Fill in the missing amounts in the balance sheet after the following transactions.

You start with $3,500 in cash and in owner's equity.

a. You sell product purchased for $750 for $1,525.00

b. You purchase equipment for $500.

c. You pay the rent by check for $450.

d. You receive next month's power bill for $155.00

Assets Liabilities and Owner's Equity
Cash $
Accounts Payable $
Equipment $ 500.00 Owner's Equity: Investment $
Total Assets $
Total Liabilities and Owner's Equity $

Answers

Answer 1

Answer:

Cash- $3,325.00

Total Assets- $3,825.00

Accounts payable- $155.00

Owners Equity- $3,670.00

Total- $3,825.00

Answer 2

The accounting equation as per accounting principle is that Assets balance on any date is equal to balance of liabilities and owner's equity. So the cash balance on period end date is $3325.00

What is an accounting equation?

The entire assets of a corporation are equal to the sum of its liabilities and shareholders' equity, according to the accounting equation. The basic idea behind the double-entry accounting system is that assets, liabilities, and equity have a clear relationship with one another.

a) So the balance of cash =  $3,500 - $750 + $1,525.00 - $500 - $450 -  = $3325.

b) Balance of Accounts Payable =  $155.00 = Outstanding power bill.

c) Equipment $ 500.00.

d) Investment = $0.00

E)  Total Assets  = $ 3825 =  cash + Equipment +

F) Total Liabilities = $3825 = Owner's Equity + Accounts Payable

G) Owner's Equity = $3,670.00 = $3,500 + $775 - $155 - $450

Therefore the amount of cash and owners' equity of balance sheet can be solved by the use of accounting equation.

Learn more about accounting equation:

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Related Questions

What is the root of the polynomial equation *(x-2)(x+3) - 18? Use a graphing calculator and a system of
equations.
O-3
ОО
O2
O 3

Answers

Answer:

Start by using your first factor, 1. Substitute "1" for each "x" in the equation: (1)3 - 4(1)2 - 7(1) + 10 = 0.

This gives you: 1 - 4 - 7 + 10 = 0.

Because 0 = 0 is a true statement, you know that x = 1 is a solution.

Step-by-step explanation:

Start by using your first factor, 1. Substitute "1" for each "x" in the equation: (1)3 - 4(1)2 - 7(1) + 10 = 0.

This gives you: 1 - 4 - 7 + 10 = 0.

Because 0 = 0 is a true statement, you know that x = 1 is a solution.

What is the area of this trapezoid

Answers

Answer:

its 30

Step-by-step explanation:

can you please mark me as brainliest

5th grade math. Decimals. Correct answer will be marked brainliest.

Answers

Answer:

4.71 +3.80 =8.51

Step-by-step explanation:

Answer:

8.51

Step-by-step explanation:

4.71

+ 3.80

------------

8.51

~Ren

Write the equation of the line that passes through the points (9,8) and (6,3). Put
your answer in fully reduced point-slope form, unless it is a vertical or horizontal line.

Answers

Answer:

y - 3 = 5/3(x - 6)

General Formulas and Concepts:

Algebra I

Slope Formula: [tex]m=\frac{y_2-y_1}{x_2-x_1}[/tex]

Point-Slope Form: y - y₁ = m(x - x₁)  

x₁ - x coordinate y₁ - y coordinate m - slope

Step-by-step explanation:

Step 1: Define

Point (9, 8)

Point (6, 3)

Step 2: Find slope m

Substitute:                    [tex]m=\frac{3-8}{6-9}[/tex]Subtract:                       [tex]m=\frac{-5}{-3}[/tex]Simplify:                        [tex]m=\frac{5}{3}[/tex]

Step 3: Write function

Slope m = 5/3

Point (6, 3)

Substitute:                    y - 3 = 5/3(x - 6)

How do you use long devision for -7/8? Plz help

Answers

Answer:

-0.875

Step-by-step explanation:

There are 6 red marbles, 5 green marbles, and 4 yellow marbles in a bag. If Joe picks 2 marbles one after the other without replacement, then what is the probability that both are red?

Answers

Answer:

2 out of 6

Step-by-step explanation:

if this is wrong try 2 out of 15

Which table correctly converts inches to feet​

Answers

Answer:

the third table

Step-by-step explanation:

Hope this helps and plz mark as brainliest!

Mrs. Rodrigues was seling two kinds of raffle tickets for $1.50 and $3.50. The number of 1.50 tickets sold was 5 more than three times the number of $3.50 tickets sold. She earned of $1,607.50. How many $1.50 tickets did he male?

Answers

Step-by-step explanation:

पति ऑफिस से घर आया... और खाना खाने बैठा

खाते-खाते उसने अपनी पत्नी से कहा कि

"खाना ठीक नहीं है, कोई टेस्ट नहीं आ रहा है।"

पत्नी चुपचाप उठी, और उसने कॉरपोरेशन मेंं कॉल किया और एम्बुलेंस को बुला ली

और कहा..

