SlideShare a Scribd company logo
1 of 1
Download to read offline
Transactions
On September 1 of the current year, Joy Tucker established a business to manage rental
property. She completed the following transactions during September:
Required:
1. Indicate the effect of each transaction and the balances after each transaction:
For those boxes in which no entry is required, leave the box blank.
For those boxes in which you must enter subtractive or negative numbers use a minus sign.
(Example: -300)
2. Stockholders' equity is the right of stockholders' to the assets of the business. These rights are
increased by issuing common stock and revenues and decreased by dividends and expenses.
3. Determine the net income for September.
$
4. How much did September's transactions (a-j) increase or decrease retained earnings?
Increased by $Assets=Liabilities+Stockholders' EquityItemCash+Accounts
Receivable+Supplies=Accounts Payable+Common Stock-Dividends+Fees Earned-Rent
Expense-Sal. Expense-Supp. Expense-Auto Expense-Misc. ExpenseItem a. a. b. b. Bal. Bal.
c. c. Bal. Bal. d. d. Bal. Bal. e. e. Bal. Bal. f. f. Bal. Bal. g. g. Bal. Bal. h. h. Bal.
Bal. i. i. Bal. Bal. j. j. Bal. Bal.
Solution

More Related Content

Similar to Transactions On September 1 of the current year, Joy Tucker estab.pdf

BWeek One Exercise AssignmentBasic Accounting Equations1.docx
BWeek One Exercise AssignmentBasic Accounting Equations1.docxBWeek One Exercise AssignmentBasic Accounting Equations1.docx
BWeek One Exercise AssignmentBasic Accounting Equations1.docx
humphrieskalyn
 
AWeek One Exercise AssignmentBasic Accounting Equations1.Recog.docx
AWeek One Exercise AssignmentBasic Accounting Equations1.Recog.docxAWeek One Exercise AssignmentBasic Accounting Equations1.Recog.docx
AWeek One Exercise AssignmentBasic Accounting Equations1.Recog.docx
ikirkton
 
1. Recognition of normal balances The following items appeared i.docx
1. Recognition of normal balances The following items appeared i.docx1. Recognition of normal balances The following items appeared i.docx
1. Recognition of normal balances The following items appeared i.docx
mansonagnus
 
. Basic transaction processing. On November 1 of the current.docx
. Basic transaction processing. On November 1 of the current.docx. Basic transaction processing. On November 1 of the current.docx
. Basic transaction processing. On November 1 of the current.docx
marilynnhoare
 
Muhasebe slaytları
Muhasebe slaytlarıMuhasebe slaytları
Muhasebe slaytları
alper
 
1) Questions & Your AnswersYour Answer1.(Multiple Choice)Purch.docx
1) Questions & Your AnswersYour Answer1.(Multiple Choice)Purch.docx1) Questions & Your AnswersYour Answer1.(Multiple Choice)Purch.docx
1) Questions & Your AnswersYour Answer1.(Multiple Choice)Purch.docx
dorishigh
 
Week One Exercise AssignmentBasic Accounting Equations1. Basic.docx
Week One Exercise AssignmentBasic Accounting Equations1. Basic.docxWeek One Exercise AssignmentBasic Accounting Equations1. Basic.docx
Week One Exercise AssignmentBasic Accounting Equations1. Basic.docx
alanfhall8953
 
Required information CP84 Algo Accounting for Accounts an.pdf
Required information CP84 Algo Accounting for Accounts an.pdfRequired information CP84 Algo Accounting for Accounts an.pdf
Required information CP84 Algo Accounting for Accounts an.pdf
info213941
 

Similar to Transactions On September 1 of the current year, Joy Tucker estab.pdf (16)

BWeek One Exercise AssignmentBasic Accounting Equations1.docx
BWeek One Exercise AssignmentBasic Accounting Equations1.docxBWeek One Exercise AssignmentBasic Accounting Equations1.docx
BWeek One Exercise AssignmentBasic Accounting Equations1.docx
 
AWeek One Exercise AssignmentBasic Accounting Equations1.Recog.docx
AWeek One Exercise AssignmentBasic Accounting Equations1.Recog.docxAWeek One Exercise AssignmentBasic Accounting Equations1.Recog.docx
AWeek One Exercise AssignmentBasic Accounting Equations1.Recog.docx
 
1. Recognition of normal balances The following items appeared i.docx
1. Recognition of normal balances The following items appeared i.docx1. Recognition of normal balances The following items appeared i.docx
1. Recognition of normal balances The following items appeared i.docx
 
