1 question - multiple parts
Question 9: The balances in the accounts of Martinez Co at December 31, 2002, before adjustment are as follows: What is the net income before adjustments? Cash Accounts Receivable Supplies Equipment Accounts Payable $2,300 Unearned Revenue 3,710 Martinez, Capital 5,950 Service Revenue 30,240 Salary Expense 1,200 Utilities Expense $800 35,000 9,000 1,700 2,100 Your Answers (money) Information for adjustments is as follows: 1. There are $5,300 of supplies on hand at 12/31. 2. The equipment has a 10 year useful life. Record depreciation for a full year. 3. $600 of the Unearned Revenue has been earned. 4. Work has been done for $2,000 but not yet billed. 5. Salaries of $400 are owed at 12/31. Using this information, answer the following question: SUBMIT Question 10: The balances in the accounts of Martinez Co at December 31, 2002, before adjustment are as follows: What is the net income after the adjustments? Cash Accounts Receivable Supplies Equipment Accounts Payable $2,300 Unearned Revenue 3,710 Martinez, Capital 5,950 Service Revenue 30,240 Salary Expense 1,200 Utilities Expense $800 35,000 9,000 1,700 2,100 Your Answers (money) Information for adjustments is as follows: 1. There are $5,300 of supplies on hand at 12/31. 2. The equipment has a 10 year useful life. Record depreciation for a full year. 3. $600 of the Unearned Revenue has been earned. 4. Work has been done for $2,000 but not yet billed. 5. Salaries of $400 are owed at 12/31. Using this information, answer the following question: SUBMIT Question 11: The balances in the accounts of Martinez Co at December 31, 2002, before adjustment are as follows: What will be the total liabilities on the balance sheet? Cash Accounts Receivable Supplies Equipment Accounts Payable $2,300 Unearned Revenue 3,710 Martinez, Capital 5,950 Service Revenue 30,240 Salary Expense 1,200 Utilities Expense $800 35,000 9,000 1,700 2,100 Your Answers (money) Information for adjustments is as follows: 1. There are $5,300 of supplies on hand at 12/31. 2. The equipment has a 10 year useful life. Record depreciation for a full year. 3. $600 of the Unearned Revenue has been earned. 4. Work has been done for $2,000 but not yet billed. 5. Salaries of $400 are owed at 12/31. Using this information, answer the following question: SUBMIT Question 14: The balances in the accounts of Martinez Co at December 31, 2002, before adjustment are as follows: What will be the total assets on the balance sheet? Cash Accounts Receivable Supplies Equipment Accounts Payable $2,300 Unearned Revenue 3,710 Martinez, Capital 5,950 Service Revenue 30,240 Salary Expense 1,200 Utilities Expense $800 35,000 9,000 1,700 2,100 Your Answers (money) Information for adjustments is as follows: 1. There are $5,300 of supplies on hand at 12/31. 2. The equipment has a 10 year useful life. Record depreciation for a full year. 3. $600 of the Unearned Revenue has been earned. 4. Work has been done for $2,000 but not yet billed. 5. Salaries of $400 are owed at 12/31. Using this information, answer the following question: SUBMIT Question 13: What will be Martinez, Capital on the balance sheet? The balances in the accounts of Martinez Co at December 31, 2002, before adjustment are as follows: $800 Cash Accounts Receivable Supplies Equipment Accounts Payable $2,300 Unearned Revenue 3,710 Martinez, Capital 5,950 Service Revenue 30,240 Salary Expense 1,200 Utilities Expense 35,000 9,000 1,700 2,100 Your Answers (money) Information for adjustments is as follows: 1. There are $5,300 of supplies on hand at 12/31. 2. The equipment has a 10 year useful life. Record depreciation for a full year. 3. $600 of the Unearned Revenue has been earned. 4. Work has been done for $2,000 but not yet billed. 5. Salaries of $400 are owed at 12/31. Using this information, answer the following question: SUBMIT Question 14: The balances in the accounts of Martinez Co at December 31, 2002, before adjustment are as follows: What is the book value of the equipment on the balance sheet? Cash Accounts Receivable Supplies Equipment Accounts Payable $2,300 Unearned Revenue 3,710 Martinez, Capital 5,950 Service Revenue 30,240 Salary Expense 1,200 Utilities Expense $800 35,000 9,000 1,700 2,100 Your Answers (money) Information for adjustments is as follows: 1. There are $5,300 of supplies on hand at 12/31. 2. The equipment has a 10 year useful life. Record depreciation for a full year. 3. $600 of the Unearned Revenue has been earned. 4. Work has been done for $2,000 but not yet billed. 5. Salaries of $400 are owed at 12/31. Using this information, answer the following question: SUBMIT
