What are total credits on the companys trial balance

Assignment Help Financial Accounting
Reference no: EM132489775

Nash's Trading Post, LLC reports the following ledger account balances at June 30, 2022:

Cash                                                    $1762

Accounts receivable                                2798

Inventory                                             3724

Prepaid rent                                            96

Equipment                                             300

Accumulated depreciation-equipment          62

Accounts payable                                  892

Unearned rent revenue                          132

Common stock                                     216

Retained earnings                               6710

Service revenue                                   378

Interest revenue                                  66

Salaries and wages expense                  170

Insurance expense                                88

Question 1: Assuming that all of the accounts have normal balances, what are total credits on the company's trial balance at June 30, 2022?

Reference no: EM132489775

Questions Cloud

Explain about mobile security in brief : In 500 words or more, explain about Mobile Security and define various aspects of mobile security. 500-700 word, double spaced, written in APA format.
Explain a new technology that the business should deploy : Explain a new technology that the business should deploy. Be specific, don't only note the type of technology but the specific instance of technology.
Compute Net sales and Gross margin : Compute each of the following: (a) Net sales (b) Gross margin (c) Income from operations (d) Gross profit margin ratio
What are the pros and cons of the given ideas : There have been many books and opinion pieces writ-ten about the impact of AI on jobs and ideas for societal responses to address the issues.
What are total credits on the companys trial balance : Assuming that all of the accounts have normal balances. what are total credits on the company's trial balance at June 30, 2022?
How gdss can increase some benefits of collaboration : Explain how GDSS can increase some benefits of collaboration and decision making in groups and eliminate or reduce some losses. Your response should be 250-300.
Compute ABC Companys weighted average cost of capital : ABC has the following: Borrowing rate of 5% and Book value of debt = $630,000. Compute ABC Company's weighted average cost of capital
Where is current research on blockchain technology : Where Is Current Research on Blockchain Technology? Your final document should include an Abstract and a Conclusion. This assignment should be in APA format.
MAN6935 IT Value Realisation Assignment : MAN6935 IT Value Realisation Assignment help and solution, Edith Cowan University - assessment writing service - understanding of how private hospitals operate

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