what are the types of accounts that fall into : liabilities, Owners equity and assets ?
Homework Answers
The accounts included in liabilities are the amount which are not yet paid till year end. These accounts include accounts payable, notes payable, mortgage payable, long term debt, expenses payable, dividend payable and similar other amount accrued but not yet paid.
The accounts included in owners equity include the amount contributed by shareholders when shares are issued by company. It also includes internally generated capital in the form of retained earnings. These accounts include common stock, preferred stock, additional paid in capital, retained earnings.
The account included in assets are the amount which is invested in purchase of tangible and intangible fixed assets and also the amount which is receivable by company. Accounts included in current assets like cash, accounts receivable, notes receivable, inventory, prepaid expenses, non-current assets like long term investment in bonds and shares, fixed assets like equipment, building, intangible assets like patent, goodwill and similar assets.
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what are the types of accounts that fall into : liabilities, Owners
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JUST DEW IT CORPORATION . 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017...
JUST DEW IT CORPORATION . 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities $ 39,040 48,720 17,280 $ 4,000 11.280 20,400 90,480 $80,800 122,160 Cash Accounts Accounts payable Notes payable 14,880 12,960 receivable Inventory 61,920 Total $52.000 66,000 $ 48,000 36,000 Total Long-term debt Owners' equity surplus Common stock and paid-in $60,000 60,000 160,000 318,000 $220,000 $378.000 Total liabilities and owners' $320,000 $480,000 Retained earnings Net plant and equipment $239,200...
Claims to economic resources” are known as Assets and liabilities Liabilities and stockholders’ equity Owners’ equity...
Claims to economic resources” are known as Assets and liabilities Liabilities and stockholders’ equity Owners’ equity and stockholders’ equity Retained earnings and revenues
JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners’ Equity 2017 2018...
JUST DEW IT CORPORATION 2017 and 2018 Balance
Sheets
Assets
Liabilities and Owners’ Equity
2017
2018
2017
2018
Current assets
Current liabilities
Cash
$
11,250
$
19,440
Accounts payable
$
30,600
$
49,200
Accounts receivable
11,850
16,080
Notes payable
24,900
31,200
Inventory
39,150
60,240
Total
$
62,250
$
95,760
Total
$
55,500
$
80,400
Long-term debt
$
27,000
$
24,000
Owners’ equity
Common stock and paid-in
surplus
$
48,000
$
48,000
Retained earnings
169,500
327,600
Net plant and equipment
$...
JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners’ Equity 2017 2018...
JUST DEW IT CORPORATION
2017 and 2018 Balance Sheets
Assets
Liabilities and Owners’ Equity
2017
2018
2017
2018
Current assets
Current liabilities
Cash
$
6,600
$
12,750
Accounts payable
$
50,000
$
68,750
Accounts receivable
12,200
14,250
Notes payable
19,000
35,500
Inventory
78,200
95,250
Total
$
97,000
$
122,250
Total
$
69,000
$
104,250
Long-term debt
$
48,000
$
45,000
Owners’ equity
Common stock and paid-in
surplus
$
50,000
$
50,000
Retained earnings
233,000
300,750
Net plant and equipment
$...
SCOTT, INC. Balance Sheet as of December 31, 2019 Assets Liabilities and Owners' Equity Current assets...
SCOTT, INC. Balance Sheet as of December 31, 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 20,640 Accounts payable $ 54,800 Accounts receivable 43,580 Notes payable 14,000 Inventory 91,960 Total $ 68,800 Total $ 156,180 Long-term debt $ 130,000 Fixed assets Net plant and equipment $423,000 Owners' equity Common stock and paid-in $114.500 surplus Retained earnings 265,880 Total $380,380 Total assets $ 579,180 Total liabilities and owners' equity $ 579,180 If the firm is operating at...
$ 347,270 365,444$ 387,315 TOTAL ASSETS omplete the table below for the liabilities and owners equity...
