Question
Talbridge Ltd. had the following account balances at December 31, 2021: Account Name Amount Repairs expense $1,125 Wages expense 21,350 Prepaid expenses 1,400 Dividends 3,500
Talbridge Ltd. had the following account balances at December 31, 2021:
Account Name | Amount |
Repairs expense | $1,125 |
Wages expense | 21,350 |
Prepaid expenses | 1,400 |
Dividends | 3,500 |
Purchase of intangibles | 1,360 |
Cash (end of year) | 36,385 |
Deferred revenue | 1,500 |
Owners' capital | 12,000 |
Accounts payable | 12,810 |
Prepaid insurance | 900 |
Collections from customers | 28,350 |
Rent expense | 2,100 |
Contributions by owners | 2,500 |
Accounts receivable | 17,155 |
Cash (beginning of year) | 16,890 |
Retained earnings (beginning of year) | 8,575 |
Interest expense | 900 |
Business licence | 60 |
Payment of dividends | 3,500 |
Website design | 1,300 |
Service revenue | 47,560 |
Cash received from debt | 12,500 |
Income tax expense | 4,450 |
Office supplies | 2,550 |
Office supplies expense | 1,845 |
Payments to suppliers | 18,995 |
Bank loan payable, due in 2025 | 12,500 |
Website expense | 500 |
Income tax payable | 575 |
what is total current assets on this company's balance sheet?
what is total assets on this company's balance sheet?
what is the total current liabilities on this company's balance sheet?
what is total liabilities on this company's balance sheet?
what is total equity on this company's balance sheet?
what is total cash flow from investing activities on this company's statement of cash flows?
what is total cash flow from operating activities on this company's statement of cash flows?
What is total cash flow from financing activities on this company's statement of cash flows?
What is the net change in cash on this company's statement of cash flows?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started