What did mazaya company show as total debits

Assignment Help Accounting Basics
Reference no: EM132557836

Question - Mazaya Company showed the following balances at the end of its first year Cash R.O. 18,200; Prepaid insurance 1,820: Accounts receivable 9,100: Accounts payable 7, 280: Notes payable 10.920: Share capital-ordinary 3,640; Dividends 1,820; Revenues 54,600; Expenses 45,500; What did Mazaya Company show as total debits on its trial balance?

a. R.O. 80,080

b. R.O.78,260

c. R.O. 74,620

d. R.O. 76,440

Reference no: EM132557836

Questions Cloud

What are the measures used by the regulators to regulate : What are the measures used by the regulators to regulate the quality of accounting information? Who are the accounting regulators in Malaysia?
How has the utilization of mobile technologies : How has the utilization of mobile technologies impacted search engine optimization practices?
Prepare the required entry that the calvin t ng bank should : Prepare the required entry that Dovid Morris should make on December 31, 2014. Prepare the required entry that the Calvin T. Ng Bank should
Prepare the journal entries on the book of the tina thi thuy : Prepare the journal entries on the books of the Tina Thi Thuy Le Corporation to record the following January 01, 2000: issuance of the bonds
What did mazaya company show as total debits : Share capital-ordinary 3,640; Dividends 1,820; Revenues 54,600; Expenses 45,500; What did Mazaya Company show as total debits on its trial balance
Draft of your report on the company : Complete a first full draft of your report on the company you have been studying throughout the course - financial analysis of their company and feedback
Provide the journal entry for the current year taxes : $200,000 of income before income taxes, a 40% tax rate, and $130,000 of taxable income. Provide the journal entry for the current year's taxes.
Fair job of handling performance appraisals : Most supervisors does a fair job of handling performance appraisals. Discuss your views on this statement.
What are prospective and retrospective treatments : What are prospective and retrospective treatments mentioned in IAS 8 and what types of policy changes have retrospective and prospective effects?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Anita vasquez received 210000 from her mothers estate she

anita vasquez received 210000 from her mothers estate. she placed the funds into the hands of a broker who purchased

  Prepare kingdom amortization schedule

The normal selling price of the jousting equipment is $325000 and the cost of the asset to Kingdom Leasing Inc. was $250000.

  Find out the tax consequences

Put in holding company in exchange for 1 million in p/s and 800,000 in debt, what are the tax consequences?

  Compute the cash received from the sale of the equipment

Mercury Company reports depreciation expense of $52,000 for Year 2. Also, equipment costing $177,000 was sold for its book value in Year 2.

  Prepare journal entries to record transactions during july

Prepare journal entries to record transactions during the month of July. Malone, Inc. uses a job-order cost accounting system and keeps perpetual inventory

  Prepare contribution margin income statement for the month

Prepare a contribution margin income statement for the month with two columns: in the first column, show the resultsfollowing Paul's decision rule.

  How much income does Abe recognize

ACE is an S corporation whose sole shareholder is Abe. How much income does Abe recognize from this distribution

  What does toyota have to gain by becoming a sponsor

The Vegas Golden Knights have signed a three-year partnership with Toyota, making the automotive company their first in-ice sponsor ahead of their launch.

  Violas income under variable costing

What is Violas income under variable costing? What is Violas income under absorption costing?

  Prepare an income statement for Paw Prints Pet Sitters

Collected $460 from credit customers. Prepare an income statement for Paw Prints Pet Sitters for month ended November 30, 2019

  Use examples to illustrate your response

Explain the following statement: Changes in disposable income lead to movements along the consumption function while changes in wealth lead to a shift of the consumption function. Use examples to illustrate your response.

  Does Teslas Financial Statements reflect this risk

Are there any potential regulations or set backs within the trial runs being done that could impact Tesla? Does Tesla's Financial Statements reflect this risk

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