Question

Hello can anyone here help with accounting homework?

Answer 1

what type of accounting? compound interest

Answer 2

just introduction accounting...accounting 100

Answer 3

sure, whats your question?

Answer 4

I actually have a few questions..I have a few multiple choice and a few fill ins...I didnt no if u wanted me to email it to u or just send it on here

Answer 5

are you there sir?

Answer 6

yes. sorry for the pause. can you just post it on here?

Answer 7

ok i will try

Answer 8

here is one

Answer 9

Please let me know if you are still able to help me mister rubin

Answer 10

$10000-$4700=$5300. so the total the resulting accounting equation would look like this: 10000-300-300-200-4000+300-200. when you total this you get 5300 dollars. i hope this helps

Answer 11

LOL I am so LOST!

Answer 12

what you do is add all the expenses and payments to the initial amount in the account. he starts with 10000 in his account and then takes out money over time. he does pay back 300 at one point. you then add/subtract to get the final amount. in this case he has extra money in his account.

Answer 13

Owner deposited $10,000 in his new business checking account -> increase Cash
Supplies were purchased for $300 on account.-> Increase Payable and increase Supplies
Paid a $300 premium for one year of liability insurance.-> Subtract from Cash and increase Prep. Insurance
Purchased supplies for $200 cash. -> Subtract Cash and increase Supplies
Purchased equipment for $4,000 by paying $1,000; the rest to be paid in six months.-> Long one: subtract Cash 1,000 and increase Equipment by 4,000 and increase Payable by 4,000
Paid the $300 bill outstanding (from transaction b) -> subtract Cash and subtract Payable
Owner withdrew $200 from the business for personal use.-> Subtract Cash and increase Drawing

In the end Assets must equal Liability + Equity