Homework Answers
Total credit = Accounts payable + Notes payable + Common stock + Revenues
= $3420+5120+6590+35380
= $50510
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Question 29 View Policies Current Attempt in Progress Novak Corp. showed the following balances at the...
Question 7 of 18 > Current Attempt in Progress Sheffield Company showed the following balance at...
Question 7 of 18 > Current Attempt in Progress Sheffield Company showed the following balance at the end of the year Cach $3920 Prepaid insurance 2010 Accounts receivable 5100 4060 Accounts payable Notes payable 6020 Owner's Capital 2060 Owner's Dividends 910 Revenue 31800 Expenses 25700 What did Sheffield Company show as total credits on its trial balance? $40930 $12080 543940 544210 Attempts of used Sve for later
6500 61500 View Policies Current Attempt in Progress The following information is available for Novak Corp....
6500 61500 View Policies Current Attempt in Progress The following information is available for Novak Corp. for the year ended December 31 2022 Beginning cash balance $36.000 Accounts payable increase 8.550 Depreciation expense Accounts receivable decrease 7200 Inventory decrease 4,650 Net income 85,800 Cash received for sale of land at book value 156,000 Cash dividends paid 57.000 Income taxes payable decrease 5.850 Cash used to purchase land 121.500 Cash used to redeem bonds 99.000 Cash received from issuing stock 240,000...
Question 3 of 6 > -/2 View Policies Current Attempt in Progress The following balances were...
Question 3 of 6 > -/2 View Policies Current Attempt in Progress The following balances were taken from the books of Metlock Corp. on December 31, 2020, Interest revenue Cash Sales revenue Accounts recevable Prepaid Insurance Sales returns and allowances Allowance for doubtful accounts Sales discounts Land Equipment Buildings Cost of goods sold $87.450 52450 1,381,450 151.450 21.450 151.450 8.450 46.450 101.450 201.450 141.450 622.450 Accumulated depreciation equipment Accumulated depreciation-buildings Notes receivable Selling expenses Accounts payable Bonds payable Administrative and...
Current Attempt in Progress Metlock, Inc.'s trial balance reported the following balances at the end of...
Current Attempt in Progress Metlock, Inc.'s trial balance reported the following balances at the end of its first year: Cash Prepaid insurance Accounts receivable Accounts payable Notes payable Common stock Dividends Revenues Expenses $12600 630 3150 2520 3780 6303 S ERIE NERE What amount did Metlock, Inc.'s trial balance show as total credits? O $37890 O $38520 O $36630 O $37260
< > Question 2 of 5 View Policies Current Attempt in Progress The following balances were...
< > Question 2 of 5 View Policies Current Attempt in Progress The following balances were taken from the books of Waterway Corp. on December 31, 2020. Interest revenue Cash Sales revenue Accounts receivable Prepaid insurance Sales returns and allowances Allowance for doubtful accounts Sales discounts Land Equipment Buildings Cost of goods sold $87.900 52.900 1,381,900 151.900 21.900 151.900 8.900 46,900 101,900 201,900 141,900 622,900 Accumulated depreciation-equipment Accumulated depreciation--buildings Notes receivable Selling expenses Accounts payable Bonds payable Administrative and general...
View Policies Current Attempt in Progress These items are taken from the financial statements of Novak...
View Policies Current Attempt in Progress These items are taken from the financial statements of Novak Corp. et December 31, 2017 Buildings $133.308 Accounts receivable 15.876 Prepaid insurance 4032 Cash 14,918 Equipment 103.824 Land 77.112 Insurance expense 983 Depreciation expense 6,678 Interest expense 3.276 Common stock 75.600 Retained earnings (January 1, 2017) 50.400 Accumulated depreciation-buildings 57,456 Accounts payable 11.970 Notes payable 117.936 Accumulated depreciation-equipment 23.587 Interest payable 4,536 Service revenue 18.522 Prepare a classified balance sheet. Assume that $17.136 of...
