Make a trial balance using these amounts

Assignment Help Accounting Basics
Reference no: EM132626596

Question - XYZ com has the following account balances:

Cash 550,000

Accounts receivable 117,000

Inventory 84,000

Prepaid expenses 4,800

Equipment 245,000

Depreciation 49,000

Accounts payable 125,000

Loans payable 361,300

Net Profit 465,500

Required - Make a trial balance using these amounts.

Reference no: EM132626596

Questions Cloud

Prepare the journal entry at the end of the second year : Prepare the journal entry at the end of the second year to record the payment and interest. (Round answers to 0 decimal places, e.g. 5,275.)
Why your choice would be more effective than their options : You need to establish your own philosophy before you can communicate this with parents. Review the following quizzes to reflect on your opinion of discipline.
Who should receive training on the new software : Question - Victorian Creations. Who should receive training on the new software, and what topics should the training cover
History of augmentative or alternative communication : Discuss the purposes and history of Augmentative or Alternative Communication (AAC), especially in regard to individuals with ASD.
Make a trial balance using these amounts : Question - XYZ com has the following account balances: Cash 550,000 and Accounts receivable 117,000. Make a trial balance using these amounts
Discuss the major challenges in the recruiting process : Discuss the major challenges in the recruiting process. Evaluate the efficiency and effectiveness of the recruiting process.
Define national standards for family-school partnerships : Chapter 6 explains the National Standards for Family-school partnerships, as presented by the National PTA. Although these standards are written.
The kind of behavior : What behaviors, generally speaking, will I promote in my classes? What specific rules (5 - 10) will I use to guide student behavior?
Make the journal entry at the end of the first year : Make the journal entry at the end of the first year to record the payment and interest, assuming that the company employs the effective-interest

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is Thomas direct labour price variance for June

Thomas produced 5,000 stopwatches and used 5,150 hours of direct labour at a total cost of $102,500. What is Thomas' direct labour price variance for June

  Explain why it would have been beneficial for capital gains

bull calculate sophiass capital gains stock for the tax year 200607o explain why it would have been beneficial for

  Prepare a retained earnings statement for the year ended

Prepare a retained earnings statement for the year ended December 31, 2016. Enter all amounts as positive numbers. The word "Less" is not required.*

  There were no direct materials price or direct labor rate

at the beginning of june cornerstone printing company budgeted 10000 books to be printed in june at standard direct

  Explain which of the two projects the firm should accept

A firm must choose from one of two proposed projects presented below. The farm's cost of capital is 11.25%. Using the NPV method explain which of the two projects the firm should accept with an initial investment of initial investment  = $185000

  Business investigation expenditures during january and

business investigation expenditures. during january and february of the current year big bang llc incurs 3000 in travel

  The balance in prepaid insurance is a one-year premium paid

The balance in prepaid insurance is a one-year premium paid on June 1

  Determine the selling price of the bonds

The market interest rate for similar financial instruments is 8%. As the controller of the company, determine the selling price of the bonds

  Differentiate between the short run and long run

Let's assume that you own a fast food restaurant and you are faced with many customers each day eating in the restaurant without any tables. Describe the difference between the short run and long run in the example to bringing about more tables fo..

  What a crediting rate is

What would happen to interest rates if a new process was developed that allowed automobiles to run off oil that was formulated based on lemonade?

  What is net cash received over life of the bond investment

The straight line method of amortization is used for both premiums & discounts. What is the net cash received over the life of the bond investment

  Discuss a schedule of expected cash collections from sales

You have just been contracted as a budget consultant by LBJ Company, a distributor of bracelets to various retail outlets across the country

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