Question: note sure what I am missing but the answer is not right? Chapter 3 Homework (Algo) Mandatory Graded 3 Required information PA3-4 (Algo) Analyzing, Journalizing,
note sure what I am missing but the answer is not right?
Chapter 3 Homework (Algo) Mandatory Graded 3 Required information PA3-4 (Algo) Analyzing, Journalizing, and Interpreting Business Activities (LO 3-3, LO 3-5] The following information applies to the questions displayed below Part 13 The following events occurred soon after Pat Hopkins established Ona Cloud Corporation (OCC) as a provider of cloud computing services a. On September 1, Pat contributed $13,000 for 1,300 shares of OCC. b. On September 8, CCC borrowed $27,000 from a bank, promising to repay the bank in two years. c. On September 10, OCC wrote a check for $26,500 to acquire computer equipment. d. On September 15, OCC received $1,350 of supplies purchased on account. e. On September 16, OCC paid $3,000 for September rent. Through September 22, OCC provided its customers $9,300 of services, of which OCC collected $7,400 in cash. g. On September 28, OCC paid $390 for Internet and phone service this month. h. On September 29, OCC paid wages of $4,500 for the month. 1. On September 30, OCC submitted its electricity meter reading online and determined that the total charges for the month will be $650. This amount will be paid on October 14 through a preauthorized online payment PA3-4 (Algo) Part 1 Required: 1. Indicate the accounting equation effects of the September events, using table below. (Enter any decreases to Assets, Liabilities, and Stockholder's Equity with a minus sign.) Axxetx Libiliti Stockholders Equity 13,000 Common Slack b. Cash 27,000 Nas Payable long-m 127,000+ 0. Equipment 26,000 = 1,350 + (28,000) d Supples 1,350 Supplies Expense 6 Cash (3.000) Rent Expense 1,000+ 1. Cash 7,400 L Account Revel M 1850 1,300 [A (8,300+ 300+ Cash 300- Office Exper h Cash 4,500 Salaries and Wages Expense 4,500 + LCash 850 10 points Bock Mc Graw
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