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Answer -
Calculation of Total Assets of Braun Corporation at December 31, 2018
| Particulars | Explanation | Amount ($) | |
| I. | Capital Stock | Given in question | 327000 |
| II. | Accounts Payable | Given in question | 19500 |
| III. | Retained Earnings | Given in question | 167000 |
| IV. | Notes Payable | Given in question | 197000 |
| Total Assets | I + II + III + IV | 710500 | |
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Required information [The following information applies to the questions displayed below.] At December 31, 2018, the...
Required information [The following information applies to the questions displayed below.] At December 31, 2018, the...
Required information [The following information applies to the questions displayed below.] At December 31, 2018, the accounting records of Braun Corporation contain the following items: $ 47,000 Accounts Payable Land Capital Stock Building Retained Earnings $ 19,500 $ 247,000 ? $ 187,000 $ 167,000 Accounts Receivable Cash Equipment Notes Payable $ 127,000 $ 197,000 If Cash at December 31, 2018, is $93,000, Capital Stock is:
Required information [The following information applies to the questions displayed below.] At December 31, 2018, the...
Required information [The following information applies to the questions displayed below.] At December 31, 2018, the accounting records of Braun Corporation contain the following items: $ 47,000 $ 19,500 $ 247,000 Accounts Payable Land Capital Stock Building Retained Earnings Accounts Receivable Cash Equipment Notes Payable $ 127,000 $ 197,000 $ 187,000 $ 167,000 If Capital Stock is $267,000, what is the December 31, 2018 cash balance?
Required information [The following information applies to the questions displayed below.] At December 31, 2018, the...
Required information [The following information applies to the questions displayed below.] At December 31, 2018, the accounting records of Braun Corporation contain the following items: Accounts Payable Land Capital Stock Building Retained Earnings $ 19,500 $ 247,000 ? $ 187,000 $ 167,000 Accounts Receivable Cash Equipment Notes Payable $ 47,000 ? $ 127,000 $ 197,000 If Cash at December 31, 2018, is $33,000, total owners' equity is:
Required information [The following information applies to the questions displayed below.] At December 31, 2018, the...
Required information [The following information applies to the questions displayed below.] At December 31, 2018, the accounting records of Braun Corporation contain the following items: $ 47,000 Accounts Payable Land Capital Stock Building Retained Earnings $ 19,500 $ 247,000 ? $ 187,000 $ 167,000 Accounts Receivable Cash Equipment Notes Payable $ 127,00 $ 127,000 $ 197,000 If Cash at December 31, 2018, is $73,000, total assets amount to:
1. At December 31, Year 1, the accounting records of Braun Corporation contain the following items:...
1. At December 31, Year 1, the accounting records of Braun Corporation contain the following items: Accounts Payable $ 13,500 Accounts Receivable $ 35,000 Land $ 235,000 Cash ? Capital Stock ? Equipment $ 115,000 Building $ 175,000 Notes Payable $ 185,000 Retained Earnings $ 155,000 If Capital Stock is $315,000, total assets of Braun Corporation at December 31, Year 1, amounts to: Multiple Choice $668,500. $703,500. $98,500. 2. At December 31, Year 1, the accounting records of Braun Corporation...
Please find the answers and show how to solve: At December 31. Year 1, the accounting...
Please find the answers and show how to solve:
At December 31. Year 1, the accounting records of Braun Corporation contain the following items: 10 $ 11,000 $ 230,000 30,000 Accounts Payable Land Capital Stock Building Retained Earnings Accounts Receivable Cash Equipment Notes Payable $ 170,000 $ 150,000 $ 110,000 $ 180,000 cBook If Cash at December 31, Year 1, is $56,000, total assets amounts to: Multiple Choice $607.000 $746.000 Ο Ο Ο Ο $566,000. $596,000 At December 31, Year...
Required information (The following information applies to the questions displayed below.) The December 31, 2018, adjusted...
Required information (The following information applies to the questions displayed below.) The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 11,500 145,000 5,500 27,500 350,000 $ 130,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense 11,500 10,500 4,500 35,000 250,000 55,000 450,000 350,000...