--/1 Question 1 View Policies Current Attempt in Progress The following balances were taken from the...
--/1 Question 1 View Policies Current Attempt in Progress The following balances were taken from the books of Windsor Corp. on December 31, 2020. Interest revenue $87,350 Accumulated depreciation equipment $41,350 Cash 52,350 Accumulated depreciation-buildings 29,350 Sales revenue 1,381,350 Notes receivable 156,350 Accounts receivable 151,350 Selling expenses 195,350 Prepaid insurance 21,350 Accounts payable 171,350 Sales returns and allowances 151,350 Bonds payable 101,350 Allowance for doubtful accounts 8,350 Administrative and general expenses 98,350 Sales discounts 46,350 Accrued liabilities 33,350 Land 101,350...
QuCSLIUI 31 View Policies Current Attempt in Progress ALOctober 1.2022. Novak Corp. ad an Accounts Payable...
QuCSLIUI 31 View Policies Current Attempt in Progress ALOctober 1.2022. Novak Corp. ad an Accounts Payable balance od 51 D the month the comm u nches O $170000 debit $24400 credit $97600 credit O $195200 credit
help pls Question 4 View Policies Current Attempt in Progress The following balances were taken from...
help pls
Question 4 View Policies Current Attempt in Progress The following balances were taken from the books of Skysong Corp. on December 31, 2020. Interest revenue $87,250 52,250 Cash Sales revenue 1,381,250 Accounts receivable 151,250 Prepaid insurance 21,250 Accumulated depreciation-equipment $41,250 Accumulated depreciation-buildings 29,250 Notes receivable 156,250 Selling expenses 195,250 Accounts payable 171,250 Bonds payable 101,250 Administrative and general expenses 98,250 Accrued liabilities 33,250 Interest expense 61,250 Notes payable 101,250 Sales returns and allowances 151,250 8.250 Allowance for doubtful...
View Policies Current Attempt in Progress Based on the following data, what is the amount of...
View Policies Current Attempt in Progress Based on the following data, what is the amount of current assets? Accounts payable Accounts receivable Cash Intangible assets Inventory Long-term investments Long-term liabilities Short-term investments Notes payable Property, plant, and equipment Prepaid insurance $62000 124500 69000 124500 133000 169500 220000 82000 57000 1310000 2000 O $275500 O $410500 $277500 $252500 Save for Later View Policies Current Attempt in Progress Based on the following data, what is the amount of working capital? Accounts payable...
Question 7 of 18 > Current Attempt in Progress Sheffield Company showed the following balance at the end of the year Cach $3920 Prepaid insurance 2010 Accounts receivable 5100 4060 Accounts payable Notes payable 6020 Owner's Capital 2060 Owner's Dividends 910 Revenue 31800 Expenses 25700 What did Sheffield Company show as total credits on its trial balance? $40930 $12080 543940 544210 Attempts of used Sve for later
6500 61500 View Policies Current Attempt in Progress The following information is available for Novak Corp. for the year ended December 31 2022 Beginning cash balance $36.000 Accounts payable increase 8.550 Depreciation expense Accounts receivable decrease 7200 Inventory decrease 4,650 Net income 85,800 Cash received for sale of land at book value 156,000 Cash dividends paid 57.000 Income taxes payable decrease 5.850 Cash used to purchase land 121.500 Cash used to redeem bonds 99.000 Cash received from issuing stock 240,000...
Question 3 of 6 > -/2 View Policies Current Attempt in Progress The following balances were taken from the books of Metlock Corp. on December 31, 2020, Interest revenue Cash Sales revenue Accounts recevable Prepaid Insurance Sales returns and allowances Allowance for doubtful accounts Sales discounts Land Equipment Buildings Cost of goods sold $87.450 52450 1,381,450 151.450 21.450 151.450 8.450 46.450 101.450 201.450 141.450 622.450 Accumulated depreciation equipment Accumulated depreciation-buildings Notes receivable Selling expenses Accounts payable Bonds payable Administrative and...
