Lynn Dreise is the bookkeeper for Sanculi Company SpA. Lynn has been trying to get the...
Lynn Dreise is the bookkeeper for Sanculi Company SpA. Lynn has been trying to get the statement of financial position of Sanculi Company SpA to balance. Sanculi’s statement of financial position is shown below.
|
SANCULI COMPANY SpA |
|||||||
|
Assets |
Liabilities |
||||||
| Equipment | Є61,978 | Share capital—ordinary | Є64,561 | ||||
| Supplies | 10,330 | Retained earnings | 22,596 | ||||
| Cash | 18,077 | Accounts payable |
25,824 |
||||
| Dividends |
11,621 |
Accounts receivable |
(10,975 |
) | |||
| Total assets |
Є102,006 |
Total equity and liabilities |
Є102,006 |
||||
Prepare a correct statement of financial position.
Homework Answers
Retained earnings ending = Retained earnings beginning - Dividends
= 22,596-11,621
= Є10,975
| SANCULI COMPANY SpA | |||
| Statement of Financial Position | |||
| December 31, 2017 | |||
| Assets | Liabilities | ||
| Cash | 18,077 | Accounts payable | 25,824 |
| Accounts receivable | 10,975 | Total liabilities | 25,824 |
| Supplies | 10,330 | Stockholders Equity | |
| Equipment | 61978 | Share capital—ordinary | 64,561 |
| Retained earnings | 10,975 | ||
| Total assets | Є101,360 | Total equity and liabilities | Є101,360 |
Kindly comment if you need further assistance. Thanks‼!
Add Answer to:
Lynn Dreise is the bookkeeper for Sanculi Company SpA. Lynn has
been trying to get the...
Pina SpA has decided to expand its operations. The bookkeeper recently completed the following statement of...
Pina SpA has decided to expand its operations. The bookkeeper
recently completed the following statement of financial position in
order to obtain additional funds for expansion.
Pina SpA
Statement of Financial Position
December 31, 2022
Current assets
Cash
€235,500
Accounts receivable (net)
345,500
Inventory (at lower-of-average-cost-or-net
realizable value)
406,500
Trading securities—at cost (fair value
€125,500)
145,500
Property, plant, and equipment
Buildings (net)
575,500
Equipment (net)
165,500
Land held for future use
180,500
Intangible assets
Goodwill
85,500
Other identifiable assets
95,500...
Wayne Holtz is the bookkeeper for Sandhill Co. Wayne has been trying to get the balance...
Wayne Holtz is the bookkeeper for Sandhill Co. Wayne has been trying to get the balance sheet of Sandhill Co to balance. It finally balanced, but now he's not sure it is Sandhill Co. Balance Sheet December 31, 2022 Assets Liabilities and Stockholders' Equity Cash $16,300 Accounts payable $15,800 Supplies 10,200 Accounts receivable (12,400) Equipment 42,000 7,200 Dividends Total assets Common stock 46,000 Retained earnings 26,300 Total liabilities and stockholders' equity $75,700 $75,700 Prepare a correct balance sheet. (List assets...
Your answer is partially correct. Wayne Holtz is the bookkeeper for Bonita Industries. Wayne has been...
Your answer is partially correct. Wayne Holtz is the bookkeeper for Bonita Industries. Wayne has been trying to get the balance sheet Bonita Industries Balance Sheet December 31, 2017 Assets Liabilities and Stockholders' Equity Cash $12,800 Accounts 0 $10,800 Supplies 14,700 (17,200 ) 0 Equipment 34,800 45,200 Dividends 13,200 36,700 Retained earning Total liabilities and stockholders' equity Total assets $75,500 $75,500 Prepare a correct balance sheet. (List assets in order of liquidity) Bonita Industries Balance Sheet December 31, 2017 December...
CALCULATORMESSAGE MY INSTRUCTOR FULL SCRE John Tate is the bookkeeper for Gabelli Company. John has been...
CALCULATORMESSAGE MY INSTRUCTOR FULL SCRE John Tate is the bookkeeper for Gabelli Company. John has been trying to get the balance sheet of Gabelli Company to balance. It finally bala correct. GABELLI COMPANY December 31, 2014 $12,500 Accounts payable Balance Sheet lities and Stockholders' Equity Cash Supplies Equipment Dividends Total assets 9,500 Accounts receivable 50,000 Common stock 13,000 Retained earnings $18,000 (12,000) 40,000 39,000 $85,000 Total liabilities and stockholders equity $85.000 Prepare a correct balance sheet. GABELLI COMPANY Balance Sheet...
PHANIE VEHS BACK NEXT Wayne Holtz is the bookkeeper for Carla Vista Co.. Wayne has been...
