Visit the website of The Random Acts of Kindness Foundation, an organization dedicated to altruistic pursuits.Review the information, literature, and…
February 28, 2021
Explain the concept of total safety management (TSM) What are some of the positive outcomes of a TSM program? What can a safety and health manager do ti keep up with the current trends in the fostering the strategic elements of TSM at their companies?
February 28, 2021

u4ip_accounting

This response must be 1-2 pages long:

 

The following cash transactions took place during March, the first month of business for Cats and Dogs Company:

  1. D.C. Dawg started a business, Cats and Dogs Company, by contributing $6,000.
  2. The Cats and Dogs Company borrowed $2000 from the bank on March 1. The note is a 1-year, 12% note, with both principal and interest to be repaid on February 28 of next year.
  3. The company earned $900 in revenue.
  4. Expenses amounted to $650.
  5. Distrutions to owners amounted to $25.

You are to complete the following tasks.

  1. Show how each cash transaction affects the accounting equation.
  2. Give one additional piece of information related to the transaction that could be recorded in an information system for a purpose other than the financial statement.
  3. Prepare the four basic financial; statements for the month of March.
 
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