Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 12 x 01:09:00 following are transactions of a new

12 X 01:09:00 Following are transactions of a new company during January: Issued 10,000 shares...

60.1K

Verified Solution

Question

Accounting

12 X 01:09:00 Following are transactions of a new company during January: Issued 10,000 shares of common stock for $15,000 cash Purchased land for $12,000 by signing a note payable for the full amount Purchased office equipment for $1,200 cash Received cash of $14,000 for services provided to customers during the month Purchased $300 of office supplies on account Paid employees $10,000 for work during the current period. What is the total amount of liabilities following these six transactions? Multiple Choice O O $12,300 $22,600 $15,500
image
Fotowng are trenseceops of a new comperty during Jankary. Istued 10.000 shares of eommion stock for $15.000 cash Aurchined land for $12,000 by sioning a note bayroble for the fill amount Purchased office equiponent for \$1,200 cosh Recelved cash of $14,000 for services provided to customers during the month Purchased $300 of affice supplies on occours Paid employees $10,000 for work during the current period. What is the total amount of thabdties following these sbx transactions? Multiple Choice $12,300 $22,600 515,500

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

You have been asked to estimate the enterprise value of Dan Automotive as of today in...

Chemistry
1.2K views

8. Describe an electrospray ionization source and the mechanisms involved for the generation of gas-phase ions. How...

Finance
1.2K views

Anderson International Limited is evaluating a project in Erewhon. The project will create the following cash...

Psychology
1.2K views

1. In thinking about intercultural communication and diversity in the business environment, what, areas of concern...

Electrical Engineering
1.2K views

Project Description: Utilizing the 8x8 dot matrix display the smile face and then rotate the face 90...

Biology
1.2K views

pts Consider the RNA strand shown below Draw the mechanism of cleavage of this e...

Geometry
1.2K views

4 What is the value of m to the nearest tenth 11M an angle that...

Basic Math
1.2K views

Suppose a closed economy generates 2000 output and income in equilibrium Suppose also that the...

Basic Math
1.2K views

A student received an 82 on an exam If there were 50 questions on the...

Accounting
1.2K views

General Journal: #7-11 ...

Accounting
1.2K views

What accounting information would help a manager decide what to do with returned merchandise?

Finance
1.2K views

A stock has a beta of 1.2 and an expected return of 17 percent. A...