Accounts Payable $ 53,000 Accounts Receivable 30,800 Cash (balance on January 1, 2013) 108,900 Cash (balance on September 30, 2013) 93,000 Common Stock 149,000 Dividends 0 Equipment 144,700 Income Tax Expense 10,900 Interest Expense 30,300 Inventory 18,000 Notes Payable 30,900 Prepaid Rent 7,800 Office Expense 15,100 Retained Earnings (beginning) 10,300 Salaries and Wages Expense 36,500 Service Revenue 153,800 Utilities Expense 25,900 Salaries and Wages Payable 16,000 Other cash flow information Cash from issuing common stock $ 29,000 Cash paid to reacquire common stock 32,900 Cash paid for income taxes 11,800 Cash paid to purchase long term assets 60,400 Cash paid to suppliers and employees 92,800 Cash received from customers 153,000 this is what I got on the balance sheet, please correct me if I'm wrong and please answer the question from 1a to 2c thank you OPENRESERVATION, INC Balance Sheet For the Nine Months Ended September 30, 2013 Assets Cash $93,000 Accounts Receivable 30,800 Inventory 18,000 Prepaid Rent 7,800 Equipment 144,700 Total Assets $294,300 Liabilities Accounts Payable $53,000 Salaries and Wages Payable 16,000 Notes Payable 30,900 Total Liabilities 99,900 Stockholders' Equity Common Stock 149,000 Retained Earnings 10,300 Total Stockholders' Equity 159,300 Total Liabilities and Stockholders' Equity $259,200 1 a What amount of total assets has been financed by the creditors and by the stockholders 1 b Did OpenReservation rely more on creditors or stockholders for its financing at September 30, 2013 Creditors Stockholders 1 c What is your information source Income Statement Statement of Retained Earnings Balance Sheet Statement of Cash Flows 2 a What is the amount of retained earnings as of September 30, 2013 2 b Did the retained earnings at September 30, 2013, arise primarily from current year earnings or earnings retained from prior years Arise primarily from current year earnings Earnings retained from prior years Approximately equal amounts of both 2 c What is your information source Income Statement Statement of Retained Earnings Balance Sheet Statement of Cash Flows

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Posted on Sep 07, 2024

Accounts Payable	$	53,000
Accounts Receivable		30,800
Cash (balance on January 1, 2013)		108,900
Cash (balance on September 30, 2013)		93,000
Common Stock		149,000
Dividends		0
Equipment		144,700
Income Tax Expense		10,900
Interest Expense		30,300
Inventory		18,000
Notes Payable		30,900
Prepaid Rent		7,800
Office Expense		15,100
Retained Earnings (beginning)		10,300
Salaries and Wages Expense		36,500
Service Revenue		153,800
Utilities Expense		25,900
Salaries and Wages Payable		16,000


Other cash flow information:
Cash from issuing common stock	$	29,000
Cash paid to reacquire common stock		32,900
Cash paid for income taxes		11,800
Cash paid to purchase long-term assets		60,400
Cash paid to suppliers and employees		92,800
Cash received from customers		153,000

this is what I got on the balance sheet, please correct me if I'm wrong. and please answer the question from 1a to 2c thank you

OPENRESERVATION, INC.
Balance Sheet
For the Nine Months Ended September 30, 2013
Assets
Cash	$93,000
Accounts Receivable	30,800
Inventory	18,000
Prepaid Rent	7,800
Equipment	144,700

Total Assets	$294,300
Liabilities
Accounts Payable	$53,000
Salaries and Wages Payable	16,000
Notes Payable	30,900

Total Liabilities	99,900
Stockholders' Equity
Common Stock	149,000
Retained Earnings	10,300

Total Stockholders' Equity	159,300
Total Liabilities and Stockholders' Equity	$259,200