Homework Answers
| Trial Balance | ||
| As on...... | ||
| Account Titles | Debit | Credit |
| $ | $ | |
| Cash | 366,000 | |
| Accounts Receivable | 50,000 | |
| Inventory | 30,000 | |
| Short Term Investment | 25,000 | |
| Equipment | 220,000 | |
| Land | 218,000 | |
| Accounts Payable | 192,000 | |
| Salaries Payable | 15,000 | |
| Notes Payable: Long Term | 250,000 | |
| Contributed Capital | 328,000 | |
| Retained Earnings | 124,000 | |
| Totals | $ 909,000 | $ 909,000 |
Add Answer to:
Accounts receivable $ 65,000.00 $ 15,000.00 Inventory $ 29,000.00 $ $ 2,000.00 Cash $ 250,000.00 $...
1 3 Minneapolis, Inc. is a small shop in the neighborhood that sells fruit. The owner...
1 3 Minneapolis, Inc. is a small shop in the neighborhood that sells fruit. The owner of the shop, Ms. Foster, hired 4 you to help with her accounting. The previous accountant got married and left the company. Ms. Foster 5 was able to finish the financial statement except the statement of cash flow so she asked you to prepare the s statement of cash flow as your first job. 7 8 Ms. Foster prepared the following financial statements. 2018...
Accounts bank inventory office equipment computers van Trendmill limitted debit Accounts £32,050.00 cash £15,000.00 sale £15,000.00...
Accounts bank inventory office equipment computers van Trendmill limitted debit Accounts £32,050.00 cash £15,000.00 sale £15,000.00 account payable £5,000.00 capital £20,000.00 van lease £1,500.00 rent payable £3,000.00 utulities payable £3,000.00 salary&wages payable £25,500.00 accrued liabilities £600.00 discount £2,400.00 £21,000.00 £2,940.00 £1,000.00 £100.00 £2,000.00 £500.00 £150,590.00 credit £9,100.00 £16,940.00 £6,000.00 £50,000.00 £16,000.00 £3,000.00 £3,000.00 £25,500.00 £21,000.00 £50.00 maintenance accrued rent accrued utilities accrued salary&wages interest (van) instalments (van) liability payable account recievable office cleaning office stationary Charity&donation staff entertaiment £150,590.00 depreciation...
Book1 - Excel Home Insert Page Layout Formulas Data Review View Tell me what you want...
Book1 - Excel Home Insert Page Layout Formulas Data Review View Tell me what you want to do Calibri General Normal Ee Copy 트 ,,El Merge & Center . $ ·96 , +0-0 Conditional Format as Neutral Format Painter Formatting Table Alignment Number ACCOUNT NOTICE We've run into a problem with your Office 365 subscription, and we need your help to fix it. Reactivate A38 Required: To find the Cash paid to suppliers 1 As the accountant for MM Group...
Year 1 wN Brighton Company Year 0 3 Cash 50,000.00 4 Accounts Receivable 275,000.00 5 Inventory...
Year 1 wN Brighton Company Year 0 3 Cash 50,000.00 4 Accounts Receivable 275,000.00 5 Inventory 350,000.00 6 Net PP&E 800,000.00 7 Total Assets 1,475,000.00 40,000.00 80,000.00 190,000.00 40,000.00 (10,000.00) 100,000.00 1,100,000.00 (25,000.00) 1,475,000.00 40,000.00 9 Accounts Payable 10 Notes Payable 11 Common Stock 12 Treasury Stock 13 Additional Paid-in Capital 14 Retained Earnings 15 Accumulated OCI 16 Total Liab and Equity 17 18 Sales 19 Variable Expenses 20 Contribution Margin 21 Fixed Expenses 22 Operating Income 23 Nonrecurring Gain...
Please solve #4 (images below for reference) Sparty, Corporation has been operating for two years. The...
Please solve #4
(images below for reference)
Sparty, Corporation has been operating for two years. The December 31, 2018 account balances are: Cash Accounts Receivable Inventory Short-term Investments Equipment Land $250,000 65,000 29,000 20,000 180,000 210,000 | Accounts Payable Salaries Payable Notes Payable - long term Contributed Capital Retained Earnings $190,000 45,000 175,000 220,000 124,000 During the year 2019, the company had the below activities. Note that none of these activities should impact the income statement, only the balance sheet;...
