elitehairnerd1964
08.07.2021 •
Business
Wiley Hill opened Hill's Repairs, Inc. on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books:
1. Wiley invested $41,000 cash in the corporation.
2. Wiley contributed $116,000 of equipment to the corporation.
3. The company paid $3,600 cash to rent office space for the month.
4. The company received $32,000 cash for repair services provided during March.
5. The company paid $7,800 for salaries for the month.
6. The company provided $4,600 of services to customers on account.
7. The company paid cash of $2,100 for monthly utilities.
8. The company received $4,700 cash in advance of providing repair services to a customer.
9. The company paid $6,600 cash in dividends to Wiley. (sole shareholder)
Based on this information, the balance in Stockholders' Equity reported on the Balance Sheet at the end of March would be:
A. $178,200.
B. $173,500.
C. $165,300.
D. $6,800.
E. $29,500.
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Ответ:
B. $173,500.
Explanation:
First calculate the Net income:
= Repair services + Services on account - Rent - Salaries - Utilities
= 32,000 + 4,600 - 3,600 - 7,800 - 2,100
= $23,100
Equity is:
= Cash investment + Equipment investment + Net income - Dividends
= 41,000 + 116,000 + 23,100 - 6,600
= $173,500
Ответ:
equations by using inverse operations, including squares, square roots, cubes, ... A pair of inverse operations is defined as two operations that will be ... The following examples summarize how to undo these operations using their ... x is divided by 2, so we multiply by 2 on both sides. 2. 8 2. 2 x. ∙ = ∙. Solution: 16. explanation:
Step-by-step explanation: