FINAL EXAMINATION-ABC 103 Solve the following and enter your answers on the space provided. Use proper comma and decimal points. Example: 10,000.10 or 10,000
FINAL EXAMINATION-ABC 103 Solve the following and enter your answers on the space provided. Use proper comma and decimal points. Example: 10,000.10 or 10,000 How much is the total revenues of Dean? 2 points Dean Schneider is a lawyer specializing in corporate law. Provided below is a trial balance taken on December 31, 2019: Dean Schneider Legal Services Unadjusted Trial Balance December 31, 2019 Cash Office Supplies Prepaid Insurance Debit P 75,000.50 Credit Office Equipment 3,000.00 11,000.23 150,000.00 Accumulated Depreciation-OE P 28,000.00 Computer Equipment 60,000.00 Accumulated Depreciation-CE Notes Payable 9,166.67 50,000.50 Accounts Payable 5,000.50 Edu, Capital 114,000.00 Edu, Drawings 35,000.00 Consulting Revenues 390,001.50 Rent Expense 50,000.00 Salaries Expense 120,000.50 Telephone Expense 10,000.25 Utilities Expense 39,000.50 Supplies Expense 5,000.50 Insurance Expense Depreciation Expense-OE Depreciation Expense-CE TOTAL Your answer 1,000.02 28,000.00 9,166.67 P596,169.17 P596,169.17 Supplies Expense Insurance Expense Depreciation Expense-OE 1,000.02 28.000.00 Depreciation Expense-CE TOTAL 9,166.67 P596,169.17 P596,169.17 Your answer Using the information above, how 2 points much is the total expenses? * Your answer Using the information above, how 2 points much is the total net profit (loss)? Your answer Using the information above, how 2 points much is the beginning capital of Dean? Your answer Using the information above, how 2 points much is the ending capital of Dean? * Your answer Using the information above, how 2 points much is the current assets? * Your answer Using the information above, how 2 points much is the noncurrent assets? * Your answer Using the information above, how 2 points much is the total assets? * Your answer 1.58 Using the information above, if the notes are payable within 8 months, how much is the current liabilities? * Your answer Using the information above, if the notes are payable within 8 months, how much is the noncurrent liabilities? * Your answer 2 points 2 points Using the information above, how 2 points much is the total liabilities and owner's equity? * Your answer 1:58 71% Using the information above, how 2 points much is the total liabilities and owner's equity? * Your answer Using the information above, how 2 points much is the total debit in the Post Closing Trial Balance? Your answer Using the information above, how 2 points much is the total credit in the Post Closing Trial Balance? Your answer Page 2 of 3 Back Next Clear form
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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