Presented below is selected information related to Kirby Company at December 31, 2020 Kirby reports financial information monthly a Determine the total assets of Kirby Company at December 31, 2020 b Determine the net income that Kirby Company reported for December 2020 c Determine the owners equity...

a The total assets are 49000 comprised of Cash 6500 Accounts Receivable 13500 and Equipment 29000 65 ...

Presented below is selected information related to Kirby Company at December 31, 2020. Kirby reports financial information

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Presented below is selected information related to Kirby Company at December 31, 2020. Kirby reports financial information monthly.

Accounts Payable Salaries and Wages Expense Notes Payable Rent Expense $ 3,000 $16,500 25,000 10,500 Cash 6,500 Advertis

a. Determine the total assets of Kirby Company at December 31, 2020.
b. Determine the net income that Kirby Company reported for December 2020.
c. Determine the owner€™s equity of Kirby Company at December 31, 2020.

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Accounting Principles

ISBN: 978-1119411482

13th edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Jan 12, 2019 04:11 AM

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Presented below is selected information related to Kirby Company at December 31, 2020. Kirby reports financial information

Question:

Accounts Payable Salaries and Wages Expense Notes Payable Rent Expense $ 3,000 $16,500 25,000 10,500 Cash 6,500 Advertising Expense 6,000 Accounts Receivable Service Revenue 53,500 13,500 Owner's Drawings Equipment 29,000 7,500

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Accounting Principles

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