AT&T; LTE 1:18 PM 9996 0 Unit 2-Chapter 2 Assig correct. The following informati

Question

AT&T; LTE 1:18 PM 9996 0 Unit 2-Chapter 2 Assig correct. The following information applies to me questions displayed below Bearings& Brakes Corporation (8&) ws incorporsted s pri company. The company's accounts included the following at June 30. During the menth of uly the company had the following activities ssued 4,000 shares of Borrowed $115.000 cash from a Bought a bulding for $188000 paid smoor, cash and signed 0 common ssock for $400 000 cash bank, payable in in four years the balance for equipment that Paid cash for equigment that cost 50000 Punchased supplies for $101000 on aocount SOL000 Required Analyze transactions(a)-e) to determine their effects on the accounting equation. (Enter any decreases to acceunt balances with aas sign) BookInterpret the balance sheet using the cument ratio andan understanding of selaned conceets eBook Prepare an unadusted rial balance and a classified balance sheet eBook use journa, ertnes and Treeures to 9ow how Mansactons anect the balance sheet Check my work

Explanation / Answer

Assets = Liabilities + Stockholder Equity a 400000 400000 b 115000 115000 c 188000 111000 -77000 C total 111000 d 101000 -101000 e 101000 101000 Date Accounts Title Dr Cr a Cash $400000 Common stock $400000 b Cash $115000 Loan Payable $115000 c Building 188000 Cash 77000 Note payable 111000 d Equipment 101000 cash 101000 e Supplies 101000 Accounts payable 101000 Cash Date Particulars Amt Date Particulars Amt Beg, Balance c Building 77000 a Common stock 400000 d Equipment 101000 b Loan payable 115000 Ending balance Common stock Date Particulars Amt Date Particulars Amt Beg bal Cash 400000 Loan Payable Date Particulars Amt Date Particulars Amt Beg bal Cash 115000 Building Date Particulars Amt Date Particulars Amt Beg Balance Cash 77000 Notes payable 110000 Equipment Date Particulars Amt Date Particulars Amt Beg Balance Cash 101000 Supplies Date Particulars Amt Date Particulars Amt Beg Balance Accounts pauyable 101000 Ans 9 It comes from stockholder Equity As apart from the previous balance $400000 common stock is issued Dear Student the image of the box which contains Balance of June 30 like accounts payable,buildings amount is blurred. So I am unable to anwer trial balance and balance sheet part. If you could enter the figures of the box in comment box under question than I could complete the trial balance and balance sheet. It starts from accounts payable and end on supplies Rest all is visible.

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