Homework Answers
| 2016 | |||
| Balance sheet | |||
| Assets | Liabilities | ||
| Cash | 49003 | Accounts payable | 69930 |
| Accounts receivable | 26599 | ||
| Office supplies | 4196 | ||
| Office equipment | 128801 | Equity | |
| Trucks | 50401 | Total equity | 189070 |
| Total assets | 259000 | Total liabilities and equity | 259000 |
| 2017 | |||
| Balance sheet | |||
| Assets | Liabilities | ||
| Cash | 8561 | Accounts payable | 34683 |
| Accounts receivable | 20854 | Notes payable | 109945 |
| Office supplies | 3073 | ||
| Office equipment | 137197 | ||
| Trucks | 59401 | ||
| Building | 168017 | ||
| Land | 41928 | Equity | |
| Total equity | 294403 | ||
| Total assets | 439031 | Total liabilities and equity | 439031 |
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(The following information applies to the questions displayed below The accounting records of Nettle Distribution show...
Required information The following information applies to the questions displayed below. The accounting records of Nettle...
Required information The following information applies to the questions displayed below. The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2016 and 2017 s 46,070 7,51 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 25,007 19,606 2,889 121,093 128,987 47,385 56,385 157,962 0 39,418 65,74532,608 97,380 3,945 Required 1. Prepare balance sheets for the business as of December 31, 2016 and 2017. (Hlint: Report only total equity...
[The following information applies to the questions displayed below.] The accounting records of Nettle Distribution show...
[The following information applies to the questions displayed below.] The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2014 and 2015 2014 2015 $53,922 $ 10,324 29,270 22,947 4,617 3,382 41,731 150,970 55,460 64,460 0 184,884 0 46,137 76,950 38,165 0 131,021 December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable NETTLE DISTRIBUTION Balance Sheet December 31, 2014 Assets Liabilities $53,922 Accounts payable Cash Accounts receivable...
[The following information applies to the questions displayed below.) The accounting records of Nettle Distribution show...
[The following information applies to the questions displayed below.) The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2014 and 2015. December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2014 2015 $ 44,178 $ 6,832 23,980 18,801 3,783 2.771 123,689 116.120 45,439 54,439 0151,475 0 37799 63,045 31.269 0 89.274 Late in December 2015, the business purchased a small office building and land for $189,274...
Required information [The following information applies to the questions displayed below.] The accounting records of Nettle...
Required information [The following information applies to the questions displayed below.] The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. December 31 2018 2019 Cash $ 51,084 $ 9,307 Accounts receivable 27,729 21,740 Office supplies 4,374 3,204 Office equipment 134,271 143,024 Trucks 52,542 61,542 Building 0 175,153 Land 0 43,707 Accounts payable 72,900 36,156 Note payable 0 118,860 Required: 1. Prepare balance sheets for the business as of December 31,...
WCUCCICUCULUM Required Information The following information applies to the questions displayed below] The accounting records of...
WCUCCICUCULUM Required Information The following information applies to the questions displayed below] The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. December 31 Cash Accounts receivable Office supplies Office equiptent Trucks Building Land Accounts payable Note payable 2018 $ 64,300 26,240 3,160 44,000 148,000 2019 5 15,640 19,100 1.968 44,00 157,00 80,000 60,000 33,500 40.000 @ 3.500 Required: 1. Prepare balance sheets for the business as of December 31, 2018...
The accounting records of Nettle Distribution show the following assets and liabilities as of December 31,...
The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2016 and 2017 December 31 2016 2017 43,516 $6,595 18,519 2,729 114,379 121,835 53,758 0 149,204 37,233 30,800 86,437 Cash Accounts receivable 23,621 3,726 Office supplies Office equipment Trucks Building Land Accounts payable Note payable 44,758 62,100 NETTLE DISTRIBUTION Balance Sheet December 31, 2016 Assets Liabilities Equity Total equity Total assets 0 Total liabilities and equity NETTLE DISTRIBUTION Balance Sheet December 31, 2016 Assets...
Required information The following information applies to the questions displayed below. The accounting records of Nettle...
Required information The following information applies to the questions displayed below. The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2016 and 2017 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 46,870 7,510 25,007 19,686 2,889 121,093 128,987 47,385 56, 385 8 157,962 0 39,418 65,745 32,608 0 97,380 3,945 3. Compute the 2017 year-end debt ratio for the business. Debt Ratio Choose Denominator: - Debt Ratio...
The accounting records of Nettle Distribution show the following assets and liabilities as of December 31,...
