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Some basic accounting questions, they are attached to the document. Company records show the following information after all transactions are recorded for 2015: Notes payable
Some basic accounting questions, they are attached to the document.
Company records show the following information after all transactions are recorded for 2015: Notes payable Service fees earned $ 25,000 130,000 Supplies inventory Cash $ 1 Supplies expense 10,000 Insurance expense 5,000 Salaries expense 1 Miscellaneous expense 1,200 Rent expense 1 Retained earnings, January 1 1 Common stock, January 1 20,000 Advertising expense Accounts payable 7,000 Accounts receivable Dividends paid 5,000 Equipment The complany raised $12,000 cash through the issuance of additional common stock during the year. Based on this information, calculate the following ending balances for the year ending December 31, 2015: Common stock Retained earnings Total equity You must show your calculations. Given the following account values, calculate the firm's current ratio: Cash $15,000; Short-term investments $2,000; Accounts receivable $34,000; Supplies $5,000; Long-term notes receivable $10,000; Equipment $70,000; Factory Building $150,000; Intangible assets $6,000; 2 Accounts payable $20,000; Accrued liabilities payable $2,000; Short-term notes payable $10,000; Long-term notes payable $150,000. You must show your calculation. You answer should be shown with two decimal places (ex: x.xx). Blaze Corporation has provided the following information: Cash sales totaled $200,000. Credit sales totaled $250,000. Cash collections from customers for services yet to be provided totaled $20,000. An $15,000 gain from the sale of property and equipment occurred. Interest income totaled $12,500. How much were Blaze's operating revenues? You must enter your answer in the following format: $xxx,xxx The Bronco Company has provided the following account balances: Cash $10,000; Short-term investments $15,000; Accounts receivable $25,000; Supplies $5,000; Long-term notes receivable $12,000; Equipment $60,000; Factory Building $150,000; Intangible assets $5,000; Accounts payable $60,000; Accrued liabilities payable $8,000; Short-term notes payable $11,000; Long-term notes payable $60,000; Common stock $100,000; Retained earnings $43,000. Requirement: Calculate Bronco's total current assets? You must show your calculationStep by Step Solution
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