Spring 2019 Survey of Accounting Concepts ain Menu Contents Grades Course ContentsTimer NotesEvaluaterint infe Transaction 1 On March 1, the three classmates opened a checking account for The Wire at a local bank. They each deposited $20,000 in exchange for shares of stock. A few of their friends also purchased stock totaling $12,000 that was deposited in The Wire account. Dollar amount: Account: Cash Dollar amount: Dollar amount: Dollar amount: Account: Cash Account: Cash Account: Notes Payable Account: Leave Blank Dollar amount: Submit Answer Incorrect. Tries 1/5 Previous Tries Send Feedback Post Discussion 8c yo LA TimerNotesEvauaeback PrintInfo The company quickly acquired $44,000 in inventory, 70% of which was paid for in cash. The rest was acquired on open accounts that were payable after 30 days. Dollar amount: Dollar amount Dollar amount Dollar amount: Dollar amount: Account: Account: Account: Account S Ans Cesourts Recaivable Post DIS Prepaid Rent Send Feedback Fixtures and Equipment Accounts Payable Interest Payable Wages Payable Notes Payable Paid-in Capital Retained Earrvings Leave Blank 8 yo LA F1 F6 F5 F4 F1 F3 Esc F2 | O Timer Notes d Evaluate efeedback-Print ,info Course Contents A one-year store rental lease was signed on March 1 for $1,000 per month, and rent for the first 3 months was paid in advance. [Note: Record the complete entry for the March 1 transaction first and the complete adjusting entry on March 31 second.] Account: Dollar amount: Dollar amount Dollar amount: Dollar amount Dollar amount Account: Account: Account Account: Submit Ansy Cash hras Prepaid Rent Export Fitures and Equipment Accounts Receivable NEW Mark NEW pests no longer new Accounts Payable NEW Lon nterst Payable 11:17:59 a Wages Payable Notes Payable Wher Paid-in Capital lem Alessandro Michael Zakolski Reely (Mon Apr 1s two leave blanks which I select in the Account box s were not submitted. Tries 0/5 Previous Tries and in message appears "Foil 1=Leave%20Blank wher Retained Earnings the t Leave Blank NEW Re: Lon-Capa submission problem 2019 (EDT) Eredric lacobs Reply (Tue Apr 16 05:21:29 pm post your entries Haylee N Green Reply (Mon Apr 15 04:30:07 pm 2019 (EDT)) NEW Transaction 3 18 cr sk yo A one-year store rental lease was signed on March 1 for $1,000 per month, and rant for the first 3 months was paid in advance. [Note: Record the complete entry for the March t transaction first and the complete adjusting entry on March 31 second.J LA Account: Prepaid Rent Dollar amount 3000 Account: Prepsid Rent Dollar amount:3000 Account: Cash Dollar amount.1000 Account: Leave Blank Dollar amount. Foil!: L rve%20Blank DOLL F7 F6 F5 F2 F1 Esc Timer NotesEvauateedback PrintInfo Course Contents. The owners paid $2,000 for website advertising. They were able to get a good deal because one of the company's owners also owns stock in the website company. The owners a some advertising in local newspapers. [Note: Combine both transactions into one entry] lso paid $7,000 for Dollar amount Dollar amount Dollar amount Dollar amount Dollar amount: Account: Account: Account: ccount Submit Ansy Cash Accounts Receivable Threaded y Invetor Other Views Mg Prepaid Rent NEW Mark NEW posts no longer new Fixtures and Equipment Export Accounts Payable e Heystek Reply (Tue Apr 16 08:51:42 am 2019 (EDT transactions into one entry does it mean literally just NEW Tra Interest Payable Wages Payable Notes Payable just one drop down box and put in Retained e items were not submitted and my previous entry of box shows up one a Paid-in Capital Earni Retained Earnings a dol Leave Blank Not sure if the attachment will show up or not NEW Re: Transaction 4 Fredris Jacobs Reply (Tue Apr 16 05:22:59 pm 2019 (EDT)) no it means that if an account is affect more than once, combine it into one effect My settings for this discussion: 1. Display All posts 2. Not new Once marked nor NEW LA Export F4 FS F3 F1 F2 Esc Course Contents Timer Notes Evaluate eFeedback-Print Info Sales were $60,000 Cost of merchandise sold was 60% of its sales price 70% of the sales were on open account. [Note: Record the complete entry for the sales first and the complete entry for the expenses second) Dollar amount: count: Account Dollar amount Dollar amount Dollar amount Account: Dollar amount Dollar amount Submit Answ Cash Accounts Receivable Threaded y Inventory Export Fitures and Equipment NEW Con Interest Payable Other Views My g Prepaid Rent NEW ccounts Payable Alessandro Michael Zakolski Reply (Mon Apr transaction 15 01:32:2 Wages Payabke Notes Payable d 65% of sales price, 35% of Sales are cash Sales Paid in Captal Retained Earnings 66,Leave Blank Account: Cash Dollar Amount: 23,100 (66,000 23 account: Accounts Receivable Dollar Amount: 42,900 Account: Retained Earnings Dollar Amount: 06,000 2-18 cr Ask yo -(66,000 / 65% Account: Inventory Dolar Amount: 101,538 Account: Retained Earnings Dollar Amount: -101,538 FLA I'm guessing my problem lies in the Inventory and second retained earnings but I'm DOLL F7 F6 F5 F4 F1 Esc Spring 2019 Survey of Accounting Concepts ain Menu Contents Grades Course ContentsTimer NotesEvaluaterint infe Transaction 1 On March 1, the three classmates opened a checking account for The Wire at a local bank. They each deposited $20,000 in exchange for shares of stock. A few of their friends also purchased stock totaling $12,000 that was deposited in The Wire account. Dollar amount: Account: Cash Dollar amount: Dollar amount: Dollar amount: Account: Cash Account: Cash Account: Notes Payable Account: Leave Blank Dollar amount: Submit Answer Incorrect. Tries 1/5 Previous Tries Send Feedback Post Discussion 8c yo LA TimerNotesEvauaeback PrintInfo The company quickly acquired $44,000 in inventory, 70% of which was paid for in cash. The rest was acquired on open accounts that were payable after 30 days. Dollar amount: Dollar amount Dollar amount Dollar amount: Dollar amount: Account: Account: Account: Account S Ans Cesourts Recaivable Post DIS Prepaid Rent Send Feedback Fixtures and Equipment Accounts Payable Interest Payable Wages Payable Notes Payable Paid-in Capital Retained Earrvings Leave Blank 8 yo LA F1 F6 F5 F4 F1 F3 Esc F2 | O Timer Notes d Evaluate efeedback-Print ,info Course Contents A one-year store rental lease was signed on March 1 for $1,000 per month, and rent for the first 3 months was paid in advance. [Note: Record the complete entry for the March 1 transaction first and the complete adjusting entry on March 31 second.] Account: Dollar amount: Dollar amount Dollar amount: Dollar amount Dollar amount Account: Account: Account Account: Submit Ansy Cash hras Prepaid Rent Export Fitures and Equipment Accounts Receivable NEW Mark NEW pests no longer new Accounts Payable NEW Lon nterst Payable 11:17:59 a Wages Payable Notes Payable Wher Paid-in Capital lem Alessandro Michael Zakolski Reely (Mon Apr 1s two leave blanks which I select in the Account box s were not submitted. Tries 0/5 Previous Tries and in message appears "Foil 1=Leave%20Blank wher Retained Earnings the t Leave Blank NEW Re: Lon-Capa submission problem 2019 (EDT) Eredric lacobs Reply (Tue Apr 16 05:21:29 pm post your entries Haylee N Green Reply (Mon Apr 15 04:30:07 pm 2019 (EDT)) NEW Transaction 3 18 cr sk yo A one-year store rental lease was signed on March 1 for $1,000 per month, and rant for the first 3 months was paid in advance. [Note: Record the complete entry for the March t transaction first and the complete adjusting entry on March 31 second.J LA Account: Prepaid Rent Dollar amount 3000 Account: Prepsid Rent Dollar amount:3000 Account: Cash Dollar amount.1000 Account: Leave Blank Dollar amount. Foil!: L rve%20Blank DOLL F7 F6 F5 F2 F1 Esc Timer NotesEvauateedback PrintInfo Course Contents. The owners paid $2,000 for website advertising. They were able to get a good deal because one of the company's owners also owns stock in the website company. The owners a some advertising in local newspapers. [Note: Combine both transactions into one entry] lso paid $7,000 for Dollar amount Dollar amount Dollar amount Dollar amount Dollar amount: Account: Account: Account: ccount Submit Ansy Cash Accounts Receivable Threaded y Invetor Other Views Mg Prepaid Rent NEW Mark NEW posts no longer new Fixtures and Equipment Export Accounts Payable e Heystek Reply (Tue Apr 16 08:51:42 am 2019 (EDT transactions into one entry does it mean literally just NEW Tra Interest Payable Wages Payable Notes Payable just one drop down box and put in Retained e items were not submitted and my previous entry of box shows up one a Paid-in Capital Earni Retained Earnings a dol Leave Blank Not sure if the attachment will show up or not NEW Re: Transaction 4 Fredris Jacobs Reply (Tue Apr 16 05:22:59 pm 2019 (EDT)) no it means that if an account is affect more than once, combine it into one effect My settings for this discussion: 1. Display All posts 2. Not new Once marked nor NEW LA Export F4 FS F3 F1 F2 Esc Course Contents Timer Notes Evaluate eFeedback-Print Info Sales were $60,000 Cost of merchandise sold was 60% of its sales price 70% of the sales were on open account. [Note: Record the complete entry for the sales first and the complete entry for the expenses second) Dollar amount: count: Account Dollar amount Dollar amount Dollar amount Account: Dollar amount Dollar amount Submit Answ Cash Accounts Receivable Threaded y Inventory Export Fitures and Equipment NEW Con Interest Payable Other Views My g Prepaid Rent NEW ccounts Payable Alessandro Michael Zakolski Reply (Mon Apr transaction 15 01:32:2 Wages Payabke Notes Payable d 65% of sales price, 35% of Sales are cash Sales Paid in Captal Retained Earnings 66,Leave Blank Account: Cash Dollar Amount: 23,100 (66,000 23 account: Accounts Receivable Dollar Amount: 42,900 Account: Retained Earnings Dollar Amount: 06,000 2-18 cr Ask yo -(66,000 / 65% Account: Inventory Dolar Amount: 101,538 Account: Retained Earnings Dollar Amount: -101,538 FLA I'm guessing my problem lies in the Inventory and second retained earnings but I'm DOLL F7 F6 F5 F4 F1 Esc