User Account

All Pages

What are the total liabilities at the end of september

Assignment Help Accounting Basics
Reference no: EM131778644

Problem -  Sharon Foods, Inc. reported the following transactions for September 2017.

a) The business received $23,000 cash and issued common stock. It was credited to Common Stock.

b) The business purchased office equipment for $11,500 for which $3,500 cash was paid and the balance was put on a note payable.

c) Paid insurance expense of $1,800 cash.

d) Paid the September utility bill for $800 cash.

e) Paid $1.600 cash for September rent.

f) The business had sales of $11,000 in September. Of these sales, 60% were cash sales, and the balance was credit sales.

g) The business paid $9,000 cash for office furniture.

What are the total liabilities at the end of September 2017?

A. $11,500

B. $8,000

C. $1,800

D. $11,000

Reference no: EM131778644

Questions Cloud

Four types of precipitation processes : Please explain and compare the four types of precipitation processes (Rain, Snow, Sleet, etc. are precipitation types, not the types of precipitation processes)
Austral and pacific realm : Step 1. Search the Internet for a recently published news article that describes a recent event that occurred in the Austral and Pacific realm
Explain the benefits and limitations of each approach : Post an example that illustrates the difference between a fee-for-service payment and a case-based service payment.
Have those programs been successful : Do educational campaigns exist to support a greener way of life in your community? If so, what are these programs? Have those programs been successful?
What are the total liabilities at the end of september : The business received $23,000 cash and issued common stock. It was credited to Common Stock. What are the total liabilities at the end of September 2017
Require a multidisciplinary approach to nutrition education : Traditionally, nutrition programs were targeted to the indigent and poor populations in developing countries.
What landforms provide evidence of sea level : Are there specific climatic events that would alter the landform to show either evidence of a sea level rise or fall? Provide specific examples where
Explain the impact of new technology on business models : Explain the impact of new technology on organizational business models. How technology has allowed for the development of enhanced features in e-commerce.
Current pollution trends : What changes could be made by humans to alter the current pollution trends and produce a different outcome than the one you previously projected?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Record the two events in general journal format

Moore Corporation repurchased 4,000 shares of its own stock for $30 per share. The stock has a par of $10 per share. A month later Moore resold 2,500 shares of the treasury stock for $35 per share.

  Groups all revenues together and all expenses together

1 the statement of cash flows is used for . a. showing the relationship of net income to changes in current assets b.

  Regarding the company pension plan

Choose one of the following corporations: (1) The Coca-Cola Company; or (2) PepsiCo, Inc. Find the corporation's most recent annual report online and use it to answer the following questions regarding the company's pension plan.

  What are the primary documents supporting a job

What are the primary documents supporting a job order costing system and what purposes are served by each of them and how does information from a job order costing system support management decision making?

  Austin incurs 3600 for business meals while traveling for

austin incurs 3600 for business meals while traveling for his employer tex inc. austin is reimbursed in full by tex

  Percentages of industrial robot units assigned

An industrial group reports that there were approximately 122,000 industrial robots operating in a region last year. The graph shows the percentages of industrial robot units assigned to each of six task categories.

  Weighted-average method in its process costing system

Hobart Beverage Company uses the weighted-average method in its process costing system. Materials are included at the start of the production process but conversion costs are uniformly applied throughout the production process.

  Prepare the statement of cash flows

The following is a list of items for the 2010 statement of cash flows of the Witts Company:

  What conclusions can be drawn from these analyses

What conclusions can be drawn from these analyses regarding Ralph Lauren's efficiency in collectingreceivables?

  Determining capital structure and dividend policy

Firms A and B are identical except for their level of debt and the interest rates they pay on debt. Each has $2 million in assets, $400,000 of EBIT, and has a 40% tax rate.

  On december 1 2010 lester company issued at 103 two hundred

on december 1 2010 lester company issued at 103 two hundred of its 9 1000 bonds. attached to each bond was one

  Solex company manufactures three products from a common

solex company manufactures three products from a common input in a joint processing operation. joint processing costs

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