Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 28 Jan 2018 My Price 6.00

Vikings Incorporated

Below is a list of activities for Vikings Incorporated. Required: Using the format shown below, enter the impact of each activity on the accounting equation. The first item is provided as an example. (Decreases to account classifications should be entered as a negative.) Liabilities Stockholders Transaction Assets S 15.000 1. Issue common stock in exchange for cash, $15.000. 15.000 0 2. obtain a loan from the bank for $9,000. 3. Receive cash of $1,200 in advance from customers. 4. Purchase supplies on account, $2,400. 5. Pay one year of rent in advance, $12,000 6. Provide services to customers on account, $3,000. 7. Repay $4,000 of the loan in (2 above, 8. Pay the full amount for supplies purchased in (4) above. 9. Provide services to customers in (3) above. 10. Pay cash dividends of $1.000 to stockholders S 15000 s 15.000 Totals

Below is a list of activities for Vikings Incorporated. Required: Using the format shown below, enter the impact of each activity on the accounting equation. The first item is provided as an example. (Decreases to account classifications should be entered as a negative.)

Answers

Maurice Tutor
(5)
Status NEW Posted 28 Jan 2018 10:01 PM My Price 6.00

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