Homework Answers
| Total assets: | |||
| Cash at bank | 2,000 | ||
| Supplies | 2,100 | ||
| Debtors | 9,500 | ||
| Building | 12,000 | ||
| Total assets: | 25,600 | ||
| Total Liabilities: | |||
| Accounts payable | 4,000 | ||
| Loan Payable | 11,000 | ||
| Total Liabilities: | 15,000 | ||
| Total Equity: | |||
| Total assets | 25,600 | ||
| Less: Total Liabilities | 15,000 | ||
| Total Equity: | 10,600 | ||
| Answer is $10,600. | |||
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Q1. The following information is in relation to the assets and liabilities for ABC Ltd $...
Assets $ Liabilities $ Current Assets Current Liabilities Cash 12,000 Accounts payable 28,500 Cash at bank...
Assets $ Liabilities $ Current Assets Current Liabilities Cash 12,000 Accounts payable 28,500 Cash at bank 7,000 Wages payable 7,000 Accounts receivable 35,000 Taxes payable 12,000 Inventory 30,500 Interest payable 15,000 Prepayments 3,300 Total current assets 87,800 Total current liabilities 62,500 Investments 25,000 Long-Term Liabilities Bank loan 335,000 Notes payable 15,000 Long-term liabilities 350,000 Property, Plant, and Equipment Total Liabilities 412,800 Land and building 156,000 Equipment 1,85,000 Less: Depreciation (63,000) 278,000 Stockholders’ Equity Intangible Assets Common stock 100,000 Goodwill 120,000...
Balance Sheets Liabilities R.A Ltd. A.R Ltd. Assets R.A Ltd. A.R Ltd. Share Capital £ 600,000...
Balance Sheets Liabilities R.A Ltd. A.R Ltd. Assets R.A Ltd. A.R Ltd. Share Capital £ 600,000 £ 800,000 Land and Building £ 500,000 £ 800,000 Reseve and Surplus £ 150,000 £ 350,000 Plant and Machinery £ 300,000 £ 700,000 14% Debentures £ 400,000 £ 1,000,000 Furniture £ 200,000 £ 400,000 Mortgaged Loan £ 100,000 £ 500,000 Office Equipments £ 110,000 £ 230,000 Sundry Creditors £ 200,000 £ 300,000 Stock £ 300,000 £ 500,000 Bills Payable £ 100,000 £ 250,000 Sundry...
can you expain with steps? The comparative, unclassified statement of financial position for Sunland Ltd. shows...
can
you expain with steps?
The comparative, unclassified statement of financial position for Sunland Ltd. shows the following balances at December 31: Cash $0 Sunland Ltd. Statement of Financial Position December 31 Assets 2018 2017 $ 43,000 Accounts receivable 22,000 37,000 Inventory 35,000 57,000 Land 96,000 105,000 Buildings 523,000 259,000 Accumulated depreciation-buildings (72,000) (104,000) Equipment 75,000 38,000 Accumulated depreciation-equipment (12,000) (6,000) Total assets $710,000 $386,000 Liabilities and Shareholders' Equity Bank overdraft $0 $11,000 Accounts payable $ 42,000 $ 21,000 Income...
Baltimore Company's complete assets and liabilities are Accounts Receivable $800, Equipment $10,000, Accounts Payable $4,100, Prepaid...
Baltimore Company's complete assets and liabilities are Accounts Receivable $800, Equipment $10,000, Accounts Payable $4,100, Prepaid Rent $2,000, Supplies $400, Bank Loan $1,550, and Tools $300. Baltimore's total liabilities are: (All account balances are normal.) Baltimore Company's complete assets and liabilities are Accounts Receivable $2,550, Equipment $8,800, Accounts Payable $7,300, Prepaid Rent $1,650, Supplies $775, Bank Loan $4,400, and Tools $535. Baltimore's total equity is: (All account balances are normal.)
You've collected the following information about a company: What are the total assets & total equity?...
