arissahyp73x7x
18.06.2020 •
Business
The following events occurred for Favata Company: a. Received $13,000 cash from owners and issued stock to them. b. Borrowed $10,000 cash from a bank and signed a note due later this year. c. Bought and received $1,100 of equipment on account. d. Purchased land for $18,000; paid $1,600 in cash and signed a long-term note for $16,400. e. Purchased $6,000 of equipment, paid $1,600 in cash and charged the rest on account. Required: For each of the events (a) through (e), perform transaction analysis and indicate the account, amount, and direction of the effect (+ for increase and - for decrease) on the accounting equation. (Enter any decreases to account balances with a minus sign.)
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Ответ:
Answer and Explanation:
The indication of the account, amount and the direction of the effect are as follows
As we know that
Accounting equation is
Total assets = Total liabilities + stockholder equity
Based on this, the indication and the direction aare as follows
Assets = Liabilities + Stockholders' Equity
A) $13,000 = 0 + $13,000
It increased both the assets and the stockholder equity i.e capital
B) $10,000 = $10,000 + 0
It increased both the assets and the liabilities
C) $1,100 = $1,100 + 0
It increased both the assets and the liabilities
D) +$18,000 -$1,600 = $16,400 + 0
It increased the land by $18,000 and decreased the cash by $1,600 and at the same time it increased the liabilities by $16,400
E) +$6,000 -$1,600 = $4,400 + 0
It increased the equipment by $6,000 and decreased the cash by $1,600 and at the same time it also increased the liabilities by $4,400
Total $44,900 = $31,900 + $13,000
Ответ:
Let's say that you need to consume 2 hamburgers to be fully satisfied. The marginal cost refer to the additional cost that you need to pay to acquire the second hamburgers
hope this helps