WI18.ACCT.110.VO1 - Financial Accounting | Home / My courses / W118.ACCT.110.01
ID: 2606249 • Letter: W
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WI18.ACCT.110.VO1 - Financial Accounting | Home / My courses / W118.ACCT.110.01 / January 8 - January 14 / Chapter 1 Assignment Dropbox (Graded) Chapter 1 Assignment Dropbox (Graded) Please submit your Chapter 1 Homework Assignment by using the template provided and uploading it to this drop box. Complete the following homework assignment for this module: • Ex 1-5: Accounting Equation (page 36) Ex 1-6: Accounting Equation (page 36) • Ex 1-8: Asset, liability, and stockholders' equity items (page 37) Ex 1-9: Effect of transactions on accounting equation (page 37). • Ex 1-11: Effect of transactions on stockholders' equity (page 37) • Ex 1-18: Retained earnings statement (page 39) • Ex 1-19: Income Statement (page 39) . Ex 1-21: Balance sheets, net income (page 40)Explanation / Answer
ANSWER1
YES, THE CHEIF EXECUTIVE OFFICER must disclose the facts about the report to the representtives of yellowstone country representatives about the comapnies product relaeasing toxic products in the environment because as the company will shift to yellowstone country the company will have to comply with the environmental laws of that country and the level of pollution that could cause harm to the atmosphere of that country. Nowdays even the companies have the obligation as per corporate social responsibility to make disclosure that could effect the environment.
2ANSWER
TRANSACTION 2,8 will be recorded by LAKE BOUTIQUE
TRANSACTION 3,5,6,10 will be recorded by OZARK SPORTS
TRANSACTION 4,will be recorded by MISSOUI STATE BANK
TRANSACTION 1,7,9 will be recorded by NONE OF ABOVE
ANSWER3
Calculation of stockholders equity = assets - liabilities
Keurig = $4797 - $1338 = $3459
Starbucks = $10753 - $ 5481 = $5272
ANSWER4
Calculation of stockholders equity
Equity = Assets - liabilities
Dollar Tree = $2772 - $1601 = $1171
Target = $44553 - $28322 = $16231
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