Grizzly Company enters into the following transactions: Stockholders contribute $25,000 cash to a company in exchange for common stock. The company purchases $12,500 of new equipment in exchange for its promise to pay $12,500 at the end of next month. The company pays $7,500 to suppliers on account. Required: Show the effect of these transactions on the basic accounting equation. Prepare the journal entries that would be used to record the transactions.

Balance Corporation reported the following unadjusted amounts at September 30. All amounts are normal account balance. Prepare an unadjusted trial balance. Accounts Payable $ 12,000 Accounts Receivable 1,000 Advertising Expense 400 Cash 85,000 Common Stock 64,000 Equipment 60,000 Notes Payable 36,000 Rent Revenue 42,000 Retained Earnings 24,800 Supplies 1,400 Supplies Expense 600 Utilities Expense 2,000 Salaries and Wages Expense 28,400

On January 1, Year 3, Wayfarer Company’s assets were $240,000 and its stockholders’ equity was $112,000. During the year, assets increased $12,000 and liabilities decreased $8,000. Required: Determine the amount of stockholders’ equity at December 31, Year 3.

Pine Company offers a robust employee benefits package to all of its employees. One component is they offer a health plan, prescription drug plan, dental plan and vision plan to all full-time employees. These benefits are financed by United HealthCare Insurance. Pine Company pays the entire cost of these insurance products for their employees, because they believe this is a way to attract and retain some of the best talent in the industry.  What type of funding arrangement is displayed with the benefits offered by Pine Company? 

Performing a jumping jack occurs in which plane?

The chin is _______ to the nose.

Which of the following muscles originate on the linea aspera?

Which of the following joints is considered a biaxial joint?

Which of the following structures is located proximal to the lateral malleolus?

_________ covers the entire bone.