Based on your financial statements for Business Solutions answer the following questions:
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Complete the accounting equation for Business Solutions using the amounts in this format: $______ = $_______ + $_____________
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In discussing Business Solutions latest financial statements, you as the manager say that it is the “the net income results on the bottom line” that really count. What do you mean? Which financial statement are you referring to? Are the results reflected satisfactory? Explain your answers.
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Does Business Solutions have enough cash to pay its liabilities on December 31, 2018? Please list the December 31 balance of cash, subtract the amount of total current liabilities and calculate the overage or shortfall cash amount. Does Business Solutions need to improve this situation? If no, please describe what they are doing correctly. If yes, please describe how they may improve.
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Based on your financial statements for Business
Solutions answer the following questions:
Complete the accounting equation...
Based on your financial statements for Business Solutions answer the following questions: Does Business Solutions have...
Based on your financial statements for Business Solutions answer the following questions: Does Business Solutions have enough cash to pay its liabilities? Please list the amounts and the overage amount or shortfall. Does Business Solutions need to improve this situation? If not, please describe what they are doing correctly, if so, please describe how they may improve. Business Solutions Unadjusted Trial Balance Adjusted Trial Balance | Post-Closing Trial Balance Credit Credit Credit Debit 52 014 5768 4445 1980 3220 8500...
Complete the accounting equation for Business Solutions using the amounts in this format: $______ = $_______...
Complete the accounting equation for Business Solutions using
the amounts in this format: $______ =
$_______ + $_____________
In discussing Business Solutions latest financial statements,
you as the manager say that it is the “the net income results on
the bottom line” that really count. What do you mean? Which
financial statement are you referring to? Are the results reflected
on your financial statement satisfactory? Explain your
answer.
Does Business Solutions have enough cash to pay its
liabilities? Please list...
Based on your financial statements for Business Solutions answer the following questions: 1. Complete the accounting...
Based on your financial statements for Business Solutions answer the following questions: 1. Complete the accounting equation for Business Solutions using the amounts in this format: $_ _= $_ +$ Business Solutions Unadjusted Trial Balance Adjusted Trial Balance Post-Closing Trial Balance Credit Credit Credit Debit 52 014 5 768 4445 1980 3220 8500 Debit 50 614 5 768 640 1 485 805 8500 Debit 50 614 5 768 640 1 485 805 8 500 425 425 22 000 22 000...
Based on your financial statements for Business Solutions answer the following questions: 2. In discussing Business...
Based on your financial statements for Business Solutions answer the following questions: 2. In discussing Business Solutions latest financial statements, you as the manager say that it is the "the net income results on the bottom line" that really count. What do you mean? Which financial statement are you referring to? Are the results reflected on your financial statement satisfactory? Explain your answer. Business Solutions Unadjusted Trial Balance Adjusted Trial Balance Post-Closing Trial Balance Credit Credit Credit Debit | 52...
Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her...
Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following financial data. BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2018 Computer services revenue $ 24,907 Net sales 18,593 Total revenue 43,500 Cost of goods sold $ 14,352 Depreciation expense—Office equipment 390 Depreciation expense—Computer equipment 1,190 Wages expense 2,650 Insurance expense 515 Rent expense 1,675 Computer supplies expense 1,285 Advertising expense 550 Mileage expense 240 Repairs expense—Computer...
Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her...
Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following financial data. $24,607 17,793 42,400 BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2018 Computer services revenue Net sales Total revenue Cost of goods sold $14,652 Depreciation expense-Office equipment 350 Depreciation expense-Computer equipment 1,180 Wages expense 2,650 Insurance expense 535 Rent expense 1,775 Computer supplies expense 1,215 Advertising expense 500 Mileage expense 240 950 Repairs expense-Computer Total expenses...
Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her...
Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following financial data. BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2018 Computer services revenue $ 24,707 Net sales 18,093 Total revenue 42,800 Cost of goods sold $ 14,952 Depreciation expense—Office equipment 340 Depreciation expense—Computer equipment 1,250 Wages expense 2,350 Insurance expense 535 Rent expense 1,675 Computer supplies expense 1,295 Advertising expense 510 Mileage expense 310 Repairs expense—Computer 920...
Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her...
Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following financial data. BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2018 Computer services revenue $ 24,407 Net sales 18,293 Total revenue 42,700 Cost of goods sold $ 14,952 Depreciation expense—Office equipment 350 Depreciation expense—Computer equipment 1,250 Wages expense 2,250 Insurance expense 505 Rent expense 2,375 Computer supplies expense 1,245 Advertising expense 550 Mileage expense 240 Repairs expense—Computer...
