WI18ACCT110VO1 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

ANSWER1

YES, THE CHEIF EXECUTIVE OFFICER must disclose the facts about the report to the representtives of yellowstone country representatives about the comapnies product relaeasing toxic products in the environment because as the company will shift to yellowstone country the company will have to comply with the environmental laws of that country and the level of pollution that could cause harm to the atmosphere of that country. Nowdays even the companies have the obligation as per corporate social responsibility to make disclosure that could effect the environment.

2ANSWER

TRANSACTION 2,8 will be recorded by LAKE BOUTIQUE

TRANSACTION 3,5,6,10 will be recorded by OZARK SPORTS

TRANSACTION 4,will be recorded by MISSOUI STATE BANK

TRANSACTION 1,7,9 will be recorded by NONE OF ABOVE

ANSWER3

Calculation of stockholders equity = assets - liabilities

Keurig = $4797 - $1338 = $3459

Starbucks = $10753 - $ 5481 = $5272

ANSWER4

Calculation of stockholders equity

Equity = Assets - liabilities

Dollar Tree = $2772 - $1601 = $1171

Target = $44553 - $28322 = $16231