Pad 828 PM ezto mheducationcom Hw 9 Questions 34 of 5 The fo

Pad 8:28 PM ezto mheducation.com Hw 9 Questions 3-4 (of 5) The following information applies to the questions displayed below. Randy\'s Restaurant Company (RRC) entered into the folowing ransactions duing a necent year Apri1 Purchased a new food locker for $5,800 by paying $t400 cash and signing a $4 400 note due in Apri 2 Instaled an air-condiioning sysbem in the food locker at a cost of $3.400, purchased on account Aprit 30 Wrote a check for the emount owed on account for the work completed on Apil 2 May A local carpentry company repsired the restaurents ront door for whlch RRC wrote a check for the full SM0 cost June 1 Paid $10.080 cash for the rights to use the name and store concept created by a different has been successiud in the region he Mulet Restaurent name, wh the slogan business customers in the fhont and pertiers in the Required information 0.00 points Required -a Complele the table below, indicaing the account amount, and direction of the effect for the above trarsactions. (Enter any decreases to Assets, Liabilities, or Stockholders Equity with a minus sign) April 01 Api 02 Apil 30 May 01 June 01 ReferenceseBook& Resources Accounting Equation Leaming Objective: 09-02 oost prindiple to Leaming Objective: 09-06 Analye the acquistion use, and Apply the

Solution

Date Assets = Liabilities + Stockholders equity Apr 1 Food locker 5,800 Note payable 4,400 Cash - 1,400 Apr 2 Air conditioning system 3,400 Accounts payable 3,400 Apr 30 Bank - 3,400 Accounts payable - 3,400 May 1 Bank -160 Repair expense - 160 June 1 Cash - 10,080 Brand name 10,080