Categories
analyzing
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.
Jessy
Just a bit off from the syllabus rubric, but I can add to the slides on my own. Thank you anyway.
Alvin
To the writer, THANK YOU, a million times over, this is very impressive! Thank you to the support team for making a hiccup not turn into a disaster!
Milly.P
There was consistent communication from the start, and it was obvious the writer thoroughly reviewed the information provided. Thank you.
Ivy.G
Excellent work all the time! love my writer also. Don't know if I'm supposed to do this but I just need to say this writer does excellent work!
Emily.s
The writer followed my instruction thoroughly and did a great job. The quality of the paper is more than I expected. Thank you.
Justus N
You people have been really patient with me as I created mechanical engineering content. It’s not an easy topic to handle, yet I can say that I worked with a skilled specialist. My writer took time to understand my ideas but it was mostly my fault. Just share more details.
Kelly H
When I received a paper revision from my new college professor, I was desperate as I didn’t know what to do. If not for Academized, I would be doomed. They know how to fix things for you and explain what was wrong as they fix it.
Paul D
You're the best, I'll be using your services again soon! Thank you Thank you Thank you!
Mark P.
I asked my writer to help me compose a personal essay about charity work that I do at the local church. It is not easy for me to express myself in words, which is why I needed some privacy and a good person who would appreciate my thoughts and ideas.
