Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cash 11.00 B ASSETS Cash Account Inventories Acum depreciation - . to the ne Accounts receivable Inventories $14,000 $19,000 Balai Fixed assets $16,000 Notes payable

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Cash 11.00 B ASSETS Cash Account Inventories Acum depreciation - . to the ne Accounts receivable Inventories $14,000 $19,000 Balai Fixed assets $16,000 Notes payable $28,000 Accounts payable $48,000 Long-term debt $368,000 OWNERS' EQUITY $142,000 Retained earnings $82,000 Common stock $190.000 Accumulated depreciation (-) Intangible assets $ $130,000 $ ASSETS $ Cash Accounts receivable $12,000 $24.000 $44 Partial Balance Sheet 12/31/2017 LIABILITIES $26,000 Notes payable $19,000 Accounts payable $53,000 Long-term. debt $448,000 OWNERS' EQUITY Retained earnings $82,000 Common stock $ $162,000 $ Inventories Fixed assets Accumulated depreciation (-) Intangible assets $180,000 W Print Done men click CH Clear A Fixeurasses Accumulated depreciation (-) Intangible assets 47,000 $130,000 $142,000 Retained earnings $82,000 Common stock TOTAL LIABILITIES AND 400,000 OWNERS' EQUITY TOTAL ASSETS $ 400,000 Complete the balance sheet for 2017: (Round to the nearest dollar.) Balance Sheet 12/31/2017 ASSETS LIABILITIES Current assets Cash Accounts receivable $12,000 $24,000 Inventories $ Total current assets $ Current liabilities $26,000 Notes payable $19,000 Accounts payable $53,000 Total current liabilities Long-term debt $448,000 OWNERS' EQUITY Retained earnings $82,000 Common stock TOTAL LIABILITIES AND $162,000 Fixed assets Accumulated depreciation (-) Intangible assets $ $180,000 TOTAL ASSETS $ OWNERS' EQUITY $ Enter any number in the edit fields and then click Check Answer. All parts showing Clear All Homework: Assignment 1 Boy 25 of 1 pt 25 of 30 20 come %b2-8 (book/static) Balance sheet. Use the data from the following franciers in the pope window Complete the balance sheet Complete the balance sheet for 2016: Round to the nearest dolar) Balance Shee12/31/2016 ASSETS LIABILITIES Currentes Current Cash $15.000 payable $14000 Accounts receive $28,000 Accounts payable $19.000 $48.000 Total current la 5 33.000 Total current 12,000 Longtermelt 310000 $36.000 OWNERS' EQUITY $143.000 de . 47.000 2.000 Common $130 000 TOTAL LIABILITIES AND TOTAL ASSETS 400,000 OWNERS EQUITY 400.000 Complete the balance sheet for 2017 Pound to the nearest do Partial Income Statement Year Ending 2017 350.000 Cost of goods sold $140.000 $43.000 28.000 Depreciation 546.000 ASSETS Parte Balance Sheet 12012018 LIABILITIES $16.000 525.000 Account $4,000 Longlomer DO OWNERS' EQUITY $147.00 12 000 14000 $18.000 $10.000 come depreciation 0.00 LIABILITIES Curres Current ASSETS 12.00 5400 . 000 LITES 120.000 318.000 eura 53.00 Largemalt 34000 OWNERS' EQUITY 12.000 240.000 $10.000 Acope 363.00 Total currentes 9. Long-term 400 OWNERS' EQUITY Retained came 582000 Commons TOTAL LIABILITIES AND OWNERS BOUNTY 5 3 Acum deprecation 120.000 182,000 Common och TOTAL ASSETS Done Enter y numbers and then click Check Answer All parts showing Cler

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

3 1/2 IRS Audit Red Flags That Trigger 99% Of All IRS Audits Tax Houdini How To Cut Taxes Without Provoking An Audit

Authors: Dean Q Wynn, Sam L Milledge, Altaf Adam, Samuell L Milledge II, Eric T McFerren

1st Edition

1985081199, 978-1985081192

More Books

Students also viewed these Accounting questions

Question

What is a green SCM?

Answered: 1 week ago

Question

1. Describe the power of nonverbal communication

Answered: 1 week ago