Use the Trial Balance (Links to an external site.) for Spartan Inc. to answer the following:
What are Spartan Inc's total liabilities?
Group of answer choices
a. 91,500
b. 50,500
c. 641,500
d. 90,000
Homework Answers
Add Answer to:
Use the Trial Balance (Links to an external site.) for Spartan
Inc. to answer the following:...
Use the Trial Balance for Spartan Inc to answer the following: Assuming beginning retained earnings of...
Use the Trial Balance for Spartan Inc to answer the
following:
Assuming beginning retained earnings of $0, what is Spartan
Inc.'s ending retained earnings?
Group of answer choices
a. 50,500
b. 300,000
c. 70,000
d. 230,000
1 2 CR 3 $ $ 4 DR 144,000.00 120,000.00 56,000.00 72,000.00 5 S 6 S Spartan Inc. Trial Balance Account # Account Name 101 Cash 111 Accounts Receivable 121 Inventory 131 Equipment 141 Less Accumulated Depreciation 201 Accounts Payable 301 Stock 315 Dividends...
Use the Trial Balance (Links to an external site.) for Hercules Inc. to answer the following:...
Use the Trial Balance (Links to an external site.) for Hercules
Inc. to answer the following:
What are Total Assets on Hercules' Balance Sheet?
Group of answer choices
a. 0
b. 2,259,000
c. 2,589,000
d. 1,929,000
1 2 Hercules, Inc. Account # 101 3 4 5 111 121 131 6 7 Account Name Cash Accounts Receivable Inventory Equipment Less Accumulated Depreciation Accounts Payable Stock Dividends Revenue Expenses 141 201 301 315 Debit Credit $ 500,000 $ 627,000 $ 82,000 $...
Using Be Prepared, Inc.'s adjusted trial balance and prior period's balance sheet, prepare the following Financial...
Using Be Prepared, Inc.'s adjusted trial balance and prior period's balance sheet, prepare the following Financial Reports: Credits Debits 423,615.00 $ 25,000.00 in your 540.00 3 • Multi-Step Income Statement for the month of January 2021 (see page textbook for guidance). • Statement of Retained Earnings for the month of January 2021 (see page in your textbook for guidance). Note: There are no prior period adjustments and all dividends declared and paid are cash dividends in the amount of $25,000....
Use the Journal Entries (Links to an external site.) for Tiger Inc to answer the following:...
Use the Journal Entries (Links to an external site.) for Tiger
Inc to answer the following:
What is the ending balance of Accounts Receivable?
Group of answer choices
a. 80,000
b. 120,000
c. 50,000
d. 40,000
B D E 1 Tiger Inc. Journal Entries N 3 02/01/2020 DR: Cash A 550,000 4. CR: Stock S 550,000 5 6 02/02/2020 DR: Inventory $ 30,000 7 CR: Cash $ 30,000 8 9 $ 80,000 02/03/2020 DR: Accounts Receivable CR: Revenyue 10 $...
Using Be Prepared, Inc.’s adjusted trial balance and prior period’s balance sheet, prepare the following Financial...
Using Be Prepared, Inc.’s adjusted trial balance and prior
period’s balance sheet, prepare the following Financial Reports:
Multi-Step Income Statement for the month of January 2021 Statement
of Retained Earnings for the month of January 2021 Note: There are
no prior period adjustments and all dividends declared and paid are
cash dividends in the amount of $25,000.
W Download Share Accounting Il Practice Set 2020 ACC 112-4W1 Spring (1).docx File Edit Format Tools Help o na 5 Q a Normal...
Following is the November, 30, 2020 unadjusted trial balance of Zenith Delivery Company, Inc. The account...
Following is the November, 30, 2020 unadjusted trial balance of Zenith Delivery Company, Inc. The account balances represent the results of entries recorded during the first 11 months of 2020. There have been no stock transactions during the year. Zenith Delivery Company, Inc. Unadjusted Trial Balance November 30, 2020 ACCT# DEBITS CREDITS $ 69,660 4,600 730 1.200 6.500 295.000 $ Cash Accounts Receivable Office Supplies Prepaid Rent Prepaid Insurance Trucks Accumulated Depreciation Trucks Accounts Payable Interest Payable Wages Payable Unearned...
The following unadjusted trial balance is for Groenke Construction Company as of year-end for the December...
The following unadjusted trial balance is for Groenke Construction Company as of year-end for the December 31, 20x7 fiscal year. The December 31, 20x6 credit balance of the stockholders’ equity account is $50,500, and the stockholders invested $45,000 cash in the company during 20x7. Account Title Debit Credit 101 Cash $15,000 126 Supplies $8,500 128 Pre-paid insurance $11,200 167 Equipment $175,000 168 Accumulated depreciation – equipment $19,000 201 Accounts payable $9,250 251 Long-term notes...
The following unadjusted trial balance is for Groenke Construction Company as of year-end for the December...
The following unadjusted trial balance is for Groenke Construction Company as of year-end for the December 31, 20x7 fiscal year. The December 31, 20x6 credit balance of the stockholders’ equity account is $50,500, and the stockholders invested $45,000 cash in the company during 20x7. Account Title Debit Credit 101 Cash $15,000 126 Supplies $8,500 128 Pre-paid insurance $11,200 167 Equipment $175,000 168 Accumulated depreciation – equipment $19,000 201 Accounts payable $9,250 251 Long-term notes payable $45,000 301 Shareholders’ equity $106,900 302 Dividends $15,750 401 Construction Revenue $153,000 623 Wage expense $61,800 633 Interest expense $6,250 640 Rent expense $15,750 683 Property tax...
Part 2: The following unadjusted trial balance is for Groenke Construction Company as of year-end for...
Part 2: The following unadjusted trial balance is for Groenke Construction Company as of year-end for the December 31, 20x7 fiscal year. The December 31, 20x6 credit balance of the stockholders’ equity account is $50,500, and the stockholders invested $45,000 cash in the company during 20x7. Account Title Debit Credit 101 Cash $15,000 126 Supplies $8,500 128 Pre-paid insurance $11,200 167 Equipment $175,000 168 Accumulated depreciation – equipment $19,000 201 Accounts payable $9,250 251 Long-term notes payable $45,000 301 Shareholders’ equity $106,900 302 Dividends $15,750 401 Construction Revenue $153,000 623 Wage expense $61,800 633 Interest expense $6,250 640 Rent expense $15,750...
The following unadjusted trial balance is for Groenke Construction Company as of year-end for the December...
The following unadjusted trial balance is for Groenke
Construction Company as of year-end for the December 31, 20x7
fiscal year. The December 31, 20x6 credit balance of the
stockholders’ equity account is $50,500, and the stockholders
invested $45,000 cash in the company during 20x7.
Account Title
Debit Credit
101 Cash $15,000
126 Supplies $8,500
128 Pre-paid
insurance $11,200
167 Equipment $175,000
168 Accumulated
depreciation – equipment
$19,000
201 Accounts
payable
$9,250
251 Long-term
notes
payable
$45,000
301 Shareholders’
equity
$106,900
302 Dividends $15,750
401 Construction
Revenue $153,000
623 Wage
expense $61,800
633 Interest
expense
$6,250
640 Rent
expense $15,750
683 Property
tax...
Use the Trial Balance for Spartan Inc to answer the
following:
Assuming beginning retained earnings of $0, what is Spartan
Inc.'s ending retained earnings?
Group of answer choices
a. 50,500
b. 300,000
c. 70,000
d. 230,000
1 2 CR 3 $ $ 4 DR 144,000.00 120,000.00 56,000.00 72,000.00 5 S 6 S Spartan Inc. Trial Balance Account # Account Name 101 Cash 111 Accounts Receivable 121 Inventory 131 Equipment 141 Less Accumulated Depreciation 201 Accounts Payable 301 Stock 315 Dividends...
Use the Trial Balance (Links to an external site.) for Hercules
Inc. to answer the following:
What are Total Assets on Hercules' Balance Sheet?
Group of answer choices
a. 0
b. 2,259,000
c. 2,589,000
d. 1,929,000
1 2 Hercules, Inc. Account # 101 3 4 5 111 121 131 6 7 Account Name Cash Accounts Receivable Inventory Equipment Less Accumulated Depreciation Accounts Payable Stock Dividends Revenue Expenses 141 201 301 315 Debit Credit $ 500,000 $ 627,000 $ 82,000 $...
Using Be Prepared, Inc.'s adjusted trial balance and prior period's balance sheet, prepare the following Financial Reports: Credits Debits 423,615.00 $ 25,000.00 in your 540.00 3 • Multi-Step Income Statement for the month of January 2021 (see page textbook for guidance). • Statement of Retained Earnings for the month of January 2021 (see page in your textbook for guidance). Note: There are no prior period adjustments and all dividends declared and paid are cash dividends in the amount of $25,000....
Use the Journal Entries (Links to an external site.) for Tiger
Inc to answer the following:
What is the ending balance of Accounts Receivable?
Group of answer choices
a. 80,000
b. 120,000
c. 50,000
d. 40,000
B D E 1 Tiger Inc. Journal Entries N 3 02/01/2020 DR: Cash A 550,000 4. CR: Stock S 550,000 5 6 02/02/2020 DR: Inventory $ 30,000 7 CR: Cash $ 30,000 8 9 $ 80,000 02/03/2020 DR: Accounts Receivable CR: Revenyue 10 $...
Using Be Prepared, Inc.’s adjusted trial balance and prior
period’s balance sheet, prepare the following Financial Reports:
Multi-Step Income Statement for the month of January 2021 Statement
of Retained Earnings for the month of January 2021 Note: There are
no prior period adjustments and all dividends declared and paid are
cash dividends in the amount of $25,000.
W Download Share Accounting Il Practice Set 2020 ACC 112-4W1 Spring (1).docx File Edit Format Tools Help o na 5 Q a Normal...
Following is the November, 30, 2020 unadjusted trial balance of Zenith Delivery Company, Inc. The account balances represent the results of entries recorded during the first 11 months of 2020. There have been no stock transactions during the year. Zenith Delivery Company, Inc. Unadjusted Trial Balance November 30, 2020 ACCT# DEBITS CREDITS $ 69,660 4,600 730 1.200 6.500 295.000 $ Cash Accounts Receivable Office Supplies Prepaid Rent Prepaid Insurance Trucks Accumulated Depreciation Trucks Accounts Payable Interest Payable Wages Payable Unearned...
The following unadjusted trial balance is for Groenke
Construction Company as of year-end for the December 31, 20x7
fiscal year. The December 31, 20x6 credit balance of the
stockholders’ equity account is $50,500, and the stockholders
invested $45,000 cash in the company during 20x7.
Account Title
Debit Credit
101 Cash $15,000
126 Supplies $8,500
128 Pre-paid
insurance $11,200
167 Equipment $175,000
168 Accumulated
depreciation – equipment
$19,000
201 Accounts
payable
$9,250
251 Long-term
notes
payable
$45,000
301 Shareholders’
equity
$106,900
302 Dividends $15,750
401 Construction
Revenue $153,000
623 Wage
expense $61,800
633 Interest
expense
$6,250
640 Rent
expense $15,750
683 Property
tax...
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