The following table shows the effects of transactions 1 through 5 on the assets, liabilities, and equity of Mulan's Boutique. Match each transaction with its probable description. Assets Liabilities Equity Accounts Accounts Common Cash Receivable + Supplies $ 3, 200 + + Land Payable $ 0 Stock Revenues $ 23,000 $ 0 $ 20,000 $ 46, 200 $ 0 1. -4, 200 4,200 2. 1,020 +1,020 3. 2,000 4. 2, 000 -1,020 +2,000 -1,020 5. 2,000 $ 19,780 $ 4, 220 $ 24, 200 $ 0 $ 46, 200 $ 2,000 Transaction Description 1. 2. 3. 4. 5.

The following table shows the effects of transactions 1 through 5 on the assets, liabilities, and equity of Mulan's Boutique. Match each transaction with its probable description. Assets Liabilities Equity Accounts Accounts Common Cash Receivable + Supplies $ 3, 200 + + Land Payable $ 0 Stock Revenues $ 23,000 $ 0 $ 20,000 $ 46, 200 $ 0 1. -4, 200 4,200 2. 1,020 +1,020 3. 2,000 4. 2, 000 -1,020 +2,000 -1,020 5. 2,000 $ 19,780 $ 4, 220 $ 24, 200 $ 0 $ 46, 200 $ 2,000 Transaction Description 1. 2. 3. 4. 5.

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter13: Financial Statement Analysis

Section: Chapter Questions

Problem 13.1P

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CengageNOWv2 | Online teachin X * CengageNOWv2 | Online teachin x+ v.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator=&inp Return on Total Assets A company reports the following income statement and balance sheet information for the current ye Net income $382,880 Interest expense 67,570 Average total assets 5,850,000 Determine the return on total assets. If required, round the answer to one decimal place. 6.5 X % Feedback Y Check My Work Divide the sum of net income and interest expense by average total assets. Check My Work All work saved. Email Instr
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exercise for finance acc.pdf O File | C:/Users/User/Desktop/FIN%20ACC/exercise%20for%20finance%20acc.pdf D Page view A Read aloud T Add text V Draw E Highlight O Erase of 4 EXERCISES For questions number 1 to 7, given the accounting transaction, indicate whether the asset, liability or owner's equity has increase or decrease or has no effect by circling the appropriate answer. 1 The owner invests personal cash in the business. (Example) Asset Increase Decrease No Effect Liability Increase Decrease No Effect Owner's Equity Increase Decrease No Effect 2 The owner withdraws cash from the business for personal use. Asset Increase Decrease No Effect Liability Increase Decrease No Effect Owner's Equity Increase Decrease No Effect 3 The company receives cash from a bank loan Asset Increase Decrease No Effect 5:29 PM O Type here to search IMI 26/10/2021 ENG
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! Required information Problem 12-6A (Algo) Use ratios to analyze risk and profitability (LO12-3, 12-4) [The following information applies to the questions displayed below.] Income statements and balance sheets data for Virtual Gaming Systems are provided below. Net sales Cost of goods sold Gross profit Expenses: VIRTUAL GAMING SYSTEMS Income Statements For the Years Ended December 31 2025 $3,495,000 2,477,000 1,018,000 Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses Net income 952,000 27,000 16,500 7,700 1,003, 200 14,800 2024 $3,021,000 1,947,000 1,074,000 855,000 25,500 7,700 13,500 46,500 948, 200 125,800