The writer is very fast, professional and responded to the review request fast also. Thank you.
How do I determine the amounts for the transactions at Sunland Company?
Sunland Company entered into these transactions during May 2017, its first month of operations. Stockholders invested $43,500 in the business in exchange for common stock of the companyPurchased computers for office use for $32,200 from Ladd on account. Paid $5,300 cash for May rent on storage space. Performed computer services worth $17,800 on account. Performed computer services for Wharton Construction Company for $5,600 cash. Paid Western States Power Co. $7,600 cash for energy usage in May. Paid Ladd for the computers purchased in (2). Incurred advertising expense for May of $1,900 on account. Received $12,900 cash from customers for contracts billed in (4). EDPVNQWPWN!‘ Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to Stockholders’ Equity in the far rightcolumn. (If a transaction causes a decrease in Assets, Liabilities or Stockholders’ Equity, place a negative sign (or parentheses) in front of the amountentered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-3 for example.) Assets Liabilities + stockholders’ Equity + Accounts . Accounts Common+ = +Cash R c i ll Equipment Payable Stock Retalned Earnings Revenues – Expenses
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more