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Accounts Payable Accounts Receivable $116 27 Cash 134 Common Stock 24 Equipment Inventory Notes Payable (long-term)...
Cash Investments (short-term) Accounts receivable Inventory Notes receivable (long-term) Equipment Factory building Intangibles $20,000 Accounts payable...
Cash Investments (short-term) Accounts receivable Inventory Notes receivable (long-term) Equipment Factory building Intangibles $20,000 Accounts payable 3,200 Accrued liabilities payable 3,600 Notes payable (current) 26,000 Notes payable (noncurrent) 2,600 Common stock 50,000 Additional paid-in capital 97,000 Retained earnings 4,400 $21,000 2,600 7,300 41,000 9,500 85,500 39,900 During the current year, the company had the following summarized activities: a. Purchased short-term investments for $8,400 cash. b. Lent $5,700 to a supplier who signed a two-year note. c. Purchased equipment that cost...
rawlco Accounts Payable $4,760 585 Accounts Receivable Cash 2,810 Common Stock 400 Equipment Intangible Assets Inventory...
rawlco
Accounts Payable $4,760 585 Accounts Receivable Cash 2,810 Common Stock 400 Equipment Intangible Assets Inventory Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Retained Earnings Short-Term Investments 3,820 3,100 1,360 1,910 1,520 595 4,390 710 Assume that the following events occurred in the following quarter, which ended December 31, 2016. Dollars are in millions. a. Paid $1,250 cash for additional intangible assets. b. Issued additional shares of commoş stock for $10,500 in cash. c. Purchased equipment; paid $4,500'in cash...
! Required information PA2-3 Recording Transactions in a Journal and T-Accounts); Preparing and Interpreting the Balance...
! Required information PA2-3 Recording Transactions in a Journal and T-Accounts); Preparing and Interpreting the Balance Sheet (LO 2-2, LO 2-3, LO 2-4, LO 2-5) [The following information applies to the questions displayed below.] Edward Allen Interiors Inc. is a leading manufacturer and retailer of home furnishings in the United States and abroad. The following is adapted from Edward Allen's September 30, 2016, trial balance. (The amounts shown represent millions of dollars.) Accounts Payable Accounts Receivable Cash Common Stock Equipment...
Ethan Allen Interiors Inc. is a leading manufacturer and retailer of home furnishings in the United...
Ethan Allen Interiors Inc. is a leading manufacturer and retailer of home furnishings in the United States and abroad. The following is adapted from Ethan Allen's September 30, 2013, trial balance. (The amounts shown represent millions of dollars.) Accounts Payable Accounts Receivable Cash Common Stock Equipment Inventories $121 13 106 21 290 142 150 Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Retained Earnings Salaries and Wages Payable Short-term Investments Software 23 321 23 13 50 Assume that the following...
Required information (The following information applies to the questions displayed below.) Edward Allen Interiors Inc. is...
Required information (The following information applies to the questions displayed below.) Edward Allen Interiors Inc. is a leading manufacturer and retailer of home furnishings in the United States and abroad. The following is adapted from Edward Allen's September 30, 2016, trial balance. (The amounts shown represent millions of dollars.) $ 152 22 124 39 335 Accounts Payable Accounts Receivable Cash Common Stock Equipment Inventory Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Retained Earnings Salaries and Wages Payable Software 160...
1-b. Based on the above calculation and analysis of TripAdvisor's current ratio 2.15, indicate which company...
1-b. Based on the above calculation and analysis of TripAdvisor's current ratio 2.15, indicate which company is in a better position to pay liabilities. O Edward Allen O TripAdvisor PA2-3 Part 2 2. Analyze transactions (a)-(e) to determine their effects on the accounting equation. (Enter any decreases to account balances with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Assets Liabilities Stockholders' Equity b. d . Edward Allen Interiors Inc. is a leading...
! Required information PA2-3 Recording Transactions (in a Journal and T-Accounts); Preparing and Interpreting the Balance...
! Required information PA2-3 Recording Transactions (in a Journal and T-Accounts); Preparing and Interpreting the Balance Sheet [LO 2-2, LO 2-3, LO 2-4, LO 2-5] [The following information applies to the questions displayed below.) Edward Allen Interiors Inc. is a leading manufacturer and retailer of home furnishings in the United States and abroad. The following is adapted from Edward Allen's September 30, 2016, trial balance. (The amounts shown represent millions of dollars.) Accounts Payable Accounts Receivable Cash Common Stock Equipment...
1-a Calculate Edward Allen current ratio at September 30,2016 prior to the transcations listed above round...
1-a Calculate Edward Allen current ratio at September 30,2016
prior to the transcations listed above round your answer to 2
decimal places
1-b Based on the above calculation and analysis of
TripAdvisors current ratio 4.73 indicate which company is in a
better position to pay liabilities
Edward Allen
Trip Advisor
work Assignment i VER [The following information applies to the questions displayed below.) Edward Allen Interiors Inc. is a leading manufacturer and retailer of home furnishings in the United States...
please tell me where is my mistake and how can I fix it. thanks PA2-3 Part...
please tell me where is my mistake and how can I fix it.
thanks
PA2-3 Part 4 4. Summarize the journal entry effects from part 3 using T-accounts. Use the September 30, 2016, ending balances as the beginning balances for the October-December 2016 quarter. (Enter your answers in millions (Le., 10,000,000 should be entered as 10).) Answer is not complete. Cash 79 Accounts Receivable 10 Beg. Bal. 90 X Beg. Bal. x b. End. Bal. 20 9 End. Bal. 10...
