The following schedule reflects shows the first month's transactions of the Green Construction Company; Jennifer Green is its sole stockholder:???Accounts ?????Accounts ?Cash+Receivable+Supplies ?+Equipment=Payable +Equity1.+20,000?????????+20,0002.?5,000?????+5,000????3.????+$1,500???+1,500??4.+3,000?????????+3,0005.+1,000?+1,500???????+2,5006.?750????????750??7.+500??500????????8.?????400??????4009.?2,000??????????2,000
What will be an ideal response?
1. Investment of cash in business by stockholder or performed services for cash.
2. Purchased equipment for cash.
3. Purchased supplies on credit.
4. Performed services for cash or investment of cash in business by stockholder in exchange for stock.
5. Performed services for both cash and on credit.
6. Paid accounts payable.
7. Received cash for an account receivable.
8. Used supplies in business.
9. Cash dividend paid to stockholder or paid expense of business.
You might also like to view...
Predicting economic and income growth rates is particularly important when researching which type of market?
A) existing markets B) latent markets C) parallel markets D) incipient markets E) local markets
Which of the following statements is true of the arbitration of disputes?
A) It includes a judicial review. B) It can come about through treaties. C) It can be regulated though the provision of a choice-of-forum clause. D) It is considered to be more public than litigation.
When excessive competition replaces the cooperation necessary for organizational and individual success, communication can be diminished, if not eliminated
Indicate whether the statement is true or false
Which of the following scenarios would be considered to be a breach of human rights law? An employer refuses to
A) modify premises to accommodate a recently disabled employee because the cost is more than the business can currently afford B) allow his sole employee not to work on Sundays for religious reasons C) purchase adaptive devices for an employee who has recently lost his sight and fires the employee as a result D)pay for dental implants for an employee who was recently injured in a car accident E) all of the above would be a breach of human rights law