Introduction to Accounting and Business
Introduction to Accounting and BusinessIntroduction to Accounting and Business
Introduction to Accounting and Business
 
Acct 311 final exam answers
Acct 311 final exam answersAcct 311 final exam answers
Acct 311 final exam answers
 
. Basic transaction processing. On November 1 of the current.docx
. Basic transaction processing. On November 1 of the current.docx. Basic transaction processing. On November 1 of the current.docx
. Basic transaction processing. On November 1 of the current.docx
 
Muhasebe slaytları
Muhasebe slaytlarıMuhasebe slaytları
Muhasebe slaytları
 
Accounting principles 1d
Accounting principles 1dAccounting principles 1d
Accounting principles 1d
 
Chapter04
Chapter04Chapter04
Chapter04
 
Ch10
Ch10Ch10
Ch10
 
Ch03
Ch03Ch03
Ch03
 
1) Questions & Your AnswersYour Answer1.(Multiple Choice)Purch.docx
1) Questions & Your AnswersYour Answer1.(Multiple Choice)Purch.docx1) Questions & Your AnswersYour Answer1.(Multiple Choice)Purch.docx
1) Questions & Your AnswersYour Answer1.(Multiple Choice)Purch.docx
 
Accounting principles 1D
Accounting principles 1DAccounting principles 1D
Accounting principles 1D
 
Week One Exercise AssignmentBasic Accounting Equations1. Basic.docx
Week One Exercise AssignmentBasic Accounting Equations1. Basic.docxWeek One Exercise AssignmentBasic Accounting Equations1. Basic.docx
Week One Exercise AssignmentBasic Accounting Equations1. Basic.docx
 
Williams03
Williams03Williams03
Williams03
 
Required information CP84 Algo Accounting for Accounts an.pdf
Required information CP84 Algo Accounting for Accounts an.pdfRequired information CP84 Algo Accounting for Accounts an.pdf
Required information CP84 Algo Accounting for Accounts an.pdf
 

More from fsenterprises

Why do you believe money laundering is a difficult fraud to investig.pdf
Why do you believe money laundering is a difficult fraud to investig.pdfWhy do you believe money laundering is a difficult fraud to investig.pdf
Why do you believe money laundering is a difficult fraud to investig.pdf
fsenterprises
 
Were writing code for a project that dynamically allocates an arra.pdf
Were writing code for a project that dynamically allocates an arra.pdfWere writing code for a project that dynamically allocates an arra.pdf
Were writing code for a project that dynamically allocates an arra.pdf
fsenterprises
 
What are the major challenges for managing health care information t.pdf
What are the major challenges for managing health care information t.pdfWhat are the major challenges for managing health care information t.pdf
What are the major challenges for managing health care information t.pdf
fsenterprises
 
Using the Tustin equivalence with the prewarping method, fnd the dis.pdf
Using the Tustin equivalence with the prewarping method, fnd the dis.pdfUsing the Tustin equivalence with the prewarping method, fnd the dis.pdf
Using the Tustin equivalence with the prewarping method, fnd the dis.pdf
fsenterprises
 
Use Java programming Thank you very much Programing requirement for.pdf
Use Java programming Thank you very much Programing requirement for.pdfUse Java programming Thank you very much Programing requirement for.pdf
Use Java programming Thank you very much Programing requirement for.pdf
fsenterprises
 
Security Standards Please respond to the following A number of .pdf
Security Standards Please respond to the following A number of .pdfSecurity Standards Please respond to the following A number of .pdf
Security Standards Please respond to the following A number of .pdf
fsenterprises
 
Real Estate Finance essay questionWhy did observers at first belie.pdf
Real Estate Finance essay questionWhy did observers at first belie.pdfReal Estate Finance essay questionWhy did observers at first belie.pdf
Real Estate Finance essay questionWhy did observers at first belie.pdf
fsenterprises
 
Please help. C++ The program is an interactive program th.pdf
Please help. C++ The program is an interactive program th.pdfPlease help. C++ The program is an interactive program th.pdf
Please help. C++ The program is an interactive program th.pdf
fsenterprises
 
please answer this case using down picturein business ethics emplo.pdf
please answer this case using down picturein business ethics emplo.pdfplease answer this case using down picturein business ethics emplo.pdf
please answer this case using down picturein business ethics emplo.pdf
fsenterprises
 

More from fsenterprises (20)

Why do you believe money laundering is a difficult fraud to investig.pdf
Why do you believe money laundering is a difficult fraud to investig.pdfWhy do you believe money laundering is a difficult fraud to investig.pdf
Why do you believe money laundering is a difficult fraud to investig.pdf
 
