Homework Answers
Total liabilities and stockholders equity:
= $18,000 + $42,000 + $70,000 + $60,000 - $14,000 + ($133,000 - $6,000 - $32,000 - $17,000 - $3,000 - $12,000 - $21,000)
= $218,000
Option b.
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23. The following items are taken from the financial statements of the Postal Service for the...
23. The following items are taken from the financial statements of the Postal Service for the...
23. The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2020: Accounts payable $ 18,000 Accounts receivable 11,000 Accumulated depreciation - equipment 28,000 Advertising expense 21,000 Cash 15,000 Common stock 42,000 Dividends 14,000 Depreciation expense 12,000 Equipment 210,000 Insurance expense 3,000 Note payable, due 6/30/21 70,000 Prepaid insurance (12-month policy) 6,000 Rent expense 17,000 Retained earnings (1/1/20) 60,000 Salaries and wages expense 32,000 Service revenue 133,000 Supplies 4,000 Supplies expense...
24. The following items are taken from the financial statements of the Postal Service for the...
24. The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2020: Accounts payable $ 18,000 Accounts receivable 11,000 Accumulated depreciation - equipment 28,000 Advertising expense 21,000 Cash 15,000 Common stock 42,000 Dividends 14,000 Depreciation expense 12,000 Equipment 210,000 Insurance expense 3,000 Note payable, due 6/30/21 70,000 Prepaid insurance (12-month policy) 6,000 Rent expense 17,000 Retained earnings (1/1/20) 60,000 Salaries and wages expense 32,000 Service revenue 133,000 Supplies 4,000 Supplies expense...
24. The following items are taken from the financial statements of the Postal Service for the...
24. The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2020: Accounts payable $ 18,000 Accounts receivable 11,000 Accumulated depreciation - equipment 28,000 Advertising expense 21,000 Cash 15,000 Common stock 42,000 Dividends 14,000 Depreciation expense 12,000 Equipment 210,000 Insurance expense 3,000 Note payable, due 6/30/21 70,000 Prepaid insurance (12-month policy) 6,000 Rent expense 17,000 Retained earnings (1/1/20) 60,000 Salaries and wages expense 32,000 Service revenue 133,000 Supplies 4,000 Supplies expense...
please solve this problem and explain step by step as to how you got the answer...
please solve this problem and explain step by step as to how
you got the answer
IUX, X Aay.A. EZ 9... 1 Normal 1 No Spac... Heading 1 Heading 2 Title Subtitle Font 23. Paragraph Styles The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2020: Accounts payable $. 18.000 Accounts receivable 11,000 Accumulated depreciation - equipment 28,000 Advertising expense 21,000 Cash 15,000 Common stock 42,000 Dividends 14,000 Depreciation expense...
please solve this problem and explain step by step as to how you got the answer....
please solve this problem and explain step by step as to how
you got the answer.
AaBoCCL тавьсс на врс АавbccL Нар Аавьс 1 No Spac... Heading 1 Heading 2 Title Subtitle U abe x, x' Aay.A. 1 Normal Font F Paragraph Styles 24. The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2020: Accounts payable $ 18,000 Accounts receivable 11,000 Accumulated depreciation - equipment 28,000 Advertising expense 21,000 Cash...
Question 1 (20%) The following items are taken from the financial statements of Trump Company for...
Question 1 (20%) The following items are taken from the financial statements of Trump Company for 2017 Accounts payable Accounts receivable Accumulated depreciation-equipment Advertising expense Cash Common stock Depreciation expense Dividends Equipment Insurance expense Notes payable (due 2020) Prepaid insurance Rent expense Retained earnings (beginning) Salaries and wages expense Salaries and wages payable Service revenue Supplies Supplies expense $ 10,000 11,000 38,000 21,000 14,000 90,000 12,000 15,000 210,000 3,000 70,000 6,000 17,000 12,000 34,000 3,000 130,000 4,000 6,000 Instructions: (a)...
