80.2K

Verified Solution

Link Copied!

G Requirec Based on the L m Course Orientation-20 / connect x, ACCT 5352 Week 2 Asso- C I https:/ew cor Down nad music, m- Secure connect.htrri ::: Apps Ro k marks RU Usemame Rlackha rd earn The Ris kist Watch O "atm Ma es Onlir HRU Pon -Top 100 M ies of A How to DrortNatrP Paraphrasing Tool F k Chap 2 Prob 2-3S Savac Help Save & Exlt Submit Check my work Waddel Company had the following balances In Its accounting records as of December 31, 2018: Liabilities and Fquity 20 paints Cash 41,000 30,900 Accounts Payable Conmon Slork Retained Earnings 93,000 12,900 Land Totals $125,90 $125,98 eBook References The following accounting events apply to Waddell Company's 2019 fiscal year: reb 1 Paid 55,10a cash in advance for one yer lease for office space Mar. . 1 Paid $2,200 tash dividend to the stockholders . April 1 Purchased additional land that cost $30,000 cash May 1 Made a cosh payment on accounts payable of $15,829 July 1 Rcceivad $7,48 cosh in advancc as a rctainer for services to bc perforred manthly ovar the caning year Sept Sold land far $23,08 cash that had oiginally cost $23,920 Oct. 1 Purchased $1,15@ 0f supplies 0n acount Dec. 31 Eerriet $66,000 of service revenu on accoun! during lhe year. 31 Received cash collections tron atcounts receivable aounting to $59,680 31 Incurred other operating expenses on account durinz the year that anaunted to $1e,988 31 Rccognized accrued salarios axpanso of $4,9*a 31 Had 1se of supplies on hand at the end of the period 31 The land purchased on April 1 had market value of $7A,aaa 31 Reconized $117 of accrued interest revenue Required Based on the preceding intormation, answe tholng questions lor Waddell Compay. All questions pertain to the 2018 financial Prex 1of1 Next 35 AM O Type here to search ^da) ING 11/5/2017 G Requirec Based on the L m Course Orientation-20 / connect x, ACCT 5352 Week 2 Asso- C I https:/ew cor Down nad music, m- Secure connect.htrri ::: Apps Ro k marks RU Usemame Rlackha rd earn The Ris kist Watch O "atm Ma es Onlir HRU Pon -Top 100 M ies of A How to DrortNatrP Paraphrasing Tool F k Chap 2 Prob 2-3S Savac Help Save & Exlt Submit Check my work Waddel Company had the following balances In Its accounting records as of December 31, 2018: Liabilities and Fquity 20 paints Cash 41,000 30,900 Accounts Payable Conmon Slork Retained Earnings 93,000 12,900 Land Totals $125,90 $125,98 eBook References The following accounting events apply to Waddell Company's 2019 fiscal year: reb 1 Paid 55,10a cash in advance for one yer lease for office space Mar. . 1 Paid $2,200 tash dividend to the stockholders . April 1 Purchased additional land that cost $30,000 cash May 1 Made a cosh payment on accounts payable of $15,829 July 1 Rcceivad $7,48 cosh in advancc as a rctainer for services to bc perforred manthly ovar the caning year Sept Sold land far $23,08 cash that had oiginally cost $23,920 Oct. 1 Purchased $1,15@ 0f supplies 0n acount Dec. 31 Eerriet $66,000 of service revenu on accoun! during lhe year. 31 Received cash collections tron atcounts receivable aounting to $59,680 31 Incurred other operating expenses on account durinz the year that anaunted to $1e,988 31 Rccognized accrued salarios axpanso of $4,9*a 31 Had 1se of supplies on hand at the end of the period 31 The land purchased on April 1 had market value of $7A,aaa 31 Reconized $117 of accrued interest revenue Required Based on the preceding intormation, answe tholng questions lor Waddell Compay. All questions pertain to the 2018 financial Prex 1of1 Next 35 AM O Type here to search ^da) ING 11/5/2017

Answer & Explanation Solved by verified expert

See Answer