Which of the following is a characteristic of Baroque instrumental m.pdf
Which of the following is a characteristic of Baroque instrumental m.pdfWhich of the following is a characteristic of Baroque instrumental m.pdf
Which of the following is a characteristic of Baroque instrumental m.pdf
 
What was the energy that was not passed on to the next trophic le.pdf
What was the energy that was not passed on to the next trophic le.pdfWhat was the energy that was not passed on to the next trophic le.pdf
What was the energy that was not passed on to the next trophic le.pdf
 
What sort of religious ideas does the megalith Stonehenge suggest A.pdf
What sort of religious ideas does the megalith Stonehenge suggest A.pdfWhat sort of religious ideas does the megalith Stonehenge suggest A.pdf
What sort of religious ideas does the megalith Stonehenge suggest A.pdf
 
What are successful approaches to forecasting and creating a needed .pdf
What are successful approaches to forecasting and creating a needed .pdfWhat are successful approaches to forecasting and creating a needed .pdf
What are successful approaches to forecasting and creating a needed .pdf
 
Were writing code for a project that dynamically allocates an arra.pdf
Were writing code for a project that dynamically allocates an arra.pdfWere writing code for a project that dynamically allocates an arra.pdf
Were writing code for a project that dynamically allocates an arra.pdf
 
What are the major challenges for managing health care information t.pdf
What are the major challenges for managing health care information t.pdfWhat are the major challenges for managing health care information t.pdf
What are the major challenges for managing health care information t.pdf
 
Using the Tustin equivalence with the prewarping method, fnd the dis.pdf
Using the Tustin equivalence with the prewarping method, fnd the dis.pdfUsing the Tustin equivalence with the prewarping method, fnd the dis.pdf
Using the Tustin equivalence with the prewarping method, fnd the dis.pdf
 
Use Java programming Thank you very much Programing requirement for.pdf
Use Java programming Thank you very much Programing requirement for.pdfUse Java programming Thank you very much Programing requirement for.pdf
Use Java programming Thank you very much Programing requirement for.pdf
 
Translate the following C++ code segment into Mic-1 IJVM machine lan.pdf
Translate the following C++ code segment into Mic-1 IJVM machine lan.pdfTranslate the following C++ code segment into Mic-1 IJVM machine lan.pdf
Translate the following C++ code segment into Mic-1 IJVM machine lan.pdf
 
To correct the vision of a person who is nearR sighted, we use a div.pdf
To correct the vision of a person who is nearR sighted, we use a div.pdfTo correct the vision of a person who is nearR sighted, we use a div.pdf
To correct the vision of a person who is nearR sighted, we use a div.pdf
 
The height of the water in the tank pictured below 7 ft. The tank is.pdf
The height of the water in the tank pictured below 7 ft. The tank is.pdfThe height of the water in the tank pictured below 7 ft. The tank is.pdf
The height of the water in the tank pictured below 7 ft. The tank is.pdf
 
Suppose that a classroom has 4 light bulbs. The probability that eac.pdf
Suppose that a classroom has 4 light bulbs. The probability that eac.pdfSuppose that a classroom has 4 light bulbs. The probability that eac.pdf
Suppose that a classroom has 4 light bulbs. The probability that eac.pdf
 
Security Standards Please respond to the following A number of .pdf
Security Standards Please respond to the following A number of .pdfSecurity Standards Please respond to the following A number of .pdf
Security Standards Please respond to the following A number of .pdf
 
Real Estate Finance essay questionWhy did observers at first belie.pdf
Real Estate Finance essay questionWhy did observers at first belie.pdfReal Estate Finance essay questionWhy did observers at first belie.pdf
Real Estate Finance essay questionWhy did observers at first belie.pdf
 
Provide your key points of Setup Reducation Provide your key points.pdf
Provide your key points of Setup Reducation  Provide your key points.pdfProvide your key points of Setup Reducation  Provide your key points.pdf
Provide your key points of Setup Reducation Provide your key points.pdf
 
Please help. C++ The program is an interactive program th.pdf
Please help. C++ The program is an interactive program th.pdfPlease help. C++ The program is an interactive program th.pdf
Please help. C++ The program is an interactive program th.pdf
 
please answer this case using down picturein business ethics emplo.pdf
please answer this case using down picturein business ethics emplo.pdfplease answer this case using down picturein business ethics emplo.pdf
please answer this case using down picturein business ethics emplo.pdf
 
