Following balances are given in the books of Granular Inc., Calculate the amount of common stock....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Following balances are given in the books of Granular Inc., Calculate the amount of common stock. Cash $4,700 Account receivables $1,800 Land $8,300 Common Stock Retained earnings (Opening) Revenues Expenses 2 $3,000 $9,800 $7,400 Following balances are given in the books of Granular Inc., Calculate the amount of common stock. Cash $4,700 Account receivables $1,800 Land $8,300 Common Stock Retained earnings (Opening) Revenues Expenses 2 $3,000 $9,800 $7,400
Expert Answer:
Answer rating: 100% (QA)
To calculate the amount of Common Stock we need to use the accounting equation Assets Liabilities Eq... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Assume the variables str1, str2, and str3 have each been assigned a string. Write a statement that uses the print function and an F-string to display the value of str1, immediately followed by the...
-
These balances and totals appeared in the books of Peters Parlour as at 28 February 20x6: Additional information: 1. The bookkeeper had made these errors: Omitted a debit of R500 in determining the...
-
You are a sales manager for your firm and you have been requested to use linear regression to project sales for next year. a. Develop the linear model and report out the regression equation. b....
-
A car has a sticker price of $69,000. The car has a 100 hp engine and can accelerate from 0 to 60 mph in 15.8 seconds. The lease rate is 4.6%. The term of the lease is three years. The buyout is...
-
A real estate professional is preparing a depreciation schedule to complete his tax return. He owns a residential property that he rents. The list of depreciable assets is shown below. Requirements:...
-
Why is the government sometimes a part of the problem of coordination failure rather than the solution? Does this make the problem hopeless? What could be done in this case?
-
1. CPA QUESTION When a common stock offering requires registration under the Securities Act of 1933: (a) The registration statement is automatically effective when filed with the SEC. (b) The issuer...
-
Veldre Company provides the following information about its defined benefit pension plan for the year 2012. Service cost $ 90,000 Contribution to the plan .. 105,000 Prior service cost amortization...
-
Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for use in North Sea oil fields. The company uses a job-order costing system that applies...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Assume that the composition of federal outlays and receipts shown in the figure remained the same in 2019. In the figure, the categories "Defense and homeland security" and "Non-defense...
-
Given the employee class (below), create 7-8 employee objects and store in ArrayList. The answer the following queries: class Employee String firstName; String lastName; int age; public String...
-
An auto shop uses a mechanical lift to raise cars to work on them. i. The lift raises a car to a height of 1.8 m using a force of 5500 N. How much work does the lift perform? ii. The lift does 3000 J...
-
Write a Python program that prints your name, CS classes taken (or other relevant experience), and the date on separate lines. Use one variable each for the month, day, and year (3 total). Make sure...
-
A block slides (without friction) on a table towards an ideal spring. The initial speed of the block is 2 m/s, and its mass is 4 kg. When it hits the spring, the spring is compressed a distance 0.05...
-
Evaluate the following expression. a) 010111 b) 100110 c) 011001 d) 110111 (101011110001) 010011
-
You are hired as a production manager within a small manufacturing firm that produces wood furniture for homes. You ask the company owner who is the CEO what the environmental management plan is . He...
-
1. What is the semi-annually compounded interest rate if $200 accumulates to $318.77 in eight years? Answer in percentage with two decimal places. 2. What is the quarterly compounded interest rate if...
-
Look at each of the following employees of Amandas Restaurant. Which of the elements of the fraud triangle apply? Perceived pressure (P) Perceived opportunity (O) Rationalization (R) _____ 1. As the...
-
The balance sheet data for Sams Office Supplies, Co., at October 31, 2012, and November 30, 2012, follow: Requirement 1. The following are three independent assumptions about the business during...
-
To help familiarize you with the financial reporting of a real company in order to further your understanding of the chapter material you are learning. Although we do not have access to the journals...
-
Question: Keith is driving while intoxicated. He swerves into the wrong lane and causes an accident, seriously injuring Caroline. Which statement is true? (a) Caroline could sue Keith, who might be...
-
Question: A supervisor reprimanded an employee for eating in a restaurant when he should have been at work. Later, the employee showed up at the supervisor's office and shot him. Although the...
-
Question: Marko owned a cat and allowed it to roam freely outside. In the three years he had owned the pet, the animal had never bitten anyone. The cat entered Romi's garage. When Romi attempted to...
Study smarter with the SolutionInn App