Check my work The following table shows the transactions experienced by JG Gutter Works (JGGW), during Year 7, Assume all transactions shown in the accounting equation are cash transactions. Required a. Calculate the missing amounts in the following table. (Enter any decreases to account balancés with a minus sign.) b. Is there sufficient cash available to repay the debt on January 1, Year 8. C. Based on the information in the Required a, what is the maximum cash dividend JGGW could pay on January 1, Year 8? Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the missing amounts in the following table. (Enter any decreases to account balances with a minus sign.) es Assets Liabilities Stockholders' Equity Notes Com. Retained Аcct. Cash Land Payable Stock Earnings Title/RE Beg. Bal. 90,000 = 25,000 Event No. 1 NA = NA + 68,000 + NA NA + 2. NA NA + NA + Revenue NA + NAI+ (57,000) Еxpenses 3. (57,000) + NA (14,000) + NAE NA + NA+ Dividend 4. NA + NA NA NA + 5. (50,000) + NA = (10,000) + NA + NA NA 6. (10,000) + 77,000 + 40,000 + 123,000 + Totals Renuired A Required B > Next> ... < Prev 8 of 8 B..
Check my work The following table shows the transactions experienced by JG Gutter Works (JGGW), during Year 7, Assume all transactions shown in the accounting equation are cash transactions. Required a. Calculate the missing amounts in the following table. (Enter any decreases to account balancés with a minus sign.) b. Is there sufficient cash available to repay the debt on January 1, Year 8. C. Based on the information in the Required a, what is the maximum cash dividend JGGW could pay on January 1, Year 8? Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the missing amounts in the following table. (Enter any decreases to account balances with a minus sign.) es Assets Liabilities Stockholders' Equity Notes Com. Retained Аcct. Cash Land Payable Stock Earnings Title/RE Beg. Bal. 90,000 = 25,000 Event No. 1 NA = NA + 68,000 + NA NA + 2. NA NA + NA + Revenue NA + NAI+ (57,000) Еxpenses 3. (57,000) + NA (14,000) + NAE NA + NA+ Dividend 4. NA + NA NA NA + 5. (50,000) + NA = (10,000) + NA + NA NA 6. (10,000) + 77,000 + 40,000 + 123,000 + Totals Renuired A Required B > Next> ... < Prev 8 of 8 B..
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter22: End-of-fiscal-period Work For A Corporation
Section: Chapter Questions
Problem 3AP
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