RAWR Company provided the following account balances on December 31, 2023: Accounts payable, P125,000; Accrued taxes,...
Homework Answers
| Amount in P | ||
| Ordinary share capital | 1,000,000 | |
| Add: Share premium-ordinary | 250,000 | |
| Add: Preference liability | 450,000 | |
| Add: Accumulated profits-December 31, 2023 | 550,000 | |
| Shareholders’ equity on December 31, 2023 | 2,250,000 | |
Add Answer to:
RAWR Company provided the following account balances on
December 31, 2023:
Accounts payable, P125,000; Accrued taxes,...
Please redo this question... Neither 2,250,000 & 1,250,000 is correct. What's the correct answer? RAWR Company...
Please redo this question... Neither 2,250,000 & 1,250,000 is
correct. What's the correct answer?
RAWR Company provided the following account balances on December 31, 2023: Accounts payable, P125,000; Accrued taxes, P50,000; Cash surrender value of life insurance, P30,000; Ordinary share capital, P1,000,000; Share dividend payable-ordinary, P150,000; Mortgage payable (P200,000 due in six months), P1,200,000; Notes payable-20%, due on January 2, 2024, P1,500,000; Share premium-ordinary, P250,000; Preference liability, P450,000; Accumulated profits- December 31, 2023, P550,000; Unearned rent income, P25,000; Dividends payable-...
CPA-CIA in progress provided the following account balances on December 31, 2023 which had been adjusted...
CPA-CIA in progress provided the following account balances on December 31, 2023 which had been adjusted except for income tax expense: Cash 800,000 Accounts receivable 2,800,000 Inventory 3,000,000 Property, plant and equipment at carrying amount 10,500,000 Accounts payable 1,800,000 Income tax payable 2,400,000 Bonds payable – due December 31, 2024. 1,300,000 Share capital 2,500,000 Share premium 3,000,000 Retained earnings, January 1. 1,000,000 Net sales and other revenue 20,000,000 Costs and expenses 12,000,000 Income tax expense 2,900,000 The accounts receivable included...
CPA-CIA in progress provided the following account balances on December 31, 2023 which had been adjusted...
CPA-CIA in progress provided the following account balances on December 31, 2023 which had been adjusted except for income tax expense: Cash ....................... ....................... ....................... ..... 800,000 Accounts receivable ....................... ....................... ....................... ..... 2,800,000 Inventory ....................... ....................... ....................... ..... 3,000,000 Property, plant and equipment at carrying amount ....................... ....................... ....................... ..... 10,500,000 Accounts payable ....................... ....................... ....................... ..... 1,800,000 Income tax payable ....................... ....................... ....................... ..... 2,400,000 Bonds payable – due December 31, 2024 ....................... ....................... ....................... ..... 1,300,000 Share...
TEL Company provided the following account balances on December 31, 2019: Accounts receivable 400,000.00 Advances to...
TEL Company provided the following account balances on December 31, 2019: Accounts receivable 400,000.00 Advances to officers-not-currently collectible 100,000.00 Sinking fund 400,000.00 Building 5,000,000.00 Long-term refundable deposit 50,000.00 Cash and cash equivalents 500,000.00 Cash surrender value 60,000.00 Equipment 1,000,000.00 Lease rights 100,000.00 Accrued interest on notes receivable 10,000.00 Inventories 1,300,000.00 Land 1,500,000.00 Land held for speculation 500,000.00 Notes receivable 250,000.00 Computer software 3,250,000.00 Prepaid expenses 70,000.00 Trading securities 280,000.00 Unearned rent income 40,000.00 Retained earnings (deficit) (1,800,000.00) Share premium -...
Refer to the following list of liability balances at December 31, 2019. Accounts Payable $13,000 Employee...
Refer to the following list of liability balances at December 31, 2019. Accounts Payable $13,000 Employee Health Insurance Payable 850 Employee Income Tax Payable 700 Estimated Warranty Payable (Due 2020) 1,000 Longminus−Term Notes Payable (Due 2022) 34,000 FICAlong dash—OASDI Taxes Payable 1,460 Sales Tax Payable 970 Mortgage Payable (Due 2023) 13,000 Bonds Payable (Due 2024) 59,000 Current Portion of Longminus−Term Notes Payable 3,500 What is the total amount of long−term liabilities? A.$47,000 B.$93,000 C.$106,000 D.$ 34,000
Refer to the following list of liability balances at December 31, 2019 Accounts Payable Employee Health...
Refer to the following list of liability balances at December 31, 2019 Accounts Payable Employee Health Insurance Payable Employee Income Tax Payable Estimated Warranty Payable (Due 2020) Long Term Notes Payable (Due 2022) FICA OASDI Taxes Payable Sales Tax Payable Mortgage Payable (Due 2023) Bonds Payable (Due 2024) Current Portion of Long Term Notes Payable What is the total amount of lona -term liabilities? $22,000 650 1,000 700 34,000 1,060 670 15,000 60,000 12,500 O A. $94,000 O B. $49,000...
Refer to the following list of liability balances at December 31, 2019. Accounts Payable Employee Health...
Refer to the following list of liability balances at December 31, 2019. Accounts Payable Employee Health Insurance Payable Employee Income Tax Payable Estimated Warranty Payable (Due 2020) Long-Term Notes Payable (Due 2022) FICA-OASDI Taxes Payable $24,000 1,450 1,000 1,600 43,000 1,060 Sales Tax Payable Mortgage Payable (Due 2023) Bonds Payable (Due 2024) Current Portion of Long Term Notes Payable 1,070 6,000 61,000 9,500 What is the total amount of long-term liabilities? O A. $104,000 O B. $49,000 O C. $110,000...