Statement of Operations, Financial Position, and Statement of Cash Flow Reconciliation to Net Income
1/1/2022 Debit Credit Cash $ 950,000.00Common Stock $ 950,000.00Cash $ 2,000,000.00Note Payable $ 2,000,000.00Inventory $ 147,000.00Accounts Payable $ 147,000.00Prepaid Rent $ 480,000.00Cash $ 480,000.00Supplies $ 10,000.00Cash $ 10,000.001/11/2022Inventory $ 3,000.00Accounts Payable $ 3,000.001/20/2022Accounts Payable $ 150,000.00Cash $ 150,000.002/10/2022Accounts Receivable $ 21,340.00Sales Revenue $ 21,340.00Cost of Goods Sold $ 15,000.00Inventory $ 15,000.00Cash $ 30,000.00Sales Revenue $ 30,000.00Cost of Goods Sold $ 21,000.00Inventory $ 21,000.003/10/2022Accounts Receivable $ 660.00Sales Revenue $ 660.003/15/2022Inventory $ 170,000.00Cash $ 170,000.004/30/2022Cash $ 30,000.00Sales Revenue $ 30,000.00Cost of Goods...
TEL Company provided the following account balances on Dec. 31, 2019 Accounts Receivable 400,000.00 Advances...
TEL Company provided the following account balances on Dec. 31, 2019 Accounts Receivable 400,000.00 Advances to Officers -not- currently collectible 100,000.00 Sinking Fund 400,000.00 Building 5,000,000.00 Longterm Refundable Deposit 50,000.00 Cash and cash Equivalent 500,000.00 Cash Surrender Value 60,000.00 Equipment 1,000,000.00 Lease Rights 100,000.00 Accrued Interest on Notes Receivable 10,000.00 Inventories 1,300,000.00 Land 1,500,000.00 Land Held for Speculation 500,000.00 Notes Receivable 250,000.00 Computer Software 3,250,000.00 Prepaid Expenses 70,000.00 Trading Securities 280,000.00 Unsaved...
TEL Company provided the following account balances on December 31, 2019: Accounts receivable 400,000.00 Advances to...
TEL Company provided the following account balances on December 31, 2019: Accounts receivable 400,000.00 Advances to officers-not-currently collectible 100,000.00 Sinking fund 400,000.00 Building 5,000,000.00 Long-term refundable deposit 50,000.00 Cash and cash equivalents 500,000.00 Cash surrender value 60,000.00 Equipment 1,000,000.00 Lease rights 100,000.00 Accrued interest on notes receivable 10,000.00 Inventories 1,300,000.00 Land 1,500,000.00 Land held for speculation 500,000.00 Notes receivable 250,000.00 Computer software 3,250,000.00 Prepaid expenses 70,000.00 Trading securities 280,000.00 Unearned rent income 40,000.00 Retained earnings (deficit) (1,800,000.00) Share premium -...
Write a narrative of up to 750 words in which you describe the following trends in...
Write a narrative of up to 750 words in which you describe the
following trends in the below images related to the income
statement, balance sheet and financial ratios. Identify what you
believe to be the most significant changes. The assignment is
completed by simply describing the changes. As an option, you may
speculate as to the causes of the changes.
wwc Balance Sheet wwc Retained Earnings Horizontal Analysis Increase or (Decrease) 2018 over 2017 Dollars Percent Vertical Analysis Percent...
E 7 December 31, 2018 Debit Credit Cash $ 7,000.00 0 Accounts Receivable $ 5,000.00 1...
E 7 December 31, 2018 Debit Credit Cash $ 7,000.00 0 Accounts Receivable $ 5,000.00 1 Allowance for Doubtful Accounts $ 1,000.00 2 Supplies $ 1,750.00 3 Inventory $ 12,000.00 4 Prepaid Insurance $ 2,000.00 5 Prepaid Rent $ 4,000.00 6 Equipment $ 9,000.00 7 Accumulated Depreciation - Equipment $ 2,500.00 3 Cars $ 21,000.00 9 Accumulated Depreciation - Cars $ 9,000.00 Accounts Payable $ 1,000.00 1 Unearned Service Revenue $ 900.00 2 Common Stock $ 2,500.00 3 Retained Earnings...
1 3 Minneapolis, Inc. is a small shop in the neighborhood that sells fruit. The owner of the shop, Ms. Foster, hired 4 you to help with her accounting. The previous accountant got married and left the company. Ms. Foster 5 was able to finish the financial statement except the statement of cash flow so she asked you to prepare the s statement of cash flow as your first job. 7 8 Ms. Foster prepared the following financial statements. 2018...
Accounts bank inventory office equipment computers van Trendmill limitted debit Accounts £32,050.00 cash £15,000.00 sale £15,000.00 account payable £5,000.00 capital £20,000.00 van lease £1,500.00 rent payable £3,000.00 utulities payable £3,000.00 salary&wages payable £25,500.00 accrued liabilities £600.00 discount £2,400.00 £21,000.00 £2,940.00 £1,000.00 £100.00 £2,000.00 £500.00 £150,590.00 credit £9,100.00 £16,940.00 £6,000.00 £50,000.00 £16,000.00 £3,000.00 £3,000.00 £25,500.00 £21,000.00 £50.00 maintenance accrued rent accrued utilities accrued salary&wages interest (van) instalments (van) liability payable account recievable office cleaning office stationary Charity&donation staff entertaiment £150,590.00 depreciation...