$ 347,270 365,444$ 387,315 TOTAL ASSETS omplete the table below for the liabilities and owners equity part of the balance shee Barron Pizza, Inc. Balance Sheet as of December 31, 2012, 2013, and 2014 (S in thousands) 2014 2013 2012 LIABILITIES Current liabilities Accounts payable nuom debt Total current liabilities Long-term debt Other liabilities Total liabilities OWNERS' EQUITY Common stock Retained earnings s 74,336 s 66,280 135 1361 $ 80,850|$ 60,986 $ |$ 74,630|$L 185,031 28,953 20,149 187,901| $ 243,445|$[...
Assets Liabilities and Owners' Equity 2014 2015 2014 2015 Current Assets 1,000.00 $1,089.00 Current Liabilities $402.00...
Assets Liabilities and Owners' Equity 2014 2015 2014 2015 Current Assets 1,000.00 $1,089.00 Current Liabilities $402.00 $451.00 Net Fixed Assets 4,144.00 $4,990.00Long-term Debt $2,190.00 $2,329.00 Income Statement 2015 12,751.00 $5,946.00 Depreciation1,136.00 Interest Paid$323.00 Sales Costs 1, What is owners' equity for 2014 and 2015? 2. What is the change in net working capital for 2015? 3, Assume that the company purchased $2,080 in new fixed assets in 2015, Assume the tax rate is 35% o How much in fixed assets...
JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018...
JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash Accounts $ 40,000 41,800 21,600 $ 13,280 $14,600 19,200 51,000 $ 63,200 $84,800 Accounts payable Notes payable 7,520 14,240 receivable Inventory 42,400 Total Total $ 54,240 63,400o Long-term debt 32,000 24,000 Owners' equity Common stock and paid-in $ 40,000 40,000 surplus 272,600 $233,760 312,600 Total liabilities and owners $320,000 $400,000 Retained earnings 193,760 Net plant and equipment...
Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity...
Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities 9,800 Accounts payable $ 48,000 14,200 Notes payable 10,350 75,800 Current assets Cash Accounts receivable Inventory $ $ 49,800 18,600 $ 4,350 11,550 58,350 $ 74,250 Total $ 99,800 Total $ 58,350 $ 68,400 Long-term debt $ 42,000 $ 34,000 Owners' equity Common stock and paid-in $45.000 surplus Retained earnings 154,650 $ 45,000 252,600 Net plant and equipment $225,750 $300,200...
2018 2019 Assets Current assets Cash Accounts receivable Inventory 2018 2019 Liabilities and Owners' Equity Current...
2018 2019 Assets Current assets Cash Accounts receivable Inventory 2018 2019 Liabilities and Owners' Equity Current liabilities Accounts payable $500 $ 700 Notes payable 900 700 $ 500 $1,000 500 400 900 600 Total $ 1.900 $2,000 Total $ 1,400 $ 1,400 $ 400 $ 600 Long-term debt Owners' equity Common stock Accumulated retained earnings $ 600 $ 621 Fixed assets $ 500 $ 579 Net plant and equipment $1,000 $ 1,200 Total $ 1,100 $ 1200 Total assets $2,900...
JUST DEW IT CORPORATION . 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities $ 39,040 48,720 17,280 $ 4,000 11.280 20,400 90,480 $80,800 122,160 Cash Accounts Accounts payable Notes payable 14,880 12,960 receivable Inventory 61,920 Total $52.000 66,000 $ 48,000 36,000 Total Long-term debt Owners' equity surplus Common stock and paid-in $60,000 60,000 160,000 318,000 $220,000 $378.000 Total liabilities and owners' $320,000 $480,000 Retained earnings Net plant and equipment $239,200...
JUST DEW IT CORPORATION 2017 and 2018 Balance
Sheets
Assets
Liabilities and Owners’ Equity
2017
2018
2017
2018
Current assets
Current liabilities
Cash
$
11,250
$
19,440
Accounts payable
$
30,600
$
49,200
Accounts receivable
11,850
16,080
Notes payable
24,900
31,200
Inventory
39,150
60,240
Total
$
62,250
$
95,760
Total
$
55,500
$
80,400
Long-term debt
$
27,000
$
24,000
Owners’ equity
Common stock and paid-in
surplus
$
48,000
$
48,000
Retained earnings
169,500
327,600
Net plant and equipment
$...
