Solution-Create a balance sheet with this trial balance

Create a balance sheet with this trial balance

Assignment Help Accounting Basics

Reference no: EM131091183

Create a Balance Sheet with this Trial Balance:

	Debits	Credits
Cash	$713.083
Inventory	$1.500
Prepaid Rent	$11.000
Prepaid Insurance	$8.000
Cost Goods Sold	$78.500
Accounts Receivable	$60.000
Equipment	$300.000
Rent Expense	$1.000
Interest Expense	$417
Salary Expense	$30.000
Depreciation Expense	$36,000
Utility Expense	$1,500
Accumulated Depreciation		$36.000
Sales Revenue		$120.000
Account Payable		$30.000
Notes Payable		$50.000
Deferred Renvenue		$5.000
Commcn Stock		$1_000.000
Total	$1.241,000	$1.241.000

Reference no: EM131091183

Questions Cloud

Calculate the free cash flow to equity : Calculate the Free Cash Flow to Equity (FCFE) to the nearest dollar.

How much time does it take to find the solution : sequential search of the tree is performed using the standard depth-first search (DFS) algorithm (Section 11.2.1), how much time does it take to find the solution if traversing each arc of the tree takes one unit of time?

Made my speeches better : 3. Font cannot be larger than 12 pt ( I accept any of the "normal" fonts eg. Times New Roman, Arial, Courier New) Think about ALL the speeches you have given in class and ask yourself 3 questions:

Find the operating cash flow : Find the operating cash flow for the year for Harper Brothers, Inc. if it had sales revenue of $319,800,000, cost of goods sold of $142,200,000, sales and administrative costs of $39,900,000, depreciation expense of $66,400,000, and a tax rate of ..

Create a balance sheet with this trial balance : Create a Balance Sheet with this Trial Balance

Compute the company total assets turnover : Gardial & Son has an ROA of 16%, a 4% profit margin, and a return on equity equal to 24%. What is the company's total assets turnover?

Compute the initial investment : Also, assume that at the end of the life of this project the equipment can be sold for $4,000. Obtain the annual cash flow of the first four periods. Also compute the initial investment.

Images convey messages to audiences by analyzing : Students will identify an issue or topic that interests them and research the multiple stakeholders connected to the issue. From these stakeholders, students will select a single organization (company, non-profit, or activist) and think critically..

What are you willing to pay for the share : You are looking at a stock that you can sell for $70 in one year (existing offer in place). During the year, you will receive a dividend of $10 per share.You require a 25% rate of return. What are you willing to pay for the share?

User Account

All Pages

Create a balance sheet with this trial balance

Reference no: EM131091183

Reference no: EM131091183

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT