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solve no. 10 , 11. , and 12 BE4-10 The statement of financial position debit column of the worksheet for Alvin Com- pany, Ltd. includes
solve no. 10 , 11. , and 12
BE4-10 The statement of financial position debit column of the worksheet for Alvin Com- pany, Ltd. includes the following accounts: Accounts Receivable 12,500; Prepaid Insur- ance 3,600; Cash 6,700; Supplies 5,200; and Short-Term Investments 4,900. Prepare the current assets section of the statement of financial position, listing the accounts in proper sequence. BE4-11 The following are the major statement of financial position classifications: Intangible assets (IA) Equity (E) Property, plant, and equipment (PPE) Non-current liabilities (NCL) Long-term investments (LTI) Current liabilities (CL) Current assets (CA) Match each of the following accounts to its proper statement of financial position classi- fication. Accounts payable Income taxes payable Accounts receivable Debt investment (long-term) Accumulated depreciation-buildings Land Buildings Inventory Cash Patents Copyrights Supplies *BE4-12 At October 31, Prasad Company Ltd. made an accrued expense adjusting entry of 1,680 for salaries. Prepare the reversing entry on November 1, and indicate the balances in Salaries and Wages Payable and Salaries and Wages Expense after posting the reversing entry Step by Step Solution
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