PHANIE VEHS BACK NEXT Wayne Holtz is the bookkeeper for Carla Vista Co.. Wayne has been trying to get the balance sheet of Carla Vista Co, to balance. It finally balanced, but now he's not sure it is correct. Assets Cash Supplies Equipment Dividends Carla Vista Co. Balance Sheet December 31, 2022 Liabilities and Stockholders' Equity $15,700 Accounts payable $15,000 9,400 Accounts receivable (12,400) 37,500 Common stock 46,000 6,000 Retained earnings 20,000 $68,600 Total liabilities and stockholders $68,600 equity Total...
Exercise 1-13 Debra King is the bookkeeper for Cullumber Company. Debra has been trying to determine...
Exercise 1-13 Debra King is the bookkeeper for Cullumber Company. Debra has been trying to determine the correct balance sheet for Cullumber Company. Cullumber's balance sheet is shown below CULLUMBER COMPANY Balance Sheet December 31, 2020 Assets Liabilities Cash Supplies Equipment Owner's drawings $21,036 Accounts payable 11,219 64,510 18,231 $114,996 Accounts receivable Owner's capital Total liabilities and owner's equity $29,450 (9,116) 94,662 $114,996 Total assets Prepare a correct balance sheet. (List Assets in order of liquidity.)
The financial statements of Sol Company appear below: Sol COMPANY Comparative Statements of Financial Position December...
The financial statements of Sol Company appear below: Sol COMPANY Comparative Statements of Financial Position December 31, 2017 ———————————————————————————————————————— Assets 2017 2016 Property, plant and equipment (net).................................................. $260,000 $300,000 Inventory............................................................................................ 50,000 70,000 Accounts receivable (net).................................................................. 50,000 30,000 Short-term investments..................................................................... 15,000 60,000 Cash................................................................................................... 25,000 40,000 Total assets ................................................................................ $400,000 $500,000 Equity and liabilities Share capital – ordinary.................................................................... $150,000 $150,000 Retained earnings.............................................................................. 110,000 70,000 Bonds payable................................................................................... 80,000 160,000...
The financial statements of Sol Company appear below: Sol COMPANY Comparative Statements of Financial Position December...
The financial statements of Sol Company appear below: Sol COMPANY Comparative Statements of Financial Position December 31, 2017 ———————————————————————————————————————— Assets 2017 2016 Property, plant and equipment (net).................................................. $260,000 $300,000 Inventory............................................................................................ 50,000 70,000 Accounts receivable (net).................................................................. 50,000 30,000 Short-term investments..................................................................... 15,000 60,000 Cash................................................................................................... 25,000 40,000 Total assets ................................................................................ $400,000 $500,000 Equity and liabilities Share capital – ordinary.................................................................... $150,000 $150,000 Retained earnings.............................................................................. 110,000 70,000 Bonds payable................................................................................... 80,000 160,000...
can someone please double check my work? The night manager of Dixie Transportation Servico, who had...
can someone please double check my work?
The night manager of Dixie Transportation Servico, who had no accounting background, prepared the following statement of financial position for the company at February 28, 2013. The dollar amounts were taken directly from the company's accounting records and are correct. However, the statement of financial position contains a number of errors in its headings, format, and the classification of assets, liabilities, and equity Assets Share Capital Retained Earnings Cash Building Automobiles DIXIE TRANSPORTATION...
Total: 23 Marks Question 4 Suggested time allocation: 414 Minutes The comparative statements of Gong Limited are pre...
Total: 23 Marks Question 4 Suggested time allocation: 414 Minutes The comparative statements of Gong Limited are presented below. Gong Limited Income Statement For the year ended 30 June 2018 $ 600,000 2017 Net sales (all on account) Expenses: Cost of sales 520,000 415,000 123,800 354,000 114,800 6,000 14,000 488,800 31,200 Selling and administrative Interest Expense Income tax expense Total expenses Profit 7,800 18,000 564,600 35,400 Gong Limited Statement of Financial Position As at 30 June Assets 2018 2017 Current...
Pina SpA has decided to expand its operations. The bookkeeper
recently completed the following statement of financial position in
order to obtain additional funds for expansion.
Pina SpA
Statement of Financial Position
December 31, 2022
Current assets
Cash
€235,500
Accounts receivable (net)
345,500
Inventory (at lower-of-average-cost-or-net
realizable value)
406,500
Trading securities—at cost (fair value
€125,500)
145,500
Property, plant, and equipment
Buildings (net)
575,500
Equipment (net)
165,500
Land held for future use
180,500
Intangible assets
Goodwill
85,500
Other identifiable assets
95,500...
Wayne Holtz is the bookkeeper for Sandhill Co. Wayne has been trying to get the balance sheet of Sandhill Co to balance. It finally balanced, but now he's not sure it is Sandhill Co. Balance Sheet December 31, 2022 Assets Liabilities and Stockholders' Equity Cash $16,300 Accounts payable $15,800 Supplies 10,200 Accounts receivable (12,400) Equipment 42,000 7,200 Dividends Total assets Common stock 46,000 Retained earnings 26,300 Total liabilities and stockholders' equity $75,700 $75,700 Prepare a correct balance sheet. (List assets...