The following items are taken from the financial statements of the Pronghorn Service for the year...
The following items are taken
from the financial statements of the Pronghorn Service for the year
ending December 31, 2018: Accounts payable $ 17700 Accounts
receivable 11000 Accumulated depreciation – equipment 27900
Advertising expense 21400 Cash 14900 Common stock 41400 Dividends
14100 Depreciation expense 12300 Insurance expense 3100 Note
payable, due 6/30/19 70200 Prepaid insurance (12-month policy) 6200
Rent expense 17000 Retained earnings (1/1/18) 60550 Salaries and
wages expense 32700 Service revenue 134200 Supplies 3900 Supplies
expense 6100 Equipment 209250...
Please follow the instructions in an Excel spreadsheet. I will thumbs up the answer, thanks. MGMT...
Please follow the instructions in an Excel spreadsheet. I will
thumbs up the answer, thanks.
MGMT FFAC Chapter 2: Exercise These items are taken from the accounting records of Entity A for 2020. Accounts payable Accounts receivable Accumulated depreciation equipment Advertising expense Cash Common stock Copyright Depreciation expense Dividends Equipment Ford Motor Co. stock (long-term investment) Insurance expense Notes payable (due 2028) Prepaid insurance Rent expense Retained eamings (beginning) Salaries and wages expense Salaries and wages payable Service revenue Supplies...
Syner-T Company Adjusted Trial Balance Year ending December 31, 2016 Balances 17,000 22,800 26,000 21,200 35,000...
Syner-T Company Adjusted Trial Balance Year ending December 31, 2016 Balances 17,000 22,800 26,000 21,200 35,000 104,000 11,000 12,000 Accounts payable Accounts receivable Accumulated depreciation - equipment Advertising expense Cash Owner's capital (1/1/16) Owner's drawings Depreciation expense Insurance expense Mortgage payable, due 12/15/21 Note payable, due 6/30/17 Prepaid insurance (12-month policy) Rent expense Salaries and wages expense Service revenue Supplies Supplies expense Equipment Unearned revenue 3,800 30,000 36,000 7,200 16,000 32,000 135,000 5,000 6,000 210,000 2,000 Classify and present the...
Problem 2-02A (Part Level Submission) These items are taken from the financial statements of Blossom Company...
Problem 2-02A (Part Level Submission) These items are taken from the financial statements of Blossom Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $32,000 2,100 67,000 19,900 11,100 4,000 22,000 12,000 3,000 5,500 2,100 69,000 4,500 1,700 3,500 12,700 2,300 38,000 18,600...
23. The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2020: Accounts payable $ 18,000 Accounts receivable 11,000 Accumulated depreciation - equipment 28,000 Advertising expense 21,000 Cash 15,000 Common stock 42,000 Dividends 14,000 Depreciation expense 12,000 Equipment 210,000 Insurance expense 3,000 Note payable, due 6/30/21 70,000 Prepaid insurance (12-month policy) 6,000 Rent expense 17,000 Retained earnings (1/1/20) 60,000 Salaries and wages expense 32,000 Service revenue 133,000 Supplies 4,000 Supplies expense...
24. The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2020: Accounts payable $ 18,000 Accounts receivable 11,000 Accumulated depreciation - equipment 28,000 Advertising expense 21,000 Cash 15,000 Common stock 42,000 Dividends 14,000 Depreciation expense 12,000 Equipment 210,000 Insurance expense 3,000 Note payable, due 6/30/21 70,000 Prepaid insurance (12-month policy) 6,000 Rent expense 17,000 Retained earnings (1/1/20) 60,000 Salaries and wages expense 32,000 Service revenue 133,000 Supplies 4,000 Supplies expense...