The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. Part 1 of 3 December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2018 $ 43,611 23,672 3,734 114,628 44,855 2019 $ 6,629 18,559 2,735 122,100 53,855 149,529 37,314 30,867 86,843 2.5 points 235 eBook Required: 1. Prepare balance sheets for the business as of December 31, 2018 and 2019. Hint: Report only total...
The accounting records of Nettle Distribution show the following assets and liabilities as of December 31,...
The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. Part 1 of 3 December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2018 $ 43,611 23,672 3,734 114,628 44,855 2019 $ 6,629 18,559 2,735 122,100 53,855 149,529 37,314 30,867 86,843 2.5 points 62,235 eBook Required: 1. Prepare balance sheets for the business as of December 31, 2018 and 2019. Hint: Report only total...
Required information [The following information applies to the questions displayed below.) The accounting records of Nettle...
Required information [The following information applies to the questions displayed below.) The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. December 31 Cash Accounts receivable office supplies office equipment Trucks Building Land Accounts payable Note payable 2018 $ 49,381 26,805 4,228 129,795 50,791 0 0 70, 470 0 2019 $ 8,697 21,015 3,097 138,257 59,791 169, 315 42, 249 34,951 111, 564 2. Compute net income for 2019 by comparing...
Required information The following information applies to the questions displayed below. The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2016 and 2017 s 46,070 7,51 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 25,007 19,606 2,889 121,093 128,987 47,385 56,385 157,962 0 39,418 65,74532,608 97,380 3,945 Required 1. Prepare balance sheets for the business as of December 31, 2016 and 2017. (Hlint: Report only total equity...
[The following information applies to the questions displayed below.] The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2014 and 2015 2014 2015 $53,922 $ 10,324 29,270 22,947 4,617 3,382 41,731 150,970 55,460 64,460 0 184,884 0 46,137 76,950 38,165 0 131,021 December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable NETTLE DISTRIBUTION Balance Sheet December 31, 2014 Assets Liabilities $53,922 Accounts payable Cash Accounts receivable...
[The following information applies to the questions displayed below.) The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2014 and 2015. December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2014 2015 $ 44,178 $ 6,832 23,980 18,801 3,783 2.771 123,689 116.120 45,439 54,439 0151,475 0 37799 63,045 31.269 0 89.274 Late in December 2015, the business purchased a small office building and land for $189,274...
WCUCCICUCULUM Required Information The following information applies to the questions displayed below] The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. December 31 Cash Accounts receivable Office supplies Office equiptent Trucks Building Land Accounts payable Note payable 2018 $ 64,300 26,240 3,160 44,000 148,000 2019 5 15,640 19,100 1.968 44,00 157,00 80,000 60,000 33,500 40.000 @ 3.500 Required: 1. Prepare balance sheets for the business as of December 31, 2018...
The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2016 and 2017 December 31 2016 2017 43,516 $6,595 18,519 2,729 114,379 121,835 53,758 0 149,204 37,233 30,800 86,437 Cash Accounts receivable 23,621 3,726 Office supplies Office equipment Trucks Building Land Accounts payable Note payable 44,758 62,100 NETTLE DISTRIBUTION Balance Sheet December 31, 2016 Assets Liabilities Equity Total equity Total assets 0 Total liabilities and equity NETTLE DISTRIBUTION Balance Sheet December 31, 2016 Assets...
Required information The following information applies to the questions displayed below. The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2016 and 2017 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 46,870 7,510 25,007 19,686 2,889 121,093 128,987 47,385 56, 385 8 157,962 0 39,418 65,745 32,608 0 97,380 3,945 3. Compute the 2017 year-end debt ratio for the business. Debt Ratio Choose Denominator: - Debt Ratio...
The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. Part 1 of 3 December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2018 $ 43,611 23,672 3,734 114,628 44,855 2019 $ 6,629 18,559 2,735 122,100 53,855 149,529 37,314 30,867 86,843 2.5 points 235 eBook Required: 1. Prepare balance sheets for the business as of December 31, 2018 and 2019. Hint: Report only total...
The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. Part 1 of 3 December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2018 $ 43,611 23,672 3,734 114,628 44,855 2019 $ 6,629 18,559 2,735 122,100 53,855 149,529 37,314 30,867 86,843 2.5 points 62,235 eBook Required: 1. Prepare balance sheets for the business as of December 31, 2018 and 2019. Hint: Report only total...
Required information [The following information applies to the questions displayed below.) The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. December 31 Cash Accounts receivable office supplies office equipment Trucks Building Land Accounts payable Note payable 2018 $ 49,381 26,805 4,228 129,795 50,791 0 0 70, 470 0 2019 $ 8,697 21,015 3,097 138,257 59,791 169, 315 42, 249 34,951 111, 564 2. Compute net income for 2019 by comparing...
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