Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. help please! \begin{tabular}{|l|} \hline 1-1

Help please! \begin{tabular}{|l|} \hline 1-1 Start Up Funding \\ \hline...

50.1K

Verified Solution

Question

Accounting

Help please!
image
image
\begin{tabular}{|l|} \hline 1-1 Start Up Funding \\ \hline Sign Note for $12,000@8% \\ \hline Issue Stock for $49,000 \\ \hline 1-2 Purchase Equipment @1/1 \\ \hline Purchase showroom displays \\ \hline for $9,000 cash; SL Depreciation \\ \hline 5 yr. useful life, \$0 salvage value \\ \hline \end{tabular} 1-3 Purchase Inventory for $28,000 cash 1-4 Service \& Sales Revenue Service Revenue $7,000 Sales Rev $46,000; COGS $23,000 1-5 Expenses Operating Exp. $22,700 Depreciation Exp. = equip. cost/5 Interest Expense = Note Pay. yr. end balance x 8%

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

Geometry
1.2K views

YOU DO ROUND 1 1 In right triangle DEF below FE 3 and DE 4...

Chemistry
1.2K views

Which of the following statements is true concerning the decomposition of liquid water to form hydrogen...

Psychology
1.2K views

Whether or not language barriers and unemployment are issues for Hispanics & Mexicans in other countries,...

Mechanical Engineering
1.2K views

what are the aspects that you will consider to evaluate the pressure measuring devices

Electrical Engineering
1.2K views

Sketch the waveform of the letter g when it is transmitted via the USART interface, using...

Physics
1.2K views

An argon laser that has a wavelength of 455 nm shines on a double-slit apparatus, which...

Finance
1.2K views

Avalon Aviation Products is evaluating a new project. What is the net present value of this...

Accounting
1.2K views

Accounting: Public Sector Auditing Judge Learned Hand, in discussing "degree of care" in connection with the standard...

Basic Math
1.2K views

A driver averaged 42 miles per hour and took 7 hours to travel between two...

Algebra
1.2K views

The purpose of this question is to do the preliminary work to make a well...

Accounting
1.2K views

Choose the item that is TRUE regarding bonds. a. The amount of interest paid in...

Accounting
1.2K views

The Regal Cycle Company manufactures three types of bicycles-a dirt bike, a mountain bike, and...