Please TYPE answer and please DO NOT use handwriting. Handwriting is often hard to understand. Thank

Please TYPE answer and please DO NOT use handwriting. Handwriting is often hard to understand. Thank You.

Required information [The following information applies to the questions displayed below] An analysis of transactions made during July by NepCo, an Internet service provider, during Its first month of operations Is shown below. Increases and decreases affecting revenues and expenses are explained. Stockholders' Equity Assets Liabilities Accounts Accounts Receivable Retained Earnings Cash Supplies Equipment Payable Connon Stock +11,080 (a) (b) +11,68e -710 Utilities expense +71e (c) (d) +5,0ee +5,080 Service revenue 6,08e +1,080 +1e,08e +4,08e (e) (f) (g) (h) (i) (J) +1,080 Service revenue +550 +55e -3,e8e -3,000 -2,000 -2,000 Wage expense -750 Rent expense -75e 1,5ee 3,5ee +1,5ee 10,000 11,000 1,750 55e 2, 260 2,540 Required: 1. Describe the business activities that led to the accounting equation effects for each transactlon shown above Financial Statements Activities (a) Ь (C (d (e (f (h) Required Information The following Information applies to the questions dlsplayed below. An analyss oftransactions mede during July by NepCo, an Internet service provider, during its first month of operations a shown below. Incresses and decresses affecting revenues and expenses are explained. Stockholders Equity Assets Liabilities Accounts Accounts Common Stocle 423 000 Cash BeceEvable Supplies Equipment Payabla Retained Earnings 421,000 4718 -718 utilities expense +5,888 Service revenue (c. 5,000 -6,000 1,000 428,888 4,080 (e 1,888 Service revenue 4550 455e -3,000 -2,000 -75e (al -3,800 2,880 wage expense -758 Rent expnse (i. 1,500 -1,580 3,500 11,000 1,750 55e 18,000 2,268 2,540 2- Pregare an Income statement ss of July 31 NEPCO Inoome 8tatement Required Information [The following information applies to the questions dlisplayed below An analysis of transactions made during July by NepCo, an Internet service provider, during Its first month of operations is shown below. Increases and decreases affecting revenues and expenses are explained. Stockholders' Equity Assets Liabilities Accounts Payable Accounts Retained Earnings Cash Receivable Supplies Equipnent Connon Stock (a) (b) (c) +11,080 +11,000 -710 Utilities expense +5,080 Service revenue +71e +5,0ee (d) (e) -6,00e +1,000 +10,0ee +4,eee +1,080 Service revenues (f) (g) (h) (i) (J) +55e +55e -3,e8e -2,0ee -3,eee -2,000 Wage expense -750 Rent expense -75e +1,5ee 1,5ee 11,08e 1,75e 3,see 55e 10,000 2, 26e 2.548 2-b. Prepare a statement of retalned earnings for July 31. NEPCO Statement of Retained Earnings Retained Earnings, July 1 Retained Earnings, July 31 2-c. Prepare a classified balance sheet as of July 31. NEPCO Balance Sheet Required Information The following information applies to the questions displayed below] An analysis of transactions made during July by NepCo, an Internet service provider, during Its first month of operations Is shown below. Increases and decreases affecting revenues and expenses are explained. Stockholders' Equity Assets Liabilities Accounts Accounts Retained Earnings Cash Receivable Supplies Equipnent Payable Connon Stock +11,68e +11,0e0 -710 Uti1ities expense +5,0ee Service revenue +71e (c) (d) (e) (f) (9) (h) +5,0ee +4,00e -6,eee +1,000 +1e,08e +1,08e Service revenue +55e +55e -3,080 -3,0e0 -2,000 -2,000 Wage expense -750 Rent expense (i) (J) -75e -1,50e +1,5ee 1e,000 2,540 1,750 3,see 55e 2,260 11,080 3-a. Calculate the net profit margin, expressed as a percent. (Round your answer to 1 decimal place.) Net Profit Margin 3-b. Is NepCo more or less profitable than its competitor, which earned a net profit margin of 25.0 percent? O More O Less

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