Question

Assume the following data: building 100.000, land 50.000, cash 30.000, AP 30.000, bank loan 60.000, AR...

Assume the following data:

building 100.000, land 50.000, cash 30.000, AP 30.000, bank loan 60.000, AR 12.000, unearned revenue 8.000, equipment 60.000, car 40.000, supplies 18.000, NR 40.000, rent payable 2.000, capital ??, drawings 10.000, service revenue 100.000, rent exp. 15.000, salaries exp. 25.000

what is current assets

what is fixed assets

what is total liabilities

what is total owners’ equity

what is net income

Homework Answers

Answer #1

The answer has been presenetd in the supporting sheet. For detailed answer refer to the supporting sheet.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Cash 4.350, AR 1.800, supplies 8670, prepaid insurance 2.300, equipment 26.000, accumulated depreciation 2.000, AP 6.200,...
Cash 4.350, AR 1.800, supplies 8670, prepaid insurance 2.300, equipment 26.000, accumulated depreciation 2.000, AP 6.200, salaries payable 1.200, unearned revenue 2.750, capital ??, withdrawals 1.500. service revenue 20.000, depreciation expense 1.000, salaries expense 6.000, insurance expense1.200, rent expense 1.100, supplies expense 200. What is the total expenses? What is the net profit? What is the total fixed assets? What is the total current assets? What is the total short term liabilities?
Thanos Merchandising Company Unadjusted Trial Balance December 13, 2019 Account Balance Bank 187.200 Interest Payable 180.000...
Thanos Merchandising Company Unadjusted Trial Balance December 13, 2019 Account Balance Bank 187.200 Interest Payable 180.000 Bank Loan (5 years) 552.000 Notes Receivable 336.000 Service Revenue 1.080.000 Cost of Service 576.000 Office Supplies 21.600 Accumulated Depreciation(Building) 336.000 Equipment 264.000 Marketing Expense ???? Building 480.000 Depreciation Expense (Building) 72.000 Interest receivable 90.000 Note payable (3 years) 300.000 Cash 33.600 Profit from sale of equipment 7.200 Account Receivable 136.800 Capital 924.000 Utilities Expense 230.400 Accounts Payable 168.000 Bank Loan (1 year) 60.000...
You are a Junior Accountant for X-RAY Inc., and you receive from the CFO the following...
You are a Junior Accountant for X-RAY Inc., and you receive from the CFO the following information which affects the Financial Statements of the company. X-RAY Incorporate Unadjusted Trial Balance 31.12.2016 Debit Credit Cash 43.820 Accounts receivable 22.000 Supplies 1.230 Prepaid Expenses 5.200 Prepaid Interests 18.750 Vehicles 10.000 Computers 3.000 Furniture 8.000 Building 55.000 Accumulated Depreciation 7.000 ST Debt (Loan) 25.000 LT Debt (Loan) 100.000 Accounts payable 2.000 Unearned Revenue 10.000 Common stock 5.000 Retained earnings 18.000 Loss/Profit Total 167.000...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT