Business, 08.10.2020 14:01 ashvinmsingh

Pandey Inc. had the following activities during the month:. A. Borrowed $890,000 cash, signing a promissory note.
B. Bought a building for $1,180,000, paying $260,000 in cash and signing a promissory note for $920,000.
C. Rented equipment at a cost of $29,000 per month and issued a check covering six months’ rent.
D. Provided $200,000 of services and billed customers.
E. Purchased $68,000 of supplies on account.
F. Received a utility bill for the current period in the amount of $5,000.
G. Raised sales prices on 200 units from $450 per unit to $630 per unit.
H. Received a 50% deposit from a customer on a $58,000 order to be filled next month.
Required:
Analyze each of the activities (A) through (H) above with the goal of indicating their effects on the basic accounting equation by completing the table below. Indicate the accounts and amounts involved. Include a plus (+) or minus (−) sign before each number to show its effect on the accounting equation. If the activity should not to be recorded as a transaction, enter the word "None" in the first column for that activity. ' EquityAccount(s)AmountAccount(s)Amo untAccount(s)AmountABCDEFGHWhat will be an ideal response?

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 23:00

You and your new australian bride matilda, are applying for a loan and are required to submit a balance sheet with your net worth. you own a 2008 toyota camry that you bought last month for $9,995. the kelly blue book value for this car is $13,995. you owe $8,150 on the car loan for the camry. you pay off your visa credit card every month and have not paid any credit card interest this year. the current visa credit card balance is $3,522, and the next statement is due in 15 days. you have a student loan balance of $6,500. you presently have $425 in your checking account and $1,540 in your savings account. you own 100 shares of ibm stock that you purchased for $85.50 per share. one share of ibm is now selling for $158.42. you own computers and other electronics that you purchased for $4,100 but could probably sell today on e-bay for $1,800. your gross income is $80,000 per year. what is your current net worth? (see wb ch. 2 example 2.3)

Answers: 1

Answer

Business, 22.06.2019 23:00

Acollege registrar's office requires you to first visit with one of three advisors and then with one of two financial professionals. this system best described as which of the following? a. single server, single phase systemb. multiple server multiphase systemc. multiple server, cross phase systemd. single server, multiphase systeme. multiple server, single phase system

Answers: 2

Answer

Business, 23.06.2019 00:20

Firms like papa john’s, domino’s, and pizza hut sell pizza and other products that are differentiated in nature. while numerous pizza chains exist in most locations, the differentiated nature of these firms’ products permits them to charge prices above marginal cost. given these observations, is the pizza industry most likely a monopoly, perfectly competitive, monopolistically competitive, or an oligopoly industry?

Answers: 1

Answer

Business, 23.06.2019 01:10

Mountain mouse makes freeze-dried meals for hikers. one of mountain mouse's biggest customers is a sporting goods superstore. every 66 days, mountain mouse checks the inventory level at the superstore and places an order to restock the meals. these meals are delivered by ups in 55 days. average demand during the reorder period and order lead time is 8585 meals, and the standard deviation of demand during this same time period is about 1919 meals.calculate the restocking level for mountain mouse. assume that the superstore wants a 95\% service level. what happens to the restocking level if the superstore wants a higher level of service-say, 99]%? the restocking level for the 95% service level is 117 mealssuppose there are 25 meals in the superstore when mountain mouse checks inventory levels. how many meals should be ordered, assuming a 95% service level?

Answers: 3

Answer

You know the right answer?

Pandey Inc. had the following activities during the month:. A. Borrowed $890,000 cash, signing a pr...

Questions