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...

70.2K

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

Basic Math
1.2K views

Which of the following statements are TRUE or False. (Explain why it’s true or false?) Subtracting a...

Basic Math
1.2K views

Given the question: \"Researchers found that 25% of the beech trees in east central Europe had been...

Chemistry
1.2K views

I was given this information and I need to draw a calibration curve of dissociation for...

Biology
1.2K views

The graph below represents the mortality rate of offspring from marriages registered in 1903 1907...

Biology
1.2K views

In our Theory of Knowledge class students discussed their thoughts on the question What is...

Physics
1.2K views

Question No The path of a charged particle entering in a uniform magnetic field making...

Statistics
1.2K views

Provide an appropriate response Determine the expected counts for each outcome n 200 Pi Expected...

Accounting
1.2K views

Complete this question by entering your answers in the tabs below. Prepare the...

Accounting
1.2K views

Jay, Incorporated, a party rental business, completed its third year of operations on December 31....

Accounting
1.2K views

The ability to price, market, and provide products and services helps to maximize the profit...

Accounting
1.2K views

Question 2 O 27,000 O 32,500 O 25,500 O 34,000 O None of the above...

Finance
1.2K views

Lorraine Jackson won a lottery. She will have a choice of receiving an annuity of...