Homework Answers
answer is $72,000
cash 41,000 + account receivable 22,000 + prepaid insurane 9,000 = current asset 72,000
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Use the information in the adjusted trial balance presented below to calculate current assets for Taron Company: A...
Use the information in the adjusted trial balance presented below to calculate current assets for Wicked...
Use the information in the adjusted trial balance presented below to calculate current assets for Wicked Wicker Company Credit Debit $ 41,000 22,000 9,000 160,000 $ 80,000 Account Title Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Unearned revenue Long-term notes payable Retained earnings Totals 101,000 23,000 3,900 6,800 48,000 171,300 $ 333,000 $ 333,000 Multiple Choice $8,700
Use the information in the adjusted trial balance presented below to calculate current assets for Taron...
Use the information in the adjusted trial balance presented below to calculate current assets for Taron Company: Account Title Dr. Cr. Cash $ 65,000 Accounts receivable 30,000 Prepaid insurance 12,200 Equipment 240,000 Accumulated depreciation—Equipment $ 120,000 Land 109,000 Accounts payable 31,000 Interest payable 5,900 Unearned revenue 9,200 Long-term notes payable 72,000 Retained earnings 218,100 Totals $ 456,200 $ 456,200 Multiple Choice $41,200. $109,000. $107,200. $456,200. $31,000.
44) Use the information in the adjusted trial balance presented below to calculate total current liabilities...
44) Use the information in the adjusted trial balance presented below to calculate total current liabilities for Taron Company: Cr Dr $ 23,000 16,000 6,600 100,000 $ 50,000 Account Title Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation - Equipment Land Accounts payable (due in 1 week) Interest payable (due in 1 month) Unearned revenue (service to be provided in 2 months) Long-term notes payable Z. Taron, Capital Totals 95,000 17,000 2,400 5,000 30,000 136,200 $ 240,600 $ 240,600 A)...
Use the information in the adjusted trial balance presented below to calculate current assets for Wicked...
Use the information in the adjusted trial balance presented below to calculate current assets for Wicked Wicker Company: points (8 01:52:43 Account Title Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Unearned revenue Long-term notes payable Retained earnings Totals Dr. Cr. $ 77,000 34,000 13,800 280,000 $140,000 113,000 35,000 6,900 10,400 84,000 241,500 $517,800 $517,800 Multiple Choice 0 $41,200. 0 $124.800. 0 $113,000 0 $517,800
MC Qu. 310 Use the information in the adjusted... Use the information in the adjusted trial...
MC Qu. 310 Use the information in the adjusted... Use the information in the adjusted trial balance presented below to calculate the current ratio for Taron Company: Cr. Dr. $ 80,000 35,000 14,200 290,000 $145,000 Account Title Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation Equipment Land Accounts payable Interest payable Unearned revenue Long-term notes payable Retained earnings Totals 114,000 36,000 7,150 10,700 87,000 247,350 $533,200 Multiple Choice O 0.42 Prev 2 of 19 !!! Next >
Use the information in the adjusted trial balance presented below to calculate the current ratio for...
Use the information in the adjusted trial balance presented below to calculate the current ratio for Wicked Wicker Company: Cr. Dr. $ 50,000 25,000 10,200 190,000 points (8 01:53:57 $ 95,000 Account Title Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Unearned revenue Long-term notes payable Retained earnings Totals 104,000 26,000 4,650 7,700 57,000 188,850 $379,200 O O O O
Use the information in the partial adjusted trail balance presented below to calculate the Acid Test...
Use the information in the partial adjusted trail balance presented below to calculate the Acid Test (or Quick) ratio. Account Title Debit Credit Cash $23,000 Accounts receivable 16,000 Prepaid insurance 6,600 Equipment 100,000 Accumulated Depreciation - Equipment $50,000 Land 95,000 Accounts payable 17,000 Salaries payable 2,400 Unearned revenue (short term) 5,000 Long-term notes payable 30,000 Common stock 136,200 Totals $240,600 $240,600
Data Table Michael's Bowling Alley's adjusted trial balance as of December 31, 2024, is presented bel...
Data Table Michael's Bowling Alley's adjusted trial balance as of December 31, 2024, is presented bel E: (Click the icon to view the adjusted trial balance.) Read the requirements. Balance Michael's Bowling Alley Adjusted Trial Balance December 31, 2024 Account Title Debit Credit Balance Account Title Debit Credit Cash $ 15,500 2,400 Accounts Receivable Office Supplies 500 Prepaid Insurance 2,900 Land 15,000 115,000 $ 5,000 42,000 14,000 Building Accumulated Depreciation-Building Equipment Accumulated Depreciation Equipment Accounts Payable Utilities Payable Salaries Payable...
