Business, 05.02.2020 11:57 jeanniebyrd54

Christopher thompson started a new business, thompson gymnastics, and completed the following transactions during december: (click the icon to view the transactions.) analyze the effects of the transactions on the accounting equation of thompson gymnastics. analyze the events chronologically, one transaction at a time, beginning with the transaction on the 1st. for each transaction that follows the transaction on the 1st, calculate the balance in each account after analyzing its effect on the accounting equation. (complete only the necessary answer boxes for your transaction lines. [do not enter any zeros for your transaction lines.] carry down all balances to the "bal." line, including zero balance accounts, entering a "0" for any zero balances. enter a decrease in an account with a minus sign or parentheses. abbreviations used: a/p = accounts payable; a/r = accounts receivable; adv. = advertising; com. = common; contr. = contributed; div. = dividends; exp. = expense; liab. = liabilities; off. sup. = office supplies; sal. = salaries; serv. rev. = service revenue; util. = utility.)

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 23:30

Which statement best describes entrepreneurship aitmakes people very rich b it relies on large financial investments c it is only possible in the retail industry d it requires creativity and ambition

Answers: 3

Answer

Business, 23.06.2019 00:30

Considered to be a "super tool" or tool that has high use and high potential for improving project success?

Answers: 3

Answer

Business, 23.06.2019 00:40

Skathy lee berggren, a professor of oral communication at cornell university, indicates “a lot of my students really [only] scratch the surface with the type of research they’re doing.” according to andy guess, at inside higher ed, “just because students walk in the door as ‘digital natives’, doesn’t mean they’re equipped to handle the heavy lifting of digital databases and proprietary search engines that comprise the bulk of modern, online research techniques.” students erroneously think a google search is research. as you read through the reasons that should stimulate your interest in studying research methods or evaluate the nine factors that guarantee good research, what actions do you propose to narrow the gap between students’ research competence and what’s required of a modern college graduate about to become a manage

Answers: 1

Answer

Business, 23.06.2019 10:20

Yang corporation starts a foreign subsidiary on january 1 by investing 20,000 rand. yang owns all of the shares of the subsidiary’s common stock. the foreign subsidiary generates 40,000 rand of net income throughout the year and pays no dividends. the rand is the foreign subsidiary’s functional currency. currency exchange rates for 1 rand are as follows: lo 10-3 january $0.25 = 1 rand average for the 0.28 = 1 december 0.31 = 1 in preparing consolidated financial statements, what translation adjustment will yang report at the end of the current year? a. $400 positive (credit). b. $1,000 positive (credit). c. $1,400 positive (credit). d. $2,400 positive (credit). hoyle, joe ben; hoyle, joe ben. advanced accounting (page 513). mcgraw-hill higher education. kindle edition.

Answers: 3

Answer

You know the right answer?

Christopher thompson started a new business, thompson gymnastics, and completed the following transa...

Questions