1.
Hello Daniel, I came across the balance sheet you have prepared for the company and found few errors. A balance sheet should comply with the accounting equation "Assets=Liabilities+Equity". You have placed accounts payable in the assets side which is actually a current liability. You have placed Equity in the assets section which should be on the liabilities side of the balance sheet. You have placed Equipment which is an asset, on the liabilities side of the balance sheet.
2.
Asheville Company | |
Balance Sheet | |
For the Year Ended December 31,2018 | |
Assets | |
Land | $ 100,000 |
Equipment | $ 125,000 |
Cash | $ 10,000 |
Accounts receivable | $ 12,500 |
Total Assets | $ 247,500 |
Liabilities | |
Accounts payable | $ 10,000 |
Wages payable | $ 2,500 |
Common stock | $ 115,000 |
Retained earnings | $ 120,000 |
Total Liabilities | $ 247,500 |
Purpose For this assignment, students will be responsible for explaining the purpose of a balance sheet...
Purpose For this assignment, students will be responsible for explaining the purpose of a balance sheet and preparing a corrected balance sheet. Instructions (Problem TIF 4-3 Warren, Reeve & Duchac 14E) Your friend Daniel Nat recently began work as the lead accountant for the Asheville Company. Dan prepared the following balance sheet for December 31, 2018: Asheville Company Balance Sheet For the Year Ended December 31, 2018 Assets: Land $100,000 10,000 Accounts payable Accounts receivable Cash 12,500 10,000 Common stock...
Boolean Searches Worksheet PURPOSE Students learn to strategically search for information using Boolean operators. This provides students tools a strategies to effectively conduct information searches. INSTRUCTIONS We live in the information age. We have access to billions of websites, books, magazines, newspapers, and other sources of information at our fingertips. However, this can both help us and also hinder us. This activity will help you learn how to narrow your searches using Boolean operators such as AND, OR, and NOT....
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Bio 121
I need to make (yeast fermentation) lab
report.
This is the lab experiment and results:
This is a guide to making the lab report:
General Biology BIO121 Yeast Fermentation Lab Introduction Organisms stay alive by the utilization of energy through metabolism. The energy acquiring pathways in photosynthesis convert radiant energy from the sun into the chemical bond energy of carbohydrates. This photosynthetic process is limited to the producers or autotrophs, which include plants, photosynthetic bacteria and some protists....