I dont need work just answers. Check my work8.The following table shows the transactions experienced by J G Gutter Works (JGGW), during Year 7. Assume all transactions shown inthe accounting equation are cash transactions.Requireda. Calculate the missing amounts in the following table. (Enter any decreases to account balances 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?3.75pointseBookComplete this question by entering your answers in the tabs below.PrintRequired ARequired BRequired C5Calculate the missing amounts in the following table. (Enter any decreases to account balances with a minus sign.)ReferencesAssetsLiabilitiesStockholders' EquityRetainedEarningsAcct.Com.StockNotesCashLandTitle/RE%3DPayable40,000 +90,00050,000 +55,000 +25,000Beg. Bal.NA =NA +68,000 +NANAEvent No. 168,000 +NA =NA +NA +100,000Revenue2.100,000 +NA +NA +(57,000)ExpensesNA =3.(57,000) +NA +NA +14,000DividendNA =(14,000) +(50,000) +(10,000) +77,000 +4.NA +NA +NANA5.50,000 =NANA(10,000) +40,000 +NA +NA =6.123,000 +540,000140,000 =Totals82. Check my workThe following table shows the transactions experienced by J G Gutter Works (JGGW), during Year 7. Assume all transactions shown inthe accounting equation are cash transactions.Requireda. Calculate the missing amounts in the following table. (Enter any decreases to account balances 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?okComplete this question by entering your answers in the tabs below.ntRequired ARequired BRequired CBased on the information in the Required a, what is the maximum cash dividend JGGW could pay on January 1, Year 8?encesE Maximum cash dividend payable< Required BRequired C-

Retained Earnings at the closing is $54,000. Cash Available at the end of the period is $77,000.…

The following table shows the transactions experienced by J G 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 balances 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.) Assets Liabilities Stockholders' Equity Retained Acct. Title/RE Notes Com. Cash Land Payable Stock Earnings 40,000 + 90,000= 50,000 + 55,000 + 25,000 Beg. Bal. 68,000 + NA = NA + 68,000 + NA NA Event No. 1 NA + NA + 100,000 Revenue 2. 100,000 + NA = NA + NA + (57,000) Expenses 3. (57,000) + NA NA + NA + 14,000 Dividend 4. (14,000) + NA= NA + NA NA (50,000) + 50,000 NA + 5. NA NA (10,000) + 40,000 + NA + NA = (10,000) + 77,000 + 6. 123,000 + 540,000 140,000= Totals Required B>

The following table shows the transactions experienced by J G 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 balances 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.) Assets Liabilities Stockholders' Equity Retained Acct. Title/RE Notes Com. Cash Land Payable Stock Earnings 40,000 + 90,000= 50,000 + 55,000 + 25,000 Beg. Bal. 68,000 + NA = NA + 68,000 + NA NA Event No. 1 NA + NA + 100,000 Revenue 2. 100,000 + NA = NA + NA + (57,000) Expenses 3. (57,000) + NA NA + NA + 14,000 Dividend 4. (14,000) + NA= NA + NA NA (50,000) + 50,000 NA + 5. NA NA (10,000) + 40,000 + NA + NA = (10,000) + 77,000 + 6. 123,000 + 540,000 140,000= Totals Required B>

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 1EB: Provide journal entries to record each of the following transactions. For each, identify whether the...

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