Homework Answers
Total Assets = Cash + Accounts Receivable
= 400+600 = 1000
Total Liabilities is 300 (Accounts Payable)
The Accounting Equation is
Assets = Liability + Owner's Equity ( Capital)
1000 = 300 + Owner's Equity
Owner's Equity = 1000-300
Owner's Equity = 700
Total Liabilities and Equity = Liabilities + Equity
=700+300
Total Liabilities and Equity =1000
Add Answer to:
25. Complete the balance sheet (10 points). The bold words are heading. No numbers need to...
Fill in the missing numbers on the balance sheet. (2 points each) Balance Sheet At December...
Fill in the missing numbers on the balance sheet. (2 points each) Balance Sheet At December 31, 2018, a company's records show the following information in the Balance Sheet. Cash Accounts Receivable Inventory Accounts Payable Wages Payable Short-term Notes Payable $325,000 150,000 40,000 520,000 650,000 Total Current Assets 1,305,000 Total Current Liabilities Other long-term Assets $ Long-term debt $445,000 Total Assets $ 1,543,000 Total Liabilities Total Stockholders' Equity (Owner's Equity)
Using the Adjusted Trial Balance, complete the Income Statement, Statement of Owner's Equity, and Balance Sheet....
Using the Adjusted Trial Balance, complete the Income Statement, Statement of Owner's Equity, and Balance Sheet. Enter any decreases with a minus sign or parentheses SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit Cash 19,200 Accounts Receivable 10,600 Office Supplies 200 Expenses: Prepaid Rent 12,800 Furniture 22,500 7.700 Accounts Payable Salaries Payable Interest Payable 2,500 600 300 Total Expenses Unearned Revenue 6,400 9,000 25,400 Net Income Notes Payable Bright, Capital Bright, Withdrawals 32,700 Service...
Assets Cash CULLUMBER COMPANY Balance Sheet December 31, 2020 Liabilities $21,036 Accounts payable 11,219 Accounts receivable...
Assets Cash CULLUMBER COMPANY Balance Sheet December 31, 2020 Liabilities $21,036 Accounts payable 11,219 Accounts receivable 64,510 Owner's capital 18,231 Total liabilities and owner's equity $114,996 Supplies Equipment Owner's drawings Total assets $29,450 (9,116) 94,662 $114,996 Prepare a correct balance sheet. (List Assets in order of liquidity.) CULLUMBER COMPANY Balance Sheet Assets Liabilities and Owner's Equity
Balance It! Match the following words/numbers with the numbered blanks in the balance sheet on the...
Balance It! Match the following words/numbers with the numbered blanks in the balance sheet on the next page. The first two have been done for you. (Ignore upper and lower-case spellings and whether numbers are shown as currency or not.) Equity Receivable _2_Accounts Common Accumulated Fixed Payable Less Total Intangible Current Notes Long-term Assets Doubtful 142,000 18,000 25,000 62,000 32,000 Balance Sheet December 31, 2000 $ 31,000 Cach 2 receivable Less allowance for 3 accounts Notes Inventory Prepaid expenses Assets...
VERSION: A have? South Eastern Inc. has the following balance sheet. How much net operating working...
VERSION: A have? South Eastern Inc. has the following balance sheet. How much net operating working capital does the firm nwc-CA-Cl Assets Liabilities and Owner's Equity Cash $ 100 Accounts payable $ 200 Accounts receivable 650 Accruals 350 Inventory 550 Notes payable 350 >$1,300 Current assets Current liabilities > $ 900 600 1,000 Long-term debt Net fixed assets Common equity 300 Retained earnings $2,300 Total liabilities & equity $2.300 Total assets 500
Please give me an income statement, statement of owner's equity, and balance sheet. (No need explanation,...
Please give me an income statement,
statement of owner's equity, and balance sheet. (No need
explanation, just want to check my answer)
J. Tren Worksheet Month Ended May 31, 201X Trial Balance | Adjustments Adjusted Trial Balance | Income Statement Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Balance Sheet Dr. Cr. Account Titles Cash Accounts Receivable Prepaid Insurance Store Supplies Store Equipment Accumulated Depreciation, Store Equipment Accounts Payable J. Tren, Capital J. Tren, Withdrawals Revenue from Clients Rent Expense...
C1010: Accountng PART C. Comparing balance sheet (7 marks) ABC company and XVZ company conduct the same type of business. Both are recently formed entitles, the balance sheets of the two c...
C1010: Accountng PART C. Comparing balance sheet (7 marks) ABC company and XVZ company conduct the same type of business. Both are recently formed entitles, the balance sheets of the two companies as at 30 June 2020 are as follows: ABC Company Balance sheet Asat 30 June 2020 Assets Current assets Cash at bank 2 400 Accounts recelvable 4 800 Total current assets 7 200 Noncurrent Assets Office equipment land 6 000 18 000 building Total non-current assets 30 000...
Balance Sheet Below is the balance sheet for Labyrinth Services Co., which contains errors. Labyrinth Services...
Balance Sheet Below is the balance sheet for Labyrinth Services Co., which contains errors. Labyrinth Services Co. Balance Sheet For the Year Ended August 31, 2019 Assets Current assets: Cash $24,600 Accounts payable 33,500 Supplies 11,200 Prepaid insurance 20,000 Land 246,700 Total current assets $336,000 Property, plant, and equipment: Building $516,300 Equipment 116,900 Total property, plant, and equipment 869,100 Total assets $1,205,100 Liabilities Current liabilities: Accounts receivable $55,800 Accumulated depreciation—building 212,600 Accumulated depreciation—equipment 34,600 Net income 191,300 Total liabilities $494,300...
The Red Nos balance sheet at December 31, 20X is ass Requ 72 Chapter 2 Balance...
The Red Nos balance sheet at December 31, 20X is ass Requ 72 Chapter 2 Balance Sheet December 31, 20X4 ASSETS Current Assets Cash Accounts Receivable Cleaning Supplies Total Current Assets Property and Equipment: Land $ 12,500 15,000 2,500 30,000 1. 2 3. 4. 120,000 800,000 50,000 125,000 845,000 $875,000 Building Furnishings and Equipment Less: Accumulated Depreciation Net Property and Equipment Total Assets Th aco dit $ 23,700 8,000 300 32,000 LIABILITIES AND OWNER'S EQUITY Current Liabilities: Notes Payable Accounts...
Balance Sheet Below is the balance sheet for Labyrinth Services Co., which contains errors. Labyrinth Services...
Balance Sheet Below is the balance sheet for Labyrinth Services Co., which contains errors. Labyrinth Services Co. Balance Sheet For the Year Ended August 31, 2019 Assets Current assets: Cash $17,900 30,500 Accounts payable Supplies 8,100 Prepaid insurance 14,700 Land 232,800 $304,000 Total current assets Property, plant, and equipment: Building $487,100 110,200 Equipment Total property, plant, and equipment Total assets 792,000 $1,096,000 Liabilities Current liabilities: $40,700 Accounts receivable Accumulated depreciation-building 200,600 Accumulated depreciation--equipment 32,600 174,300 Net income Total liabilities $448,200...
Fill in the missing numbers on the balance sheet. (2 points each) Balance Sheet At December 31, 2018, a company's records show the following information in the Balance Sheet. Cash Accounts Receivable Inventory Accounts Payable Wages Payable Short-term Notes Payable $325,000 150,000 40,000 520,000 650,000 Total Current Assets 1,305,000 Total Current Liabilities Other long-term Assets $ Long-term debt $445,000 Total Assets $ 1,543,000 Total Liabilities Total Stockholders' Equity (Owner's Equity)
Using the Adjusted Trial Balance, complete the Income Statement, Statement of Owner's Equity, and Balance Sheet. Enter any decreases with a minus sign or parentheses SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit Cash 19,200 Accounts Receivable 10,600 Office Supplies 200 Expenses: Prepaid Rent 12,800 Furniture 22,500 7.700 Accounts Payable Salaries Payable Interest Payable 2,500 600 300 Total Expenses Unearned Revenue 6,400 9,000 25,400 Net Income Notes Payable Bright, Capital Bright, Withdrawals 32,700 Service...
Assets Cash CULLUMBER COMPANY Balance Sheet December 31, 2020 Liabilities $21,036 Accounts payable 11,219 Accounts receivable 64,510 Owner's capital 18,231 Total liabilities and owner's equity $114,996 Supplies Equipment Owner's drawings Total assets $29,450 (9,116) 94,662 $114,996 Prepare a correct balance sheet. (List Assets in order of liquidity.) CULLUMBER COMPANY Balance Sheet Assets Liabilities and Owner's Equity
Balance It! Match the following words/numbers with the numbered blanks in the balance sheet on the next page. The first two have been done for you. (Ignore upper and lower-case spellings and whether numbers are shown as currency or not.) Equity Receivable _2_Accounts Common Accumulated Fixed Payable Less Total Intangible Current Notes Long-term Assets Doubtful 142,000 18,000 25,000 62,000 32,000 Balance Sheet December 31, 2000 $ 31,000 Cach 2 receivable Less allowance for 3 accounts Notes Inventory Prepaid expenses Assets...