24. The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2020: Accounts payable $ 18,000 Accounts receivable 11,000 Accumulated depreciation - equipment 28,000 Advertising expense 21,000 Cash 15,000 Common stock 42,000 Dividends 14,000 Depreciation expense 12,000 Equipment 210,000 Insurance expense 3,000 Note payable, due 6/30/21 70,000 Prepaid insurance (12-month policy) 6,000 Rent expense 17,000 Retained earnings (1/1/20) 60,000 Salaries and wages expense 32,000 Service revenue 133,000 Supplies 4,000 Supplies expense...
please solve this problem and explain step by step as to how
you got the answer
IUX, X Aay.A. EZ 9... 1 Normal 1 No Spac... Heading 1 Heading 2 Title Subtitle Font 23. Paragraph Styles The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2020: Accounts payable $. 18.000 Accounts receivable 11,000 Accumulated depreciation - equipment 28,000 Advertising expense 21,000 Cash 15,000 Common stock 42,000 Dividends 14,000 Depreciation expense...
please solve this problem and explain step by step as to how
you got the answer.
AaBoCCL тавьсс на врс АавbccL Нар Аавьс 1 No Spac... Heading 1 Heading 2 Title Subtitle U abe x, x' Aay.A. 1 Normal Font F Paragraph Styles 24. The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2020: Accounts payable $ 18,000 Accounts receivable 11,000 Accumulated depreciation - equipment 28,000 Advertising expense 21,000 Cash...
Question 1 (20%) The following items are taken from the financial statements of Trump Company for 2017 Accounts payable Accounts receivable Accumulated depreciation-equipment Advertising expense Cash Common stock Depreciation expense Dividends Equipment Insurance expense Notes payable (due 2020) Prepaid insurance Rent expense Retained earnings (beginning) Salaries and wages expense Salaries and wages payable Service revenue Supplies Supplies expense $ 10,000 11,000 38,000 21,000 14,000 90,000 12,000 15,000 210,000 3,000 70,000 6,000 17,000 12,000 34,000 3,000 130,000 4,000 6,000 Instructions: (a)...
The following items are taken
from the financial statements of the Pronghorn Service for the year
ending December 31, 2018: Accounts payable $ 17700 Accounts
receivable 11000 Accumulated depreciation – equipment 27900
Advertising expense 21400 Cash 14900 Common stock 41400 Dividends
14100 Depreciation expense 12300 Insurance expense 3100 Note
payable, due 6/30/19 70200 Prepaid insurance (12-month policy) 6200
Rent expense 17000 Retained earnings (1/1/18) 60550 Salaries and
wages expense 32700 Service revenue 134200 Supplies 3900 Supplies
expense 6100 Equipment 209250...
Please follow the instructions in an Excel spreadsheet. I will
thumbs up the answer, thanks.
MGMT FFAC Chapter 2: Exercise These items are taken from the accounting records of Entity A for 2020. Accounts payable Accounts receivable Accumulated depreciation equipment Advertising expense Cash Common stock Copyright Depreciation expense Dividends Equipment Ford Motor Co. stock (long-term investment) Insurance expense Notes payable (due 2028) Prepaid insurance Rent expense Retained eamings (beginning) Salaries and wages expense Salaries and wages payable Service revenue Supplies...
Syner-T Company Adjusted Trial Balance Year ending December 31, 2016 Balances 17,000 22,800 26,000 21,200 35,000 104,000 11,000 12,000 Accounts payable Accounts receivable Accumulated depreciation - equipment Advertising expense Cash Owner's capital (1/1/16) Owner's drawings Depreciation expense Insurance expense Mortgage payable, due 12/15/21 Note payable, due 6/30/17 Prepaid insurance (12-month policy) Rent expense Salaries and wages expense Service revenue Supplies Supplies expense Equipment Unearned revenue 3,800 30,000 36,000 7,200 16,000 32,000 135,000 5,000 6,000 210,000 2,000 Classify and present the...
Problem 2-02A (Part Level Submission) These items are taken from the financial statements of Blossom Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $32,000 2,100 67,000 19,900 11,100 4,000 22,000 12,000 3,000 5,500 2,100 69,000 4,500 1,700 3,500 12,700 2,300 38,000 18,600...
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