Homework Answers
a.
Ans:
Formula
Liabilities=total assets-Equity
=860,000-500,000=$360,000
b.
if liabilities and equity amount having equal amounts to each other= i.e in the ratio of 1:1 so total 2
So
Formula
Total Assets/2=$660,000/2=$330,000
Hence
Liabilities =$330,000
Equity=$330,000
Add Answer to:
S 1-7 Applying the accounting equation LO A1 a. Total assets of Charter Company equal $860,000...
2. Total assets of Charter Company equal $750,000 and its equity is $445,000. What is the...
2. Total assets of Charter Company equal $750,000 and its equity is $445,000. What is the amount of its liabilities? b. Total assets of Martin Marine equal $550,000 and its liabilities and equity amounts are equal to each other. What is the amount of its liabilities? What is the amount of its equity? Liabilities Equity 445,000 a Assets 750.000 - 550,000 5 5 $ b
1. Applying the accounting equation (15 points) a. Total assets of Charter Company equal $700,000 and...
1. Applying the accounting equation (15 points) a. Total assets of Charter Company equal $700,000 and its equity is $420,000. What is the amount of its liabilities? b. Total assets of Martin Marine equal $500,000 and its liabilities and equity amounts are equal. What is the amount of its liabilities? What is the amount of its equity? 2. Identifying Financial Statements (10 points) Indicate in which financial statement each item would most likely appear: income statement (I), balance sheet (B),...
QS 1-8 Applying the accounting equation LO A1 1. Use the accounting equation to compute the...
QS 1-8 Applying the accounting equation LO A1 1. Use the accounting equation to compute the missing financial statement amounts. 2. Use the expanded accounting equation to compute the missing financial statement amounts. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the expanded accounting equation to compute the missing financial statement amounts. Assets Company Revenues Equity Dividends S - $ Liabilities • $ 17,500 - S 33,500 - Common Stock - 5...
QS 1-8 Applying the accounting equation LO A1 1. Use the accounting equation to compute the...
QS 1-8 Applying the accounting equation LO A1 1. Use the accounting equation to compute the missing financial statement amounts. pany Assets LiabilitiesEquity S 92,000 S 48,500 S 33,500 87,000 $ 119,000S 37,000 2. Use the expanded accounting equation to compute the missing financial statement amounts Revenues Expenses Liabilities Owner, Capital $ 24,500$ 37,000$ Assets 16,500 $ 74,000 $41,000 26,500 2 S 112,300S4 40,500s 61,000
Check my work QS 1-8 Applying the accounting equation LO A1 1. Use the accounting equation...
Check my work QS 1-8 Applying the accounting equation LO A1 1. Use the accounting equation to compute the missing financial statement amounts. 41,000 26,000| +|S 72,000 77,000 =IS $ 89,00022,000 2. Use the expanded accounting equation to compute the missing financial statement amounts AssetsLiabilities + $ 44,00017,00022,000-S S 83,800 S 33,000 46,000 ny -Dividends+RevenuesExpenses 9,000 26,000 19.000 < Prev 20, 12 Next > sling
Required information Exercise 1-9 Using the accounting equation LO A1 [The following information applies to the...
Required information Exercise 1-9 Using the accounting equation LO A1 [The following information applies to the questions displayed below.) Answer the following questions. Hint: Use the accounting equation. Exercise 1-9 Part b b. Office Store Co. has assets equal to $237.000 and liabilities equal to $202,000 at year-end. What is the equity for Office Store Co. at year-end? Equity $ Assets = 237,000 - Liabilities - $ 202,000 + < Prey 3 4 of 10 Next >
of 3 Required information Exercise 1-9 Using the accounting equation LO A1 [The following information applies...
of 3 Required information Exercise 1-9 Using the accounting equation LO A1 [The following information applies to the questions displayed below.) Answer the following questions. Hint: Use the accounting equation Exercise 1-9 Part a erences a. At the beginning of the year, Addison Company's assets are $203,000 and its equity is $152.250. During the year, assets increase $80,000 and liabilities increase $42,000. What is the equity at year-end? Equity $ S Liabilities + + 42.000 + Beginning Change Ending 152.250...
Required information Exercise 1-9 Using the accounting equation LO A1 The following information applies to the...
Required information Exercise 1-9 Using the accounting equation LO A1 The following information applies to the questions displayed below.) Answer the following questions. Hint: Use the accounting equation. Exercise 1-9 Part a a. At the beginning of the year, Addison Company's assets are $255,000 and its equity is $191,250. During the year, assets increase $80,000 and liabilities increase $56,000. What is the equity at year-end? S Assets - 255,000 - 80,000 - Equity 191,250 Liabilities 1. 56,000 Beginning Change Ending...
1. Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities + Owner's...
1. Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities + Owner's Equity (a) $90,000 $50,000 (b) ? $44,000 $70,000 (c) $94,000 $53,000 1. Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities + Owner's Equity (a) $90,000 $50,000 ? (b) ? $44,000 $70,000 (e) $94,000 ? $53,000 2. Given the accounting equation, answer each of the following questions. (a) The liabilities of Weber Company are $120,000 and the owner's equity is...
Brief Exercise 1-01 Presented below is the basic accounting equation. Determine the missing amounts. = Assets...
Brief Exercise 1-01 Presented below is the basic accounting equation. Determine the missing amounts. = Assets $78,000 + Stockholders' Equity Liabilities $50,000 (a) (b) s. $45,000 $70,000 $94,000 $60,000 Click if you would like to Show Work for this question: Modify Show Work LINK TO TEXT Given the accounting equation, answer each of the following questions. (a) The liabilities of Holland Company are $120,000 and its stockholders' equity is $232,000. What is the amount of Holland Company's total assets? Total...
2. Total assets of Charter Company equal $750,000 and its equity is $445,000. What is the amount of its liabilities? b. Total assets of Martin Marine equal $550,000 and its liabilities and equity amounts are equal to each other. What is the amount of its liabilities? What is the amount of its equity? Liabilities Equity 445,000 a Assets 750.000 - 550,000 5 5 $ b
QS 1-8 Applying the accounting equation LO A1 1. Use the accounting equation to compute the missing financial statement amounts. 2. Use the expanded accounting equation to compute the missing financial statement amounts. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the expanded accounting equation to compute the missing financial statement amounts. Assets Company Revenues Equity Dividends S - $ Liabilities • $ 17,500 - S 33,500 - Common Stock - 5...
QS 1-8 Applying the accounting equation LO A1 1. Use the accounting equation to compute the missing financial statement amounts. pany Assets LiabilitiesEquity S 92,000 S 48,500 S 33,500 87,000 $ 119,000S 37,000 2. Use the expanded accounting equation to compute the missing financial statement amounts Revenues Expenses Liabilities Owner, Capital $ 24,500$ 37,000$ Assets 16,500 $ 74,000 $41,000 26,500 2 S 112,300S4 40,500s 61,000
Check my work QS 1-8 Applying the accounting equation LO A1 1. Use the accounting equation to compute the missing financial statement amounts. 41,000 26,000| +|S 72,000 77,000 =IS $ 89,00022,000 2. Use the expanded accounting equation to compute the missing financial statement amounts AssetsLiabilities + $ 44,00017,00022,000-S S 83,800 S 33,000 46,000 ny -Dividends+RevenuesExpenses 9,000 26,000 19.000 < Prev 20, 12 Next > sling
Required information Exercise 1-9 Using the accounting equation LO A1 [The following information applies to the questions displayed below.) Answer the following questions. Hint: Use the accounting equation. Exercise 1-9 Part b b. Office Store Co. has assets equal to $237.000 and liabilities equal to $202,000 at year-end. What is the equity for Office Store Co. at year-end? Equity $ Assets = 237,000 - Liabilities - $ 202,000 + < Prey 3 4 of 10 Next >
of 3 Required information Exercise 1-9 Using the accounting equation LO A1 [The following information applies to the questions displayed below.) Answer the following questions. Hint: Use the accounting equation Exercise 1-9 Part a erences a. At the beginning of the year, Addison Company's assets are $203,000 and its equity is $152.250. During the year, assets increase $80,000 and liabilities increase $42,000. What is the equity at year-end? Equity $ S Liabilities + + 42.000 + Beginning Change Ending 152.250...
Required information Exercise 1-9 Using the accounting equation LO A1 The following information applies to the questions displayed below.) Answer the following questions. Hint: Use the accounting equation. Exercise 1-9 Part a a. At the beginning of the year, Addison Company's assets are $255,000 and its equity is $191,250. During the year, assets increase $80,000 and liabilities increase $56,000. What is the equity at year-end? S Assets - 255,000 - 80,000 - Equity 191,250 Liabilities 1. 56,000 Beginning Change Ending...
1. Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities + Owner's Equity (a) $90,000 $50,000 (b) ? $44,000 $70,000 (c) $94,000 $53,000 1. Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities + Owner's Equity (a) $90,000 $50,000 ? (b) ? $44,000 $70,000 (e) $94,000 ? $53,000 2. Given the accounting equation, answer each of the following questions. (a) The liabilities of Weber Company are $120,000 and the owner's equity is...
Brief Exercise 1-01 Presented below is the basic accounting equation. Determine the missing amounts. = Assets $78,000 + Stockholders' Equity Liabilities $50,000 (a) (b) s. $45,000 $70,000 $94,000 $60,000 Click if you would like to Show Work for this question: Modify Show Work LINK TO TEXT Given the accounting equation, answer each of the following questions. (a) The liabilities of Holland Company are $120,000 and its stockholders' equity is $232,000. What is the amount of Holland Company's total assets? Total...
Most questions answered within 3 hours.
-
Write a program to solve the Josephus problem, with the following
modification:
Sample Input:
./a.out n...
asked 2 hours ago -
At the start of a CD it is spinning at a rate of 525 rpm
(revolutions...
asked 2 hours ago -
4. Without doing any calculations, predict whether the observed
∆T would increase, decrease or remain the...
asked 4 hours ago -
Based on the range, which of the following sets of scores has
the greatest variability? 3,...
asked 5 hours ago -
Ripples in a pond travel at a velocity of 3 m/s with one peak
passing a...
asked 5 hours ago -
A man stands on the roof of a building of height 13.0 mm and
throws a...
asked 5 hours ago -
The extent to which assets are financed by borrowed funds and
other liabilities is indicated by:...
asked 6 hours ago -
Explain in detail
Germany is the fifth largest economy
explain what goods and services Germany specializes...
asked 6 hours ago -
The density of platinum is 21.45 g/mL. If a cube of platinum
with a mass of...
asked 6 hours ago -
Accounts Receivable
Sales
A/R Posting
Extended Sales Invoice
Packing Slip
Compare invoice to packing slip 2...
asked 6 hours ago -
Michaella, age 23, is a full-time law student and is claimed by
her parents as a...
asked 6 hours ago -
Why are polymers not typically casted into products?
asked 6 hours ago