Solved

Sara Bloom Has Prepared the Following Analysis of September Transactions

Question 226

Essay

Sara Bloom has prepared the following analysis of September transactions for her business,Blooming Florist.Unfortunately,she has lost some information.Determine the missing amounts (a)through (c)below.
 Date  Cash  Accounts  Receivable  Accounts  Payable  Notes  Payable  Common  Stock  Retained  Earnings  Balances 30,00030,100 (a) 8,50010,00030,0009/510,0000 (b) 009/103,5000000 (c) \begin{array}{|l|r|r|r|r|r|r}\hline \text { Date } & \text { Cash } & \begin{array}{c}\text { Accounts } \\\text { Receivable }\end{array} & \begin{array}{c}\text { Accounts } \\\text { Payable }\end{array} & \begin{array}{c}\text { Notes } \\\text { Payable }\end{array} & \begin{array}{c}\text { Common } \\\text { Stock }\end{array} & \begin{array}{l}\text { Retained } \\\text { Earnings }\end{array} \\\hline \text { Balances } & 30,000 & 30,100 & \text { (a) } & 8,500 & 10,000 & 30,000 \\\hline 9 / 5 & -10,000 & 0 & \text { (b) } & 0 & 0 & \\\hline 9 / 10 & -3,500 & 0 & 0 & 0 & 0 & \text { (c) }\\\hline \end{array}

Correct Answer:

verifed

Verified

None...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents