Prepare classified balance sheet using the balances

Assignment Help Accounting Basics
Reference no: EM133143122

Question - Below is Cambridge Services' financial accounting information for the year ending September 30, 2018.

Cash $8,280

Equipment $36,010

Accounts Payable $4,110

Accounts Receivable $3,760

Accumulated Depreciation $820

Unearned Revenue $420

Inventory $7,890

Prepaid Insurance $2,560

Notes Payable $30,000

Taylor, Capital $23,150

The note is payable over 3 years and $10,000 will be paid by September 30, 2019.

Required - Prepare classified balance sheet using the balances listed above.

Reference no: EM133143122

Questions Cloud

What is amount of dividends received by common stockholders : The board of directors declares and pays a $44500 dividend in 2019 and in 2020. What is the amount of dividends received by the common stockholders in 2020
Change management timeline : HR roles can be categorized into four areas: strategic, administrative, operational, cultural). These areas interact with each other quite a bit. Please share a
What impacts will each of those changes have on hrm : The business environment changes so quickly that advice is often outdated. Assume Analyze you are a consultant. Based on your experience and readings, think abo
Define employee compensation and benefits : How would you define employee compensation and benefits (also known as Total Rewards)? Describe the total rewards you receive at your organization and discuss w
Prepare classified balance sheet using the balances : The note is payable over 3 years and $10,000 will be paid by September 30, 2019. Prepare classified balance sheet using the balances
Recruiting foreign trained health professionals : Summary of ethic of recruiting foreign trained health professionals. Runnels and colleagues (2011)
Concept of the new trade theory : Mr. Williams is a newly appointed assistant manager for a Japanese-based company. The company is thinking of outsourcing its products to the United States marke
Discuss importance of fair and accurate financial reporting : Discuss the importance of fair and accurate financial reporting in the healthcare industry in a few paragraphs and post this discussion to the discussion forum
Recruiting process of employer : What are the practical implications of this case for the recruiting process of this employer?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the weighted average cost of capital

In order to discount the free cash flows to the firm in the DCF valuation model, you need to compute the weighted average cost of capital (rwAcc).

  Xz had an installment sales of 1000000 and cost of

xz had an installment sales of 1000000 and cost of installment sales of 700000 in 2010 .a 2010 sale resulted in

  Calculate the balance of scooby low value pool

On 1 September 2019, Scooby bought a mobile phone for $580 which he used entirely for work. Calculate the balance of Scooby's low value pool as at 30 June 2020

  How the listed motivation theories would help communicate

Evaluate how the listed motivation theories would help you communicate the importance of taking vacation time to employees?

  What relationship will the auditors most likely make

Simco's shaving products division was acquired over ten years ago in a purchase transaction by BlizzardCraft. The related goodwill was amortized until 2002.

  Class company''s unit costs of manufacturing and marketing

The following are the Class Company's unit costs of manufacturing and marketing at an output level of 20,000 units per month:

  What the journal entries related to the investment

What the journal entries related to the investment in bonds assuming that the bonds are held as FA @ Amortized Cost (FAAC)

  Assume that 30000 shirts are estimated to be sold next year

1. w promotions sells t-shirts imprinted with college names and logos. next year the shirts are expected to sell

  Cash received from customers who paid in advance

cash received from customers who paid in advance for services to be performed later

  Increase the insolvency risk of an fi

Do the contingent risks of interest rate, takedown, credit, and aggregate funding tend to increase the insolvency risk of an FI? Why or why not?

  Compute the net income for the current year

Presented below are changes in the account balances of Wenn Compnay during the year, Compute the net income for the current year

  What is headland current stock price

What is Headland's current stock price? Headland Tire's current dividend is $5.40. Dividends are expected to grow by 25 percent for years 1 to 3

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