What are the total assets and total liabilities

Assignment Help Accounting Basics

Reference no: EM132826897

Problem - Blossom Limited reports the following statement of financial position accounts, in alphabetical order.

Accounts payable $3,200

Accounts receivable 13,000

Bank loan payable 32,000

Cash 9,350

Common shares 20,000

Equipment 30,000

Income tax payable 1,200

Intangible assets 5,000

Interest payable 300

Inventory 9,000

Prepaid insurance 1,000

Retained earnings 33,250

Salaries payable 700

Supplies 2,500

Unearned revenue 1,200

Vehicles 22,000

Required - What are the total assets, total liabilities, total shareholders' equity and what are the accounting equations?

Reference no: EM132826897

Questions Cloud

What is the economic order quantity in units and dollars : Anderson Enterprises has a SKU: 1234567 that has the following inventory data: previous 12 months demand was 2756 units; order cost is $180; item value is $1500

What areas do you feel you need to develop further : In 150-250 words, reflect upon your attitude towards family engagement and the effect it can have on students. Consider the following questions in your.

What is the product to packaging efficiency : A product has the following dimensions: 12 inches long, 6 inches wide, and 4 inches high. The package that it ships in has the following dimensions

What is the effective annual rate of interest on the loan : The annual percentage rate is 5.8 percent. If the credit card requires monthly payments, what is the effective annual rate of interest on the loan?

What are the total assets and total liabilities : Blossom Limited reports the following statement of financial position accounts, What are the total assets and total liabilities

What are the possible alternative responses : While teachers are always expected to be professional and uphold professional standards of practice, they also have to make decisions that sometimes do not have

Calculate the number of ftes necessary to staff : Calculate the number of FTEs necessary to staff your unit for the next budget year. Average daily census for budget year is planned to be 44 patients per day

What journal entries would be required to account for : Mining company Pine Metals Ltd (PM), Assuming that the public share float above proceeded, what journal entries would be required to account for it?

Critically compare and contrast project management : Critically compare and contrast project management approaches and their appropriateness for managing a variety of project types, including IT projects

User Account

All Pages