User Account

All Pages

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?

Reviews

Write a Review

Accounting Basics Questions & Answers

  The building and equipment are estimated to cost 1200000

thurman munster the owner of adams family rvs is considering the addition of a service center his lot. the building and

  Problem of perpetual inventory system

When merchandise is returned under the perpetual inventory system, the buyer would credit:

  Business communication

Describe how the product will do in this new environment.

  Pact company had net income of 972000 based on variable

pact company had net income of 972000 based on variable costing. beginning and ending inventories were 7800 units and

  How evidence is the heart of the audit

How evidence is the heart of the audit.

  An investor bought a one-acre lot on the outskirts of a

an investor bought a one-acre lot on the outskirts of a city for 9000 cash. each year she paid 80 of property taxes .

  Elements of the generally accepted auditing standards

Describe the elements of the Generally Accepted Auditing Standards (GAAS). Describe how these standards apply to financial, operational, and compliance audits. Explain the effect that the Sarbanes-Oxley Act of 2002, and the Public Company Accounting..

  How the quantity expansion of euro money would change

Discuss how the quantity expansion of euro money would change the value of euro, exchange rate (depreciation or appreciation) against other currencies, and exports and imports in the EU. How would this contribute to EU's current account balance a..

  Peyton company manufactures phone

Peyton Company manufactures Phone X and Phone Y. Peyton can sell all it can make of either. Based on the following data, assuming the number of hours is a constraint, which statement is true?

  Journalizing and posting adjustments to the t-accounts

Journalizing and posting adjustments to the T-accounts and preparing an adjusted trial balance - Journalize the adjusting entries on December 31.

  Calculate the average annual dividend per share for each

calculate the average annual dividend per share for each class of stock for the six-year period. if required round your

  Compute the total contribution margin

A camera company produces and sells cameras, film, and other imaging products. A condensed 2000 income statement

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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