Homework Answers
Answer
- Requirement 1
|
Total Assets |
Total Liabilities |
Stockholder's equity |
|
|
a |
$660,000 |
$300,000 |
$360,000 |
|
b |
$85,000 |
$50,000 |
$35,000 |
|
c |
$350,000 |
$75,000 |
$275,000 |
- S1-5
1.
Since Assets = Liabilities + Equity,
Liabilities = Assets - Equity
2.
|
Equation: Stockholder's equity = Total Assets - Total Liabilities |
|
Equation: Own Equity = Total Assets - Total Liabilities + Revenues - Expenses - Drawings |
- S1-6
|
a |
Assets |
g |
Stockholder's equity |
|
b |
Liabilities |
h |
Assets |
|
c |
Assets |
i |
Liabilities |
|
d |
Assets |
j |
Assets |
|
e |
Liabilities |
k |
Assets |
|
f |
Liabilities |
l |
Stockholder's equity |
Add Answer to:
Total Liabilities + Total Assets $ ? 85.000 350,000 Stockholders' Equity $360,000 $300,000 50,000 275,000 S1-5....
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Please help me figure out the total of total liabilities and
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total stockholders' equity, and total liabilities and stockholders'
equity?
Accounts receivable $3,400 Cash $6.240 Accounts payable 3,700 Supplies 3,780 Interest payable 530 Unearned service revenue 940 Salaries and wages expense 5,400 Service revenue 41,850 Notes payable 32,500 Salaries and wages payable 770 Common stock 55,000 Depreciation expense 740 Inventory 2,810 Equipment (net) 110,600 Using the information above, prepare a balance sheet as of December 31, 2022. (List assets in order of liquidity.) Cullumber Company Balance Sheet December...
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Please help me figure out the total of total liabilities and
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