Your answer is partially correct. Wayne Holtz is the bookkeeper for Bonita Industries. Wayne has been trying to get the balance sheet Bonita Industries Balance Sheet December 31, 2017 Assets Liabilities and Stockholders' Equity Cash $12,800 Accounts 0 $10,800 Supplies 14,700 (17,200 ) 0 Equipment 34,800 45,200 Dividends 13,200 36,700 Retained earning Total liabilities and stockholders' equity Total assets $75,500 $75,500 Prepare a correct balance sheet. (List assets in order of liquidity) Bonita Industries Balance Sheet December 31, 2017 December...
CALCULATORMESSAGE MY INSTRUCTOR FULL SCRE John Tate is the bookkeeper for Gabelli Company. John has been trying to get the balance sheet of Gabelli Company to balance. It finally bala correct. GABELLI COMPANY December 31, 2014 $12,500 Accounts payable Balance Sheet lities and Stockholders' Equity Cash Supplies Equipment Dividends Total assets 9,500 Accounts receivable 50,000 Common stock 13,000 Retained earnings $18,000 (12,000) 40,000 39,000 $85,000 Total liabilities and stockholders equity $85.000 Prepare a correct balance sheet. GABELLI COMPANY Balance Sheet...
PHANIE VEHS BACK NEXT Wayne Holtz is the bookkeeper for Carla Vista Co.. Wayne has been trying to get the balance sheet of Carla Vista Co, to balance. It finally balanced, but now he's not sure it is correct. Assets Cash Supplies Equipment Dividends Carla Vista Co. Balance Sheet December 31, 2022 Liabilities and Stockholders' Equity $15,700 Accounts payable $15,000 9,400 Accounts receivable (12,400) 37,500 Common stock 46,000 6,000 Retained earnings 20,000 $68,600 Total liabilities and stockholders $68,600 equity Total...
Exercise 1-13 Debra King is the bookkeeper for Cullumber Company. Debra has been trying to determine the correct balance sheet for Cullumber Company. Cullumber's balance sheet is shown below CULLUMBER COMPANY Balance Sheet December 31, 2020 Assets Liabilities Cash Supplies Equipment Owner's drawings $21,036 Accounts payable 11,219 64,510 18,231 $114,996 Accounts receivable Owner's capital Total liabilities and owner's equity $29,450 (9,116) 94,662 $114,996 Total assets Prepare a correct balance sheet. (List Assets in order of liquidity.)
can someone please double check my work?
The night manager of Dixie Transportation Servico, who had no accounting background, prepared the following statement of financial position for the company at February 28, 2013. The dollar amounts were taken directly from the company's accounting records and are correct. However, the statement of financial position contains a number of errors in its headings, format, and the classification of assets, liabilities, and equity Assets Share Capital Retained Earnings Cash Building Automobiles DIXIE TRANSPORTATION...
Total: 23 Marks Question 4 Suggested time allocation: 414 Minutes The comparative statements of Gong Limited are presented below. Gong Limited Income Statement For the year ended 30 June 2018 $ 600,000 2017 Net sales (all on account) Expenses: Cost of sales 520,000 415,000 123,800 354,000 114,800 6,000 14,000 488,800 31,200 Selling and administrative Interest Expense Income tax expense Total expenses Profit 7,800 18,000 564,600 35,400 Gong Limited Statement of Financial Position As at 30 June Assets 2018 2017 Current...
Most questions answered within 3 hours.
-
In Netherland Dwarf rabbits, dwarf size is determined by allele
N, and normal-size by allele n....
asked 2 minutes from now -
During Heaton Company’s first two years of operations, it
reported absorption costing net operating income as...
asked 11 minutes ago -
Consider testing the
hypotheses:
H0: p = 0.56
H1: p > 0.56
where p is
the...
asked 14 minutes ago -
In a two-factor analysis of variance a main effect is defined as
____.
a. the unique...
asked 22 minutes ago -
A bank's loan officer rates applicants for credit. The ratings
are normally distributed with a mean...
asked 22 minutes ago -
Fill in the following information for Adipic Acid: molecular
weight, g or ml, mole, melting point,...
asked 28 minutes ago -
how
to use a for loop to iterate over the string below and print each
character...
asked 30 minutes ago -
Please type answer, Thanks.
Respond to the following in a minimum of 175
words:
Research industry...
asked 29 minutes ago -
Assume that all interest rates in the economy increase from 9
percent to 10 percent. Which...
asked 39 minutes ago -
Describe the function of a Change Control Board.
When calculating Planned Value (PV), what is the...
asked 45 minutes ago -
The customer help center in your company receives calls from
customers who need help with some...
asked 56 minutes ago -
A manufacturer wished to compare the wearing qualities of two
different types of automobile tires, A...
asked 54 minutes ago