A tabular analysis of the transactions made during September 2022 by Huskies Together Company during...
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Accounting
A tabular analysis of the transactions made during September 2022 by Huskies Together Company during its first month of operations is shown as follows. Each increase and decrease in stockholders equity is explained.
Show all your work for partial credits in your uploaded file.
Part I: Describe each transaction.
Part II: Determine how much stockholders equity changed for the month.
Part III: Compute the net income for the month.
Assets =
Liabilities
+
Stockholders Equity
Cash
+
Accounts Receivable
+
Supplies
+
Equipment
=
Accounts Payable
+
Common Stock
+
Retained Earnings
Revenues
Expenses
Dividend
1.
$30,000
$30,000
2.
2,000
6,000
4,000
3.
600
600
4.
2,500
2,500
5.
4,100
5,400
9,500
Service Revenue.
6.
-700
-700
Rent Expense
7.
2,600
2,600
8.
3,000
3,000
Salary Expense
9.
250
250
10.
400
400
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