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Use the following data $ 57,000 $ 32,000 $255,000 $ 15,000 $ 76,000 Accounts Payable Accounts...
Accounts Payable 57,000 Long-term investments 35,000 Accounts Receivable 32,000 Trademarks 6,000 Building 255,000 Accrued Expenses 9,000...
Accounts Payable 57,000 Long-term investments 35,000 Accounts Receivable 32,000 Trademarks 6,000 Building 255,000 Accrued Expenses 9,000 Cash 15,000 Short-term Notes Payable 35,000 Equipment 76,000 Common Stock 1,000 Retained Earnings Interest Income 2,000 Prepaid Expenses 12,000 Inventory 82,000 Sales 123,000 Dividends paid 25,000 Salary Expense 22,000 Cost of Goods Sold 62,000 Prepare a balance sheet. Accounts Payable 57,000 Long-term investments 35,000 Accounts Receivable 32,000 Trademarks 6,000 Building 255,000 Accrued Expenses 9,000 Cash 15,000 Short-term Notes Payable 35,000 Equipment 76,000 Common Stock...
The following items were taken from the accounting records of a company. Accounts Payable 57,000 Long-term...
The following items were taken from the accounting records of a company. Accounts Payable 57,000 Long-term investments 35,000 Accounts Receivable 32,000 Trademarks 6,000 Building 255,000 Accrued Expenses 9,000 Cash 15,000 Short-term Notes Payable 35,000 Equipment 76,000 Common Stock 1,000 Retained Earnings Interest Income 2,000 Prepaid Expenses 12,000 Inventory 82,000 Sales 123,000 Dividends paid 25,000 Salary Expense 22,000 Cost of Goods Sold 62,000 Prepare a balance sheet. The following items were taken from the accounting records of a company. Accounts Payable...
QUESTION 3: Holy cross Industries perform adjusting entries every month, but close its accounts only at...
QUESTION 3: Holy cross Industries perform adjusting entries every month, but close its accounts only at year end. The Agency’s year -end adjusted Trial Balance dated December 31, 2018, appears below. DATA Accounts Payable 57,000 Accounts Receivable 34,000 Building 255,000 Cash 15,000 Equipment 76,000 Loan from bank 320,000 Prepaid Expenses 12,000 Sales 123,000 Salary Expense 22,000 Utility Expense 8,000 Long-term liability 35,000 Trademarks 6,000 Short-term Notes Payable 44,000 Interest Expenses 4,500 Inventory 82,000 Cost of Goods Sold 62,000 Income Tax...
QUESTION 3: Holy cross Industries perform adjusting entries every month, but close its accounts only at...
QUESTION 3: Holy cross Industries perform adjusting entries every month, but close its accounts only at year end. The Agency’s year –end adjusted Trial Balance dated December 31, 2018, appears below. DATA Accounts Payable 57,000 Accounts Receivable 34,000 Building 255,000 Cash 15,000 Equipment 76,000 Loan from bank 320,000 Prepaid Expenses 12,000 Sales 123,000 Salary Expense 22,000 Utility Expense 8,000 Long-term liability 35,000 Trademarks 6,000 Short-term Notes Payable 44,000 Interest Expenses 4,500 Inventory 82,000 Cost of Goods Sold 62,000 Income Tax...
Use the following data to create a balance sheet: Cash Accounts Payable Revenues Salaries Payable Investments...
Use the following data to create a balance sheet: Cash Accounts Payable Revenues Salaries Payable Investments Interest Earned Common Stock $12.000 $ 22,000 $123,000 $ 4,000 $ 10,000 $ 1,000 $ 5,000 Accounts Receivable Equipment Goodwill Inventory Notes Payable Cost of Goods Sold Supplies $ 33,500 $ 67,000 $ 88,000 $ 29,000 $ 20,000 $ (62,000) $ 1,500 Use the following data to prepare a Statement of Cash Flows: a. cash borrowed from the bank b. cash paid for equipment...
7).. Use the following data to create a P&L: Accounts Receivable Building Cash Salary Expense Accounts...
