Question regarding the appollo corporation

Assignment Help Accounting Basics
Reference no: EM13257056

Appollo Corporation reported the following accounts and balances in its financial statements.

Cash $10,000

Merchandise Inventory $30,000

Equipment 45,000

Notes Payable 20,000

Contributed Capital 35,000

Retained Earnings 30,000

Arrange the accounts and balances into the accounting equation as shown below.

Assets = Liabilities + Equity

Reference no: EM13257056

Questions Cloud

Improvements in the working capital accounts : Management also expects improvements in the working capital accounts.  The company's objective isto improve accounts receivable by eight days, and turn inventory around by 0.2turns faster. a) How much cashwill be generated from accounts receivable..
Find the final angular speed of the clay and turntable : A uniform cylindrical turntable of radius 1.80 m and mass 25.2 kg rotates counterclockwise in a horizontal plane with an initial angular speed of 4pi rad/s. Find the final angular speed of the clay and turntable
Important to be aware of the productivity changes : Why is it important to be aware of the productivity changes?
Calculate the market capitalization for ge : Assume General Electric (GE) has about 10.3 billion shares outstanding and the stock price is $37.10. Also assume the P/E ratio is about 15.8. Calculate the market capitalization for GE. (Approximately)
Question regarding the appollo corporation : Appollo Corporation reported the following accounts and balances in its financial statements.
Determine the amount to be reported as an investment : Journalize the transactions. Determine the amount to be reported as an investment in Connorsstock at December 31.
What is staffing strategy : What is staffing strategy? Why is it important? Can anyone take an example of a company we are all familiar with and discuss how their business goals might be supported with a specific staffing strategy?
Various types of remedies and damages available : Identify and explain the various types of remedies and damages available for breach of a contract.
The requirements for legal compliance related : Consider the requirements for legal compliance related to staffing. What are some employment laws that govern staffing? Choose one and share some information about it with the class.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What are the pros and cons for increasing the information

What are the pros and cons for increasing the information being supplied by companies in their segment reporting?

  Calculate the company break-even point in dollar sales

Calculate the company's break-even point in dollar sales. If sales are $1,800,000 above the break-even point, what will income be (i) pretax income and (ii) after-tax income?

  Find out long term liablities

inventories $4200,000 total $14000,000 current ratio 2.25 acid-test ratio 1.2 debt to equity ratio 1.8

  Compute the factory overhead volume variance.

The St. Augustine Corporation originally budgeted for $360,000 of fixed overhead. Production was budgeted to be 12,000 units. The standard hours for production were 5 hours per unit.

  Basics consolidated statements

If the patent is to be written off over a 10-year period, at what amount should it be reported on consolidated statements at December 31, 2012?

  Compute the operating income for each of the five customers

Handy-Man Services is a repair-service company specializing in small household jobs. Each client pays a fixed monthly service fee based on the number of rooms in the house. Records are kept on the time and material costs used for each repair. The ..

  Change in reporting entity

Which of the following accounting treatments is proper for a change in reporting entity?

  Ethical dilemma in business

Describe in detail an ethical dilemma in business that you or a coworker experienced and how it was resolved.

  Capitalization of certain expenditures

Which of the following scenarios reflects the correct application of U.S. GAAP for capitalization of certain expenditures as intangible assets?

  Amount of accrued interest payable problem

Phipps Company borrowed $25,000 cash on October 1, 2009, and signed a six-month, 8% interest-bearing note payable with interest payable at maturity. Assuming that no adjusting entries have been made during the year, the amount of accrued interest ..

  Amount of under or overallocation of manufacturing overhead

Compute the amount of under- or overallocation of manufacturing overhead. Is the amount material? Prepare a journal entry to dispose of this amount.

  Expenses and revenues in the chevy business

What are cheverolets 4 main financial statements? Can you show them on a flow chart? What are the expenses and revenues in the Chevy business?

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