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MC Qu. 310 Use the information in the adjusted... Use the information in the adjusted trial...
MC Qu. 157 Chou Co. has a net income of... Chou Co. has a net income...
MC Qu. 157 Chou Co. has a net income of... Chou Co. has a net income of $55,000, assets at the beginning of the year are $262,000 and assets at the end of the year are $312,000. Compute its return on assets. Multiple Choice Ο Ο Ο Ο MC Qu. 310 Use the information in the adjusted... Use the information in the adjusted trial balance presented below to calculate the current ratio for Taron Company: Account Title Cash R Accounts...
44) Use the information in the adjusted trial balance presented below to calculate total current liabilities...
44) Use the information in the adjusted trial balance presented below to calculate total current liabilities for Taron Company: Cr Dr $ 23,000 16,000 6,600 100,000 $ 50,000 Account Title Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation - Equipment Land Accounts payable (due in 1 week) Interest payable (due in 1 month) Unearned revenue (service to be provided in 2 months) Long-term notes payable Z. Taron, Capital Totals 95,000 17,000 2,400 5,000 30,000 136,200 $ 240,600 $ 240,600 A)...
Use the information in the adjusted trial balance presented below to calculate current assets for Taron...
Use the information in the adjusted trial balance presented below to calculate current assets for Taron Company: Account Title Dr. Cr. Cash $ 65,000 Accounts receivable 30,000 Prepaid insurance 12,200 Equipment 240,000 Accumulated depreciation—Equipment $ 120,000 Land 109,000 Accounts payable 31,000 Interest payable 5,900 Unearned revenue 9,200 Long-term notes payable 72,000 Retained earnings 218,100 Totals $ 456,200 $ 456,200 Multiple Choice $41,200. $109,000. $107,200. $456,200. $31,000.
Use the information in the adjusted trial balance presented below to calculate current assets for Taron Company: A...
Use the information in the adjusted trial balance presented below to calculate current assets for Taron Company: Account Title Dr. Cr. Cash $ 41,000 22,000 9,000 Accounts receivable Prepaid insurance Equipment Accumulated depreciation-Equipment 160,000 $ 80,000 Land 101,000 Accounts payable Interest payable 23,000 3,900 6,800 Unearned revenue Long-term notes payable Retained earnings 48,000 171,300 Totals $333,000 $333,000 Multiple Choice $101,000. $72,000. $101,000. $72,000. $333,000. $23.000. $41,200.
Use the information in the adjusted trial balance presented below to calculate current assets for Wicked...
Use the information in the adjusted trial balance presented below to calculate current assets for Wicked Wicker Company: points (8 01:52:43 Account Title Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Unearned revenue Long-term notes payable Retained earnings Totals Dr. Cr. $ 77,000 34,000 13,800 280,000 $140,000 113,000 35,000 6,900 10,400 84,000 241,500 $517,800 $517,800 Multiple Choice 0 $41,200. 0 $124.800. 0 $113,000 0 $517,800
Use the information in the adjusted trial balance presented below to calculate the current ratio for...
Use the information in the adjusted trial balance presented below to calculate the current ratio for Wicked Wicker Company: Cr. Dr. $ 50,000 25,000 10,200 190,000 points (8 01:53:57 $ 95,000 Account Title Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Unearned revenue Long-term notes payable Retained earnings Totals 104,000 26,000 4,650 7,700 57,000 188,850 $379,200 O O O O
The Adjusted Trial Balance for Planta Company follows. Complete the work sheet by extending the account...
The Adjusted Trial Balance for Planta Company follows. Complete the work sheet by extending the account balances into the appropriate financial statement columns and by entering the amount of net income for the reporting period. PLANTA COMPANY Work Sheet Adjusted Trial Balance Income Statement No. Account Title Cr. Or. cr. Balance Sheet and Statement of Owner's Equity Dr. Co 54,800 20.976 Dr. 4.800 20,976 41.500 $ 41 500 516 630 S1653 30.000 0.000 101 Cash 106 Accounts receivable 153 Trucks...
Question Three: 20 marks (5 marks each): Presented below is an adjusted trial balance for Cowell...
Question Three: 20 marks (5 marks each): Presented below is an adjusted trial balance for Cowell Company, at December 31, 2017 Cash €10,700 Accounts payable €10,000 Accounts receivable 20,000 Notes payable 9,000 Prepaid insurance 15,000 Accumulated depreciation- Equipment 35,000 equipment 14,000 Depreciation expense 7,000 Service revenue 30,000 Dividends 1,500 Retained earnings 12,000 Advertising expense 1,400 Unearned service revenue 11,000 Rent expense 800 Share capital-ordinary 12,000 Salaries and wages expense 5,000 Insurance expense 1,600 €98.000 €98.000 Instructions: Post the closing entries...
1. & 2. 3. The following data are taken from the unadjusted trial balance of the...
