Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Wileyplus accounting homework answers

08/10/2021 Client: muhammad11 Deadline: 2 Day

Chapter 3 WileyPlus

Chapter 3 WileyPlus

Brief Exercise 1-9

Do It! Review 1-3

Exercise 3-1

Exercise 3-6

Brief Exercise 3-4

Do It! Review 3-4

Problem 3-5A

Brief Exercise 1-9

At the beginning of the year, Goren Company had total assets of $856,100 and total liabilities of $519,000. (Treat each item independently.)

(a) If total assets increased $177,500 during the year and total liabilities decreased $82,900, what is the amount of stockholders’ equity at the end of the year?

Stockholders’ equity$

(b) During the year, total liabilities increased $104,500 and stockholders’ equity decreased $65,800. What is the amount of total assets at the end of the year?

Total assets$http://edugen.wileyplus.com/edugen/art2/common/pixel.gif

(c) If total assets decreased $83,400 and stockholders’ equity increased $101,700 during the year, what is the amount of total liabilities at the end of the year?

Total liabilities$

Do It! Review 1-3

Marsh Corporation began operations on January 1, 2014. The following information is available for Marsh Corporation on December 31, 2014.

Accounts payable $ 8,230 Notes payable $ 13,460

Accounts receivable 5,230 Rent expense 13,230

Advertising expense 4,260 Retained earnings ?

Cash 6,330 Service revenue 31,460

Common stock 18,230 Supplies 5,130

Dividends 5,730 Supplies expense 1,440

Equipment 30,030

Don't show me this message again for the assignment

Prepare an income statement for Marsh Corporation.

Prepare a retained earnings statement for Marsh Corporation. (List items that increase retained earnings first.)

Prepare a balance sheet for Marsh Corporation. (List assets in order of liquidity.)

Exercise 3-1

Selected transactions for Warner Advertising Company, Inc., are listed here.

Describe the effect of each transaction on assets, liabilities, and stockholders’ equity.

1. Issued common stock to investors in exchange for cash received from investors.

2. Paid monthly rent.

3. Received cash from customers when service was performed.

4. Billed customers for services performed.

5. Paid dividend to stockholders.

6. Incurred advertising expense on account.

7. Received cash from customers billed in (4).

8. Purchased additional equipment for cash.

9. Purchased equipment on account.

Don't show me this message again for the assignment

Exercise 3-6

Selected transactions for Home Place, an interior decorator corporation, in its first month of business, are as follows.

1. Issued stock to investors for $15,710 in cash.

2. Purchased used car for $10,150 cash for use in business.

3. Purchased supplies on account for $240.

4. Billed customers $4,820 for services performed.

5. Paid $230 cash for advertising start of the business.

6. Received $1,730 cash from customers billed in transaction (4).

7. Paid creditor $360 cash on account.

8. Paid dividends of $390 cash to stockholders.

For each transaction indicate the basic type of account debited and credited (asset, liability, stockholders’ equity); the specific account debited and credited (Cash, Rent Expense, Service Revenue, etc.); whether the specific account is increased or decreased; and the normal balance of the specific account.

Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Brief Exercise 3-4

For each of the following accounts, indicate the effect of a debit or a credit on the account and the normal balance.

Debit Effect Credit Effect Normal Balance

(a) Accounts Payable

(b) Advertising Expense

(c) Service Revenue

(d) Accounts Receivable

(e) Retained Earnings

(f) Dividends

Do It! Review 3-4

Joel Blocker recorded the following transactions during the month of April.

Apr. 3 Cash 1,970

Service Revenue 1,970

16 Rent Expense 410

Cash 410

20 Salaries and Wages Expense 450

Cash 450

Post these entries to the Cash account of the general ledger to determine the ending balance in cash. The beginning balance in cash on April 1 was $3,370. (Post entries in the order of journal entries presented in the question.)

Problem 3-5A

Foyle Architects incorporated as licensed architects on April 1, 2014. During the first month of the operation of the business, these events and transactions occurred:

Apr. 1 Stockholders invested $23,584 cash in exchange for common stock of the corporation.

1 Hired a secretary-receptionist at a salary of $491 per week, payable monthly.

2 Paid office rent for the month $1,179.

3 Purchased architectural supplies on account from Burlington Company $1,703.

10 Completed blueprints on a carport and billed client $2,489 for services.

11 Received $917 cash advance from J. Madison to design a new home.

20 Received $3,669 cash for services completed and delivered to M. Svetlana.

30 Paid secretary-receptionist for the month $1,964.

30 Paid $393 to Burlington Company for accounts payable due.

Don't show me this message again for the assignment

Journalize the transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Don't show me this message again for the assignment

Post to the ledger T-accounts. (Post entries in the order of journal entries presented in the question.)

