Segunda Semana Grupal
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Segunda Semana Grupal
University of Phoenix
ACC300/Principles of Accounting
17 de junio de 2010
Segunda Semana Grupal
Required:
1. Complete the spreadsheet that follows, using plus (_) for increases and minus (_) for decreases for each account. The first transaction is used as an example.
Assets _ Liabilities _ Stockholders’ Equity
Notes Notes Contributed Retained
Cash Receivable Equipment Building Payable Capital Earnings
(a) _ 100,000 _ _100,000
2. Did you include event h in the spreadsheet? Why or why not?
3. Based on beginning balances plus the completed spreadsheet, provide the following amounts
(show computations):
a. Total assets at the end of the year.
b. Total liabilities at the end of the year.
c. Total stockholders’ equity at the end of the year.
4. As of December 31, 2006, has the financing for MI’s investment in assets primarily come from
liabilities or stockholders’ equity?
1.
ASSETS = LIABILITIES + STOCKHOLDERS EQUITY
CASH NOTES RECEIVABLES EQUIPMENT BUILDING = NOTES PAYABLE + CONTRIBUTED CAPITAL RETAINED EARNINGS
a +$100,000 = + +$100,000
b +$120,000 = +$120,000 +
c -$200,000 +$200,000 = +
d -$3,000 +$30,000 = +27,000 +
e -$3,000 = -$3,000 +
f -$5,000 +$10,000 = +$5,000 +
g -$2,000 +$2,000 = +$2,000 +
TOTAL $10,000 $2,000 $37,000 $200,000 = $149,000 + $100,000
2. La transacción realizada entre el accionista y su vecino no se incluyo en la hoja de cálculo debido a que la misma se llevo a cabo entre el dueño y una persona que no es parte de la compañía, por lo tanto esta operación no afectaría la empresa.
3. Total Assets Beginning $500,00 + Transactions $249,00 = Final Total $749,000
Total Liabilities Beginning $200,000 + Transactions $149,000 = Final Total $349,000
Total Equity Beginning $300,000 + Transactions $100,000 = Final Total $400,000
4. Para el 31 de diciembre de 2008, la mayor...
University of Phoenix
ACC300/Principles of Accounting
17 de junio de 2010
Segunda Semana Grupal
Required:
1. Complete the spreadsheet that follows, using plus (_) for increases and minus (_) for decreases for each account. The first transaction is used as an example.
Assets _ Liabilities _ Stockholders’ Equity
Notes Notes Contributed Retained
Cash Receivable Equipment Building Payable Capital Earnings
(a) _ 100,000 _ _100,000
2. Did you include event h in the spreadsheet? Why or why not?
3. Based on beginning balances plus the completed spreadsheet, provide the following amounts
(show computations):
a. Total assets at the end of the year.
b. Total liabilities at the end of the year.
c. Total stockholders’ equity at the end of the year.
4. As of December 31, 2006, has the financing for MI’s investment in assets primarily come from
liabilities or stockholders’ equity?
1.
ASSETS = LIABILITIES + STOCKHOLDERS EQUITY
CASH NOTES RECEIVABLES EQUIPMENT BUILDING = NOTES PAYABLE + CONTRIBUTED CAPITAL RETAINED EARNINGS
a +$100,000 = + +$100,000
b +$120,000 = +$120,000 +
c -$200,000 +$200,000 = +
d -$3,000 +$30,000 = +27,000 +
e -$3,000 = -$3,000 +
f -$5,000 +$10,000 = +$5,000 +
g -$2,000 +$2,000 = +$2,000 +
TOTAL $10,000 $2,000 $37,000 $200,000 = $149,000 + $100,000
2. La transacción realizada entre el accionista y su vecino no se incluyo en la hoja de cálculo debido a que la misma se llevo a cabo entre el dueño y una persona que no es parte de la compañía, por lo tanto esta operación no afectaría la empresa.
3. Total Assets Beginning $500,00 + Transactions $249,00 = Final Total $749,000
Total Liabilities Beginning $200,000 + Transactions $149,000 = Final Total $349,000
Total Equity Beginning $300,000 + Transactions $100,000 = Final Total $400,000
4. Para el 31 de diciembre de 2008, la mayor...