Homework Answers
| Answer: If the owner's capital is equal to $34200 and the owner | |||||
| withdraws an additional $20000, the remaining Equity amount | |||||
| would be $14200. | |||||
| But in the present case, the balance sheet is showing only Cash | |||||
| of $4800, so it would not be possible for owner to withdraw an | |||||
| amount of $20000. The owner can withdraw at the maximum of | |||||
| $4,800.00 | |||||
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Paragraph Styles FASTFORWARD Balance Sheet December 31, 2018 Assets Liabilities Cash Supplies Equipment $4,800 Accounts payable...
Styles Paragraph Why is the cash balance $400 higher than the net income? (Ctrl) - FASTFORWARD...
Styles Paragraph Why is the cash balance $400 higher than the net income? (Ctrl) - FASTFORWARD Statement of Cash Flows For Month Ended December 31, 2018 Cash flows from operating activities Cash received from clients ($4,200 + $1,900) Cash paid for expenses ($2,500 + $900 + $1,000 + $700) Net cash provided by operating activities Cash flows from investing activities Purchase of equipment Net cash used by investing activities Cash flows from financing activities Investments by owner Withdrawals by owner...
O words Question 11 2.6 pts Review the Statement of Owner's Equity. If the owner had...
O words Question 11 2.6 pts Review the Statement of Owner's Equity. If the owner had withdrew an additional $29,800 from the business, what is the remaining owner's capital? HTML Editor BIVA-AI EI? 11 x , - C V @ 12pt - Paragraph - Assignment FASTFORWARD Income Statement For Month Ended December 31, 2018 Revenues Consulting revenue (54.200 + 1,600) Rental revenue $5,800 $6.100 $1.000 Rent expense Salaries expense Total expenses Net income 700 FASTFORWARD Statement of Owner's Equity For...
Atlas Realty Balance Sheet May 31, 2019 Assets Liabilities Cash $ 123,200 Accounts payable 48,000 Supplies...
Atlas Realty Balance Sheet May 31, 2019 Assets Liabilities Cash $ 123,200 Accounts payable 48,000 Supplies 12.800 Owner's Eques Land LuAnn Martin, capital 120,000 256,000 Total assets Total liabilities and owner's equity $ 256,000
Assets Cash CULLUMBER COMPANY Balance Sheet December 31, 2020 Liabilities $21,036 Accounts payable 11,219 Accounts receivable...
Assets Cash CULLUMBER COMPANY Balance Sheet December 31, 2020 Liabilities $21,036 Accounts payable 11,219 Accounts receivable 64,510 Owner's capital 18,231 Total liabilities and owner's equity $114,996 Supplies Equipment Owner's drawings Total assets $29,450 (9,116) 94,662 $114,996 Prepare a correct balance sheet. (List Assets in order of liquidity.) CULLUMBER COMPANY Balance Sheet Assets Liabilities and Owner's Equity
2020 LLC Balance Sheet 31 Assets Debit Credit Current Assets Cash 5,130.00 Accounts Receivable 3,300.00 Total...
2020 LLC Balance Sheet 31 Assets Debit Credit Current Assets Cash 5,130.00 Accounts Receivable 3,300.00 Total Current Assets 8,430.00 Property, Plant & Equipment Equipment 12,400.00 Accumulated Depreciation (2,200.00) Total Plant, Property & Equipment 10,200.00 Total Assets 18,630.00 Liabilities Accounts Payable 700.00 Notes Payable- Short Term 3,070.00 Total Current Liabilities 3,770.00 Owner Equity Members Capital 14,860.00 Total Liability & Owners Equity 18,630.00 Question. From the balance sheet, calculate working Capital.Does the firm have sufficient working capital ?
Valley Technology Balance Sheet As of December 31, 2018 (amounts in thousands) Cash 97,000 Accounts Payable...
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The balance sheet of Ryan, James and Peter's partnership as of December 31, 2018, is given below Assets Liabilities $18000Acounts Payable Cash $15,000 Accounts Receivable 10,0000ther liabiliti...
The balance sheet of Ryan, James and Peter's partnership as of December 31, 2018, is given below Assets Liabilities $18000Acounts Payable Cash $15,000 Accounts Receivable 10,0000ther liabilities 24000 10,000Partners' Equity uniture 15,000Ryan Capital 9000 quipment 7000Peter, Capita Other assets 10 James, Capital Total liabilties and partners $60.00Dequity Total assets Ryan, Peter, and James share profits 3 2.1 They liquidate the partnership. The furniture and equipment are sold at a $8000 loss The accounts receivable were collected in full and the...
Balance Sheet, Jan 1, 2019 Current Assets Cost Current Liabilities Cost Cash 13,000 Accounts Payable 35,000...