Dec. 31, 2017 $55,472 5,368 BUSINESS SOLUTIONS Comparative Balance Sheets December 31, 2017, and March 31,...
Dec. 31, 2017 $55,472 5,368 BUSINESS SOLUTIONS Comparative Balance Sheets December 31, 2017, and March 31, 2018 Mar. 31, 2018 Assets Cash $ 83,637 Accounts receivable 23,967 Inventory 614 Computer supplies 2,015 Prepaid insurance 1,040 Prepaid rent 735 Total current assets 112,008 Office equipment 7,500 Accumulated depreciation-office equipment (780) Computer equipment 19,500 Accumulated depreciation-Computer equipment (2,460) Total assets $135,768 Liabilities and Equity Accounts payable $ Wages payable 885 Unearned computer service revenue © Total current liabilities 885 Equity Common stock...
Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her...
Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following financial data Income Statement $25,107 17,993 43,180 Computer services revenue Net sales Total revenue Cost of goods sold Depreciation expense-Office equipment Depreciation expense-Computer equipment Wages expense $14,352 330 1,150 3,850 Rent expense Conputer supplies expense Advertising expense Mileage expense Repairs expense-Computer Total expenses Net income 2,875 1,285 520 270 920 24.487 $18,613 BUSINESS SOLUTIONS Comparative Balance Sheets December 31, 2017,...
Based on your financial statements for Business Solutions answer the following questions: Does Business Solutions have enough cash to pay its liabilities? Please list the amounts and the overage amount or shortfall. Does Business Solutions need to improve this situation? If not, please describe what they are doing correctly, if so, please describe how they may improve. Business Solutions Unadjusted Trial Balance Adjusted Trial Balance | Post-Closing Trial Balance Credit Credit Credit Debit 52 014 5768 4445 1980 3220 8500...
Complete the accounting equation for Business Solutions using
the amounts in this format: $______ =
$_______ + $_____________
In discussing Business Solutions latest financial statements,
you as the manager say that it is the “the net income results on
the bottom line” that really count. What do you mean? Which
financial statement are you referring to? Are the results reflected
on your financial statement satisfactory? Explain your
answer.
Does Business Solutions have enough cash to pay its
liabilities? Please list...
Based on your financial statements for Business Solutions answer the following questions: 1. Complete the accounting equation for Business Solutions using the amounts in this format: $_ _= $_ +$ Business Solutions Unadjusted Trial Balance Adjusted Trial Balance Post-Closing Trial Balance Credit Credit Credit Debit 52 014 5 768 4445 1980 3220 8500 Debit 50 614 5 768 640 1 485 805 8500 Debit 50 614 5 768 640 1 485 805 8 500 425 425 22 000 22 000...
Based on your financial statements for Business Solutions answer the following questions: 2. In discussing Business Solutions latest financial statements, you as the manager say that it is the "the net income results on the bottom line" that really count. What do you mean? Which financial statement are you referring to? Are the results reflected on your financial statement satisfactory? Explain your answer. Business Solutions Unadjusted Trial Balance Adjusted Trial Balance Post-Closing Trial Balance Credit Credit Credit Debit | 52...
Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following financial data. $24,607 17,793 42,400 BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2018 Computer services revenue Net sales Total revenue Cost of goods sold $14,652 Depreciation expense-Office equipment 350 Depreciation expense-Computer equipment 1,180 Wages expense 2,650 Insurance expense 535 Rent expense 1,775 Computer supplies expense 1,215 Advertising expense 500 Mileage expense 240 950 Repairs expense-Computer Total expenses...
Dec. 31, 2017 $55,472 5,368 BUSINESS SOLUTIONS Comparative Balance Sheets December 31, 2017, and March 31, 2018 Mar. 31, 2018 Assets Cash $ 83,637 Accounts receivable 23,967 Inventory 614 Computer supplies 2,015 Prepaid insurance 1,040 Prepaid rent 735 Total current assets 112,008 Office equipment 7,500 Accumulated depreciation-office equipment (780) Computer equipment 19,500 Accumulated depreciation-Computer equipment (2,460) Total assets $135,768 Liabilities and Equity Accounts payable $ Wages payable 885 Unearned computer service revenue © Total current liabilities 885 Equity Common stock...
Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following financial data Income Statement $25,107 17,993 43,180 Computer services revenue Net sales Total revenue Cost of goods sold Depreciation expense-Office equipment Depreciation expense-Computer equipment Wages expense $14,352 330 1,150 3,850 Rent expense Conputer supplies expense Advertising expense Mileage expense Repairs expense-Computer Total expenses Net income 2,875 1,285 520 270 920 24.487 $18,613 BUSINESS SOLUTIONS Comparative Balance Sheets December 31, 2017,...
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