Question: Prepare a tabular analysis of the transactions. Include margin explanations for any changes in revenues or expenses. Revenue is called Service Revenue. (If a transaction
Prepare a tabular analysis of the transactions. Include margin explanations for any changes in revenues or expenses. Revenue is called Service Revenue. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)
| BARBARA REPAIR INC. | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | = | Liabilities | + | Stockholders' Equity | |||||||||||||||
| Retained Earnings | |||||||||||||||||||
| Cash | + | Accounts Receivable | + | Supplies | + | Equipment | = | Accounts Payable | + | Common Stock | + | Revenues | Expenses | Dividends | |||||
| 1. | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | ||||||||||
| 2. | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | ||||||||||
| 3. | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | select an account title DividendsSalaries and Wages ExpenseUtilities ExpenseRent ExpenseAdvertising ExpenseService Revenue | |||||||||
| 4. | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | ||||||||||
| 5. | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | select an account title Utilities ExpenseAdvertising ExpenseRent ExpenseService RevenueDividendsSalaries and Wages Expense | |||||||||
| 6. | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | select an account title Advertising ExpenseRent ExpenseService RevenueDividendsUtilities ExpenseSalaries and Wages Expense | |||||||||
| 7. | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | select an account title Utilities ExpenseSalaries and Wages ExpenseRent ExpenseAdvertising ExpenseDividendsService Revenue | |||||||||
| 8. | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | select an account title Advertising ExpenseDividendsSalaries and Wages ExpenseRent ExpenseService RevenueUtilities Expense | |||||||||
| 9. | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | select an account title DividendsSalaries and Wages ExpenseAdvertising ExpenseUtilities ExpenseService RevenueRent Expense | |||||||||
| 10. | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | select an account title Service RevenueUtilities ExpenseDividendsRent ExpenseAdvertising ExpenseSalaries and Wages Expense | |||||||||
| 11. | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | ||||||||||
| $enter a total amount | $enter a total amount | $enter a total amount | $enter a total amount | $enter a total amount | $enter a total amount | $enter a total amount | $enter a total amount | $enter a total amount | |||||||||||
Barbara Repair Inc. was started on May 1. A summary of May transactions is presented below. 1. 2. 3. 4. 5. 6. Stockholders invested $8,600 cash in the business in exchange for common stock. Purchased equipment for $4,300 cash. Paid $344 cash for May office rent. Paid $258 cash for supplies. Incurred $215 of advertising costs in the Beacon News on account. Performed repair services for customer for $4,042 cash. Paid a $602 cash dividend. Paid part-time employee salaries $860. Paid utility bills $121. Performed repair services worth $946 on account. Collected cash of $102 for services billed in transaction (10). 8. 9. 10. 11
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