Answer | |
Baby's place, Inc. Balance sheet January 31,2018 |
|
Particulars | Amounts |
Assets | |
Current Assets: | |
Cash | $ 3,100 |
Inventory | $ 3,500 |
Accounts receivable | $ 3,400 |
Prepaid rent | $ 1,900 |
Estimated inventory returns | $ 400 |
Total current assets | $ 12,300 |
Property plant and equipment | |
Equipment, net | $ 24,100 |
Total Assets | $ 36,400 |
Liabilities | |
Current liabilities: | |
Accounts payable | $ 4,800 |
Estimated refund liability | $ 700 |
Salaries payable | $ 1,200 |
Accrued liabilities | $ 1,800 |
Total current liabilities | $ 8,500 |
Long term notes payable | $ 15,000 |
Total Liabilities | $ 23,500 |
Stockholder's equity | |
Total Stockholder's equity | $ 12,900 |
Total Stockholder's equity and liabilities | $ 36,400 |
The accounting records for Baby's Place, Inc., reflected the following amounts at the end of December...
54-12 (similar to) Question Help The accounting records for ALB, Inc., reflected the following amounts at the end of July 2018 (Click the icon to view the accounts.) Prepare the classified balance sheet for ALB, Inc., at July 31, 2018. Use the report format. Begin by preparing the heading and completing the assets section of the balance sheet. Next, complete the liabilities and stockholders' equity sections of the statement ALB, Inc. Balance Sheet July 31, 2018 Assets Current Assets: Choose...
S4-12 (similar to) The accounting records for Bob's Auto Parts, Inc., reflected the following amounts at the end of May 2018. B! (Click the icon to view the accounts.) Prepare the classified balance sheet for Bob's Auto Parts, Inc., at May 31, 2018. Use the report format. Begin by preparing the heading and completing the assets section of the balance sheet. Next, complete the liabilities and stockholders' equity sections of the statement. Bob's Auto Parts, Inc. Balance Sheet May 31,...
The accounting records for Toys for Big Boys, Inc., reflected the following amounts at the end of May 2018. Prepare the classified balance sheet for Toys for Big Boys, Inc., at May 31, 2018. Use the report format. Begin by preparing the heading and completing the assets section of the balance sheet. Next, complete the liabilities and stockholders' equity sections of the statement.
Like Home, Inc., includes the following selected accounts in its general ledger at December 31, 2018: (Click the icon to view the accounts.) Prepare the liabilities section of Like Home, Inc.'s, balance sheet at December 31, 2018, to show how the company would report these items. Report total current liabilities and total liabilities. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) Liabilities Choose from any list...
The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. Part 1 of 3 December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2018 $ 43,611 23,672 3,734 114,628 44,855 2019 $ 6,629 18,559 2,735 122,100 53,855 149,529 37,314 30,867 86,843 2.5 points 235 eBook Required: 1. Prepare balance sheets for the business as of December 31, 2018 and 2019. Hint: Report only total...
The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. Part 1 of 3 December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2018 $ 43,611 23,672 3,734 114,628 44,855 2019 $ 6,629 18,559 2,735 122,100 53,855 149,529 37,314 30,867 86,843 2.5 points 62,235 eBook Required: 1. Prepare balance sheets for the business as of December 31, 2018 and 2019. Hint: Report only total...
S4-11 (similar to) Question Help The accounting records for Margie's Hair Products, Inc., reflected the following amounts at the end of January 2018: Click the icon to view the accounts.) Prepare Margie's Hair Products's multistep income statement for the fiscal year ended January 31, 2018. (Use a minus sign or parentheses for a loss.) Margie's Hair Products, Inc. Income Statement Year Ended January 31, 2018 Operating income (loss) Net Income (loss) Choose from any list or enter any number in...
Presented below is the adjusted trial balance of Tamarisk, Inc. at December 31, 2017. Prepare a classified balance sheet as of December 31, 2017. We were unable to transcribe this imageTamarisk, Inc. Balance Sheet December 31, 2017 Assets Current Assets Cash $ Accounts Receivable Supplies Prepaid Insurance Total Current Assets $ Equipment Less Accumulated Depreciation-Equipment Trademarks Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Salaries and Wages Payable Unearned Service Revenue Total Current Liabilities Long-term Liabilities Bonds Payable...
reach yea Sigma Designs, Inc. Comparative Balance Sheet December 31, 2018 and 2017 ace, X.X%.) nce sheet 1 2018 2017 ns, Inc. Sheet 18 and 201 ercent of T Assets Total Current Assets Property, Plant, and Equipment, Net $ 42,750 $ 208,335 33,915 285,000 $ 69,300 184,275 61,425 315,000 Other Assets $ Total Assets Liabilities Total Current Liabilities $ 49,020 $ 109,155 158,175 53,550 204,750 258,300 Long-term Debt Total Liabilities Stockholders' Equity 126,825 285,000 $ 56,700 315,000 Total Stockholders' Equity...
WCUCCICUCULUM Required Information The following information applies to the questions displayed below] The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. December 31 Cash Accounts receivable Office supplies Office equiptent Trucks Building Land Accounts payable Note payable 2018 $ 64,300 26,240 3,160 44,000 148,000 2019 5 15,640 19,100 1.968 44,00 157,00 80,000 60,000 33,500 40.000 @ 3.500 Required: 1. Prepare balance sheets for the business as of December 31, 2018...