"इन्हे टेस्ट नहीं आ रहा है.."

एम्बुलेंस पति को ले गयी और उसे क्वॉरंटाइन कर दिया

अस्पताल में पत्नी ने पति को फोन किया और पूछा: अब आया स्वाद??

यहाँ तक की कहानी सबने सुनी होगी। अब देखिये कहानी में नया मोड़:

⬇️

.

.

.

.

.

.

.

.

उधर पति को पूछा गया कि

"आपके संपर्क में कौन-कौन आया था ?"

पति ने बड़ी ही शांति से कहा..

- मेरी पत्नी

- मेरा ससुर

- मेरी सास

- मेरा साला

- मेरी साली

बस अब ये सब भी अस्पताल के बिस्तर पर बैठे-बैठे पति को घूर रहे हैं!

Moral of the story is

बेजुबान को ज्यादा सताना भी ठीक

Answer:

605 tickets were sold.

Step-by-step explanation:

I took the test.

Solve for y ..............

Answers

Answer:

Im not gonna explain i will give you the answer that i came up with I currently have 60 right now hope this is right

Step-by-step explanation:

6 + 18r = 20r - 18 - 4r

Answers

Answer:

r = -12

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

Brackets Parenthesis Exponents Multiplication Division Addition Subtraction Left to Right

Equality Properties

Step-by-step explanation:

Step 1: Define

6 + 18r = 20r - 18 - 4r

Step 2: Solve for r

Combine like terms:                    18r + 6 = 16r - 18Subtract 16r on both sides:         2r + 6 = -18Isolate r term:                               2r = -24Isolate r:                                        r = -12
6+18r=20r-18-4r
6+18r=18r-18
-6. -6
18r=18r-24
-18r. -18r
R=-24

PLEASE PLEASE PLEASE HELP ASAP
solve using the elimination process and SHOW ALL STEPS
5x+4y=2
3x+3y=-3

IM LITERALLY BEGGING FORN HELP RN

Answers

Answer:

x = 6, y = -7 or (6, -7)

Step-by-step explanation:

Given system of equations

5x+4y=2 3x+3y=-3

Solving as follows:

Simplify the second equation by dividing all terms by 3

3x+3y=-3    divide by 3⇒ x + y = -1

Now, considering the coefficient of x of 5 in the first equation, we will multiply the simplified second equation by 5 and subtract from the first equation:

x + y = -1 multiply by 5⇒5x + 5y = -5

Subtract it from 5x + 4y = 2

5x + 4y - 5x - 5y = 2 - (-5)-y = 7y = -7

Finding x using simplified second equation:

x + (-7) = -1x = - 1 + 7x = 6

Answer is (6, -7)

A realtor is paid $24 per hour and $20 for each sale she makes. She wants to earn $2,000 in a 10-hour work period. Write an equation that represents the number of sales, x, the saleswoman must make in a 10-hour period to earn $2,000. How many sales must she earn to reach her goal?

Answers

Answer:

2000 = 24x + 20y (x represents hours and y represents money per sale)

she must make 88 sales

Step-by-step explanation:

2000 = 24(10) + 20y

2000 = 240 + 20y

-240  = -240

1760 = 20y

/20   = /20

88 = y

hey there, random person? Mind to answer?

Answers

your answer is 512 feet squared.

Umm I don’t remember this please help. I will give correct answer brainliest

Answers

Answer:

Option D

Step-by-step explanation:

[tex]F=\frac{9}{5}C+32\\\\F-32=\frac{9}{5}C \\\\5(F-32)=9C\\\\\frac{5(F-32)}{9}=C \\\\C=\frac{5}{9}( {F-32})[/tex]

For F=77°F

[tex]C=\frac{5}{9}(F-32) \\\\C=\frac{5}{9}(77-32)\\\\C=\frac{5}{9}(45)\\\\C=\frac{225}{9} \\\\C=25[/tex]

Write the equation for the Graph in Vertex form ( `y=a\left(x-h\right)^{2}`+ k) below by first determining the values of h and k.
List all of the equations, numbers, and units that they gave us? Helppppppp answer this.

Answers

Answer:

I this all for the question

Which fraction has a value that’s equal to7/8? A.49/64
B.56/8. D.15/8
C.22/24

Answers

Answer:

a 49/64

Step-by-step explanation:

7/8 multiply 7 ×7 = 49 then 8×8 is 64 so yeah a

Answee a 49/64 is the best answer

help help u will get 11 points !

Answers

Answer:

30

Step-by-step explanation:    

all triangles =180

because 180 -120 =60whch is the missing inside angle

and we know that this is a right angle

so we subtact what we know to find what we dont

180-(60+90)=30

     (150)

180-150=30

Answer:

30

Step-by-step explanation:

Question 9
10 pts
Identify whether the equation has no solution, infinite solution or one solution
2x +3 = 2x + 3

Answers

infinite solutions. 2x + 3 = 2x + 3 can be solved out to get 0 = 0, which is true no matter what the x value is. that means that there are infinite solutions.