You've collected the following information about a company:
What are the total assets & total
equity?
Intro You've collected the following information about a company: Assets Liabilities and Equity Cash 9,000 Accounts payable 18,000 Marketable securities 2,000 Notes payable 6,000 Accounts receivable 4,000 Current liabilities Inventory 29,000 Long-term debt 95,000 Current assets Total liabilities Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings Fixed assets Equity Total assets Total liab. & equity
Identify each of the following items as assets, liabilities, or equity from the drop down provided....
Identify each of the following items as assets, liabilities, or equity from the drop down provided. 1. Accounts payable 2. Supplies 3. Taxes payable 4. Computer Equipment 5. Common stock 6. Land The following table shows the effects of five transactions (through 5) on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description. Nosota Liabilities Equity Cash $ 21.000 Accounts Office + Receivable + Supplies + + $ 0 $3,000 Land $19.000 4.000...
The comparative, unclassified statement of financial position for Ivanhoe Ltd. shows the following balances at December...
The comparative, unclassified statement of financial position for Ivanhoe Ltd. shows the following balances at December 31: Ivanhoe Ltd. Statement of Financial Position December 31 Assets 2018 2017 Cash $ 16,000 $ 38,000 Term deposits (maturing in 60 days) 0 46,000 Accounts receivable 77,000 40,000 Inventory 104,000 68,000 Land 187,000 234,000 Buildings 908,000 529,000 Accumulated depreciation—buildings (134,000 ) (188,000 ) Equipment 96,000 67,000 Accumulated depreciation—equipment (39,000 ) (21,000 ) Total assets $1,215,000 $813,000 Liabilities and Shareholders’ Equity Accounts payable $...
he comparative, unclassified statement of financial position for Ivanhoe Ltd. shows the following balances at December...
he comparative, unclassified statement of financial position for
Ivanhoe Ltd. shows the following balances at December 31:
Ivanhoe
Ltd.
Statement of Financial Position
December 31
Assets
2018
2017
Cash
$ 16,000
$ 38,000
Term deposits (maturing in 60
days)
0
46,000
Accounts receivable
77,000
40,000
Inventory
104,000
68,000
Land
187,000
234,000
Buildings
908,000
529,000
Accumulated
depreciation—buildings
(134,000
)
(188,000
)
Equipment
96,000
67,000
Accumulated
depreciation—equipment
(39,000
)
(21,000
)
Total assets
$1,215,000
$813,000
Liabilities and
Shareholders’ Equity
Accounts payable
$...
The comparative, unclassified statement of financial position for Ivanhoe Ltd. shows the following balances at December...
The comparative, unclassified statement of financial position
for Ivanhoe Ltd. shows the following balances at December
31:
Ivanhoe
Ltd.
Statement of Financial Position
December 31
Assets
2018
2017
Cash
$ 18,000
$ 39,000
Term deposits (maturing in 60
days)
0
41,000
Accounts receivable
78,000
41,000
Inventory
104,000
73,000
Land
185,000
230,000
Buildings
902,000
525,000
Accumulated
depreciation—buildings
(137,000
)
(191,000
)
Equipment
104,000
74,000
Accumulated
depreciation—equipment
(38,000
)
(19,000
)
Total assets
$1,216,000
$813,000
Liabilities and
Shareholders’ Equity
Accounts payable
$...
The comparative, unclassified statement of financial position for Ivanhoe Ltd. shows the following balances at December...
The comparative, unclassified statement of financial position
for Ivanhoe Ltd. shows the following balances at December
31:
Ivanhoe
Ltd.
Statement of Financial Position
December 31
Assets
2018
2017
Cash
$ 16,000
$ 38,000
Term deposits (maturing in 60
days)
0
46,000
Accounts receivable
77,000
40,000
Inventory
104,000
68,000
Land
187,000
234,000
Buildings
908,000
529,000
Accumulated
depreciation—buildings
(134,000
)
(188,000
)
Equipment
96,000
67,000
Accumulated
depreciation—equipment
(39,000
)
(21,000
)
Total assets
$1,215,000
$813,000
Liabilities and
Shareholders’ Equity
Accounts payable
$...
can
you expain with steps?
