Question

- X Data Table 1 $ 66,000 Accounts receivable Petty cash 700 18,000 Cash in bank accounts 85,800 Inventory Print Done
Prepare the current assets section of the balance sheet as of May 31, 2018, for Amazing Soup, Inc., using the following infor
0 0
Add a comment Improve this question Transcribed image text
Answer #1
ASSETS
Current assets
Cash at Bank 18000
Account receivable 66000
Inventory 85800
Total Current assets 169800
Add a comment
Know the answer?
Add Answer to:
- X Data Table 1 $ 66,000 Accounts receivable Petty cash 700 18,000 Cash in bank...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Prepare the current assets section of the balance sheet as of May 31, 2018, for Spices...

    Prepare the current assets section of the balance sheet as of May 31, 2018, for Spices and More, Inc., using the following information: (Click the icon to view the information.) ASSETS Current assets: Choose from any list or enter any number in the input fields and then continue to the next question. i Data Table s section , Inc., us the infor Accounts receivable.. 54,200 Petty cash Cash in bank accounts. ...21,400 Inventory. 300 ETS 85,800 uestio nter any Print...

  • meet as of May 31, 2018, for Spices and More, Inc., using the following in -...

    meet as of May 31, 2018, for Spices and More, Inc., using the following in - X iData Table S 54,200 Accounts receivable Petty cash 300 21,400 Cash in bank accounts 85,800 Inventory Done Print in the input fields and then continue to the next question. Prepare the current assets section of the balance sheet as of May 31, 2018, for Spices and More, Inc., using the following information: EE(Click the icon to view the information.) ASSETS Current assets: Total...

  • of the balance sheet as of March 31, 2018, for Wholesale Food, Inc., using the following...

    of the balance sheet as of March 31, 2018, for Wholesale Food, Inc., using the following information: mation.) i Data Table Accounts receivable66,000 Petty cash Cash in bank accounts 23,000 Inventory 100 Print Done number in the input fields and then continue to the next question. 12 Prepare the current assets section of the balance sheet as of March 31, 2018, for Wholesale Food, Inc., using the following information: 囲 (click the icon to view the information.) ASSETS Current assets:...

  • S4-12 (similar to) The accounting records for Bob's Auto Parts, Inc., reflected the following amounts at...

    S4-12 (similar to) The accounting records for Bob's Auto Parts, Inc., reflected the following amounts at the end of May 2018. B! (Click the icon to view the accounts.) Prepare the classified balance sheet for Bob's Auto Parts, Inc., at May 31, 2018. Use the report format. Begin by preparing the heading and completing the assets section of the balance sheet. Next, complete the liabilities and stockholders' equity sections of the statement. Bob's Auto Parts, Inc. Balance Sheet May 31,...

  • 2 of 3 (0 complete) X i Data Table O'Malley Office Machines, Inc. sh 2017 December...

    2 of 3 (0 complete) X i Data Table O'Malley Office Machines, Inc. sh 2017 December 31 2018 Current assets: fo Cash and cash equivalents... 83,400 $ 21,000 69,100 Accounts receivable 64,700 83,800 79,200 Inventory Current liabilities: $ 58,800 $ 55,700 Accounts payable Income tax payable. 13,900 17,100 Print Done 2 of 3 (0 complete) Data Table Transaction Data for 2018 Net income $57,800 Purchase of treasury stock 14,900 Issuance of common stock for cash 41,000 Loss on sale of...

  • The accounting records for Baby's Place, Inc., reflected the following amounts at the end of December...

    The accounting records for Baby's Place, Inc., reflected the following amounts at the end of December 2018 (Click the icon to view the accounts.) Prepare the classified balance sheet for Baby's Place, Inc., at December 31, 2018. Use the report format Begin by preparing the heading and completing the assets section of the balance sheet. Next, complete the liabilities and stockholders' equity sections of the statement Baby's Place, Inc. Balance Sheet December 31, 2018 Assets Current Assets Liabilities Current Liabilities...

  • * Data Table Root Medical Supply, Inc., reported the following financial statements for 2018: E (Click...

    * Data Table Root Medical Supply, Inc., reported the following financial statements for 2018: E (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Use the information in Root Medical Supply, Inc.'s financial statements to compute the following: 1. Collections from customers 2. Payments for inventory 1. Compute the collections from customers. Assets 2018 2017 Select the formula needed to determine this amount and then enter the amounts to calculate the collections from...

  • Data Table 2014 2013 2012 ASSETS Current Assets Cash $ $ Accounts receivable Inventory Other current...

    Data Table 2014 2013 2012 ASSETS Current Assets Cash $ $ Accounts receivable Inventory Other current assets Barron Pizza, Inc. Balance Sheet as of December 31, 2012, 2013, and 2014 ($ in thousands) 2014 2013 2012 LIABILITIES Current liabilities 7,010 $ 9,387 $ 17,662 Accounts payable 26,604 $ $ 25,881 Short-term debt 16,394 $ 12,595 Total current liabilities 11,504 $ 10,814 Long-term debt 62,401 $ 57,485 $ 65,181 Other liabilities 19,125 $ $ 20,977 Total liabilities OWNERS' EQUITY 203,828 $...

  • The comparative balance sheet for Majestic Travel Services, Inc., for December 31, 2017 and 2016, is...

    The comparative balance sheet for Majestic Travel Services, Inc., for December 31, 2017 and 2016, is as follows: (dlick the icon to view the comparative balance sheet.) The following information is taken from the records of Majestic Travel Services, Inc. (Click the icon to view the transaction data.) Prepare the statement of cash flows (indirect method) for Majestic Travel Services, Inc., for 2017 Prepare the statement one section at a time. (Use parentheses or a minus sign for numbers to...

  • i Data Table X filiation follo tional infor Cash Payments Check No. Cash Credit Cash Receipts...

    i Data Table X filiation follo tional infor Cash Payments Check No. Cash Credit Cash Receipts Date Cash Debit Dec. 4 $ 4.150 500 1416 200 1870 Print | Done Done Data Table ollow: formation.) 13.900 Bank Statement for December Beginning Balance Deposits and other Credits: Dec. 200 Dec. 4.150 500 560 Dec. 2,050 Dec 22 Checks and other Debits. Dec. NSF 1 100 Dec Dec o es 1.700 100 Print Done i Data Table pllow: formation.) Dec. NSF 11...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT