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Consider the following account balances of Evan McGruder, Inc., as of December 31, Year 3. Accounts...
Consider the following account balances of Evan McGruder, Inc., as of December 31, Year 3: Accounts...
Consider the following account balances of Evan McGruder, Inc., as of December 31, Year 3: Accounts Payable $117,568 Equipment 422,000 Common Stock 202,000 Income Tax Payable 3,940 Retained Earnings 55,100 Notes Payable, due Year 5 343,600 Accounts Receivable 2 02,900 Cash 97,300 Required: Prepare a classified balance sheet at June 30. Year 3. EVAN MCGRUDER. INC. Balance Sheet Physio EVAN MCGRUDER, INC. Balance Sheet < Prev 5.5 ili GORA
Consider the following account balances of Evan McGruder, Inc., as of December 31, Year 3: Accounts...
Consider the following account balances of Evan McGruder, Inc., as of December 31, Year 3: Accounts Payable $116,180 Equipment 422,300 Common Stock 203,500 Income Tax Payable 3,970 Retained Earnings 55,400 Notes Payable, due Year 5 343,900 Accounts Receivable 203, 200 Cash 97,450 Required: Prepare a classified balance sheet at December 31, Year 3. EVAN MCGRUDER, INC. Balance Sheet The following is a list of account balances for Pick-A-Pet, Inc., as of June 30, Year 3: Accounts Payable Accounts Receivable Cash...
The following is a list of account balances for Pick-A-Pet, Inc., as of June 30, Year...
The following is a list of account balances for Pick-A-Pet, Inc., as of June 30, Year 3. Accounts Payable Accounts Receivable Cash Common Stock Equipment Logo and Trademarks Long-term Notes Payable Retained Eamings Software $ 369,600 84,000 741,100 687,600 61,800 425,000 270,600 119,600 135,500 The company entered into the following transactions during July, Year 3. Stockholders contribute $470.000 cash for additional ownership shares and the company borrows $235,000 in cash from a bank to buy new equipment by signing a...
Bartowski Enterprises, Inc. Account balances as of the year ended 12/31/17 Accounts payable 22000 Accounts...
Bartowski Enterprises, Inc. Account balances as of the year ended 12/31/17 Accounts payable 22000 Accounts receivable 35000 Accumulated depreciation 45000 Advertising expense 6100 Cash 30000 Common stock 20000 Cost of goods sold 120000 Depreciation expense 2000 Dividends 40000 Equipment 100000 Insurance expense 4800 Interest expense 4000 Inventory 14600 Miscellaneous expense 1500 Note payable 50000 Payroll tax expense 5000 Payroll taxes payable 800 Prepaid insurance 2000 Rent expense 12000 Retained earnings, January 1 39500 Salaries expense 50000 Salaries payable 4000...
The trial balance for K and J Nursery, Inc., listed the following account balances at December...
The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2021, the end of its fiscal year: cash, $26,000; accounts receivable, $21,000; inventory, $35,000; equipment (net). $90,000; accounts payable, $24,000; salaries payable, $10,000; interest payable, $6,000; notes payable (due in 18 months), $40,000; common stock, $70,000. Determine the year-end balance in retained earnings for K and J Nursery, Inc. Retained earnings
The trial balance for K and J Nursery, Inc., listed the following account balances at December...
The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2021, the end of its fiscal year, cash, $25,000; accounts receivable, $20,000; inventory, $34,000, equipment (net). $89,000; accounts payable, $23,000, salaries payable, $9,500; interest payable, $5,500; notes payable (due in 18 months), $39.000, common stock, $68,000. Determine the year-end balance in retained earnings for K and J Nursery, Inc. Retained earnings
The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics...
The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation. Account Title Debits Credits Cash 85,000 Short-term investments 200,000 Accounts receivable 141,000 Long-term investments 44,000 Inventory 224,000 Receivables from employees 49,000 Prepaid expenses (for 2022) 25,000 Land 289,000 Building 1,640,000 Equipment 646,000 Patent (net) 161,000 Franchise (net) 49,000 Notes receivable 295,000 Interest receivable 21,000 Accumulated depreciation—building 629,000 Accumulated depreciation—equipment 219,000 Accounts payable 198,000 Dividends payable (payable on 1/16/2022) 19,000 Interest payable 25,000 Income...
TER 3 ASSIGNMENT J Nursery, Inc, listed the following account balances at December 31 2018, the...
TER 3 ASSIGNMENT J Nursery, Inc, listed the following account balances at December 31 2018, the end of ts fiscal year cash, The trial balance for K and $16,000, accounts receivable, $11000, inventories, $25,000 equipment (net), $80000, accounts payable. $14.000: wages payable $9,000, nterest payable, $1,000, note payable (due in 18 months), $30000, common stock $50,000 Prepare a classified balance sheet for K and J Nursery, Inc The equipment originaly cost $140,000 (Amounts to be deducted should be indicated by...
