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Question 1 (0.5 points) Catrina Corporation took out a new insurance policy on their recently built offices. The policy cost $130,000 and covered 24 months,
Question 1 (0.5 points) Catrina Corporation took out a new insurance policy on their recently built offices. The policy cost $130,000 and covered 24 months, from Aug 1, 20x1 to the end of Jul 20X3. When Catrina prepares its balance sheet at year-end 20X1, what amount will be shown as prepaid insurance? Enter your response as a whole number, no commas, no dollar signs. Your Answer: Answer Question 2 (0.5 points) Bennett Inc. has the following balances in their accounts at year end. What is their total liabilities? Accounts Payable Accounts Receivable Retained Earnings Utilities Expense Sales Revenue Buildings Common Stock Cash #2 Question 9 (0.5 points) Bennett Inc. has the following balances in their accounts at year end. What is their total assets? Accounts Payable $ 20,280 Accounts Receivable $ 20,700 Retained Earnings $ 40,000 Utilities Expense $ 12,500 Sales Revenue $ 250,000 Buildings $ 150,000 Common Stock (contributed capital) $ 200,000 Cash $ 40,000 Equipment $ 84,500 Income taxes payable $ 7,500 Travel expense $ 2,200 Land $ 60,000 Rent Expense $ 170,000
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