Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 40

Analyzing and Journalizing Transactions
Weida Surveying, Inc., provides land surveying services.uring September, its transactions included the following:
Sept. Paid rent for the month of September, $4,400.
Sept. Billed Fine Line Homes $5,620 for surveying services.he entire amount is due on or before September 28.Weida uses an account entitled Surveying Revenue when billing clients.)

Instructions
a.nalyze the effects that each of these transactions will have on the following six components of the company's financial statements for the month of September.rganize your answer in tabular form, using the column headings shown.se I for increase, D for decrease, and NE for no effect.he September 1transaction is provided for you:

b.repare a journal entry (including explanation) for each of the above transactions.
c.hree of September's transactions involve cash payments, yet only one of these transactions is recorded as an expense.escribe three situations in which a cash payment would not involve recognition of an expense.