Complete the statement of owner equity

Assignment Help Accounting Basics
Reference no: EM132643576

Question - On December 31, Green Co. had the following list of accounts and their respective annual balances.

Additional Resources

Accounts Payable $42,200

Maintenance Expense $4,300

Accounts Receivable 48,300

Prepaid Rent 16,500

Advertising Expense 6,500

Rent Expense 3,300

Beginning Capital 55,600

Service Revenue 38,500

Cash 26,200

Supplies 18,400

Deferred Revenue 9,700

Supplies Expense 2,500

Drawing 20,000

Required - Complete the statement of owner's equity?

Reference no: EM132643576

Questions Cloud

What are some of the challenges with setting a budget : Do you think cross-subsidization occurs in the marketplace? If so, why? What are some of the challenges with setting a budget?
Calculate the after tax cash flow from operations : Calculate the after tax cash flow from operations for 2009 (no assets were disposed of during the year, and there was no change in interest payable)
Why is variance analysis critical to business success : Why is variance analysis critical to business success? Have you ever done a statistics budget to determine your budget?
Identify the experience of each team member : List the name of each team member using fictional names for confidentiality purposes. Identify the experience of each team member and recognize any specialized.
Complete the statement of owner equity : On December 31, Green Co. had the following list of accounts and their respective annual balances. Complete the statement of owner equity
What must be the price of a 6-month put option : How far would it have to move in either direction for you to make a profit on your initial investment?
Conviction about the stock price future movement : What would be a simple options strategy using a put and a call to exploit your conviction about the stock price's future movement?
The sale of additional units adds more to revenues : To maximize profit, a price taker will expand its output as long as the sale of additional units adds more to revenues (marginal revenues) than to costs
BP deepwater disaster plan failure : The terms "BP deepwater disaster plan failure." You will find many results. What part of the contingency planning process came up short

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is amount of amortization that angstrom should record

Angstrom Corporation purchased a truck at a cost of $60,000. It has an estimated useful life of five years and estimated residual value of $5,000. What is the amount of amortization that Angstrom should record for year 3 under the straight-line met..

  Apollo company management targets an annual after-tax

apollo company management targets an annual after-tax income of 840000. the company is subject to a 20 income tax rate.

  Prepare the journal entry to record the acquisition of land

The land was recently appraised at $85,000. The Common Stock is actively traded at $40 per share. Prepare the journal entry to record the acquisition of land

  Calculate the tax depreciation each year

Calculate the tax depreciation each year and the associated cooperation tax saving. Illustrate the timing of the tax savings calculated in above.

  Tampa foundry began operations throughout the current year

tampa foundry began operations during the current year manufacturing various products for industrial use. one such

  Would be considered taxable if is an inheritance of stock

Would be considered taxable if is an inheritance of stock? On May 24, 2019, Bob sold for $21,000 stock inherited from his father. His father died on June 14

  What is the average collection period in days

The Coca-Cola Company's accounts receivable turnover was 9.05 in 2014, and its average amount of net receivables during the period was $3,424 million.

  The maintenance departments costs are allocated to other

the maintenance departments costs are allocated to other departments based on the number of hours of maintenance use by

  Norton company reports the following operating results for

norton company reports the following operating results for the month of august sales 310000 units 5000 variable costs

  What amount will be in the fund in 20 years

Anne Boleyn will invest $5,000 a year for 20 years in a fund that will earn 12% annual interest. If the first payment into the fund occurs today, what amount will be in the fund in 20 years?

  Factory overhead applied to production

During the period, labor costs incurred on account amounted to $250,000 including $200,000 for production orders and $50,000 for general factory use. In addition, factory overhead applied to production was $23,000. From the following, select the e..

  How do you think lesley chomski should respond after the

lesley chomski is the supervisor of the new product division of mco corporation. her annual bonus is based on the

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd