Homework SourseWI18ACCT110VO1 Financial Accounting Home My courses W118
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)
Solution
Ex 1-6
(A) X=$ 550000+$ 1345000
X=$ 1895000
(B) $ 776500=X+$ 588800
X=$ 776500- $588800
X= $ 187700
(C) $ 14750000= $ 4455000 +X
X= $ 14750000 -$ 4455000
X= $ 10295000
EX1-8
EX 1-9
Ex 1-11
| Assests= Liabilities + Shareholder Equity |
| (A) X=$ 550000+$ 1345000 X=$ 1895000 |
| (B) $ 776500=X+$ 588800 X=$ 776500- $588800 X= $ 187700 |
| (C) $ 14750000= $ 4455000 +X X= $ 14750000 -$ 4455000 X= $ 10295000 |
