The following information was reported in the December 31, 2018, financial statements of Ava, Inc. (listed alphabetically).
Based on this list of accounts, what are the total assets? |
Solution:
Statement for calculating total assets
Details | Amount($) |
Cash | $4,313 |
Supplies | $399 |
Total assets | $4,712 |
The following information was reported in the December 31, 2018, financial statements of Ava, Inc. (listed...
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Need these answered asap please. Also need breakdown on how you got answer please. Thank you. 1. The following information was reported in the December 31, 2018, financial statements of Ava, Inc. (listed alphabetically). Accounts Payable $1,178 Cash 3,677 Dividends 540 Fuel Expense 709 Interest Expense 308 Notes Payable 1,803 Retained Earnings (as of January 1, 2018 356 Service revenue 6,055 Supplies 211 Based on this list of accounts, what are the total liabilities? 2. EBN Sports operates a game...