Need some accounting help, essay and question

Anonymous
timer Asked: Jul 2nd, 2018
account_balance_wallet $15

Question description

Part 1

  • Please identify four of the financial statements a for-profit organization will compile, define them, and then describe how they interact with each other.
  • Write a 2 page paper explaining how it works. ( APA STYLE)

Part 2

  • Exercise 3-9A on page 178
  • Exercise 3-10A on page 178
  • Exercise 3-15A on page 179
  • Exercise 3-17A on page 180
  • Problem 3-31A page 187
  • Exercise 4-17A
  • Pages are below ***

Need some accounting help, essay and question
3_9a.jpg
Need some accounting help, essay and question
3_10a.jpg
Need some accounting help, essay and question
3_15a_pt1.jpg
Need some accounting help, essay and question
3_15a_pt_2.jpg
Need some accounting help, essay and question
3_17a_pt1.jpg

Tutor Answer

Ben95
School: New York University

Attached.

EXERCISE 3-9A

A, e and f
Assets

=

Cash

Accounts Rec.
160000

120000
120000
40000

40000

160000

0

Stockholders’ Equity
Retained Earnings
160000

120000
40000

b & g Net Changes in Cash
Davos Company
Effect of Transaction on Financial Statements in 2016 and 2017

No.
2016
1.
2.
Bal.
2017
3.
Bal.

Assets
=
Acct. Rec.
Cash +
=

Liab.

+
+

Stockholder Equity
Comm.
Retained
Stock
+ Earnings

Rev.



Exp.

=

Net Inc.

Cash Flows

NA
120000 +
120000 +

160,000
-120000 =
40000 =

NA
NA
0 +

NA
NA
0 +

160,000
NA
160000

160,000
NA
160000 −

NA
NA
0 =

160,000
NA
160000

NA
120000
120000

40000
160,000 +

-40000
-0- =

0
0 +

0
0 +

0
0

0
0 −

0
0 =

0
0

40000
40000

c.

Revenues recorded - 160000

d.

2015 Cash flows = 120000

h.

2017 Net income = 0, 2017 sCash flow is 40000
EXERCISE 3-10A

A, b and e.
Assets
Accounts Rec.
Debit
a1
25,000
Bal.
25,000

Credit

Supplies
Debit
2800
250

Credit
2550

=

Liabilities
Accounts Pay.
Debit

Credit
2800
2800

+

Stockholders’ Equity
Retained Earnings
Debit
Credit
cl
2,550 cl
25,000
Bal. 22,450
Service Revenue
Debit
Credit
25000

c. NC = Net Changes in Cash
Chase Architectural Services
Effects of Transactions on Financial Statements in 2016
Assets
No.
a1.
a2.
b.
Bal.

Accts.
Rec.
+ Supplies
25,000
NA
0
2800
0
-2550
25000
2...

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Anonymous
Top quality work from this guy! I'll be back!

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