The following information is for Evan Inc. as of 12/31/20xx Partial Unadjusted Trial Balance: Accounts Normal...
The following information is for Evan Inc. as of 12/31/20xx Partial Unadjusted Trial Balance: Accounts Normal Balance Notes Payable $20,000 Equipment $80,000 Prepaid Rent $10,658 Inventory $9,000 Common Stock $10,2 Supplies $40,000 Deferred Revenue $10,193 Retained Earnings $35,000 What is the total dollar ($) amount of Liability Accounts assuming the accounts above reflect normal balances?
The following is the ending balances of accounts at December 31, 2018 for the Vosburgh Electronics...
The following is the ending balances of accounts at December 31, 2018 for the Vosburgh Electronics Corporation. Account Title Debits Credits Cash 97,000 Short-term investments 212,000 Accounts receivable 153,000 Long-term investments 50,000 Inventories 230,000 Loans to employees 55,000 Prepaid expenses (for 2019) 31,000 Land 295,000 Building 1,700,000 Machinery and equipment 652,000 Patent 167,000 Franchise 55,000 Note receivable 325,000 Interest receivable 27,000 Accumulated depreciation—building 635,000 Accumulated depreciation—equipment 225,000 Accounts payable 204,000 Dividends payable (payable on 1/16/19) 25,000 Interest payable 31,000 Taxes...
Consider the following account balances of Evan McGruder, Inc., as of December 31, Year 3: Accounts Payable $117,568 Equipment 422,000 Common Stock 202,000 Income Tax Payable 3,940 Retained Earnings 55,100 Notes Payable, due Year 5 343,600 Accounts Receivable 2 02,900 Cash 97,300 Required: Prepare a classified balance sheet at June 30. Year 3. EVAN MCGRUDER. INC. Balance Sheet Physio EVAN MCGRUDER, INC. Balance Sheet < Prev 5.5 ili GORA
Consider the following account balances of Evan McGruder, Inc., as of December 31, Year 3: Accounts Payable $116,180 Equipment 422,300 Common Stock 203,500 Income Tax Payable 3,970 Retained Earnings 55,400 Notes Payable, due Year 5 343,900 Accounts Receivable 203, 200 Cash 97,450 Required: Prepare a classified balance sheet at December 31, Year 3. EVAN MCGRUDER, INC. Balance Sheet The following is a list of account balances for Pick-A-Pet, Inc., as of June 30, Year 3: Accounts Payable Accounts Receivable Cash...
The following is a list of account balances for Pick-A-Pet, Inc., as of June 30, Year 3. Accounts Payable Accounts Receivable Cash Common Stock Equipment Logo and Trademarks Long-term Notes Payable Retained Eamings Software $ 369,600 84,000 741,100 687,600 61,800 425,000 270,600 119,600 135,500 The company entered into the following transactions during July, Year 3. Stockholders contribute $470.000 cash for additional ownership shares and the company borrows $235,000 in cash from a bank to buy new equipment by signing a...
The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2021, the end of its fiscal year: cash, $26,000; accounts receivable, $21,000; inventory, $35,000; equipment (net). $90,000; accounts payable, $24,000; salaries payable, $10,000; interest payable, $6,000; notes payable (due in 18 months), $40,000; common stock, $70,000. Determine the year-end balance in retained earnings for K and J Nursery, Inc. Retained earnings
The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2021, the end of its fiscal year, cash, $25,000; accounts receivable, $20,000; inventory, $34,000, equipment (net). $89,000; accounts payable, $23,000, salaries payable, $9,500; interest payable, $5,500; notes payable (due in 18 months), $39.000, common stock, $68,000. Determine the year-end balance in retained earnings for K and J Nursery, Inc. Retained earnings
TER 3 ASSIGNMENT J Nursery, Inc, listed the following account balances at December 31 2018, the end of ts fiscal year cash, The trial balance for K and $16,000, accounts receivable, $11000, inventories, $25,000 equipment (net), $80000, accounts payable. $14.000: wages payable $9,000, nterest payable, $1,000, note payable (due in 18 months), $30000, common stock $50,000 Prepare a classified balance sheet for K and J Nursery, Inc The equipment originaly cost $140,000 (Amounts to be deducted should be indicated by...
The following information is for Evan Inc. as of 12/31/20xx Partial Unadjusted Trial Balance: Accounts Normal Balance Notes Payable $20,000 Equipment $80,000 Prepaid Rent $10,658 Inventory $9,000 Common Stock $10,2 Supplies $40,000 Deferred Revenue $10,193 Retained Earnings $35,000 What is the total dollar ($) amount of Liability Accounts assuming the accounts above reflect normal balances?
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