JUST DEW IT CORPORATION
2017 and 2018 Balance Sheets
Assets
Liabilities and Owners’ Equity
2017
2018
2017
2018
Current assets
Current liabilities
Cash
$
6,600
$
12,750
Accounts payable
$
50,000
$
68,750
Accounts receivable
12,200
14,250
Notes payable
19,000
35,500
Inventory
78,200
95,250
Total
$
97,000
$
122,250
Total
$
69,000
$
104,250
Long-term debt
$
48,000
$
45,000
Owners’ equity
Common stock and paid-in
surplus
$
50,000
$
50,000
Retained earnings
233,000
300,750
Net plant and equipment
$...
SCOTT, INC. Balance Sheet as of December 31, 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 20,640 Accounts payable $ 54,800 Accounts receivable 43,580 Notes payable 14,000 Inventory 91,960 Total $ 68,800 Total $ 156,180 Long-term debt $ 130,000 Fixed assets Net plant and equipment $423,000 Owners' equity Common stock and paid-in $114.500 surplus Retained earnings 265,880 Total $380,380 Total assets $ 579,180 Total liabilities and owners' equity $ 579,180 If the firm is operating at...
$ 347,270 365,444$ 387,315 TOTAL ASSETS omplete the table below for the liabilities and owners equity part of the balance shee Barron Pizza, Inc. Balance Sheet as of December 31, 2012, 2013, and 2014 (S in thousands) 2014 2013 2012 LIABILITIES Current liabilities Accounts payable nuom debt Total current liabilities Long-term debt Other liabilities Total liabilities OWNERS' EQUITY Common stock Retained earnings s 74,336 s 66,280 135 1361 $ 80,850|$ 60,986 $ |$ 74,630|$L 185,031 28,953 20,149 187,901| $ 243,445|$[...
Assets Liabilities and Owners' Equity 2014 2015 2014 2015 Current Assets 1,000.00 $1,089.00 Current Liabilities $402.00 $451.00 Net Fixed Assets 4,144.00 $4,990.00Long-term Debt $2,190.00 $2,329.00 Income Statement 2015 12,751.00 $5,946.00 Depreciation1,136.00 Interest Paid$323.00 Sales Costs 1, What is owners' equity for 2014 and 2015? 2. What is the change in net working capital for 2015? 3, Assume that the company purchased $2,080 in new fixed assets in 2015, Assume the tax rate is 35% o How much in fixed assets...
JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash Accounts $ 40,000 41,800 21,600 $ 13,280 $14,600 19,200 51,000 $ 63,200 $84,800 Accounts payable Notes payable 7,520 14,240 receivable Inventory 42,400 Total Total $ 54,240 63,400o Long-term debt 32,000 24,000 Owners' equity Common stock and paid-in $ 40,000 40,000 surplus 272,600 $233,760 312,600 Total liabilities and owners $320,000 $400,000 Retained earnings 193,760 Net plant and equipment...
Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities 9,800 Accounts payable $ 48,000 14,200 Notes payable 10,350 75,800 Current assets Cash Accounts receivable Inventory $ $ 49,800 18,600 $ 4,350 11,550 58,350 $ 74,250 Total $ 99,800 Total $ 58,350 $ 68,400 Long-term debt $ 42,000 $ 34,000 Owners' equity Common stock and paid-in $45.000 surplus Retained earnings 154,650 $ 45,000 252,600 Net plant and equipment $225,750 $300,200...
2018 2019 Assets Current assets Cash Accounts receivable Inventory 2018 2019 Liabilities and Owners' Equity Current liabilities Accounts payable $500 $ 700 Notes payable 900 700 $ 500 $1,000 500 400 900 600 Total $ 1.900 $2,000 Total $ 1,400 $ 1,400 $ 400 $ 600 Long-term debt Owners' equity Common stock Accumulated retained earnings $ 600 $ 621 Fixed assets $ 500 $ 579 Net plant and equipment $1,000 $ 1,200 Total $ 1,100 $ 1200 Total assets $2,900...
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