Eilish Company had the following account balances. Accounts Payable $630 Accounts Receivable $ 1,700 Cash $...
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Eilish Company had the following account balances. Accounts Payable $630 Accounts Receivable $ 1,700 Cash $ 3,855 Common Stock $ 1,806 Deferred Revenue $ 1,469 Eilish was missing the account balance for retained earnings. What is Eilish's total stockholders' equity? QUESTION 2 The following transactions are July activities of Emma's Tik Tok Service, which creates videos. . Emma's collected $4,541 from customers for services related to videos created in July. . Emma's billed a customer for $732 for a video made on the last day of July. The bill is to be paid in August. • On July 1, a customer gave Emma's advance payments totaling $1,220 for the four months of work to be done equally staring in July ● Emma's received $815 from credit sales made to customers last month (in June). What is the revenue Emma will recognize in July? Eilish Company had the following account balances. Accounts Payable $630 Accounts Receivable $ 1,700 Cash $ 3,855 Common Stock $ 1,806 Deferred Revenue $ 1,469 Eilish was missing the account balance for retained earnings. What is Eilish's total stockholders' equity? QUESTION 2 The following transactions are July activities of Emma's Tik Tok Service, which creates videos. . Emma's collected $4,541 from customers for services related to videos created in July. . Emma's billed a customer for $732 for a video made on the last day of July. The bill is to be paid in August. • On July 1, a customer gave Emma's advance payments totaling $1,220 for the four months of work to be done equally staring in July ● Emma's received $815 from credit sales made to customers last month (in June). What is the revenue Emma will recognize in July?
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Question 1 Calculation of Total Shareholders Equity Stockholders Equity Common Stock 1806 Retained E... View the full answer
Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1337788281
3rd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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