Can you make a balance sheet using the following information:
Homework Answers
| Assets | ||
| Current Assets | ||
| Cash | $468,236,170 | |
| Accoumts receivable | 47294000 | |
| Less: Allowance for Bad debts | 1181880 | 46112120 |
| Inventory | 13556530 | |
| Interest receivable | 4666 | |
| Prepaid Insurance | 10000 | |
| Notes receivable | 400000 | |
| Total current Assets | $528,319,486 | |
| Property Plant & equipment | ||
| Land | 2914300 | |
| Building | 1000000 | |
| Equipment | 114940000 | |
| Accumulated Depreciation | -74937000 | 41003000 |
| Total Property Plant & equipment | 43917300 | |
| Intangible assets | ||
| Patent | 180000 | |
| Accumulated amortization | 53000 | 127000 |
| Total assets | $572,363,786 | |
| Liabilities & stockholder equity | ||
| Current Liabilities | ||
| Accounts payable | 95550000 | |
| Stockholder Equity | ||
| Common stock | 120006500 | |
| APIC-Common stock | 266266500 | |
| Retained Earning | 119065666 | 476813786 |
| (73230000+65421000+10000+4666-19600000-28524880) | ||
| Total Liabilities & stockholder equity | 572363786 | |
| If any doubt please comment | ||
| Note Note receivable is taken current assets | ||
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Can you make a balance sheet using the following information: General Ledger Accounts Title Debit Credit Cash 468,236,1...
Prepare an Income Statement, Statement of Retained Earnings, and Balance Sheet using the following information. Credit...
Prepare an Income Statement, Statement of Retained Earnings, and
Balance Sheet using the following information.
Credit (CR) Debit (DR) 11,000 Cash 5,000 23,500 4,000 12,000 4,000 2,500 3,800 60,000 32,000 29,500 21,000 Accounts Payable Accounts Receviable Rent Expense Unearned Revenue Depreciation Expense Prepaid Insurance Supplies Expense Equipment Accumulated Depreciation - Equipment Cost of Goods Sold Merchandise Inventory Notes Payable Salary Payable Buildings Interest Payable Sales Revenue Interest Expense Supplies Accumulated Depreciation - Buildings Prepaid Insurance Common Stock Retained Earnings Dividends...
Beachside Realty ADJUSTED TRIAL BALANCE December 31, 20Y2 ACCOUNT TITLE DEBIT CREDIT 1 Cash 1,500.00 2...
Beachside Realty ADJUSTED TRIAL BALANCE December 31, 20Y2 ACCOUNT TITLE DEBIT CREDIT 1 Cash 1,500.00 2 Accounts Receivable 2,000.00 3. Interest Receivable 100.00 4 Prepaid Insurance 1,600.00 5 Notes Receivable long-term) 2,800.00 6 Equipment 15,000.00 7. Accumulated Depreciation 3,000.00 8 Accounts Payable 2,400.00 9 Accrued Expenses Payable 3,920.00 10 Income Taxes Payable 2,700.00 11 Unearned Rent Fees 500.00 12 Common Stock 5,000.00 13 Retained Earnings 2,700.00 14 Dividends 2,000.00 15 Rent Fees Earned 37,000.00 16 Furniture Rental Revenue 1,200.00 17...
Given the following adjusted trial balance: Debit Credit Cash $864 Accounts receivable 1091 Inventory 1624 45...
Given the following adjusted trial balance: Debit Credit Cash $864 Accounts receivable 1091 Inventory 1624 45 160 Prepaid rent Equipment Accumulated depreciation equipment Accounts payable Unearned service revenue $27 43 63 Common stock 110 Retained earnings Service revenue 3435 191 Interest revenue 29 Salaries and wages expense 80 Travel expense 34 Total $3898 $3898 Net income for the year is:
Credit 312 Answer the question based on the following adjusted trial balance Debit Cash $9,372 Accounts...
Credit 312 Answer the question based on the following adjusted trial balance Debit Cash $9,372 Accounts receivable 12,588 Inventory 18,744 Prepaid rent 516 Equipment 1,800 Accumulated depreciation equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense 960 Travel expense Total $44.376 Net income for the year is: 492 732 1,236 39,660 1,608 336 396 $44.376 a. 2,976 b.S1,944 C. $1,620 d. 5588 e. None of the above MacBoo!