The first two terms in an arithmetic progression are -2 and 5. The last term in the progression is the only number in the progression that is greater than 200. Find the sum of all the terms in the progression.

Answers

Given:

The first two terms in an arithmetic progression are -2 and 5.

The last term in the progression is the only number in the progression that is greater than 200.

To find:

The sum of all the terms in the progression.

Solution:

We have,

First term : [tex]a=-2[/tex]

Common difference : [tex]d = 5 - (-2)[/tex]

                                      [tex]= 5 + 2[/tex]

                                      [tex]= 7[/tex]

nth term of an A.P. is

[tex]a_n=a+(n-1)d[/tex]

where, a is first term and d is common difference.

[tex]a_n=-2+(n-1)(7)[/tex]

According to the equation, [tex]a_n>200[/tex].

[tex]-2+(n-1)(7)>200[/tex]

[tex](n-1)(7)>200+2[/tex]

[tex](n-1)(7)>202[/tex]

Divide both sides by 7.

[tex](n-1)>28.857[/tex]

Add 1 on both sides.

[tex]n>29.857[/tex]

So, least possible integer value is 30. It means, A.P. has 30 term.

Sum of n terms of an A.P. is

[tex]S_n=\dfrac{n}{2}[2a+(n-1)d][/tex]

Substituting n=30, a=-2 and d=7, we get

[tex]S_{30}=\dfrac{30}{2}[2(-2)+(30-1)7][/tex]

[tex]S_{30}=15[-4+(29)7][/tex]

[tex]S_{30}=15[-4+203][/tex]

[tex]S_{30}=15(199)[/tex]

[tex]S_{30}=2985[/tex]

Therefore, the sum of all the terms in the progression is 2985.

I need a helping hand

Answers

Answer:it’s the third one

Step-by-step explanation:

Answer:

ur pic is not clear.........

Which of the following congruence statements must be true based on the diagram shown?

Multiple Choice: (Select Two Correct Answers)
A. ∠V≅∠U
B. ∠T≅∠W
C. ∠S≅∠X
D. TU¯¯¯¯¯¯¯≅XW¯¯¯¯¯¯¯¯¯¯
E. ST¯¯¯¯¯¯¯≅VX¯¯¯¯¯¯¯¯

Answers

I’m pretty sure D and E

Renee spent $15.50 on Amazon today and Alex spent $9.69. How much more did Renee spend than Adam

Answers

Answer:

$5.81

Step-by-step explanation:

15.50-9.69=5.81

Answer:

$5.81

Step-by-step explanation:

Subtract. Hope this helped you!! Do you have a calculator

Solve: 6/9-(8/72)??????????????

Answers

Answer:

0.55555556

Step-by-step explanation: i searched it up!

Answer

7/9

Step-by-step explanation:

What is 12p+3q−5−5q−8p written in simplest form?

Answers

The answer is C, 4p-2q-5

Answer:

C.

Step-by-step explanation:

A pie crust recipe calls for two cups of butter for each three cups of flour. Elliiette is making enough crusts to use up eight cups of flour how many cups of butter wills she meed

Answers

Answer:

12 cups

Step-by-step explanation:

There are 62 girls in the seventh grade and 58 boys in the eighth grade. Each grade
has 120 students. Which statement correctly compares the
ratios of boys to girls in each grade?

Answers

Answer:

1:1

Step-by-step explanation:

since there are120 girls and120 boys

120:120

1:1

29:34
Boys:Girls
GCF of each number gives u this


please anyone??????????

Answers

Answer:

D: 85 degrees

Step-by-step explanation:

Four-sided shape degrees add up to 360

85 + 100 + 90 = 275

360 - 275 = 85

I hope this helped and if it did I would appreciate it if you marked me Brainliest. Thank you and have a nice day!

Answer:

answer 85

Step-by-step explanation:

85+100+90=275  

360-275 = 85

plus did the question before hope it helps

(Help needed I don’t understand due soon) Larry is evaluating the best way to invest $5000 how much more money to the nearest dollar will he earn on his investment and 1% compound interest for 10 years then at 1% simple interest for 10 years?
A) $23
B) $500
C) $523
D) $51

Answers

Answer:

23

Step-by-step explanation:

I=5000x1

Which expression represents the phrase, "five more than the quotient of a number and 16?"
A 16-n + 5
C. 5+ n - 16
B. 16n + 5
D. n/16 +5

Answers

B i thinkkkkk..........

Esther is doing some onlne
shopping. She has to spend a
momum of $125 to get free
shipping. If she adds a $30
water bottle
to her cert,
how many $5 stickers will she
have to order to meet the
free shoong
recurement?

Answers

Answer:

Needs to order 19 stickers

Step-by-step explanation:

5x+30=125

5x=95

x=19

x=stickers

Your answer for that question is 19
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