What are the total liabilities and equity for the company

Assignment Help Financial Accounting
Reference no: EM131264082

Below is an adjusted trial balance for a company. What are the total liabilities and equity for the company?

Debit Credit

Cash 22,000

Accounts Receivable 3,000

Inventory 200

Prepaid Rent 9,000

Accounts Payable 4,100

Salaries Payable 1,200

Common Stock 28,000

Dividends 1,000

Sales Revenue 23,000

Operating Expenses 16,000

Salary Expenses 1,200

Supplies Expense 900

Rent Expense 3,000

Totals: $56,300 $56,300

Reference no: EM131264082

Questions Cloud

Make a thermodynamic analysis of this process : The two streams at 1000 kPa would then be mixed. Determine the rates at which steam at each initial pressure must be supplied to provide enough steam at 1000 kPa so that upon condensation to saturated liquid heat in the amount of 300 kW is release..
Low cost retailers locate near low income customers : Should low-cost retailers be required to locate near low-income customers? Why or why not? - Write a brief paragraph on how the AMA Statement of Ethics relates to retailing locations.
The real risk-free rate of return : You read in The Wall Street Journal that 30-day T-bills are currently yielding 5 percent. Your brother-in-law, a broker at Kyoto Securities, has given you the following estimates of current interest rate pre­miums: On the basis of these data, the rea..
How has the organization contributed to the quality movement : The primary purpose and target audience of the organization. Outline any membership requirements and benefits. How has the organization contributed to the quality movement. Examine advantages and disadvantages of each organization.
What are the total liabilities and equity for the company : Below is an adjusted trial balance for a company. What are the total liabilities and equity for the company?
Calculate the displacements reactions and internal forces : Calculate the displacements, reactions and internal forces for the system shown. For the beams E = 200,000 MPa, I = 500x106 mm4, and A = 12x103 mm2. For the truss members A = 8x103 mm2
Design a simulink diagram that implements the solution : Write a MATLAB script and design a Simulink diagram that implements the solution to Problem 12.8 with different filter parameter values N, and discuss the set-point step responses obtained by considering the effect of measurement noise on the proc..
How a pencil miraculously appears on store-shelves : If the US is a market economy that "I, Pencil" essay describes, why then is there a need for government subsidies for solar energy, in contrast to how a pencil "miraculously" appears on store-shelves without any government involvement?
What types of retail establishments might be used : What types of retail establishments might be used for your firm's product? - Are they in locations convenient to the target customers?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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