Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Based on the information provided in the attached file, review the general budget statement. And based on the assets account, the liabilities account and the
Based on the information provided in the attached file, review the general budget statement. And based on the assets account, the liabilities account and the equity account, evaluate the performance of this company based on the existing statement of accounts and is it advisable to invest in this company? And why?
A B 88,013.44 88,013.44 0.00 0.00 88,013.44 83,824.00 assets circulated assets bank accounts current account Total bank accounts $ accounts receivable Accounts receivable - Total accounts receivable $ Total current property $ Fixed assets Company property Consumption The company's total assets $ transportation cars Consumption value of transport vehicles $ total fixed assets $ Other assets Donations Accumulated Depreciation - Total Donations $ Total Donations Building rent deposit Total other assets $ total assets $ -12,972.75 70,851.25 39,000.00 -7,083.33 31,916.67 102,767.92 56,176.00 -4,056.71 52,119.29 4,200.00 56,319.29 247,100.65 5,767.81 $ 6,752.02 12,519.83 12,519.83 $ Liabilities and Equity Liabilities current liabilities Payable accounts Accounts Payable Credit Card Payments Total accounts payable Total accounts payable Other current liabilities outstanding loan - van Payroll tax payable Total other current liabilities Total current liabilities total liabilities stock Equity value at opening Retained earnings net income Total Equity Total Liabilities and Equity $ 0.00 2,690.71 2,690.71 15,210.54 15,210.54 $ 100,766.44 10,782.09 120,341.58 231,890.11 $ $ 247,100.65
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