Given the following adjusted trial balance: Debit Credit Cash $648 Accounts receivable 818 Inventory 1218 Prepaid...
Given the following adjusted trial balance: Debit Credit Cash $648 Accounts receivable 818 Inventory 1218 Prepaid rent 34 120 $20 Equipment Accumulated depreciation-equipment Accounts payable Unearned service revenue 32 48 Common stock 78 Retained earnings 2580 Service revenue 144 22 Interest revenue Salaries and wages expense 60 Travel expense 26 Total $ 2924 $2924 After closing entries have been posted, the balance in retained earnings will be:
Calculator Tome Statement Adjusted Trial Balance Debit Credit Balance Sheet Account Title Debit Credit Credit 14,500...
Calculator Tome Statement Adjusted Trial Balance Debit Credit Balance Sheet Account Title Debit Credit Credit 14,500 Accounts Receivable 7,500 Equipment 20.500 15.000 Accumulated Depr-Equip Accounts Payable 9.500 Wages Payable 3.000 Common Stock 18,240 Dividends 1.000 Fees Earned 34.000 Wages Expense 15.000 Rent Expense 9.300 Depreciation Expense 3.500 Totals 79.800 79,800 Net LOSS (Previous
Given the following adjusted trial balance: Debit Credit Cash $848 Accounts receivable 1070 1593 44 150...
Given the following adjusted trial balance: Debit Credit Cash $848 Accounts receivable 1070 1593 44 150 $27 Inventory Prepaid rent Equipment Accumulated depreciation equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue 42 62 101 3370 188 29 80 Interest revenue Salaries and wages expense Travel expense Total 34 $3819 $3819 Net Income for the year is: Common stock TUT Retained earnings 3370 Service revenue 188 29 Interest revenue Salaries and wages expense 80 Travel expense 34...
Following are the general ledger account balances, listed in alphabetical order Accounts payable Accounts receivable Accumulated...
Following are the general ledger account balances, listed in alphabetical order Accounts payable Accounts receivable Accumulated depreciation-equipment 3,700 Rent expense Cash Common shares Dividends declared Equipment s 3,000 Held for trading investments 5,600 400 900 11,720 3,700 6,020 160 4,000 Income tax expense 2,400 Retained earnings 9,100 Salaries expense 300 Service revenue 16,400 Unearned revenue Identify the normal balance of each account. Normal Balance Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common shares Dividends declared Equipment Held for trading investments...
Make a balance sheet Credit Debit $5,000 500 4,000 20.000 Account Title Cash Prepaid insurance Notes...
Make a balance sheet
Credit Debit $5,000 500 4,000 20.000 Account Title Cash Prepaid insurance Notes receivable (due in 5 years) Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) H. Sierra, Capital H. Sierra, Withdrawals Consulting revenue Wages expense Depreciation expense-Buildings Insurance expense Totals $12.000 2,500 3,000 10,500 1,000 9,500 3,500 2,000 1,500 $37,500 $37,500
Grantham Corporation reports the following ledger account balances at June 30, 2022: Cash $1,662 Accounts receivable...
Grantham Corporation reports the following ledger account balances at June 30, 2022: Cash $1,662 Accounts receivable 2,098 Inventory 3,124 Prepaid rent 86 Equipment 300 Accumulated depreciation-equipment 52 Accounts payable 82 Unearned rent revenue 122 Common stock 206 Retained earnings 6,610 Service revenue 368 Interest revenue 56 Salaries and wages expense 160 Insurance expense 66 Assuming that all of the accounts have normal balances, what are total credits on the company's trial balance at June 30, 2022? $7,440. $7,526. $7,496. $7,444.
Prepare an Income Statement, Statement of Retained Earnings, and
Balance Sheet using the following information.
Credit (CR) Debit (DR) 11,000 Cash 5,000 23,500 4,000 12,000 4,000 2,500 3,800 60,000 32,000 29,500 21,000 Accounts Payable Accounts Receviable Rent Expense Unearned Revenue Depreciation Expense Prepaid Insurance Supplies Expense Equipment Accumulated Depreciation - Equipment Cost of Goods Sold Merchandise Inventory Notes Payable Salary Payable Buildings Interest Payable Sales Revenue Interest Expense Supplies Accumulated Depreciation - Buildings Prepaid Insurance Common Stock Retained Earnings Dividends...
Beachside Realty ADJUSTED TRIAL BALANCE December 31, 20Y2 ACCOUNT TITLE DEBIT CREDIT 1 Cash 1,500.00 2 Accounts Receivable 2,000.00 3. Interest Receivable 100.00 4 Prepaid Insurance 1,600.00 5 Notes Receivable long-term) 2,800.00 6 Equipment 15,000.00 7. Accumulated Depreciation 3,000.00 8 Accounts Payable 2,400.00 9 Accrued Expenses Payable 3,920.00 10 Income Taxes Payable 2,700.00 11 Unearned Rent Fees 500.00 12 Common Stock 5,000.00 13 Retained Earnings 2,700.00 14 Dividends 2,000.00 15 Rent Fees Earned 37,000.00 16 Furniture Rental Revenue 1,200.00 17...
Given the following adjusted trial balance: Debit Credit Cash $864 Accounts receivable 1091 Inventory 1624 45 160 Prepaid rent Equipment Accumulated depreciation equipment Accounts payable Unearned service revenue $27 43 63 Common stock 110 Retained earnings Service revenue 3435 191 Interest revenue 29 Salaries and wages expense 80 Travel expense 34 Total $3898 $3898 Net income for the year is:
Credit 312 Answer the question based on the following adjusted trial balance Debit Cash $9,372 Accounts receivable 12,588 Inventory 18,744 Prepaid rent 516 Equipment 1,800 Accumulated depreciation equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense 960 Travel expense Total $44.376 Net income for the year is: 492 732 1,236 39,660 1,608 336 396 $44.376 a. 2,976 b.S1,944 C. $1,620 d. 5588 e. None of the above MacBoo!
Given the following adjusted trial balance: Debit Credit Cash $648 Accounts receivable 818 Inventory 1218 Prepaid rent 34 120 $20 Equipment Accumulated depreciation-equipment Accounts payable Unearned service revenue 32 48 Common stock 78 Retained earnings 2580 Service revenue 144 22 Interest revenue Salaries and wages expense 60 Travel expense 26 Total $ 2924 $2924 After closing entries have been posted, the balance in retained earnings will be:
Calculator Tome Statement Adjusted Trial Balance Debit Credit Balance Sheet Account Title Debit Credit Credit 14,500 Accounts Receivable 7,500 Equipment 20.500 15.000 Accumulated Depr-Equip Accounts Payable 9.500 Wages Payable 3.000 Common Stock 18,240 Dividends 1.000 Fees Earned 34.000 Wages Expense 15.000 Rent Expense 9.300 Depreciation Expense 3.500 Totals 79.800 79,800 Net LOSS (Previous
Given the following adjusted trial balance: Debit Credit Cash $848 Accounts receivable 1070 1593 44 150 $27 Inventory Prepaid rent Equipment Accumulated depreciation equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue 42 62 101 3370 188 29 80 Interest revenue Salaries and wages expense Travel expense Total 34 $3819 $3819 Net Income for the year is: Common stock TUT Retained earnings 3370 Service revenue 188 29 Interest revenue Salaries and wages expense 80 Travel expense 34...
Following are the general ledger account balances, listed in alphabetical order Accounts payable Accounts receivable Accumulated depreciation-equipment 3,700 Rent expense Cash Common shares Dividends declared Equipment s 3,000 Held for trading investments 5,600 400 900 11,720 3,700 6,020 160 4,000 Income tax expense 2,400 Retained earnings 9,100 Salaries expense 300 Service revenue 16,400 Unearned revenue Identify the normal balance of each account. Normal Balance Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common shares Dividends declared Equipment Held for trading investments...
Make a balance sheet
Credit Debit $5,000 500 4,000 20.000 Account Title Cash Prepaid insurance Notes receivable (due in 5 years) Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) H. Sierra, Capital H. Sierra, Withdrawals Consulting revenue Wages expense Depreciation expense-Buildings Insurance expense Totals $12.000 2,500 3,000 10,500 1,000 9,500 3,500 2,000 1,500 $37,500 $37,500
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