Analyzing the effects of transactions
Answer each of the following transactions describing the effect of each transaction on the specific assets, liabilities, and/or stockholder's equity account in the Word document Template which I will furnish:
- 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 Word document Template to record your answers and submit with your responses. Please note that each of the 9 events needs to have 6 answers to earn all of the possible points according to the instructions in the Word document which I will furnish and you must use it in order to earn all of the points.
In addition, there is no paper required for the Transactions. I have replaced this from the Grading Guide "Write a minimum 150-word response describing the effect of each transaction on assets, liabilities, and stockholder's equity" with the Week 2 Word document with the 9 scenarios. So please ignore the Grading Guide for this assignment and use my instructions instead in the Syllabus and also in the Word document Template that I will post for the class.
Have to be done by Monday morning at 11
9 years ago
20
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