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Jones Company had the following adjusted account balances as of December 31, 2013. These accounts are presented in random order. At the beginning of the
Jones Company had the following adjusted account balances as of December 31, 2013. These accounts are presented in random order. At the beginning of the year, Jones Capital balance was $81,000. (16.5 points)
DR | CR | |
Equipment | 26,000 | |
Accounts Payable | 31,600 | |
Revenue | 110,000 | |
Cash | 42,500 | |
Accumulated Depreciation | 12,000 | |
Long term notes payable | 22,000 | |
Accounts Receivable | 31,800 | |
Land | 48,000 | |
Wage Expense | 42,000 | |
Depreciation Expense | 6,000 | |
Wages Payable | 6,200 | |
Withdrawals | 48,300 | |
Advertising Expense | 18,200 |
Compute net income for the year
Determine Jones Capital balance as of December 31, 2013
What is the total of current assets as of December 31, 2013
What is the total of plant assets as of December 31, 2013
What is the total of current liabilities as of December 31, 2013
Calculate the current ratio as of December 31 2013
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