Questions from Financial Accounting

Q: Matured Water Services had net income for the month of October of

Matured Water Services had net income for the month of October of $50,880. Assets as of the beginning and end of the month totaled $362,000, and $486,000, respectively. Calculate Matured Water Service...

Q: Briefly describe the two major fields of accounting.

Briefly describe the two major fields of accounting.

Q: Polk Street Homes had the following cash transactions for the month ended

Polk Street Homes had the following cash transactions for the month ended July 31, 2018. Cash receipts: Collections from customers …………………………………………………………………..$ 25,000 Issued common stock ………………………………...

Q: Chloe Michaels plans on opening Chloe Michaels Floral Designs. She is

Chloe Michaels plans on opening Chloe Michaels Floral Designs. She is Considering the various types of business organizations and wishes to organize her business with unlimited life and wants owners o...

Q: You would like to start a cellular telephone equipment service business.

You would like to start a cellular telephone equipment service business. You are Considering organizing the business as a sole proprietorship. Identify the advantages and disadvantages of owning a sol...

Q: Roland’s Overhead Doors reports the following financial information: Assets …………………………………………………………………………….$

Roland’s Overhead Doors reports the following financial information: Assets …………………………………………………………………………….$ 45,800 Liabilities ……………………………………………………………………………17,220 Common Stock ………………………………………………………………...

Q: Tiny Town Kennel earns service revenue by caring for the pets of

Tiny Town Kennel earns service revenue by caring for the pets of customers. Tiny Town Kennel is organized as a corporation. During the past month, Tiny Town Kennel has the following transactions: a....

Q: Elaine’s Inflatables earns service revenue by providing party planning services and inflatable

Elaine’s Inflatables earns service revenue by providing party planning services and inflatable playscapes. Elaine’s Inflatables is organized as a corporation. During the past month, Elaine’s Inflatabl...

Q: Centerpiece Arrangements has just completed operations for the year ended December 31

Centerpiece Arrangements has just completed operations for the year ended December 31, 2018. This is the third year of operations for the company. The following data have been assembled for the busine...

Q: Starbucks Corporation is the premier roaster, marketer, and retailer of

Starbucks Corporation is the premier roaster, marketer, and retailer of specialty coffee in the world, operating in 68 countries. Starbucks generates revenues through company-operated stores, licensed...