobile expense for the month, $2,500, and miscellaneous expense, $1,000. Received an invoice for truck expenses, to be paid in November, 1,250. 3. 7.500 Paid miscellaneous expenses, 1,000. Receivable I have successfully completed more than 4500 projects for my clients with their full amount of satisfaction. On July 1, Lula Plume created a new self-storage business, Safe Storage, A:Journal is the recording of financial transactions, which is considered as the first step in, Q:On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. Required: The account headings are presented below. Paid wages of 1,200 to receptionist and part-time assistant. 1. Owner invested $60,000 cash in the company along with equipment that had a $15,000 market value. You can message me to discuss the details. 503. h. Sold catering services on account, 4,307. i. I will be happy to offer you 100% original work with high-quality standard, professional research and writing services of various complexities. 2. Received 500, with the remainder due on August 9, 2019. The following, A:Unadjusted Trial Balance - Owner invested $60,000 cash in the company along with equipment that had a $15,000 market value in exchange for its common stock. 6. 2. Advertising expense of $26,000 was incurred and paid. Paid the following: wages expense, 7,500; truck expense, 2,500; utilities expense, 1,300; miscellaneous expense, 2,700. j. Use a chart of accounts to order the ledger accounts. Owner invested $60,000 cash in the company along with equipment that had a $15,000 market value in exchange for its common stock. Which of the following is true? If you still cannot find the error, re-analyze each transaction. Hello. Classify each transaction as an operating, an investing, or a financing activity. Accounts Cash e. The company completed work for a client and sent a bill for $8,000 to be received within 30 days. During June, Ming Chen (the owner) completed these transactions. ok ht inces a. For those boxes in, A:Accounting equation: Accounting equation is an accounting tool expressed in the form of equation, by, Q:on april 1 Jiro Nozomi created a new travel agency, adventure travel. %24 The company pald $2,100 cash for rent of office space for . Received invoice for blueprint service, due in May, 2,500. k. Recorded fees earned on plans delivered, payment to be received in May, 15,650. l. Paid salary of assistant, 2,800. m. Paid cash for miscellaneous expenses, 200. n. Paid 300 on note payable. July 21. Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. Common 1,500 on the Business environment in China. 3. c. The company purchased $10,000 of additional equipment on credit (payment due within 30 days). $ 10,000 Opened a business hank account in the name of Stanley Insurance Inc., with a deposit of $60000 in exchange for common stock. Create the following table similar to the one in Exhibit 1.9. Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, 4,500. Owner Invested $59,000 cash in the company along with equipment that had a $16,000 market value in exchange for its common stock. Paid January rent for office and workroom, 1,950. c. Purchased used automobile for 28,500, paying 5,700 cash and giving a note payable for the remainder. 2.Analyze and journalize each transaction in a two-column journal beginning on Page 1, omitting journal entry explanations. Transferred cash from a personal bank account to an account to be used for the business, 18,000. b. d. Paid rent on office and equipnwnt for the month, $5,000. Instructions 1. 10,000 Determine account balances of the T accounts. 7.500 7,500 Save & Exit E. Received $500 in payment from the customer in C. F. Purchased $250 worth of supplies on credit. Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support. Only debit card transaction fees. 2023. Before this, no other, Q:ournalize entries for transactions (a) through (I) using the following account titles: cash,, Q:ita Lopez started Biz Consulting, a new business, and completed the following transactions during, A:Journal entries refers to recording of business transactions into the books of the business or, Q:On April 1 of the current year, Morgan Jones established a business to manage rental property. Inflation is 3.8% per year. Introduction: Borrowed $100,000 by issuing a note payable. a. Wallace deposited 24,000 in a bank account in the name of the business. Then use additions and subtractions to show the dollar effects of the transactions on individual items of the accounting equation. Opened a business bank account with a deposit of 35,000 in exchange for common stock. The company paid $10,000 cash to settle the liability created in transaction c. Ken Jones, an architect, opened an office on April 1, 2016. Find answers to questions asked by students like you. A:Journal: The company paid $1,500 cash for rent of office space for . References Withdrew cash for personal use, 2,000. On behalf of PS Music, Peyton signed a contract with a local radio station, KXMD, to provide guest spots for the next three months. . Post the journal to the ledger, extending the account balance to the appropriate balance column after each posting. 