During this month, the following transactions should be recorded by Wayne Enterprises. Please record each transaction...
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During this month, the following transactions should be recorded by Wayne Enterprises. Please record each transaction under the accounting equation, with "+" or "- “ sign. And also calculate the ending balance of assets, liabilities and equity. 1. Batman invested 1,000,000 dollars into Wayne Enterprises. 2.500,000 dollars were used to buy a new weapon. 3. Wayne Enterprise borrowed 1,000,000 dollars from Citi Bank. 4. The interest of the borrowing during this month was 50,000 dollars and would be due next month. 5. Wayne Enterprise purchased some raw materials on credit, with a price of 10,000 dollars. 6. The salaries of employees incurred during this month was 100,000 dollars and would be paid in the next month. 7. Batman withdrew 200,000 dollars for his personal use. 8. Buy providing a service, Wayne Enterprise realized an income of 20,000 dollars but the money will be received in the next month. 9. Rent expense incurred during the month totaled 100,000 dollars and was paid immediately. During this month, the following transactions should be recorded by Wayne Enterprises. Please record each transaction under the accounting equation, with "+" or "- “ sign. And also calculate the ending balance of assets, liabilities and equity. 1. Batman invested 1,000,000 dollars into Wayne Enterprises. 2.500,000 dollars were used to buy a new weapon. 3. Wayne Enterprise borrowed 1,000,000 dollars from Citi Bank. 4. The interest of the borrowing during this month was 50,000 dollars and would be due next month. 5. Wayne Enterprise purchased some raw materials on credit, with a price of 10,000 dollars. 6. The salaries of employees incurred during this month was 100,000 dollars and would be paid in the next month. 7. Batman withdrew 200,000 dollars for his personal use. 8. Buy providing a service, Wayne Enterprise realized an income of 20,000 dollars but the money will be received in the next month. 9. Rent expense incurred during the month totaled 100,000 dollars and was paid immediately.
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Related Book For
Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
Posted Date:
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