7).. Use the following data to create a P&L: Accounts Receivable Building Cash Salary Expense Accounts Payable Equipment Supplies Prepaid Expenses Sales Accumulated Deprec- Rent expense 32.000 142,000 15,000 22,000 57,000 76,000 1,000 12,000 123,000 32,000 8,000 Goodwill Accrued Expenses Short-term Notes Payable Cost of Goods Sold Long-term Investments Common Stock Interest Income Inventory Dividends paid Rent Income Depreciation Expense 16.000 9,000 25,000 52,000 25,000 1,000 2.000 82.000 25,000 1,200 3,000 S- Use the following data to prepare a Statement...
1. Based on the following data, what is the amount of working capital? Accounts payable....................$32,000 Accounts...
1. Based on the following data, what is the amount of working capital? Accounts payable....................$32,000 Accounts receivable....................64,000 Accrued liabilities....................7,000 Cash.........................................20,000 Intangible assets............................40,000 Inventory...............................................72,000 Long-term investments...............................100,000 Long-term liabilities.....................................75,000 Marketable securities.................................35,000 Notes payable (short-term)........................20,000 Property, plant, and equipment.................625,000 Prepaid expenses.........................................2,000 WHAT IS WORKING CAPITAL? a. $162,000 b. $134,000 c. $193,000 d. $62,000 2. Use the following data to determine the total dollar amount of assets to be classified as current assets. Cash..............................................$60,000 Prepaid insurance..........................40,000 Accounts receivable......................50,000 Inventory.........................................70,000 Land held for investment................80,000 Land................................................95,000...
Use the following data to create a balance sheet: Accounts Receivable Building Cash Salary Expense Accounts...
Use the following data to create a balance sheet: Accounts Receivable Building Cash Salary Expense Accounts Payable Equipment Retained Earnings Prepaid Expenses Sales Accumulated Deprec- 22,000 142,000 38,000 22,000 37,000 86,000 ?? 2,000 123,000 32,000 Goodwill Accrued Expenses Short-term Notes Payable Cost of Goods Sold Long-term Investments Common Stock Interest Income Inventory Dividends paid Rent Income 16,000 4.000 25,000 52,000 35,000 1,000 2,000 62,000 25,000 1,200 10). Use the following data to create a P&L: $12000 $12,000 $64,000 $53,000 $22,000...
At December 31, 2019, the partial adjusted accounts for Ozark Ltd. included the following: Accounts payable...
At December 31, 2019, the partial adjusted accounts for Ozark Ltd. included the following: Accounts payable Accounts receivable Accumulated depr - Building Accumulated depr - Furniture AFDA Bank loan payable Building Cash Common shares Cost of goods sold (COGS) Dividends $40,000 $95,000 $35,000 $20,000 $9,000 $220,000 $150,000 $45,000 $38,000 $180,000 $10,000 Furniture Income tax expense Income taxes payable Insurance expense Inventory Land Prepaid expenses Retained earnings Salaries payable Unearned revenue Utilities $160,000 $4,000 $17,000 $6,000 $25,000 $370,000 $2,500 $? $3,000...
At December 31, 2019, the partial adjusted accounts for Ozark Ltd. included the following: Accounts payable...
At December 31, 2019, the partial adjusted accounts for Ozark Ltd. included the following: Accounts payable Accounts receivable Accumulated depr - Building Accumulated depr - Furniture AFDA Bank loan payable Building Cash Common shares Cost of goods sold (COGS) Dividends $40,000 $95,000 $35,000 $20,000 $9,000 $220,000 $150,000 $45,000 $38,000 $180,000 $10,000 Furniture Income tax expense Income taxes payable Insurance expense Inventory Land Prepaid expenses Retained earnings Salaries payable Unearned revenue Utilities $160,000 $4,000 $17,000 $6,000 $25,000 $370,000 $2,500 $? $3,000...
Accounts Payable 57,000 Long-term investments 35,000 Accounts Receivable 32,000 Trademarks 6,000 Building 255,000 Accrued Expenses 9,000 Cash 15,000 Short-term Notes Payable 35,000 Equipment 76,000 Common Stock 1,000 Retained Earnings Interest Income 2,000 Prepaid Expenses 12,000 Inventory 82,000 Sales 123,000 Dividends paid 25,000 Salary Expense 22,000 Cost of Goods Sold 62,000 Prepare a balance sheet. Accounts Payable 57,000 Long-term investments 35,000 Accounts Receivable 32,000 Trademarks 6,000 Building 255,000 Accrued Expenses 9,000 Cash 15,000 Short-term Notes Payable 35,000 Equipment 76,000 Common Stock...
