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HHeWork: Chapter 2 Homework Score: 0 of 1 pt E2-20A (book/static) 4 1 of 10 (0 c

ID: 2328391 • Letter: H

Question

HHeWork: Chapter 2 Homework Score: 0 of 1 pt E2-20A (book/static) 4 1 of 10 (0 complete) Hw Score: 0%. 0 of 10 EQuestion Hep tbe first month of operation December, the buniness. ited Dr. Helen Samoa, Professional Corporation (PC.J, experienced the following events (Cick the icon to view the evients) Requirement 1. Analyze the effects of these events on the accounting equation of the medicel practice of Or Helon Samoa PC Begin with the frst transaction on December & (Use parentheses or a minus sign when decreasing accounts, It a b is not used in the table leave the bex emply, do not enter a zero Enter the transactions in the same appear in the original list) LiabilitsStockholders' Equity Assets Accts Medical Note Common Relained Type of Equity Cash Rec +Supples LandPay Payable StockE Dec 6 ose from any list or enter any number in the input Tields and then click Check Answer Clear Al Check Arw

Explanation / Answer

SOLUTION:

Cash + Accts rec + Medical supplies + Land = Accts Pay + Notes payable + Common stock + Retained earnings Type of equity transactions Dec-06 150,000 150,000 Issued stock Dec-09 -64,000 64,000 Dec-12 2,400 2,400 Dec-15 15-31 4,900 4,900 9,800 Service revenue 15-31 -4,900 -4,900 Expenses Dec-31 1,000 -1,000 Dec-31 34,000 34,000 Dec-31 -1,300 -1,300 119,700 4,900 1,400 64,000 1,100 34,000 150,000 4,900