During the year, the Decker Company experienced the following accounting transactions: I. Purchased equipment with cash in the amount of$ I 00,000 2. Purchased supplies on account in the amount of$ I 0,000 3. Collected $21,000 cash from customers 4. Paid a cash dividend of $ 15,000 Using the accounting equation, record each of the transactions using the Transaction Analysis Template: Template:Balance SheetStockholders' EquityIncome StatementAssets%DLiabilities+Contrib.RetainedNetRevenuesExpenses =CapitalEarningsIncome SE2-6. Recording Transactions with the Accounting Equation During the year, the Decker Company LO2experienced the following accounting transactions:1. Purchased equipment with cash in the amount of $100,0002. Purchased supplies on account in the amount of $10,0003. Collected $21,000 cash from customersMBC4. Paid a cash dividend of $15,000Using the accounting equation, record each of the transactions using the Transaction AnalysisTemplate:Balance SheetStockholders' EquityIncome StatementAssetsLiabilitiesContrib.RetainedNetRevenues -Expenses =CapitalEarningsIncome

According to accounting equation, the assets equal to sum of liabilities and equity.

uring the year, the Decker Company experienced the following accounting transactions: I. Purchased equipment with cash in the amount of$ I 00,000 2. Purchased supplies on account in the amount of$ I 0,000 3. Collected $21,000 cash from customers 4. Paid a cash dividend of $ 15,000 Using the accounting equation, record each of the transactions using the Transaction Analysis Template:

uring the year, the Decker Company experienced the following accounting transactions: I. Purchased equipment with cash in the amount of$ I 00,000 2. Purchased supplies on account in the amount of$ I 0,000 3. Collected $21,000 cash from customers 4. Paid a cash dividend of $ 15,000 Using the accounting equation, record each of the transactions using the Transaction Analysis Template:

Financial Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter3: Analysis Of Financial Statements

Section: Chapter Questions

Problem 5MC: Calculate the projected debt ratio, debt-to-equity ratio, liabilities-to-assets ratio,...

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