Current Attempt in Progress Metlock, Inc.'s trial balance reported the following balances at the end of its first year: Cash Prepaid insurance Accounts receivable Accounts payable Notes payable Common stock Dividends Revenues Expenses $12600 630 3150 2520 3780 6303 S ERIE NERE What amount did Metlock, Inc.'s trial balance show as total credits? O $37890 O $38520 O $36630 O $37260
< > Question 2 of 5 View Policies Current Attempt in Progress The following balances were taken from the books of Waterway Corp. on December 31, 2020. Interest revenue Cash Sales revenue Accounts receivable Prepaid insurance Sales returns and allowances Allowance for doubtful accounts Sales discounts Land Equipment Buildings Cost of goods sold $87.900 52.900 1,381,900 151.900 21.900 151.900 8.900 46,900 101,900 201,900 141,900 622,900 Accumulated depreciation-equipment Accumulated depreciation--buildings Notes receivable Selling expenses Accounts payable Bonds payable Administrative and general...
View Policies Current Attempt in Progress These items are taken from the financial statements of Novak Corp. et December 31, 2017 Buildings $133.308 Accounts receivable 15.876 Prepaid insurance 4032 Cash 14,918 Equipment 103.824 Land 77.112 Insurance expense 983 Depreciation expense 6,678 Interest expense 3.276 Common stock 75.600 Retained earnings (January 1, 2017) 50.400 Accumulated depreciation-buildings 57,456 Accounts payable 11.970 Notes payable 117.936 Accumulated depreciation-equipment 23.587 Interest payable 4,536 Service revenue 18.522 Prepare a classified balance sheet. Assume that $17.136 of...
--/1 Question 1 View Policies Current Attempt in Progress The following balances were taken from the books of Windsor Corp. on December 31, 2020. Interest revenue $87,350 Accumulated depreciation equipment $41,350 Cash 52,350 Accumulated depreciation-buildings 29,350 Sales revenue 1,381,350 Notes receivable 156,350 Accounts receivable 151,350 Selling expenses 195,350 Prepaid insurance 21,350 Accounts payable 171,350 Sales returns and allowances 151,350 Bonds payable 101,350 Allowance for doubtful accounts 8,350 Administrative and general expenses 98,350 Sales discounts 46,350 Accrued liabilities 33,350 Land 101,350...
QuCSLIUI 31 View Policies Current Attempt in Progress ALOctober 1.2022. Novak Corp. ad an Accounts Payable balance od 51 D the month the comm u nches O $170000 debit $24400 credit $97600 credit O $195200 credit
help pls
Question 4 View Policies Current Attempt in Progress The following balances were taken from the books of Skysong Corp. on December 31, 2020. Interest revenue $87,250 52,250 Cash Sales revenue 1,381,250 Accounts receivable 151,250 Prepaid insurance 21,250 Accumulated depreciation-equipment $41,250 Accumulated depreciation-buildings 29,250 Notes receivable 156,250 Selling expenses 195,250 Accounts payable 171,250 Bonds payable 101,250 Administrative and general expenses 98,250 Accrued liabilities 33,250 Interest expense 61,250 Notes payable 101,250 Sales returns and allowances 151,250 8.250 Allowance for doubtful...
View Policies Current Attempt in Progress Based on the following data, what is the amount of current assets? Accounts payable Accounts receivable Cash Intangible assets Inventory Long-term investments Long-term liabilities Short-term investments Notes payable Property, plant, and equipment Prepaid insurance $62000 124500 69000 124500 133000 169500 220000 82000 57000 1310000 2000 O $275500 O $410500 $277500 $252500 Save for Later View Policies Current Attempt in Progress Based on the following data, what is the amount of working capital? Accounts payable...
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