1. Presented below is the adjusted trial balance for Cooper Company on December 31, 2019. ...
1. Presented below is the adjusted trial balance for Cooper Company on December 31, 2019. COOPER COMPANY Adjusted Trial Balance December 31, 2019 Dr. Cr. Cash $ 1,500 Accounts Receivable 4,300 Prepaid Rent 2,100 Supplies 400 Automobile equipment 18,500 Accumulated depreciation— Automobile equipment $ 1,300 Accounts Payable 2,700 Unearned Revenue 3,660 Notes Payable 10,000 Common Stock 5,000 Retained Earnings 2,200 Dividends 1,200 Service Revenue 8,800 Salaries Expense 2,160 Utilities Expense 1,400 Rent...
Question Three: 20 marks (5 marks each): Presented below is an adjusted trial balance for Cowell...
Question Three: 20 marks (5 marks each): Presented below is an adjusted trial balance for Cowell Company, at December 31, 2017 Cash €10,700 Accounts payable €10,000 Accounts receivable 20,000 Notes payable 9,000 Prepaid insurance 15,000 Accumulated depreciation- Equipment 35,000 equipment 14,000 Depreciation expense 7,000 Service revenue 30,000 Dividends 1,500 Retained earnings 12,000 Advertising expense 1,400 Unearned service revenue 11,000 Rent expense 800 Share capital-ordinary 12,000 Salaries and wages expense 5,000 Insurance expense 1,600 €98.000 €98.000 Instructions: Post the closing entries...
Use the information in the adjusted trial balance presented below to calculate current assets for Wicked Wicker Company Credit Debit $ 41,000 22,000 9,000 160,000 $ 80,000 Account Title Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Unearned revenue Long-term notes payable Retained earnings Totals 101,000 23,000 3,900 6,800 48,000 171,300 $ 333,000 $ 333,000 Multiple Choice $8,700
44) Use the information in the adjusted trial balance presented below to calculate total current liabilities for Taron Company: Cr Dr $ 23,000 16,000 6,600 100,000 $ 50,000 Account Title Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation - Equipment Land Accounts payable (due in 1 week) Interest payable (due in 1 month) Unearned revenue (service to be provided in 2 months) Long-term notes payable Z. Taron, Capital Totals 95,000 17,000 2,400 5,000 30,000 136,200 $ 240,600 $ 240,600 A)...
Use the information in the adjusted trial balance presented below to calculate current assets for Wicked Wicker Company: points (8 01:52:43 Account Title Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Unearned revenue Long-term notes payable Retained earnings Totals Dr. Cr. $ 77,000 34,000 13,800 280,000 $140,000 113,000 35,000 6,900 10,400 84,000 241,500 $517,800 $517,800 Multiple Choice 0 $41,200. 0 $124.800. 0 $113,000 0 $517,800
MC Qu. 310 Use the information in the adjusted... Use the information in the adjusted trial balance presented below to calculate the current ratio for Taron Company: Cr. Dr. $ 80,000 35,000 14,200 290,000 $145,000 Account Title Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation Equipment Land Accounts payable Interest payable Unearned revenue Long-term notes payable Retained earnings Totals 114,000 36,000 7,150 10,700 87,000 247,350 $533,200 Multiple Choice O 0.42 Prev 2 of 19 !!! Next >
Use the information in the adjusted trial balance presented below to calculate the current ratio for Wicked Wicker Company: Cr. Dr. $ 50,000 25,000 10,200 190,000 points (8 01:53:57 $ 95,000 Account Title Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Unearned revenue Long-term notes payable Retained earnings Totals 104,000 26,000 4,650 7,700 57,000 188,850 $379,200 O O O O
Data Table Michael's Bowling Alley's adjusted trial balance as of December 31, 2024, is presented bel E: (Click the icon to view the adjusted trial balance.) Read the requirements. Balance Michael's Bowling Alley Adjusted Trial Balance December 31, 2024 Account Title Debit Credit Balance Account Title Debit Credit Cash $ 15,500 2,400 Accounts Receivable Office Supplies 500 Prepaid Insurance 2,900 Land 15,000 115,000 $ 5,000 42,000 14,000 Building Accumulated Depreciation-Building Equipment Accumulated Depreciation Equipment Accounts Payable Utilities Payable Salaries Payable...
Question Three: 20 marks (5 marks each): Presented below is an adjusted trial balance for Cowell Company, at December 31, 2017 Cash €10,700 Accounts payable €10,000 Accounts receivable 20,000 Notes payable 9,000 Prepaid insurance 15,000 Accumulated depreciation- Equipment 35,000 equipment 14,000 Depreciation expense 7,000 Service revenue 30,000 Dividends 1,500 Retained earnings 12,000 Advertising expense 1,400 Unearned service revenue 11,000 Rent expense 800 Share capital-ordinary 12,000 Salaries and wages expense 5,000 Insurance expense 1,600 €98.000 €98.000 Instructions: Post the closing entries...
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