At December 31, Year 1, the accounting records of Braun Corporation contain the following items: Accounts...
At December 31, Year 1, the accounting records of Braun Corporation contain the following items: Accounts Payable $ 13,500 Accounts Receivable $ 35,000 Land $ 235,000 Cash ? Capital Stock ? Equipment $ 115,000 Building $ 175,000 Notes Payable $ 185,000 Retained Earnings $ 155,000 If Capital Stock is $255,000, what is the December 31, Year 1 cash balance? Multiple Choice $83,500. $608,500. $91,500.
Required information [The following information applies to the questions displayed below] The December 31, 2018, adjusted...
Required information [The following information applies to the questions displayed below] The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 11,300 143.000 5,300 26.500 330,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense $ 128,000 11,300 10.300 4,300 33.000 230,000 53,000 430,000 330,000...
Required information [The following information applies to the questions displayed below.) The December 31, 2018, adjusted...
Required information [The following information applies to the questions displayed below.) The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. $ Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Debit Credit 11,300 143,000 5.300 26,500 330,000 $ 128,000 11,300 10,300 4,300 33,000 230,000 53,000 430,000 330,000...
Required information [The following information applies to the questions displayed below.] At December 31, 2018, the accounting records of Braun Corporation contain the following items: $ 47,000 Accounts Payable Land Capital Stock Building Retained Earnings $ 19,500 $ 247,000 ? $ 187,000 $ 167,000 Accounts Receivable Cash Equipment Notes Payable $ 127,000 $ 197,000 If Cash at December 31, 2018, is $93,000, Capital Stock is:
Required information [The following information applies to the questions displayed below.] At December 31, 2018, the accounting records of Braun Corporation contain the following items: $ 47,000 $ 19,500 $ 247,000 Accounts Payable Land Capital Stock Building Retained Earnings Accounts Receivable Cash Equipment Notes Payable $ 127,000 $ 197,000 $ 187,000 $ 167,000 If Capital Stock is $267,000, what is the December 31, 2018 cash balance?
Required information [The following information applies to the questions displayed below.] At December 31, 2018, the accounting records of Braun Corporation contain the following items: Accounts Payable Land Capital Stock Building Retained Earnings $ 19,500 $ 247,000 ? $ 187,000 $ 167,000 Accounts Receivable Cash Equipment Notes Payable $ 47,000 ? $ 127,000 $ 197,000 If Cash at December 31, 2018, is $33,000, total owners' equity is:
Required information [The following information applies to the questions displayed below.] At December 31, 2018, the accounting records of Braun Corporation contain the following items: $ 47,000 Accounts Payable Land Capital Stock Building Retained Earnings $ 19,500 $ 247,000 ? $ 187,000 $ 167,000 Accounts Receivable Cash Equipment Notes Payable $ 127,00 $ 127,000 $ 197,000 If Cash at December 31, 2018, is $73,000, total assets amount to:
Please find the answers and show how to solve:
At December 31. Year 1, the accounting records of Braun Corporation contain the following items: 10 $ 11,000 $ 230,000 30,000 Accounts Payable Land Capital Stock Building Retained Earnings Accounts Receivable Cash Equipment Notes Payable $ 170,000 $ 150,000 $ 110,000 $ 180,000 cBook If Cash at December 31, Year 1, is $56,000, total assets amounts to: Multiple Choice $607.000 $746.000 Ο Ο Ο Ο $566,000. $596,000 At December 31, Year...
Required information (The following information applies to the questions displayed below.) The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 11,500 145,000 5,500 27,500 350,000 $ 130,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense 11,500 10,500 4,500 35,000 250,000 55,000 450,000 350,000...
Required information [The following information applies to the questions displayed below] The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 11,300 143.000 5,300 26.500 330,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense $ 128,000 11,300 10.300 4,300 33.000 230,000 53,000 430,000 330,000...
Required information [The following information applies to the questions displayed below.) The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. $ Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Debit Credit 11,300 143,000 5.300 26,500 330,000 $ 128,000 11,300 10,300 4,300 33,000 230,000 53,000 430,000 330,000...
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