The following items were taken from the accounting records of a company. Accounts Payable 57,000 Long-term investments 35,000 Accounts Receivable 32,000 Trademarks 6,000 Building 255,000 Accrued Expenses 9,000 Cash 15,000 Short-term Notes Payable 35,000 Equipment 76,000 Common Stock 1,000 Retained Earnings Interest Income 2,000 Prepaid Expenses 12,000 Inventory 82,000 Sales 123,000 Dividends paid 25,000 Salary Expense 22,000 Cost of Goods Sold 62,000 Prepare a balance sheet. The following items were taken from the accounting records of a company. Accounts Payable...
Use the following data to create a balance sheet: Cash Accounts Payable Revenues Salaries Payable Investments Interest Earned Common Stock $12.000 $ 22,000 $123,000 $ 4,000 $ 10,000 $ 1,000 $ 5,000 Accounts Receivable Equipment Goodwill Inventory Notes Payable Cost of Goods Sold Supplies $ 33,500 $ 67,000 $ 88,000 $ 29,000 $ 20,000 $ (62,000) $ 1,500 Use the following data to prepare a Statement of Cash Flows: a. cash borrowed from the bank b. cash paid for equipment...
7).. Use the following data to create a P&L: Accounts Receivable Building Cash Salary Expense Accounts Payable Equipment Supplies Prepaid Expenses Sales Accumulated Deprec- Rent expense 32.000 142,000 15,000 22,000 57,000 76,000 1,000 12,000 123,000 32,000 8,000 Goodwill Accrued Expenses Short-term Notes Payable Cost of Goods Sold Long-term Investments Common Stock Interest Income Inventory Dividends paid Rent Income Depreciation Expense 16.000 9,000 25,000 52,000 25,000 1,000 2.000 82.000 25,000 1,200 3,000 S- Use the following data to prepare a Statement...
Use the following data to create a balance sheet: Accounts Receivable Building Cash Salary Expense Accounts Payable Equipment Retained Earnings Prepaid Expenses Sales Accumulated Deprec- 22,000 142,000 38,000 22,000 37,000 86,000 ?? 2,000 123,000 32,000 Goodwill Accrued Expenses Short-term Notes Payable Cost of Goods Sold Long-term Investments Common Stock Interest Income Inventory Dividends paid Rent Income 16,000 4.000 25,000 52,000 35,000 1,000 2,000 62,000 25,000 1,200 10). Use the following data to create a P&L: $12000 $12,000 $64,000 $53,000 $22,000...
At December 31, 2019, the partial adjusted accounts for Ozark Ltd. included the following: Accounts payable Accounts receivable Accumulated depr - Building Accumulated depr - Furniture AFDA Bank loan payable Building Cash Common shares Cost of goods sold (COGS) Dividends $40,000 $95,000 $35,000 $20,000 $9,000 $220,000 $150,000 $45,000 $38,000 $180,000 $10,000 Furniture Income tax expense Income taxes payable Insurance expense Inventory Land Prepaid expenses Retained earnings Salaries payable Unearned revenue Utilities $160,000 $4,000 $17,000 $6,000 $25,000 $370,000 $2,500 $? $3,000...
At December 31, 2019, the partial adjusted accounts for Ozark Ltd. included the following: Accounts payable Accounts receivable Accumulated depr - Building Accumulated depr - Furniture AFDA Bank loan payable Building Cash Common shares Cost of goods sold (COGS) Dividends $40,000 $95,000 $35,000 $20,000 $9,000 $220,000 $150,000 $45,000 $38,000 $180,000 $10,000 Furniture Income tax expense Income taxes payable Insurance expense Inventory Land Prepaid expenses Retained earnings Salaries payable Unearned revenue Utilities $160,000 $4,000 $17,000 $6,000 $25,000 $370,000 $2,500 $? $3,000...
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