Al has three times as much money as Bill. Bill has two times as much.pdf
Al has three times as much money as Bill. Bill has two times as much.pdfAl has three times as much money as Bill. Bill has two times as much.pdf
Al has three times as much money as Bill. Bill has two times as much.pdf
 
A SURVEY is a tool used to collect information about a population. L.pdf
A SURVEY is a tool used to collect information about a population. L.pdfA SURVEY is a tool used to collect information about a population. L.pdf
A SURVEY is a tool used to collect information about a population. L.pdf
 

Recently uploaded

Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in DelhiRussian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
kauryashika82
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
QucHHunhnh
 

Recently uploaded (20)

Advance Mobile Application Development class 07
Advance Mobile Application Development class 07Advance Mobile Application Development class 07
Advance Mobile Application Development class 07
 
social pharmacy d-pharm 1st year by Pragati K. Mahajan
social pharmacy d-pharm 1st year by Pragati K. Mahajansocial pharmacy d-pharm 1st year by Pragati K. Mahajan
social pharmacy d-pharm 1st year by Pragati K. Mahajan
 
A Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformA Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy Reform
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy Consulting
 
Measures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeMeasures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and Mode
 
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxSOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
 
IGNOU MSCCFT and PGDCFT Exam Question Pattern: MCFT003 Counselling and Family...
IGNOU MSCCFT and PGDCFT Exam Question Pattern: MCFT003 Counselling and Family...IGNOU MSCCFT and PGDCFT Exam Question Pattern: MCFT003 Counselling and Family...
IGNOU MSCCFT and PGDCFT Exam Question Pattern: MCFT003 Counselling and Family...
 
Disha NEET Physics Guide for classes 11 and 12.pdf
Disha NEET Physics Guide for classes 11 and 12.pdfDisha NEET Physics Guide for classes 11 and 12.pdf
Disha NEET Physics Guide for classes 11 and 12.pdf
 
Key note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdfKey note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdf
 
Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104
 
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in DelhiRussian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
 
Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)
 
Mattingly "AI & Prompt Design: The Basics of Prompt Design"
Mattingly "AI & Prompt Design: The Basics of Prompt Design"Mattingly "AI & Prompt Design: The Basics of Prompt Design"
Mattingly "AI & Prompt Design: The Basics of Prompt Design"
 
BAG TECHNIQUE Bag technique-a tool making use of public health bag through wh...
BAG TECHNIQUE Bag technique-a tool making use of public health bag through wh...BAG TECHNIQUE Bag technique-a tool making use of public health bag through wh...
BAG TECHNIQUE Bag technique-a tool making use of public health bag through wh...
 
Class 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdfClass 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdf
 
Arihant handbook biology for class 11 .pdf
Arihant handbook biology for class 11 .pdfArihant handbook biology for class 11 .pdf
Arihant handbook biology for class 11 .pdf
 
Sports & Fitness Value Added Course FY..
Sports & Fitness Value Added Course FY..Sports & Fitness Value Added Course FY..
Sports & Fitness Value Added Course FY..
 
Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17
 
Measures of Dispersion and Variability: Range, QD, AD and SD
Measures of Dispersion and Variability: Range, QD, AD and SDMeasures of Dispersion and Variability: Range, QD, AD and SD
Measures of Dispersion and Variability: Range, QD, AD and SD
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
 

Transactions On September 1 of the current year, Joy Tucker estab.pdf

  • 1. Transactions On September 1 of the current year, Joy Tucker established a business to manage rental property. She completed the following transactions during September: Required: 1. Indicate the effect of each transaction and the balances after each transaction: For those boxes in which no entry is required, leave the box blank. For those boxes in which you must enter subtractive or negative numbers use a minus sign. (Example: -300) 2. Stockholders' equity is the right of stockholders' to the assets of the business. These rights are increased by issuing common stock and revenues and decreased by dividends and expenses. 3. Determine the net income for September. $ 4. How much did September's transactions (a-j) increase or decrease retained earnings? Increased by $Assets=Liabilities+Stockholders' EquityItemCash+Accounts Receivable+Supplies=Accounts Payable+Common Stock-Dividends+Fees Earned-Rent Expense-Sal. Expense-Supp. Expense-Auto Expense-Misc. ExpenseItem a. a. b. b. Bal. Bal. c. c. Bal. Bal. d. d. Bal. Bal. e. e. Bal. Bal. f. f. Bal. Bal. g. g. Bal. Bal. h. h. Bal. Bal. i. i. Bal. Bal. j. j. Bal. Bal. Solution