Homework Answers
| Balance sheet | |||||||
| assets | Liabilities | ||||||
| current assets | current liabilities | ||||||
| cash | 5000 | accounts payable | 26000 | ||||
| accounts receivable | 9000 | salaries payable | 16000 | ||||
| supplies | 19000 | ||||||
| total current assets | 33000 | total current liabilities | 42000 | ||||
| long term assets | stockholders equity | ||||||
| equipment | 120000 | common stock | 60000 | ||||
| less: accumulated depreciation | -45000 | retained earnings | 6000 | ||||
| Total long term assets | 75000 | ||||||
| total assets | 108000 | total liabilities & stockholders equity | 108000 | ||||
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The following account balances appear in the 2018 adjusted trial balance of Blue Devils Corporation: Cash,...
The following account balances appear in the 2018 adjusted trial balance of Blue Devils Corporation: Cash...
The following account balances appear in the 2018 adjusted trial balance of Blue Devils Corporation: Cash $5,000 Accounts Receivable, 50.000, Supplies, $18.000, Equipment, $120,000 Accumulated Depreciation, $45,000, Accounts Payable, 526.000: Salaries Payable, $16,000Common Stock, $60,000, and retained Earnings Prepare the December 31, 2018, classified balance sheet including the correct balance for retained earnings (Amounts to be deducted should be entered with minus sign.) BLUE DEVILS CORPORATION Balance Sheet December 31, 2018 Current liabilities: Tot current set Toteurrent liabile Stockholders' Equity...
The following account balances appear in the 2021 adjusted trial balance of Blue Devils Corporation: Cash,...
The following account balances appear in the 2021 adjusted trial balance of Blue Devils Corporation: Cash, $3,000; Accounts Receivable, $7,000; Supplies, $17,000; Equipment, $100,000; Accumulated Depreciation, $35,000; Accounts Payable, $24,000; Salaries Payable, $14,000; Common Stock, $40,000; and Retained Earnings, LVVILUVVIVI VINTIVI Balance Sheet December 31, 2021 Assets Liabilities Current assets: Current liabilities: Cash $ $ 24,000 3,000 7,000 17,000 Accounts Payable Salaries Payable Accounts Receivable 14,000 Supplies Total current assets 27,000 Total current liabilities 38,000 Stockholders' Equity Long-term assets: Equipment...
not sure what is wrong here The following account balances appear in the 2018 adjusted trial...
not sure what is wrong here
The following account balances appear in the 2018 adjusted trial balance of Blue Devils Corporation: Cash, S4100, Accounts Receivable, $8,100, Supplies, $18,100; Equipment, $111,000, Accumulated Depreciation, $10,500, Accounts Payable, $25,100, Salaries Payable, $15,100. Common Stock, $51,000, and Retained Earnings. Prepare the December 31, 2018, classified balance sheet including the correct balance for retained earnings. (Amounts to be deducted should be entered with minus sign.) Assets Answer is not complete. BLUE DEVILS CORPORATION Balance Sheet...
ne valdnice sheet (L03-5) The following account balances appear in the 2021 adjusted trial balance of...
ne valdnice sheet (L03-5) The following account balances appear in the 2021 adjusted trial balance of Blue Devils Corporation: Cash, $3,900; Accounts Receivable, $7,900; Supplies, $17,900; Equipment, $109,000; Accumulated Depreciation, $39,500; Accounts Payable, $24,900, Salaries Payable, $14,900; Common Stock, $49,000; and Retained Earnings, Prepare the December 31, 2021, classified balance sheet including the correct balance for retained earnings. (Amounts to be deducted should be entered with minus sign.) Assets Current assets: Cash Accounts Receivable Supplies BLUE DEVILS CORPORATION Balance Sheet...
1/ Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018: Accounts...
1/ Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018: Accounts payable $25,300 Bond payable, due 2027 24,200 Salaries payable 16,700 Note payable, due 2019 21,600 Note payable, due 2023 40,400 What amount should be included in the current liabilities section of Janson's December 31, 2018, balance sheet? Multiple Choice $66,200. $42,000. $104,000. $63,600. 2/ The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. Assets Liabilities and Equity Current...
1/Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018: Accounts payable...
1/Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018: Accounts payable $26,500 Bond payable, due 2027 24,000 Salaries payable 17,400 Note payable, due 2019 20,300 Note payable, due 2023 41,200 What amount should be included in the current liabilities section of Janson's December 31, 2018, balance sheet? Multiple Choice $67,900. $105,400. $43,900. 2/ anson Corporation Co.'s trial balance included the following account balances at December 31, 2018: Accounts receivable $12,600 Inventories 40,000 Patent 13,300 Investments...
0 Data Table Credit Griffith Corporation Adjusted Trial Balance December 31, 2018 Account Debit Cash $...
0 Data Table Credit Griffith Corporation Adjusted Trial Balance December 31, 2018 Account Debit Cash $ 16,000 Accounts receivable 18,600 Supplies 2,100 Prepaid rent 1,800 Equipment 37,400 Accumulated depreciation- equipment Accounts payable Interest payable Unearned service revenue Income tax payable Note payable Common stock Retained earnings Dividends 10,000 Service revenue Depreciation expense- equipment 2,000 Salary expense 40,700 Rent expense 10,800 Interest expense 2,900 Insurance expense 4,200 Supplies expense 2,200 Income tax expense 7,300 Total $ 156,000 $ 4,600 9,300 400...
Required information [The following information applies to the questions displayed below] The December 31, 2018, adjusted...
