Homework Answers
All the expenses and assets have normal debit balances.
All liabilities revenues and stockholders equity have credit balances.
| New Navy Company | ||
| Trial Balance | ||
| December 31, 2018 | ||
| Balance ( in millions) | ||
| Account Title | Debit | Credit |
| Other liabilities | 3 | |
| Other assets | 23 | |
| Expenses | 26 | |
| Stockholders equity | 5 | |
| Revenues | 38 | |
| Cash | 4 | |
| Account payable | 7 | |
| Total | $53 | $53 |
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38 Other liabilities ....... $ Other assets ...... Expenses .... Stockholders' equity.... 3 Revenues... 23 Cash...
38 Other liabilities .......$ Other assets .......... Expenses ............ Stockholders' equity .... 3 Revenues ......... .......
38 Other liabilities .......$ Other assets .......... Expenses ............ Stockholders' equity .... 3 Revenues ......... .... $ 23 Cash 26 Accounts payable. New Navy Company Trial Balance December 31, 2018 Balance (in millions) Debit Credit Account Title Other assets 26 Expenses Stockholders' equity Revenues Cash Accounts payable Total
i Data Table 39 Other liabilities ........$ Other assets .......... Expenses ............ Stockholders' equity .... 2...
i Data Table 39 Other liabilities ........$ Other assets .......... Expenses ............ Stockholders' equity .... 2 Revenues ............ ..$ 20 Cash. ......... 29 Accounts payable...... 7 Print Print [Done] Done n the input fields and then click Check Answer. Clear All S2-13 (similar to) Question Help mments omework a Quiz/Test Assume that Al Port Company reported the following summarized data at December 31, 2018. Accounts appear in no particular order, dollar amounts are in milions Click the icon to view...
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38 Other liabilities .......$ Other assets .......... Expenses ............ Stockholders' equity .... 3 Revenues ......... .... $ 23 Cash 26 Accounts payable. New Navy Company Trial Balance December 31, 2018 Balance (in millions) Debit Credit Account Title Other assets 26 Expenses Stockholders' equity Revenues Cash Accounts payable Total
i Data Table 39 Other liabilities ........$ Other assets .......... Expenses ............ Stockholders' equity .... 2 Revenues ............ ..$ 20 Cash. ......... 29 Accounts payable...... 7 Print Print [Done] Done n the input fields and then click Check Answer. Clear All S2-13 (similar to) Question Help mments omework a Quiz/Test Assume that Al Port Company reported the following summarized data at December 31, 2018. Accounts appear in no particular order, dollar amounts are in milions Click the icon to view...
Data Table Stockholders' equity, September 30, 2018*..$ 2 Revenues . Accounts payable . $ 31 17 5 Expenses . . . 22 Cash Stockholders' equity does not include the current period net income. Print Done Assume that Old Towne Company reported the following summarized data at September 30, 2018. Accounts appear in no particular order, dollar amounts are in millions 囲click the icon to view the data.) Read the reguremonts Requirement 1. Solve for Cash Requirement 2. Prepare the trial...
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Amounts of the assets and liabilities of Donna O'Dell Realty Company, as of August 31, 2018, are given as follows. Also included are revenue, expense, and selected stockholders' equity figures for the year ended on that date (all amounts in millions): (Click the icon to view the account balances.) (Click the icon to view the balance sheet.) Read the requirements. Requirement 1. Prepare the income statement of Donna O'Dell Realty Company for the year ended August 31, 2018. (Enter all...
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Amounts of the assets and liabilities of Mary Burke Realty Company, as of March 31, 2018, are given as follows. Also included are revenue, expense, and selected stockholders' equity figures for the year ended on that date (all amounts in millions): (Click the icon to view the account balances ) Click the icon to view the balance sheet.) Read the requirements Requirement 1. Prepare the income statement of Mary Burke Realty Company for the...
What's retained earnings.
total stockholders' equity, and total liabilities and stockholders'
equity?
Accounts receivable $3,400 Cash $6.240 Accounts payable 3,700 Supplies 3,780 Interest payable 530 Unearned service revenue 940 Salaries and wages expense 5,400 Service revenue 41,850 Notes payable 32,500 Salaries and wages payable 770 Common stock 55,000 Depreciation expense 740 Inventory 2,810 Equipment (net) 110,600 Using the information above, prepare a balance sheet as of December 31, 2022. (List assets in order of liquidity.) Cullumber Company Balance Sheet December...
On January 1, Year 3, Wayfarer Co.'s assets were $340,000 and its stockholders' equity was $148,000. During the year, assets increased $19,000 and liabilities decreased $18,000. Required: Determine the amount of stockholders' equity at December 31, Year 3. Stockholders' equity The company's total assets are $37.500. The following is a listing of the company's accounts and account balances as of December 31, Year 3. This company doesn't have any other accounts. $ Accounts Payable Accounts Receivable Supplies Equipment Common Stock...
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