Write the answers to the following questions in the space provided. Fixed Assets 1. What is the

Question:

Write the answers to the following questions in the space provided.
Fixed Assets
1. What is the salvage value of Asset Number 120 (Facsimile Machine)?
2. What date was Asset Number 230 (Conveyor Belt) acquired?
3. What is the total original cost of all fixed assets?
Employee List
4. What is the salary amount for Paul Boswell?
5. What is Shirley Monson’s hourly pay rate?
6. What is Thomas Linton’s address?
Inventory
7. What is the last cost of C-Tech Spr. Heads?
8. What is the total number of items sold?
9. What is the total number of items ordered?
10. What is the total number of items received?
Accounting
11. What is the total of the Credit column on the trial balance?

12. What is the balance in the Accounts Receivable account on the trial
balance?
13. What is the balance in the Accounts Payable account on the trial balance?
14. What is the amount owed to C-Tech Manufacturing Inc.?
15. What is the total owed to all vendors?
16. What is the amount due from Rain Cloud Sprinkler Co.?
17. What is the amount due from all customers?

Salvage Value
Salvage value is the estimated book value of an asset after depreciation is complete, based on what a company expects to receive in exchange for the asset at the end of its useful life. As such, an asset’s estimated salvage value is an important... Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...

Fantastic news! We've Found the answer you've been seeking!