Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 11, 2024

25.Complete the information: - a) BALANCE SHEET AS ON 30 June 1920 ASSETS AMOUNT LIABILITIES AMOUNT CASH 64000 ACCOUNTS PAYBLE 350000 CASH AT BANK

25.Complete the information: - a) BALANCE SHEET AS ON 30 June 1920 ASSETS AMOUNT LIABILITIES AMOUNT CASH 64000 ACCOUNTS PAYBLE 350000 CASH AT BANK 50000 BANK LOAN SHORT TERM 500000 ACCOUNTS 160000 OUTSTANDING LIABILITIES 10000 RECEIVABLE INVENTORIES 340000 TOTAL CURRENT LIABILITIES 860000 TOTAL CURRENT 614000 ASSESTS PROPERTY 1000000 BANK LOAN LONG TERM 700000 OWNER EQUIPMENTS 800000 WORTH TOTAL 2414000 TOTAL EQUITY/CAPITAL/NET ??????? 2414000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: kieso, weygandt and warfield.

14th Edition

9780470587232, 470587288, 470587237, 978-0470587287

More Books

Students also viewed these Accounting questions

Question

I need help with the balance sheet please and owner's capital for the Owner's equity statement. The trial balance columns of the worksheet for Cullumber Roofing at March 31, 2022, are as follows....

Answered: 1 week ago

Question

CP.02.02_Step 7_Entries_SJ 7. Journalize the closing entries. After you have completed this step, print out the problem and your answer to use in the next step. Although you will complete the actual...

Answered: 1 week ago

Question

Suzuki Supply reports the following amounts at the end of 2021 (before adjustment). Credit Sales for 2021 Accounts Receivable, December 31, 2021 Allowance for Uncollectible Accounts, December 31,...

Answered: 1 week ago

Question

★★★★★

The Dulac Box plant produces 500 cypress packing boxes in two 10-hour shifts. What is the productivity of the plant?

Answered: 1 week ago

Question

★★★★★

Find Rev. Rul. 72-542, 1972-2 CB 37, and answer the following questions. The purpose of these questions is to enhance your skills in reading and interpreting authorities that you locate while doing...

Answered: 1 week ago

Question

★★★★★

In Problem 79 - 86, find the critical values, the intervals on which f (x) is increasing, the intervals on which f (x) is decreasing, and the local extrema. Do not graph. 80. f(x) = 9/x + x 82. f(x)...

Answered: 1 week ago

Question

★★★★★

The antecedents of quantitative job demands concern factors both in the organizational environment (market, technology, etc.) and within the organization (management style, HRM practices, etc.)....

Answered: 1 week ago

Question

★★★★★

Stanley Furniture Company is a Virginia-based furniture manufacturer. For each of the following firstyear transactions, indicate whether net cash inflows (outflows) from operating activities (NCFO),...

Answered: 1 week ago

Question

★★★★★

A bond is issued with a coupon of 5% paid annually, a maturity of 40 years, and a yield to maturity of 8%. What rate of return will be earned by an investor who purchases the bond for $642.26 and...

Answered: 1 week ago

Question

★★★★★

statistics A certain city holds a 100.5 mile running race. The following chart lists the times that a runner arrived at various mileage points along the way. Time (hours) 2.498 4.079 8.153 8.482...

Answered: 1 week ago

Question

★★★★★

PR 4-5 Accounting cycle 8. Net income: $68,130 217 OBJ. 4, 5 For the past several years, Samantha Hogan has operated a part-time consulting business from her home. As of July 1, 20Y9, Samantha...

Answered: 1 week ago

Question

★★★★★

An article posted by the Canadian Visa Organization regarding the cost of living in Canada in 2021 stated that Canadians spend most of their salary on paying house rent or housing mortgages....

Answered: 1 week ago

Question

★★★★★

Let's consider a binomial probability distribution. Go to https://stapplet.com/binom.html a.Enter p=.5 and n is equal to 4 then click 'plot distribution'. What is the shape of the distribution (for...

Answered: 1 week ago

Question

★★★★★

The marks on a statistics midterm test are normally distributed with a mean of 75 and a standard deviation of 4. a. What proportion of the class has a midterm test mark that is less than 80? Round...

Answered: 1 week ago

Question

★★★★★

Winkin, Blinkin, and Nod are equal shareholders in SleepEZ, an S corporation. In the conditions listed below, how much income should each report from SleepEZ for 2023 under both the daily allocation...

Answered: 1 week ago

Question

★★★★★

Analyzing and Interpreting the Financial Statement Effects of LIFO and FIFO Broadhead Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current...

Answered: 1 week ago

Question

★★★★★

The liquidliquid extractor in Figure 8.1 operates at 100F and a nominal pressure of 15 psia. For the feed and solvent flows shown, determine the number of equilibrium stages to extract 99.5% of the...

Answered: 1 week ago

Question

★★★★★

=+28. Assets and sales. A business analyst is looking at a companys assets and sales to determine the relationship (if any) between the two measures. She has data (in $million) from a random sample...

Answered: 1 week ago

Question

★★★★★

=+30. Automobiles. An editor for a major automobile magazine has collected data on the best-selling cars in the US. He is interested in the relationship between highway mileage and weight of the...

Answered: 1 week ago

Question

★★★★★

=+a) From a scatterplot, is there evidence of a linear association between Labor Productivity and Unit Labor Costs? Plot the reciprocal, Hours per output (000s), against Unit Labor Costs. Why did the...

Answered: 1 week ago

Previous Question Next Question