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Waterway Corporation Balance Sheet December 31 2018 2017 Cash $19,500 $14,400 Accounts Receivable 29,300 19,900 Inventory...
Waterway Corporation Balance Sheet December 31 2018 2017 Cash $19,500 $14,400 Accounts Receivable 29,300 19,900 Inventory 14,900 10,100 Total Current Assets 63,700 44,400 Property, Plant & Equipment 78,100 68,100 Total Assets $141,800 $112,500 Accounts Payable $20,800 $9,600 Unearned Revenue 14,900 9,500 Note Payable (due 2021) 49,900 49,900 Total Liabilities 85,600 69,000 Common Shares 19,200 19,200 Retained Earnings 37,000 24,300 Shareholders’ Equity 56,200 43,500 Total Liabilities & Equity $141,800 $112,500 Waterway Corporation Income Statement For the year ending December 31 2018...
most create T-accounts and Journal Entries 52 BBBB, Inc. Balance Sheet December 31, 2019 Liabilities Assets...
most create T-accounts and Journal Entries
52 BBBB, Inc. Balance Sheet December 31, 2019 Liabilities Assets Current Liabilities $ 18,600 28.000 46,600 Current Assets $ 151,000 8000 159,000 Taxes Payable Note Payable-Land Total Current Liabilities Cash Merchandise Inventory Total Current Assets Long-Term Liabilities 100.000 146,600 Fixed Assets Note Payable-Bank Total Liabilities Land 30,000 Other Assets Security Deposit owners Equity $ 5,.000 Common Stock Retained Earnings Total Owners Equity Total Liabilities and 43409 8400 Owners' Equity $195.000 Total Assets $ 195,000...
Styles Paragraph Why is the cash balance $400 higher than the net income? (Ctrl) - FASTFORWARD Statement of Cash Flows For Month Ended December 31, 2018 Cash flows from operating activities Cash received from clients ($4,200 + $1,900) Cash paid for expenses ($2,500 + $900 + $1,000 + $700) Net cash provided by operating activities Cash flows from investing activities Purchase of equipment Net cash used by investing activities Cash flows from financing activities Investments by owner Withdrawals by owner...
O words Question 11 2.6 pts Review the Statement of Owner's Equity. If the owner had withdrew an additional $29,800 from the business, what is the remaining owner's capital? HTML Editor BIVA-AI EI? 11 x , - C V @ 12pt - Paragraph - Assignment FASTFORWARD Income Statement For Month Ended December 31, 2018 Revenues Consulting revenue (54.200 + 1,600) Rental revenue $5,800 $6.100 $1.000 Rent expense Salaries expense Total expenses Net income 700 FASTFORWARD Statement of Owner's Equity For...
Atlas Realty Balance Sheet May 31, 2019 Assets Liabilities Cash $ 123,200 Accounts payable 48,000 Supplies 12.800 Owner's Eques Land LuAnn Martin, capital 120,000 256,000 Total assets Total liabilities and owner's equity $ 256,000
Assets Cash CULLUMBER COMPANY Balance Sheet December 31, 2020 Liabilities $21,036 Accounts payable 11,219 Accounts receivable 64,510 Owner's capital 18,231 Total liabilities and owner's equity $114,996 Supplies Equipment Owner's drawings Total assets $29,450 (9,116) 94,662 $114,996 Prepare a correct balance sheet. (List Assets in order of liquidity.) CULLUMBER COMPANY Balance Sheet Assets Liabilities and Owner's Equity
The balance sheet of Ryan, James and Peter's partnership as of December 31, 2018, is given below Assets Liabilities $18000Acounts Payable Cash $15,000 Accounts Receivable 10,0000ther liabilities 24000 10,000Partners' Equity uniture 15,000Ryan Capital 9000 quipment 7000Peter, Capita Other assets 10 James, Capital Total liabilties and partners $60.00Dequity Total assets Ryan, Peter, and James share profits 3 2.1 They liquidate the partnership. The furniture and equipment are sold at a $8000 loss The accounts receivable were collected in full and the...
most create T-accounts and Journal Entries
52 BBBB, Inc. Balance Sheet December 31, 2019 Liabilities Assets Current Liabilities $ 18,600 28.000 46,600 Current Assets $ 151,000 8000 159,000 Taxes Payable Note Payable-Land Total Current Liabilities Cash Merchandise Inventory Total Current Assets Long-Term Liabilities 100.000 146,600 Fixed Assets Note Payable-Bank Total Liabilities Land 30,000 Other Assets Security Deposit owners Equity $ 5,.000 Common Stock Retained Earnings Total Owners Equity Total Liabilities and 43409 8400 Owners' Equity $195.000 Total Assets $ 195,000...
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