Refer to the following list of liability balances at December 31, 2019. Accounts Payable $13,000 Employee...
Refer to the following list of liability balances at December 31, 2019. Accounts Payable $13,000 Employee Health Insurance Payable 1,150 Employee Income Tax Payable 1,200 Estimated Warranty Payable (Due 2020) 1,500 Long-Term Notes Payable (Due 2022) 41,000 FICA-OASDI Taxes Payable 1,160 Sales Tax Payable 770 Mortgage Payable (Due 2023) 8,000 Bonds Payable (Due 2024) 59,000 Current Portion of Long - Term Notes Payable 5,500 What is the total amount of long-term liabilities? A. $100,000 OB. $108,000 OC. $41,000 OD. $49,000...
Presented here are liability items for Larkspur Inc at December 31, 2022. Accounts payable Notes payable...
Presented here are liability items for Larkspur Inc at December 31, 2022. Accounts payable Notes payable (due May 1, 2023) Bonds payable (due 2026) Unearned rent revenue Discount on bonds payable $227.650 FICA taxes payable $11,310 29,000 Interest payable 58,000 1.305.000 Notes payable (due 2024) 116,000 348,000 Income taxes payable 5.075 59,450 Sales taxes payable 2,465 Prepare the liabilities section of Larkspur's balance sheet. LARKSPUR INC. Balance sheet (Partial)
Presented here are liability items for Marin Inc. at December 31, 2022. $141,300 $7,020 Accounts payable...
Presented here are liability items for Marin Inc. at December 31, 2022. $141,300 $7,020 Accounts payable FICA taxes payable Notes payable (due May 1, 2023) 18,000 Interest payable 36,000 Bonds payable (due 2026) Notes payable (due 2024) 810,000 72,000 Unearned rent revenue 216,000 Income taxes payable 3,150 Discount on bonds payable 1,530 36,900 Sales taxes payable Prepare the liabilities section of Marin's balance sheet. MARIN INC. Balance sheet (Partial) December 31, 2022
Please redo this question... Neither 2,250,000 & 1,250,000 is
correct. What's the correct answer?
RAWR Company provided the following account balances on December 31, 2023: Accounts payable, P125,000; Accrued taxes, P50,000; Cash surrender value of life insurance, P30,000; Ordinary share capital, P1,000,000; Share dividend payable-ordinary, P150,000; Mortgage payable (P200,000 due in six months), P1,200,000; Notes payable-20%, due on January 2, 2024, P1,500,000; Share premium-ordinary, P250,000; Preference liability, P450,000; Accumulated profits- December 31, 2023, P550,000; Unearned rent income, P25,000; Dividends payable-...
Refer to the following list of liability balances at December 31, 2019 Accounts Payable Employee Health Insurance Payable Employee Income Tax Payable Estimated Warranty Payable (Due 2020) Long Term Notes Payable (Due 2022) FICA OASDI Taxes Payable Sales Tax Payable Mortgage Payable (Due 2023) Bonds Payable (Due 2024) Current Portion of Long Term Notes Payable What is the total amount of lona -term liabilities? $22,000 650 1,000 700 34,000 1,060 670 15,000 60,000 12,500 O A. $94,000 O B. $49,000...
Refer to the following list of liability balances at December 31, 2019. Accounts Payable Employee Health Insurance Payable Employee Income Tax Payable Estimated Warranty Payable (Due 2020) Long-Term Notes Payable (Due 2022) FICA-OASDI Taxes Payable $24,000 1,450 1,000 1,600 43,000 1,060 Sales Tax Payable Mortgage Payable (Due 2023) Bonds Payable (Due 2024) Current Portion of Long Term Notes Payable 1,070 6,000 61,000 9,500 What is the total amount of long-term liabilities? O A. $104,000 O B. $49,000 O C. $110,000...
Refer to the following list of liability balances at December 31, 2019. Accounts Payable $13,000 Employee Health Insurance Payable 1,150 Employee Income Tax Payable 1,200 Estimated Warranty Payable (Due 2020) 1,500 Long-Term Notes Payable (Due 2022) 41,000 FICA-OASDI Taxes Payable 1,160 Sales Tax Payable 770 Mortgage Payable (Due 2023) 8,000 Bonds Payable (Due 2024) 59,000 Current Portion of Long - Term Notes Payable 5,500 What is the total amount of long-term liabilities? A. $100,000 OB. $108,000 OC. $41,000 OD. $49,000...
Presented here are liability items for Larkspur Inc at December 31, 2022. Accounts payable Notes payable (due May 1, 2023) Bonds payable (due 2026) Unearned rent revenue Discount on bonds payable $227.650 FICA taxes payable $11,310 29,000 Interest payable 58,000 1.305.000 Notes payable (due 2024) 116,000 348,000 Income taxes payable 5.075 59,450 Sales taxes payable 2,465 Prepare the liabilities section of Larkspur's balance sheet. LARKSPUR INC. Balance sheet (Partial)
Presented here are liability items for Marin Inc. at December 31, 2022. $141,300 $7,020 Accounts payable FICA taxes payable Notes payable (due May 1, 2023) 18,000 Interest payable 36,000 Bonds payable (due 2026) Notes payable (due 2024) 810,000 72,000 Unearned rent revenue 216,000 Income taxes payable 3,150 Discount on bonds payable 1,530 36,900 Sales taxes payable Prepare the liabilities section of Marin's balance sheet. MARIN INC. Balance sheet (Partial) December 31, 2022
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