Chapter 1 Continuing Problem Continuing Problem Chapter 1, Part 1 Instructions Accounting Equation Grid Instructions Pey

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Chapter 1 Continuing Problem Continuing Problem Chapter 1 Part 1 Instructions Accounting Equation Grid Instructions Pey 1 (35.72 KiB) Viewed 10 times

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Chapter 1 Continuing Problem Continuing Problem Chapter 1, Part 1 Instructions Accounting Equation Grid Instructions Peytan Smith enjoys istening to all types of music and cens countiess CDs. Over the years, Peyton has gained a local reputation for knowledge of music from classical to rap and the ability to put together sets of recordings that appeal to al ages. During the last several months, Peyton served as a guest disc jockey on a local radio station. In addition, Peyton has entertained at several friends partes as the host deejay On June 1, 2010, Peyton established a corporation known as P3 Music. Using an extensive collection of music MP3 fies, Peyton will serve as a disc jockey on a fee basis for weddings, college parses. and other events. During June, Peyton entered into the following transactions Jun 1 2 2 4 eflook 6 8. Deposited $4,000 in a checking account in the name of PS Music in exchange for common stock Received $3.500 from a local radio station for serving as the guest disc jockey for June Agreed to share office space with a local real estate agency, Pinnacle Realty PS Music will pay one- fourth of the rent. In addition, PS Music agreed to pay a portion of the wages of the receptionist and to pay one-fourth of the utines Paid $800 for the rent of the office. Purchased supplies from City Office Supply Co. for $350. Agreed to pay $100 within 10 days and the remainder by July 5, 2016. Paid $500 to a local radio station to advertise the services of PS Music twice daily for two weeks Paid $675 to a local electronics store for renting digital recording equipment
Chapter 1 Continuing Problem eBook Continuing Problem - Chapter 1, Part 11 Instructions Accounting Equation Grid Instructions 12 16 25 29 30 30 30 30 30 30 30 Paid $350 (music expense) to Cool Music for the use of its current music demos to make various music sets Paid City Office Supply Co $100 on account Received $300 from a dentist for providing two music sets for the dentist to play for her patients Served as disc jockey for a wedding party. The father of the bride agreed to pay $1,000 in July Received $500 for serving as the disc jockey for a cancer charity bal hosted by the local hospital Paid $240 (music expense) to Galaxy Music for the use of its library of music demos Received $900 for serving as PS disc jockey for a local club's monthly dance Paid Pinnacle Reaty $400 for PS Music's share of the receptionist's wages for June Paid Pinnacle Reaty $300 for PS Music's share of the utities for June Determined that the cost of supplies on hand is $170. Therefore, the cost of supplies used during the month was $100. Paid for miscellaneous expenses, $415 Paid $1,000 royables (music expense) to National Music Clearing for use of various artists' music during the month Paid dividends, $500.
Instructions Accounting Equation Grid Instructions Accounting Equation Grid -Indicate the effect of each transaction and the balances after each transaction using the grid provided in each transaction row (indicated by the date), you must indicate the math sign (+ or -) in the columns affected by the transaction You will not need to enter math signs in the balance rows (rows indicated by Bal) Entries of 0 (zero) are not required and will be cleared if entered - You can click on the date in the first column or last column for a pop-up with the transaction description to ensure that you are entering the comect information in that row Unlike images in the text, the items (eg. Cash, Accounts Receivable, Supples) have been repeated about halfway down the grid. This is to aid in screen navigation Also to aid in screen navigation, you may find it helpful to zoom out by pressing Ctrl-or Co-Moutewneel down Cash Type here to search Assets Accounts Receivable 17 Supplies =Liabilities Accounts Payable - Common Stock 64°F Clear G ENG 858 AM 1/2/2022
Continuing Problem - Chapter 1, Part 1 Instructions Accounting Equation Grid Instructions Accounting Equation Grid 0/1 REREREESESE Bal 62 Bal 34 Bal Bal Cash Assets - Accounts Receivable -Supplies = Liabilities. Accounts Payable Common Stock BERALL
Continuing Problem - Chapter 1, Part 1 Instructions Accounting Equation Grid Instructions Accounting Equation Grid 63 Ba 6/12 Bal 6/13 Bal 6/16 Bal 6/22 Bal Note 6:25 Bal 6:29 Cash - Accounts Receivable +Supplies Accounts Payable +Common Stock
Instructions Accounting Equation Grid 6:30 Bai 6:30 Bal 6/30 Ba 6:30 Bat 6:30 6/20 Bat 6:230 Type here to search O 77 E 14 84°F Clear ENG 859 AM 7/07/2022