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Need help finding total current assets/total current liabilities/total current liabilities/total long-term liabilities for year ended 2016. YEAH! YEAH! Unadjusted Post Closing Trial Balance Adjusted Trial
Need help finding total current assets/total current liabilities/total current liabilities/total long-term liabilities for year ended 2016.
YEAH! YEAH! Unadjusted Post Closing Trial Balance Adjusted Trial Balance Balance 74,349 74,349 0 43,735 43,735 1,377 0 6,030 0 661 0 30,614 22,547 Income Statement Revenue (R) Cost Of Revenue (E) Depreciation Expense (E) Rent Expense (E) Interest Expense (L) Net Income 0 0 0 0 0 Balance Sheet Cash (A) Inventory (A) Prepaid Rent Expense (A) Property/Plant/Equipment (A) Accumulated Depreciation (XA) Total Assets Accounts Payable (L) Deferred Revenue (L) Interest Payable (L) Note Payable (L) Total Liabilities Common Stock (SE) Retained Earnings (SE) Total Equity Total Liabilities and Equity 483,653 20,581 12,060 15,145 0 531,439 64,316 40,156 483,653 20,581 6,030 15,145 -1,377 524,032 64,316 40,156 661 37,749 142,882 358,604 22,547 381,151 524,032 483,653 20,581 6,030 15,145 -1,377 524,032 64,316 40,156 661 37,749 142,882 358,604 22,547 381,151 524,032 0 37,749 142,221 358,604 30,614 389,218 531,439 YEAH! 74,349 40,156 -12,060 102,445 Statement of Cash flows Operating Activites Sells merchandise for cash Received cash from customer for services it will perform next year Pays Landlord for rent for the next year Cash from Operating Activities Investing Activities Purchases equipment with cash Cash from Investing Activities Financing Activities Issues common shares for cash Borrows from bank for 5 years. Interest rate is 3.5% and payable anually on July 1. Cash from Financing Activities Net Change in Cash -15,145 -15,145 358,604 37,749 396,353 483,653Step by Step Solution
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