analyzing

profilethegreatone007

The purpose of this assignment is to help you become familiar with examining transactions and how it affects the balance sheet. 

Assignment Steps 

Resources: Financial Accounting: Tools for Business Decision Making 

Write a minimum 150-word response to each of the following scenarios from Exercise E3-1 in Financial Accounting (p. 132) describing the effect of each transaction on assets, liabilities, and stockholder's equity: 

  • Selected transactions for Thyme Advertising Company, Inc.
    • Issued common stock to investors in exchange for cash received from investors.
    • Paid monthly rent.
    • Received cash from customers when service was performed.
    • Billed customers for services performed.
    • Paid dividend to stockholders.
    • Incurred advertising expense on account.
    • Received cash from customers billed in (4).
    • Purchased additional equipment for cash.
    • Purchased equipment on account. 

Use the Excel® spreadsheet to record your answers and submit with your responses. 

  • 7 years ago
  • 15
Answer(6)

Purchase the answer to view it

blurred-text
  • attachment
    order_67873_163337.xls
  • attachment
    order_67873_163338.doc

Purchase the answer to view it

blurred-text
NOT RATED
  • attachment
    Assignment_Individual_ThymeAdvertising1.xlsx
  • attachment
    CopyofSolution45465.xls

Purchase the answer to view it

blurred-text
NOT RATED

Purchase the answer to view it

blurred-text
NOT RATED
  • attachment
    ACC290r7_Week2_Assignment_Individual_Thyme_Advertising.xlsx
  • attachment
    Accounting.docx

Purchase the answer to view it

blurred-text
NOT RATED
  • attachment
    Analyzing.xls
  • attachment
    Analyzing.xlsx

Purchase the answer to view it

blurred-text
NOT RATED
  • attachment
    Analyzing.xls
  • attachment
    Analyzing.xlsx