the missing amount in the accounting equation for each business. Assets Liabilities Owner's Equity orner Grocery $? $ 128,000 $ 72,000 eighbourhood Pharmacy 200,000 ? 142,000 auphin Gift and Cards 145,000 115,000 ?
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A: The objective of this question is to identify the key component of the definition of accounting.
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- Analyze Target The following data (in millions) are taken from the financial statements of Target Corporation (TGT), the owner of Target stores: a. For Target, determine the amount of change in millions and the percent of change rounded to one decimal place from Year 1 to Year 2 for: 1. Revenue 2. Operating expenses 3. Operating income b. What conclusions can you draw from your analysis of the revenue and total operating expenses?Discuss how each of the following transactions will affect assets, liabilities, and stockholders equity, and prove the companys accounts will still be in balance. A. A company purchased $450 worth of office supplies on credit. B. The company parking lot was plowed after a blizzard. A check for $75 was given to the plow truck operator. C. $250 was paid on account. D. A customer paid $350 on account. E. Provided services for a customer, $500. The customer asked to be billed.Determine the following amounts: a. The amount of the liabilities of a business that has 60,800 in assets and in which the owner has 34,500 equity. b. The equity of the owner of a tour bus that cost 57,000 and on which is owed 21,800 on an installment loan payable to the bank. c. The amount of the assets of a business that has 11,780 in liabilities and in which the owner has 28,500 equity.
- A business has the following transactions: A. The business is started by receiving cash from an investor in exchange for common stock $10,000. B. Rent of $1,250 is paid for the first month. C. Office supplies are purchased for $375. D. Services worth $3,450 are performed. Cash is received for half. E. Customers pay $1,250 for services to be performed next month. F. $6,000 is paid for a one year insurance policy. G. We receive 25% of the money owed by customers in D. H. A customer has placed an order for $475 of services to be done this coming week. How much total revenue does the company have?The accounting equation for Goodboy's enterprises is as follows: Assets Liabilities Owner's Equity $120,000 = $60,000 + $60,000, If Goodboy's purchases office equipment on account for $12,000, the accounting equation will change to? Show Solution.Show the effect of the following transactions in the accounting equation. For example: No. Account DR Account CR A = OE + L 1. Furniture Capital + 20 000 + 20 000 0 The owner deposited R 60 000 into business current account as his contribution. Sold goods on credit to F Malila for R 7000 (Cost price R4 500). Business obtained a loan of R30 000 from FCB Bank, the money was transferred to the business current account. Bought stationery on credit, R300. Owner withdrew R400 for personal use.
- The accounting equation for Cineo Enterprises is as follows: Assets Liabilities Owner’s Equity $120,000 = $60,000 + $60,000 If Cineo purchases office equipment on account for $15,000, the accounting equation will change to Select one: a. $135,000 = $60,000 + $75,000 b. $135,000 = $67,500 + $67,500 c. $120,000 = $60,000 + $60,000 d. $135,000 = $75,000 + $60,000Evaluate each of the following transactions in terms of their effect on assets, liabilities, and equity. 1. Buy $15,000 worth of manufacturing supplies on credit2. Issue $85,000 in stock3. Borrow $63,000 from a bank4. Pay $5,000 owed to a supplier What is the net change in Total Liabilities? Please don't provide answer in image format thank youComplete the gaps in the columns to show the effects of the followingtransactions: (16)Effects upon:Assets Equity Liabilitiese.g Started a business with N$ 50000 in thebank+50000 +50000 +0a) We pay a creditor N$7000 in cashb) Bought fixtures N$20000 paying by chequec) Bought a vehicle on credit N$27500d) The Proprietor introduces another N$20000into the firme) J Katoma lends the firm N$20000 in cashf) A debtor pays us N$ 5000 by chequeg) We sell goods for N$ 20000 cashh) Paid rent N$5000 by cheque
- The business collects an OR5,000 account receivable from its customer. How is the accounting equation affected? Select one: O a. Assets increase OR 5,000; owner's equity increases OR 5,000. O b. Assets increase OR 5,000; liabilities decrease OR 5,000. c. Assets increase OR5,000; liabilities increase OR 5,000. O d. One asset increases by OR5,000; another asset decreases OR $5,000.I have 3 columns-Assets, Liabilities, and Equity.I need to know what the following transactions go to each account and if it is DR or CR (The Company is Copymaster Corp)1) Shareholders invested$5,000 cash to begin business2) Copymaster bought copying machine for $1.5003) Copymaster sold copies to customers for $500 each4) Copymaster p[roduced copies of Fellows Corp, its customer. The total sale amount was $1,200. Copymaster agreed to bill Fellows for the sale at the end of the month (Additional question on this one: How does billing at the end of the month affect the Asset or Liability accounts if at all)5) Copymaster paid employees $6006) Copymaster bought supplies for $3007) Colpy master paid rent $7008) Copy Master paid utilites for $5009) Copymaster bought office furniture for $50010) Copymaster had an unpaid phone bill at end of month for $100Evaluate each of the following transactions in terms of their effect on assets, liabilities, and equity. 1. Receive payment of $12,000 owed by a customer2. Purchase equipment for $45,000 in cash3. Issue $85,000 in stock4. Borrow $67,000 from a bank What is the net change in Total Liabilities & Equity? Please don't provide answer in image format thank you