VERSION: A have? South Eastern Inc. has the following balance sheet. How much net operating working capital does the firm nwc-CA-Cl Assets Liabilities and Owner's Equity Cash $ 100 Accounts payable $ 200 Accounts receivable 650 Accruals 350 Inventory 550 Notes payable 350 >$1,300 Current assets Current liabilities > $ 900 600 1,000 Long-term debt Net fixed assets Common equity 300 Retained earnings $2,300 Total liabilities & equity $2.300 Total assets 500
Please give me an income statement,
statement of owner's equity, and balance sheet. (No need
explanation, just want to check my answer)
J. Tren Worksheet Month Ended May 31, 201X Trial Balance | Adjustments Adjusted Trial Balance | Income Statement Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Balance Sheet Dr. Cr. Account Titles Cash Accounts Receivable Prepaid Insurance Store Supplies Store Equipment Accumulated Depreciation, Store Equipment Accounts Payable J. Tren, Capital J. Tren, Withdrawals Revenue from Clients Rent Expense...
C1010: Accountng PART C. Comparing balance sheet (7 marks) ABC company and XVZ company conduct the same type of business. Both are recently formed entitles, the balance sheets of the two companies as at 30 June 2020 are as follows: ABC Company Balance sheet Asat 30 June 2020 Assets Current assets Cash at bank 2 400 Accounts recelvable 4 800 Total current assets 7 200 Noncurrent Assets Office equipment land 6 000 18 000 building Total non-current assets 30 000...
The Red Nos balance sheet at December 31, 20X is ass Requ 72 Chapter 2 Balance Sheet December 31, 20X4 ASSETS Current Assets Cash Accounts Receivable Cleaning Supplies Total Current Assets Property and Equipment: Land $ 12,500 15,000 2,500 30,000 1. 2 3. 4. 120,000 800,000 50,000 125,000 845,000 $875,000 Building Furnishings and Equipment Less: Accumulated Depreciation Net Property and Equipment Total Assets Th aco dit $ 23,700 8,000 300 32,000 LIABILITIES AND OWNER'S EQUITY Current Liabilities: Notes Payable Accounts...
Balance Sheet Below is the balance sheet for Labyrinth Services Co., which contains errors. Labyrinth Services Co. Balance Sheet For the Year Ended August 31, 2019 Assets Current assets: Cash $17,900 30,500 Accounts payable Supplies 8,100 Prepaid insurance 14,700 Land 232,800 $304,000 Total current assets Property, plant, and equipment: Building $487,100 110,200 Equipment Total property, plant, and equipment Total assets 792,000 $1,096,000 Liabilities Current liabilities: $40,700 Accounts receivable Accumulated depreciation-building 200,600 Accumulated depreciation--equipment 32,600 174,300 Net income Total liabilities $448,200...
Most questions answered within 3 hours.
-
You currently have 20,000X ethidium bromide. You want to make
250 mL of 1X ethidium bromide...
asked 4 minutes ago -
What mass of lead is needed to absorb 348 J of heat if the temp
of...
asked 7 minutes ago -
Explain the difference between an auction with reserve
and an auction without reserve. if not specified,...
asked 9 minutes ago -
Write the net ionic equation for the precipitation reaction that
occurs when aqueous solutions of aluminum...
asked 12 minutes ago -
How do we find the slope distance, given the horizontal distance
and the zenith angle?
For...
asked 11 minutes ago -
The table to the right lists probabilities for the corresponding
numbers of girls in three births....
asked 22 minutes ago -
The inverse demand function for good X is P = 5−0.05Q. The
firm’s cost curve is...
asked 21 minutes ago -
The Fresh Connection is really pushing the new line of juice
products. Given that it takes...
asked 26 minutes ago -
An acute decrease in mean arterial pressure (by getting up very
quickly, for instance) will cause...
asked 25 minutes ago -
Is the pH of solutions important when using the Fluoride ISE? If
so, why?
asked 29 minutes ago -
Producer surplus is:
a.
always equal to consumer surplus.
b.
the amount paid to sellers above...
asked 30 minutes ago -
In 2005, Derrek Lee led the National Baseball League with a
0.335 batting average, meaning that...
asked 49 minutes ago