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 exercise answers

01/01/2021 Client: saad24vbs Deadline: 3 days

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:

University Coursework Help
Best Coursework Help
Homework Guru
Helping Hand
Top Essay Tutor
Writer Writer Name Offer Chat
University Coursework Help

ONLINE

University Coursework Help

Hi dear, I am ready to do your homework in a reasonable price.

$62 Chat With Writer
Best Coursework Help

ONLINE

Best Coursework Help

I am an Academic writer with 10 years of experience. As an Academic writer, my aim is to generate unique content without Plagiarism as per the client’s requirements.

$60 Chat With Writer
Homework Guru

ONLINE

Homework Guru

Hi dear, I am ready to do your homework in a reasonable price and in a timely manner.

$62 Chat With Writer
Helping Hand

ONLINE

Helping Hand

I am an Academic writer with 10 years of experience. As an Academic writer, my aim is to generate unique content without Plagiarism as per the client’s requirements.

$60 Chat With Writer
Top Essay Tutor

ONLINE

Top Essay Tutor

I have more than 12 years of experience in managing online classes, exams, and quizzes on different websites like; Connect, McGraw-Hill, and Blackboard. I always provide a guarantee to my clients for their grades.

$65 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

Ethuics and Cyberlaw and Security - Write the chemical equation for the ionic reaction between na2s and agno3 . - Oracle sequence cache size performance - Hastings corporation is interested in acquiring - Caduceus international publishing medical terminology key code - Retail inventory flow chart - Job enrichment in hrm - Goneril poisons regan quote - Get rms customer number - No copy and paste and must be read instructions carefully and follow them. - Discussion board-Critical Infrastructure Vulnerability Assessment (CISA) - Www boq com au internet banking - Transshipment problem excel - Reasonable and Affordable Cost ::+27835179056 SAFE ABORTION CLINIC//PILLS Boston Byrne Dargle Hilton Howick Impendile Merrivale - Operations management functions at nissan - Family therapy history theory and practice 6th edition - Human resource test - Conservation of momentum in one dimension tutorial homework answers - Reading guide questions lord of the flies answers - Bitcoins - Draw enantiomer of the compound shown below - Difference between military and professional bearing - Kirchhoff's law lab report - 11-15 mackay street kewdale wa 6105 - Haunting in connecticut story - Autek research wm 1 - Kramer pharmaceuticals case study solution - Leadership skills - Stars dogs plowhorses and puzzles - Australian unity wholesale healthcare property trust - Kansas state university veterinary lab - Writing assignment - Macro political risk events examples - Welding workshop inspection checklist - Australian air express v langford - Johnson and johnson case study - Information technology for managers reynolds pdf - Merv irvine nursing home - Temple university writing center - Colorism essay examples - American national government - Andy goldsworthy floating hole - Environmental health and safety paper - How to use backtrack 5 to hack wifi - Critical Thinking - Unit 2 Advance Business Statistics - Practical aviation & aerospace law workbook answers - WEEK 6 DISCUSSION - Polarity and electronegativity worksheet - Describe each of the activities that comprise strategy evaluation - There is no such think as free lunch - Dolan company accounting records reflect - Essay self definition two pages - Infant feeding guidelines for health workers - Gig 15 pro cocktail machine price - Leadership research findings practice and skills free pdf - Questions on Logistic Regression using R - Campmaster butane stove recall - Ricardo conoció a su nuevo jefe en la cafetería antes de la entrevista. - Sap content server latest version - Internal environment factors in strategic management - 12 angry men essay - 500 50 x 22.5 - The different types of friendships informative speech - Ge rr7 relay replacement - Project management email ops 571 - Gestalt principles in advertising - Calculus - Who are the target customers for jeep cherokee - Caravan and camping show exhibitors - Dunkin donuts structure - Purple cow activity answers - Accumulated depreciation and depreciation expense are classified, respectively, as - Which global enterprises employee used to work for the los angeles police department? - Brooks dfo south wharf - Unimelb library apa referencing - Nasa water rocket simulator - Need help with DB - Aberdeen university pgde timetable - Trowbridge minor injuries unit - Essentials of sociology 2nd edition george ritzer pdf - Enthalpy formation of magnesium oxide - The oldest pilot module c answers - How to solve telescoping series - Integrated Marketing Communications (IMC) Promotional Mix Essay-4-5 pages w/o cover and ref - Journal Article - Level 5 leadership jim collins summary - Past medical history questions shadow health - Capilano university north american business management fees - Blau social exchange theory - Ibis cardiff city centre - Lit 103 - 2016 physics exam solutions - Business ethics final exam questions and answers - Writing 2 - Complete and partial defences - How to bake a cake speech - Betasustainability etf units - Ncea level 1 maths tables equations and graphs - Nsw state records keyname search