1. & 2. 3. The following data are taken from the unadjusted trial balance of the Westcott Company at December 31. Complete the work sheet following adjustment Complete the Adjusted Trial Balance columns of the work sheet. (Enter their balances in the correct Debit or Credit column of the Unadjusted Trial Balance columns.) Use the following adjustment information to complete the Adjustments columns of the work sheet a. Depreciation on equipment, $11 b. Accrued salaries, $7 c. The $15 of...
Use the information in the adjusted trial balance presented below to calculate current assets for Wicked...
Use the information in the adjusted trial balance presented below to calculate current assets for Wicked Wicker Company Credit Debit $ 41,000 22,000 9,000 160,000 $ 80,000 Account Title Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Unearned revenue Long-term notes payable Retained earnings Totals 101,000 23,000 3,900 6,800 48,000 171,300 $ 333,000 $ 333,000 Multiple Choice $8,700
MC Qu. 157 Chou Co. has a net income of... Chou Co. has a net income of $55,000, assets at the beginning of the year are $262,000 and assets at the end of the year are $312,000. Compute its return on assets. Multiple Choice Ο Ο Ο Ο MC Qu. 310 Use the information in the adjusted... Use the information in the adjusted trial balance presented below to calculate the current ratio for Taron Company: Account Title Cash R Accounts...
44) Use the information in the adjusted trial balance presented below to calculate total current liabilities for Taron Company: Cr Dr $ 23,000 16,000 6,600 100,000 $ 50,000 Account Title Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation - Equipment Land Accounts payable (due in 1 week) Interest payable (due in 1 month) Unearned revenue (service to be provided in 2 months) Long-term notes payable Z. Taron, Capital Totals 95,000 17,000 2,400 5,000 30,000 136,200 $ 240,600 $ 240,600 A)...
Use the information in the adjusted trial balance presented below to calculate current assets for Taron Company: Account Title Dr. Cr. Cash $ 41,000 22,000 9,000 Accounts receivable Prepaid insurance Equipment Accumulated depreciation-Equipment 160,000 $ 80,000 Land 101,000 Accounts payable Interest payable 23,000 3,900 6,800 Unearned revenue Long-term notes payable Retained earnings 48,000 171,300 Totals $333,000 $333,000 Multiple Choice $101,000. $72,000. $101,000. $72,000. $333,000. $23.000. $41,200.
Use the information in the adjusted trial balance presented below to calculate current assets for Wicked Wicker Company: points (8 01:52:43 Account Title Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Unearned revenue Long-term notes payable Retained earnings Totals Dr. Cr. $ 77,000 34,000 13,800 280,000 $140,000 113,000 35,000 6,900 10,400 84,000 241,500 $517,800 $517,800 Multiple Choice 0 $41,200. 0 $124.800. 0 $113,000 0 $517,800
Use the information in the adjusted trial balance presented below to calculate the current ratio for Wicked Wicker Company: Cr. Dr. $ 50,000 25,000 10,200 190,000 points (8 01:53:57 $ 95,000 Account Title Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Unearned revenue Long-term notes payable Retained earnings Totals 104,000 26,000 4,650 7,700 57,000 188,850 $379,200 O O O O
The Adjusted Trial Balance for Planta Company follows. Complete the work sheet by extending the account balances into the appropriate financial statement columns and by entering the amount of net income for the reporting period. PLANTA COMPANY Work Sheet Adjusted Trial Balance Income Statement No. Account Title Cr. Or. cr. Balance Sheet and Statement of Owner's Equity Dr. Co 54,800 20.976 Dr. 4.800 20,976 41.500 $ 41 500 516 630 S1653 30.000 0.000 101 Cash 106 Accounts receivable 153 Trucks...
Question Three: 20 marks (5 marks each): Presented below is an adjusted trial balance for Cowell Company, at December 31, 2017 Cash €10,700 Accounts payable €10,000 Accounts receivable 20,000 Notes payable 9,000 Prepaid insurance 15,000 Accumulated depreciation- Equipment 35,000 equipment 14,000 Depreciation expense 7,000 Service revenue 30,000 Dividends 1,500 Retained earnings 12,000 Advertising expense 1,400 Unearned service revenue 11,000 Rent expense 800 Share capital-ordinary 12,000 Salaries and wages expense 5,000 Insurance expense 1,600 €98.000 €98.000 Instructions: Post the closing entries...
1. & 2. 3. The following data are taken from the unadjusted trial balance of the Westcott Company at December 31. Complete the work sheet following adjustment Complete the Adjusted Trial Balance columns of the work sheet. (Enter their balances in the correct Debit or Credit column of the Unadjusted Trial Balance columns.) Use the following adjustment information to complete the Adjustments columns of the work sheet a. Depreciation on equipment, $11 b. Accrued salaries, $7 c. The $15 of...
Use the information in the adjusted trial balance presented below to calculate current assets for Wicked Wicker Company Credit Debit $ 41,000 22,000 9,000 160,000 $ 80,000 Account Title Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Unearned revenue Long-term notes payable Retained earnings Totals 101,000 23,000 3,900 6,800 48,000 171,300 $ 333,000 $ 333,000 Multiple Choice $8,700
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