Question: I need help with # 19, 20, 21, and 22 please help and i will upvote!! ISCIVOLIIS TURI LUSCI. Your first month's transactions are listed




ISCIVOLIIS TURI LUSCI. Your first month's transactions are listed below. April 1 You set up a bank account and acquire a business credit card The bank will charge you a fee of $12 at the end of each month April 2 You borrow $1,600 from the bank April 3 You deposit $5,000 of your own money into the business bank account April 4 Your parents lend you an additional $5,000. They will not charge you interest, but want to be paid back within three years. You register your business name for $60 with Service Ontario, using the business credit card April 6 You purchase, using your business credit card, supplies (e varnish, shellac) for $500 plus HST April 7 You purchase, using your business credit card, $4,100 worth of power tools from Home Depot. HST is already included You buy a two-year liability insurance policy for $2,400, plus 8% tax April 8 in caeh April 5 3C Mostly doudy ING 2022-01 April 8 You buy a two-year liability insurance policy for $2.400 plus 8% tax, paying cash April 10 You purchase for $300 cash, plus HST 600 flyers to advertise your business. You haven't used any yet April 11 You pay a student $80 cash to distribute 400 of your flyers April 12 You fixed one chair for a customer for free, to see if he liked it and would hire you for the rest of the set. You would normally have charged him $100 Two more customers hire you to restore their dining room sets. You will charge April 15 them each $3,000 when you finish the job. They EACH give you a $1.000 cash deposit April 27 Business is booming! You have so far collected $2.200 cash for services to happy homeowners April 28 You now have only $250 worth of supplies left You spent $156 from your personal funds in car expenses this month April 29 Two-thirds of this was business travel. The business pays from the bank account April 30 You received your cell phone bill for the month of the $88, half were business calls. The business will reimburse you next month to happy homeowners April 28 You now have only $250 worth of supplies left April 29 You spent $156 from your personal funds in car expenses this month Two-thirds of this was business travel. The business pays from the bank account. April 30 You received your cell phone bill for the month of the $88, half were business calls. The business will reimburse you next month. April 30 One month of your insurance policy has expired. April 30 April 30 The bank takes its monthly charge from the business bank account, plus an additional $6 for interest on your loan You deliver the furniture to one of the April 15 customers He will pay you his balance next week. IGNORE the effect on inventory! You pay two-thirds of the balance owing on the business credit card. April 30 You will pay the rest next month. Record the transactions into the expanded accounting equation using account names. Use that information to answer all of the following questions, a) decrease both Cash and Accounts Payable, $3,194 b) decrease both Cash and Accounts Payable, $4,769 c) decrease both Cash and Accounts Payable, $4.725 d) decrease both Cash and Accounts Payable, $3,150 e) decrease both Cash and Accounts Payable, $1,575 Saved Question 20 (2 points) Question 20 (2 points) Saved What are FFU's total liabilities at the end of April? 14256 Question 21 (2 points) Saved What is FFU's total service revenue for April? 5200 Question 22 (2 points) Saved How much will FFU's Prepaid Insurance balance be at the December 31 year-end? 216 IM ISCIVOLIIS TURI LUSCI. Your first month's transactions are listed below. April 1 You set up a bank account and acquire a business credit card The bank will charge you a fee of $12 at the end of each month April 2 You borrow $1,600 from the bank April 3 You deposit $5,000 of your own money into the business bank account April 4 Your parents lend you an additional $5,000. They will not charge you interest, but want to be paid back within three years. You register your business name for $60 with Service Ontario, using the business credit card April 6 You purchase, using your business credit card, supplies (e varnish, shellac) for $500 plus HST April 7 You purchase, using your business credit card, $4,100 worth of power tools from Home Depot. HST is already included You buy a two-year liability insurance policy for $2,400, plus 8% tax April 8 in caeh April 5 3C Mostly doudy ING 2022-01 April 8 You buy a two-year liability insurance policy for $2.400 plus 8% tax, paying cash April 10 You purchase for $300 cash, plus HST 600 flyers to advertise your business. You haven't used any yet April 11 You pay a student $80 cash to distribute 400 of your flyers April 12 You fixed one chair for a customer for free, to see if he liked it and would hire you for the rest of the set. You would normally have charged him $100 Two more customers hire you to restore their dining room sets. You will charge April 15 them each $3,000 when you finish the job. They EACH give you a $1.000 cash deposit April 27 Business is booming! You have so far collected $2.200 cash for services to happy homeowners April 28 You now have only $250 worth of supplies left You spent $156 from your personal funds in car expenses this month April 29 Two-thirds of this was business travel. The business pays from the bank account April 30 You received your cell phone bill for the month of the $88, half were business calls. The business will reimburse you next month to happy homeowners April 28 You now have only $250 worth of supplies left April 29 You spent $156 from your personal funds in car expenses this month Two-thirds of this was business travel. The business pays from the bank account. April 30 You received your cell phone bill for the month of the $88, half were business calls. The business will reimburse you next month. April 30 One month of your insurance policy has expired. April 30 April 30 The bank takes its monthly charge from the business bank account, plus an additional $6 for interest on your loan You deliver the furniture to one of the April 15 customers He will pay you his balance next week. IGNORE the effect on inventory! You pay two-thirds of the balance owing on the business credit card. April 30 You will pay the rest next month. Record the transactions into the expanded accounting equation using account names. Use that information to answer all of the following questions, a) decrease both Cash and Accounts Payable, $3,194 b) decrease both Cash and Accounts Payable, $4,769 c) decrease both Cash and Accounts Payable, $4.725 d) decrease both Cash and Accounts Payable, $3,150 e) decrease both Cash and Accounts Payable, $1,575 Saved Question 20 (2 points) Question 20 (2 points) Saved What are FFU's total liabilities at the end of April? 14256 Question 21 (2 points) Saved What is FFU's total service revenue for April? 5200 Question 22 (2 points) Saved How much will FFU's Prepaid Insurance balance be at the December 31 year-end? 216 IM
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