Book1 - Excel Home Insert Page Layout Formulas Data Review View Tell me what you want to do Calibri General Normal Ee Copy 트 ,,El Merge & Center . $ ·96 , +0-0 Conditional Format as Neutral Format Painter Formatting Table Alignment Number ACCOUNT NOTICE We've run into a problem with your Office 365 subscription, and we need your help to fix it. Reactivate A38 Required: To find the Cash paid to suppliers 1 As the accountant for MM Group...
Year 1 wN Brighton Company Year 0 3 Cash 50,000.00 4 Accounts Receivable 275,000.00 5 Inventory 350,000.00 6 Net PP&E 800,000.00 7 Total Assets 1,475,000.00 40,000.00 80,000.00 190,000.00 40,000.00 (10,000.00) 100,000.00 1,100,000.00 (25,000.00) 1,475,000.00 40,000.00 9 Accounts Payable 10 Notes Payable 11 Common Stock 12 Treasury Stock 13 Additional Paid-in Capital 14 Retained Earnings 15 Accumulated OCI 16 Total Liab and Equity 17 18 Sales 19 Variable Expenses 20 Contribution Margin 21 Fixed Expenses 22 Operating Income 23 Nonrecurring Gain...
Please solve #4
(images below for reference)
Sparty, Corporation has been operating for two years. The December 31, 2018 account balances are: Cash Accounts Receivable Inventory Short-term Investments Equipment Land $250,000 65,000 29,000 20,000 180,000 210,000 | Accounts Payable Salaries Payable Notes Payable - long term Contributed Capital Retained Earnings $190,000 45,000 175,000 220,000 124,000 During the year 2019, the company had the below activities. Note that none of these activities should impact the income statement, only the balance sheet;...
Write a narrative of up to 750 words in which you describe the
following trends in the below images related to the income
statement, balance sheet and financial ratios. Identify what you
believe to be the most significant changes. The assignment is
completed by simply describing the changes. As an option, you may
speculate as to the causes of the changes.
wwc Balance Sheet wwc Retained Earnings Horizontal Analysis Increase or (Decrease) 2018 over 2017 Dollars Percent Vertical Analysis Percent...
E 7 December 31, 2018 Debit Credit Cash $ 7,000.00 0 Accounts Receivable $ 5,000.00 1 Allowance for Doubtful Accounts $ 1,000.00 2 Supplies $ 1,750.00 3 Inventory $ 12,000.00 4 Prepaid Insurance $ 2,000.00 5 Prepaid Rent $ 4,000.00 6 Equipment $ 9,000.00 7 Accumulated Depreciation - Equipment $ 2,500.00 3 Cars $ 21,000.00 9 Accumulated Depreciation - Cars $ 9,000.00 Accounts Payable $ 1,000.00 1 Unearned Service Revenue $ 900.00 2 Common Stock $ 2,500.00 3 Retained Earnings...
Most questions answered within 3 hours.
-
. Please give the mechanism for this type of problem. Step by
Step
The toxin that...
asked 1 minute ago -
If you have a 1M stock solution and you want to dilute 1 :10
with water,...
asked 3 minutes ago -
In a load instruction, the effective address is obtained by
A) Retriving the address from a...
asked 3 minutes ago -
Use the following information to answer this question.
Windswept, Inc. 2017 Income Statement ($ in millions)...
asked 4 minutes ago -
A mutual fund salesperson has arranged to call on four people
tomorrow. Based on past experience...
asked 37 minutes ago -
Let the RV Y has the pdf
f ( y ) = 6 y ( 1...
asked 49 minutes ago -
Question 12
Where should a copy of a private key should be placed so it is...
asked 6 minutes ago -
What is the entropy change to the surroundings when 1 mol of ice
melts in someone's...
asked 25 minutes ago -
Pt1
An electrochemical cell is set up at 25°C based on the overall
reaction represented by...
asked 32 minutes ago -
Explain traveling wave theory. Explain how the peaking of the
wave leads to action potentials and...
asked 23 minutes ago -
If you mixed 35.0 mLmL of 0.100 M Tris-HCl with 65.0
mLmL of 0.200 M Tris-base, what would...
asked 19 minutes ago -
Which force do you think wields a stronger influence over our
ethical behavior – our personal...
asked 25 minutes ago