The comparative, unclassified statement of financial position for Sunland Ltd. shows the following balances at December 31: Cash $0 Sunland Ltd. Statement of Financial Position December 31 Assets 2018 2017 $ 43,000 Accounts receivable 22,000 37,000 Inventory 35,000 57,000 Land 96,000 105,000 Buildings 523,000 259,000 Accumulated depreciation-buildings (72,000) (104,000) Equipment 75,000 38,000 Accumulated depreciation-equipment (12,000) (6,000) Total assets $710,000 $386,000 Liabilities and Shareholders' Equity Bank overdraft $0 $11,000 Accounts payable $ 42,000 $ 21,000 Income...
You've collected the following information about a company:
What are the total assets & total
equity?
Intro You've collected the following information about a company: Assets Liabilities and Equity Cash 9,000 Accounts payable 18,000 Marketable securities 2,000 Notes payable 6,000 Accounts receivable 4,000 Current liabilities Inventory 29,000 Long-term debt 95,000 Current assets Total liabilities Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings Fixed assets Equity Total assets Total liab. & equity
Identify each of the following items as assets, liabilities, or equity from the drop down provided. 1. Accounts payable 2. Supplies 3. Taxes payable 4. Computer Equipment 5. Common stock 6. Land The following table shows the effects of five transactions (through 5) on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description. Nosota Liabilities Equity Cash $ 21.000 Accounts Office + Receivable + Supplies + + $ 0 $3,000 Land $19.000 4.000...
he comparative, unclassified statement of financial position for
Ivanhoe Ltd. shows the following balances at December 31:
Ivanhoe
Ltd.
Statement of Financial Position
December 31
Assets
2018
2017
Cash
$ 16,000
$ 38,000
Term deposits (maturing in 60
days)
0
46,000
Accounts receivable
77,000
40,000
Inventory
104,000
68,000
Land
187,000
234,000
Buildings
908,000
529,000
Accumulated
depreciation—buildings
(134,000
)
(188,000
)
Equipment
96,000
67,000
Accumulated
depreciation—equipment
(39,000
)
(21,000
)
Total assets
$1,215,000
$813,000
Liabilities and
Shareholders’ Equity
Accounts payable
$...
The comparative, unclassified statement of financial position
for Ivanhoe Ltd. shows the following balances at December
31:
Ivanhoe
Ltd.
Statement of Financial Position
December 31
Assets
2018
2017
Cash
$ 18,000
$ 39,000
Term deposits (maturing in 60
days)
0
41,000
Accounts receivable
78,000
41,000
Inventory
104,000
73,000
Land
185,000
230,000
Buildings
902,000
525,000
Accumulated
depreciation—buildings
(137,000
)
(191,000
)
Equipment
104,000
74,000
Accumulated
depreciation—equipment
(38,000
)
(19,000
)
Total assets
$1,216,000
$813,000
Liabilities and
Shareholders’ Equity
Accounts payable
$...
The comparative, unclassified statement of financial position
for Ivanhoe Ltd. shows the following balances at December
31:
Ivanhoe
Ltd.
Statement of Financial Position
December 31
Assets
2018
2017
Cash
$ 16,000
$ 38,000
Term deposits (maturing in 60
days)
0
46,000
Accounts receivable
77,000
40,000
Inventory
104,000
68,000
Land
187,000
234,000
Buildings
908,000
529,000
Accumulated
depreciation—buildings
(134,000
)
(188,000
)
Equipment
96,000
67,000
Accumulated
depreciation—equipment
(39,000
)
(21,000
)
Total assets
$1,215,000
$813,000
Liabilities and
Shareholders’ Equity
Accounts payable
$...
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