User Account

All Pages

Make the current assets section of the balance sheet

Assignment Help Accounting Basics
Reference no: EM13520212

Koch Corporation's adjusted trial balance contained the following asset accounts at December 31, 2012: Cash $7,000; Land $40,000; Patents $12,500; Accounts Receivable $90,000; Prepaid Insurance $5,200; Inventory $30,000; Allowance for Doubtful Accounts $4,000; Equity Investments (trading) $11,000. Prepare the current assets section of the balance sheet, listing the accounts in proper sequence.

Reference no: EM13520212

Questions Cloud

Explain the synthesis of 1,2-dichloropropane : The correct sequence steps that will result in the synthesis of 1,2-dichloropropane using acetylene and any alkyl halides as starting materials is
Financial statements of arenes corporation for the year 2012 : Describe fully how each of the items above should be reported in the financial statements of Arenes Corporation for the year 2012.
Define 2-methylcyclohexene mentioned as a possible product : 1-methylcyclohexene and 3-metheylcyclohexene were mentioned as possible products were mentioned as possible products of the dehydration of 2-methylcyclohexanol. Why wasn't 2-methylcyclohexene mentioned as a possible product
Estimate the voltage across each resistor : two 8ohm resistors are connected in parallel, as are two 4 ohm resistors. these two combinations are then connected in series in a circuit with a 12 v battery, estimate the voltage across each resistor
Make the current assets section of the balance sheet : Inventory $30,000; Allowance for Doubtful Accounts $4,000; Equity Investments (trading) $11,000. Prepare the current assets section of the balance sheet, listing the accounts in proper sequence.
Explain the density of glacial acetic acid is 1.05 : If 20.0 ml of glacial acetic acid (pure ) is diluted to 1.20 L with water, what is the of the resulting solution. The density of glacial acetic acid is 1.05.
Find the relative magnetic permeability of the material : a 50 cm long solenoid has 100 turns of wire and carries a current of .95 A. it has a ferromagnetic core completely filling its interior where the field is .71 T. find the relative magnetic permeability of the material
What would you predict future cash flows : Can the CFO be right? Why - based on the information provided, what would you predict future cash flows to be?
Explain how many valence electrons are in a stable ion : If the valence shell is considered to be n=4, how many valence electrons are in a stable ion of a period 4 metal

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the rate of return on project

The Wine Press is considering a project which has an initial cash requirement of $187,400. The project will yield cash flows of $2,832 monthly for 84 months. What is the rate of return on this project?

  What is the after-tax cash flow on the sale

Suppose the Quick Towing Company purchases a new tow truck. The old truck had a book value of $1,000 and was sold for $1,420. If Quick Towing is in the 34 percent marginal tax bracket, what is the tax liability on the sale of the truck?

  Compare and contrast the analytic tree approach with the

compare and contrast the analytic tree approach with the fault tree analysis approach. consider the pros and cons of

  Performing an appropriate hypothesis test

If the standard deviation of back charges is $650, and alpha = 0.05, test the claim of the engineering firm. Perform an appropriate hypothesis test, showing the necessary calculations and/or explaining the process used to obtain the results.

  If the firm desires to net 450 per unit in profit over

taurus tools has developed a new kitchenutensil. the firm has conducted significant market research and estimated the

  Pacific ink had beginning work-in-process inventory of

pacific ink had beginning work-in-process inventory of 587225 on october 1. of this amount 312500 was the cost of

  Total amount of federal and state unemployment tax

Unruh co. which has a taxable payroll of 400,000, is subject to FUTA tax 0f 6.2% and a state contribution rate of 5.4%. however, because of stable employment sxperience, the company's state rate has been reduced to 2%. What is the total amount of ..

  What is the ending value of the bond

You buy an 8% annual coupon bond from CARRIS Inc. that has a 25 year maturity and a required return of 12%. The par value is $1,000. You sell the bond five years later when the required return is 10%. What is the ending value of the bond when ..

  Value of the ending inventory for a perpetual inventory

Using the information outlined above, what is the value of the ending inventory for a perpetual inventory system using the FIFO inventory valuation?

  What are the major features of a jit production system

What are the major features of a JIT production system such as that of High Point and prepare summary journal entries for February.

  What is the unit materials cost for may

Production records show that there were 400 units in thebeginning inventory, 30% complete. What is the unit materials cost for May?

  The beginning inventory was 60 complete for conversion

month of april.beginning wipnbspnbspnbsp nbspnbspnbsp 18000 unitsnbspnbspnbsp started in productionnbspnbspnbsp

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