Required information [The following information applies to the questions displayed below] The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 11,300 143.000 5,300 26.500 330,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense $ 128,000 11,300 10.300 4,300 33.000 230,000 53,000 430,000 330,000...
The following account balances appear in the 2018 adjusted trial balance of Spiders Corporation: Common Stock....
The following account balances appear in the 2018 adjusted trial balance of Spiders Corporation: Common Stock. $14,000; Retained Earnings $6,400. Dividends, $500, Service Revenue, $23,200: Salaries Expense. $14.400; and Rent Expense, $7,400. No common stock was issued during the year. Prepare the statement of stockholders' equity for the year ended December 31, 2018 SPIDERS CORPORATION Statement of Stockholders' Equity For the year ended December 31, 2018 Common Stock Retained Earnings Total Stockholders Equity Balance at January Balance at December 31
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $131.000;...
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $131.000; Patents and copyrights = $630,000: Accounts payable - $212,000. Accounts receivable = $107,500; Tangible net fixed assets = $1,630,000: Inventory = $295,000 Notes payable = $180,000; Accumulated retained earnings = $1,270,000: Long-term debt = $849,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.) ROGERS CORP. Balance Sheet Assets Liabilities and Equity Current liabilites Total liabilities ROGERS...
The following account balances appear in the 2018 adjusted trial balance of Blue Devils Corporation: Cash $5,000 Accounts Receivable, 50.000, Supplies, $18.000, Equipment, $120,000 Accumulated Depreciation, $45,000, Accounts Payable, 526.000: Salaries Payable, $16,000Common Stock, $60,000, and retained Earnings Prepare the December 31, 2018, classified balance sheet including the correct balance for retained earnings (Amounts to be deducted should be entered with minus sign.) BLUE DEVILS CORPORATION Balance Sheet December 31, 2018 Current liabilities: Tot current set Toteurrent liabile Stockholders' Equity...
The following account balances appear in the 2021 adjusted trial balance of Blue Devils Corporation: Cash, $3,000; Accounts Receivable, $7,000; Supplies, $17,000; Equipment, $100,000; Accumulated Depreciation, $35,000; Accounts Payable, $24,000; Salaries Payable, $14,000; Common Stock, $40,000; and Retained Earnings, LVVILUVVIVI VINTIVI Balance Sheet December 31, 2021 Assets Liabilities Current assets: Current liabilities: Cash $ $ 24,000 3,000 7,000 17,000 Accounts Payable Salaries Payable Accounts Receivable 14,000 Supplies Total current assets 27,000 Total current liabilities 38,000 Stockholders' Equity Long-term assets: Equipment...
not sure what is wrong here
The following account balances appear in the 2018 adjusted trial balance of Blue Devils Corporation: Cash, S4100, Accounts Receivable, $8,100, Supplies, $18,100; Equipment, $111,000, Accumulated Depreciation, $10,500, Accounts Payable, $25,100, Salaries Payable, $15,100. Common Stock, $51,000, and Retained Earnings. Prepare the December 31, 2018, classified balance sheet including the correct balance for retained earnings. (Amounts to be deducted should be entered with minus sign.) Assets Answer is not complete. BLUE DEVILS CORPORATION Balance Sheet...
ne valdnice sheet (L03-5) The following account balances appear in the 2021 adjusted trial balance of Blue Devils Corporation: Cash, $3,900; Accounts Receivable, $7,900; Supplies, $17,900; Equipment, $109,000; Accumulated Depreciation, $39,500; Accounts Payable, $24,900, Salaries Payable, $14,900; Common Stock, $49,000; and Retained Earnings, Prepare the December 31, 2021, classified balance sheet including the correct balance for retained earnings. (Amounts to be deducted should be entered with minus sign.) Assets Current assets: Cash Accounts Receivable Supplies BLUE DEVILS CORPORATION Balance Sheet...
0 Data Table Credit Griffith Corporation Adjusted Trial Balance December 31, 2018 Account Debit Cash $ 16,000 Accounts receivable 18,600 Supplies 2,100 Prepaid rent 1,800 Equipment 37,400 Accumulated depreciation- equipment Accounts payable Interest payable Unearned service revenue Income tax payable Note payable Common stock Retained earnings Dividends 10,000 Service revenue Depreciation expense- equipment 2,000 Salary expense 40,700 Rent expense 10,800 Interest expense 2,900 Insurance expense 4,200 Supplies expense 2,200 Income tax expense 7,300 Total $ 156,000 $ 4,600 9,300 400...
Required information [The following information applies to the questions displayed below] The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 11,300 143.000 5,300 26.500 330,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense $ 128,000 11,300 10.300 4,300 33.000 230,000 53,000 430,000 330,000...
The following account balances appear in the 2018 adjusted trial balance of Spiders Corporation: Common Stock. $14,000; Retained Earnings $6,400. Dividends, $500, Service Revenue, $23,200: Salaries Expense. $14.400; and Rent Expense, $7,400. No common stock was issued during the year. Prepare the statement of stockholders' equity for the year ended December 31, 2018 SPIDERS CORPORATION Statement of Stockholders' Equity For the year ended December 31, 2018 Common Stock Retained Earnings Total Stockholders Equity Balance at January Balance at December 31
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $131.000; Patents and copyrights = $630,000: Accounts payable - $212,000. Accounts receivable = $107,500; Tangible net fixed assets = $1,630,000: Inventory = $295,000 Notes payable = $180,000; Accumulated retained earnings = $1,270,000: Long-term debt = $849,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.) ROGERS CORP. Balance Sheet Assets Liabilities and Equity Current liabilites Total liabilities ROGERS...
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