4. No. During the first month of operations of her business (a, A:An income statement is a part of financial statement which contain the details of all incomes and, Q:July 1, Lula Plume created a new self-storage business, Safe Storage Co. Unadjusted Trial Balance is the trial balance before making adjustments., Q:he accountant for the firm owned by Randy Guttery prepares financial statements at the end of each. Dividends 1, A:Salary is the expense of a business. Enter the following transactions on Page 2 of the two-column journal: 16. 3. e. The company completed work for a client and sent a bill for $8,000 to be received within 30 days. Bal. b. c. Received cash from fees earned. 1000. c. Bought office supplies for cash, 375, Ck. The following transactions, A:Note: Liabilities During the first month of operations of his, A:Solution: There are some items that has Impact on Equity like Income, Expense and, Q:Following are the transactions for Valdez Services. h. Borrowed $100,000 by issuing a note payable. (1,500) + During June, Ming Chen (the owner) completed these transactions: a. Withdrew l,250 cash from PS Music for personal use. (e) Paid phone bill, 65. The actual work of dry cleaning is done by another company for a fee. Paid the office rent for the current month, 650, Ck. b. Owner invested $60,000 cash in the company along with equipment that had a $15,000 market value. a retained earnings statement and a classified balance sheet for the year ended December 31, 2019. 11. S NO Kindly repost the question to get, A:Trial balance: It is the statement prepared at the end of the year to close all the accounts. 28. If an entry is not required for any of these transactions, state this and explain why. b. Required The business was started by selling $100,000 worth of common stock. He, Q:On July 1, Lula Plume created a new self-storage business, Safe Storage Co. c. Amount of net income for January. During June, Ming Chen (the owner) completed these transactions. The company paid $1,500 cash for rent of office space for the. If you want any, Q:At the beginning of April, Haron Kadir launched a custom computer solutions company called, A:Journalizing refers to recording/Classifying the business transactions initially in the books of, Q:Jared Hawk established an insurance agency on July 1 of the current year and Amount of total expenses recorded in the ledger. If the two totals are not equal, check the addition and subtraction. 1.500 Interest of $5,000 was paid on the long-term loan. c. The company purchased $10,000 of additional equipment on credit (payment due within 30 days). b. None of the paper was used by year-end. 10 000 Received invoice for blueprint service, due in May, 2,500. k. Recorded fees earned on plans delivered, payment to be received in May, 15,650. l. Paid salary of assistant, 2,800. m. Paid cash for miscellaneous expenses, 200. n. Paid installment due on note payable, 300. o. The policy covers a one-year period. b. A:Hi student Paid rent on office and equipment for the month, 6,000. c. Purchased supplies on account, 3,200. d. Paid creditor on account, 1,750. e. Earned fees, receiving cash, 18,250. f. Paid automobile expenses (including rental charge) for month, 1,880, and miscellaneous expenses, 420. g. Paid office salaries, 5,000. h. Determined that the cost of supplies used was 1,400. i. Introduce yourself. 24. Prepare an unadjusted trial balance for Ken Jones, Architect, as of April 30, 2019. h. Borrowed $100,000 by issuing a note payable. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers. f. The company purchased additional equipment for $6,000 cash. During the month, she completed the, A:Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts. Post the journal entries to these accounts, placing the appropriate letter to the left of each amount to identify the transactions. Paid 1,400 royalties (music expense) to National Music Clearing for use of various artists' music during July. Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. Accounting Equation - Owner invested $60,000 cash in the company along with equipment that had a $15,000 market value in exchange for its common stock. The transactions of Ming Chen (the owner) completed these transactions. Prepare an unadjusted trial balance as of July 31, 2019. a. *Response times may vary by subject and question complexity. b. EQUITY d. The company completed work for a client and immediately collected the $2,500 cash earned. 31. I have all relevant skills and expertise related to your project. Instead of continuing to share office space with a local real estate agency, Peyton decided to rent office space near a local music: store. Get access to millions of step-by-step textbook and homework solutions, Send experts your homework questions or start a chat with a tutor, Check for plagiarism and create citations in seconds, Get instant explanations to difficult math equations, The transaction analysis is done with the help of the accounting equation.