Neosho River Resort, Inc Trial Balance Month Ended August 31, 2015 Account Name Debit Credit 14,840 8.780 20,900 Cash Accounts Receivable Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Common Stock Retained Earnings Dividends Commission Revenue Rent Revenue 7.400 4.220 1,800 45.200 -0. 16,000 70,000 6,500 Depreciation Expense Salaries Expense Utilities Expense 4,000 55,700 14,900 135.120 135,120 X Quiz: Module 24: SLO Assessmer X + Connect - Class: ACC 211 Wild, X cs.edu/courses/286815/quizzes/2410810/take Google CENEGAGE ACCOUNTING D Question 2 Neosho River Resort's total assets are: $14,840 $44.520 O $37.120 O $135,120 Question 3 Neosho River Resort's total liabilities are: O $4220 O $6,020 O $13,420 O $76,020 Question 4 earch OBI g cers Quiz: Module 24: SLO Assessme: X + Connect - Class: ACC 211 Wild, X .vcc.edu/courses/286815/quizzes/2410810/take G Google CENEGAGE ACCOUNTING D Question 4 Neosho River Resort's net income is: O $135,120 O $70,000 O $76,500 O $1,900 Question 5 Neosho River Resort's total revenue is: O $76,500 O $70,000 O $1,900 O $44,520 D Question 6 o search ORE g e Question 6 Neosho River Resort's total expenses are: $70,600 O $74,600 $1,900 O $55,700 Question 7 Neosho River Resort's ending Stockholder's Equity is: $135,120 $47,100 $31,100 O $16,000 D Question 8 h I e Question 8 Neosho River Resort's total Liabilities and Stockholder's Equity is: O $53,120 $37,120 $31,100 O $6,020 Question 9 In preparing their financial statements, Neosho River Resort would prepare which statement first? O Balance Sheet Changes to Stockholder's Equity Income Statement Statement of Cash flows Question 10 In order to prepare the Statement of Retained Earnings Neosho River Resort must calculate: Total Asset Balance Total Liability Balance O Ending equity balance Net Income Question 11 Dividends would be: Added in the Statement of Retained Earnings Subtracted on the income statement Added on the income statement Subtracted in the Statement of Retained Earnings NA NAL datata CON Lact chart