Cash Accounts receivable (net) Inventory Accounts payable Notes payable Common stock, $100 par Retained earnings December...
Cash Accounts receivable (net) Inventory Accounts payable Notes payable Common stock, $100 par Retained earnings December 31, 2017 $ 34,000 77,000 210,000 54,000 29,000 417,000 106,000 December 31, 2016 $ 16,500 122,500 183,000 92,500 65,000 417,000 102,500 Additional information: 1. The inventory turnover is 2.2 times. 2. The return on common stockholders' equity is 25%. The company had no additional paid-in capital. 3. The accounts receivable turnover is 8.1 times. 4. The return on assets is 12.5%. 5. Total assets...
Cash Investments (short-term) Accounts receivable Inventory Notes receivable (long-term) Equipment Factory building Intangibles $20,000 Accounts payable 3,200 Accrued liabilities payable 3,600 Notes payable (current) 26,000 Notes payable (noncurrent) 2,600 Common stock 50,000 Additional paid-in capital 97,000 Retained earnings 4,400 $21,000 2,600 7,300 41,000 9,500 85,500 39,900 During the current year, the company had the following summarized activities: a. Purchased short-term investments for $8,400 cash. b. Lent $5,700 to a supplier who signed a two-year note. c. Purchased equipment that cost...
rawlco
Accounts Payable $4,760 585 Accounts Receivable Cash 2,810 Common Stock 400 Equipment Intangible Assets Inventory Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Retained Earnings Short-Term Investments 3,820 3,100 1,360 1,910 1,520 595 4,390 710 Assume that the following events occurred in the following quarter, which ended December 31, 2016. Dollars are in millions. a. Paid $1,250 cash for additional intangible assets. b. Issued additional shares of commoş stock for $10,500 in cash. c. Purchased equipment; paid $4,500'in cash...
! Required information PA2-3 Recording Transactions in a Journal and T-Accounts); Preparing and Interpreting the Balance Sheet (LO 2-2, LO 2-3, LO 2-4, LO 2-5) [The following information applies to the questions displayed below.] Edward Allen Interiors Inc. is a leading manufacturer and retailer of home furnishings in the United States and abroad. The following is adapted from Edward Allen's September 30, 2016, trial balance. (The amounts shown represent millions of dollars.) Accounts Payable Accounts Receivable Cash Common Stock Equipment...
Ethan Allen Interiors Inc. is a leading manufacturer and retailer of home furnishings in the United States and abroad. The following is adapted from Ethan Allen's September 30, 2013, trial balance. (The amounts shown represent millions of dollars.) Accounts Payable Accounts Receivable Cash Common Stock Equipment Inventories $121 13 106 21 290 142 150 Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Retained Earnings Salaries and Wages Payable Short-term Investments Software 23 321 23 13 50 Assume that the following...
Required information (The following information applies to the questions displayed below.) Edward Allen Interiors Inc. is a leading manufacturer and retailer of home furnishings in the United States and abroad. The following is adapted from Edward Allen's September 30, 2016, trial balance. (The amounts shown represent millions of dollars.) $ 152 22 124 39 335 Accounts Payable Accounts Receivable Cash Common Stock Equipment Inventory Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Retained Earnings Salaries and Wages Payable Software 160...
1-b. Based on the above calculation and analysis of TripAdvisor's current ratio 2.15, indicate which company is in a better position to pay liabilities. O Edward Allen O TripAdvisor PA2-3 Part 2 2. Analyze transactions (a)-(e) to determine their effects on the accounting equation. (Enter any decreases to account balances with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Assets Liabilities Stockholders' Equity b. d . Edward Allen Interiors Inc. is a leading...
! Required information PA2-3 Recording Transactions (in a Journal and T-Accounts); Preparing and Interpreting the Balance Sheet [LO 2-2, LO 2-3, LO 2-4, LO 2-5] [The following information applies to the questions displayed below.) Edward Allen Interiors Inc. is a leading manufacturer and retailer of home furnishings in the United States and abroad. The following is adapted from Edward Allen's September 30, 2016, trial balance. (The amounts shown represent millions of dollars.) Accounts Payable Accounts Receivable Cash Common Stock Equipment...
1-a Calculate Edward Allen current ratio at September 30,2016
prior to the transcations listed above round your answer to 2
decimal places
1-b Based on the above calculation and analysis of
TripAdvisors current ratio 4.73 indicate which company is in a
better position to pay liabilities
Edward Allen
Trip Advisor
work Assignment i VER [The following information applies to the questions displayed below.) Edward Allen Interiors Inc. is a leading manufacturer and retailer of home furnishings in the United States...
please tell me where is my mistake and how can I fix it.
thanks
PA2-3 Part 4 4. Summarize the journal entry effects from part 3 using T-accounts. Use the September 30, 2016, ending balances as the beginning balances for the October-December 2016 quarter. (Enter your answers in millions (Le., 10,000,000 should be entered as 10).) Answer is not complete. Cash 79 Accounts Receivable 10 Beg. Bal. 90 X Beg. Bal. x b. End. Bal. 20 9 End. Bal. 10...
Cash Accounts receivable (net) Inventory Accounts payable Notes payable Common stock, $100 par Retained earnings December 31, 2017 $ 34,000 77,000 210,000 54,000 29,000 417,000 106,000 December 31, 2016 $ 16,500 122,500 183,000 92,500 65,000 417,000 102,500 Additional information: 1. The inventory turnover is 2.2 times. 2. The return on common stockholders' equity is 25%. The company had no additional paid-in capital. 3. The accounts receivable turnover is 8.1 times. 4. The return on assets is 12.5%. 5. Total assets...
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