Prepare a trial balance on April 30, 2014.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Coursework Helper
Smart Tutor
Essay & Assignment Help
Chartered Accountant
24/7 Assignment Help
Accounting & Finance Master
Writer Writer Name Offer Chat
Coursework Helper

ONLINE

Coursework Helper

I have read your project details. I can do this within your deadline.

$49 Chat With Writer
Smart Tutor

ONLINE

Smart Tutor

I will cover all the points which you have mentioned in your project details.

$40 Chat With Writer
Essay & Assignment Help

ONLINE

Essay & Assignment Help

I will cover all the points which you have mentioned in your project details.

$38 Chat With Writer
Chartered Accountant

ONLINE

Chartered Accountant

I will cover all the points which you have mentioned in your project details.

$43 Chat With Writer
24/7 Assignment Help

ONLINE

24/7 Assignment Help

I will cover all the points which you have mentioned in your project details.

$21 Chat With Writer
Accounting & Finance Master

ONLINE

Accounting & Finance Master

I will cover all the points which you have mentioned in your project details.

$29 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Tpg mobile dealer code - Snort too many pipelined requests - Phoenicians competed with minoans for control of - Jean kilbourne essay - Itec anatomy and physiology level 3 online course - Speech - Chapter 3 summary of lord of the flies - Unwritten or unspoken understandings through which firms collude to restrict competition are called - 18th birthday songs for 18 roses - Sample pdp goals for teachers 2020 - Debt service fund journal entries - Situation problem solution evaluation examples - Acc 201 milestone one - Tomorrow when the war began quotes - Yarra valley water gis - A pair of tickets plot - Nouns verbs adjectives adverbs - Good country people online - 25o words - Digital Marketing - Statistic - 2 8 18 32 rule - Rust oleum specialty stainless steel paint - Computer architecture a quantitative approach appendix b solutions - Components of the universe - Investment adviser compliance manual - UNIT IV ASSGNMNT MBA 6601 - Powerpoint on Group Cohesiveness - Covid vs TB - Compare and contrast leadership and followership - Synthes small frag inventory - Homelux heatwave lcd thermostat instructions - It strategy template gartner - Their city used to be walled 7 little words - Holland park ecology centre - Blue mountains grammar school - Http www codeblocks org downloads - Analytic - Group therapy a live demonstration - I can almost see it - Lifebuoy product life cycle - Business studies marketing notes - Definition of Hyper-threading for two audiences - Elements named after places - The good morrow translation - Michael sadler industrial revolution - Aristotle nicomachean ethics second edition - Cnn gainers - Community centre hong kong - Glo bus year 7 decisions answers - Rhetorical analysis on cdc adhd - Ten 4 bruising rule - Dsdm agile practitioner exam - Introduction on needs and wants of the ancient communities - CS week 4 discussion - why Data base is better than google search - Postpartum case study answers - Wood pole mounting brackets - Monash citing and referencing library guide - Grand canyon university children's functional health pattern assessment - A wrinkle in time chapter 6 questions and answers - A 1130 kg car is held in place - Define hardness of water in chemistry - Five step marketing research approach powerpoint - Assignment Due 10/22/2020 APA Format - Vitamin b6 in banana - Managerial accounting - Central coast adventist school - Creac example - Global Cities Form - Under absorption and over absorption of overheads - What is short circuit current in solar cell - Powerpoint - Apprenticeship staff support programme - Trader joe's wool dryer balls price - Society and culture pip examples - Hume city council enterprise agreement - Walmart cvp analysis - Sathya sai speaks search engine - Go-live announcement for key stakeholders - Organ leader and decision making - Critical to quality lean six sigma - For consideration to have "legally sufficient value," it must consist of goods or money. - Pearson vue - gbr - Resistance of the primary winding - Gdp 11e online software student registration card printed access code - What is behind the growth in photo sharing? - How to get cheap dissertation writing help - Markus prior news vs entertainment - Titration of hydrogen peroxide with potassium permanganate - Events in animal farm and what they represent - Ibm content navigator sample code - Cmomogy 1 page - Features of the syssitia - High school geometry midterm practice test - Post incident executive summary report template - Las playas de isla del sol son muy limpias - Dmu student services number - Resistors in series and parallel lab answers - George ritzer sociological theory pdf download