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The calesnder year-end ending balances for bing Co. follows. Create a Classified Balance Sheet and use that to answer the questions below. Accounts Payable 5,800
The calesnder year-end ending balances for bing Co. follows. Create a Classified Balance Sheet and use that to answer the questions below.
Accounts Payable | 5,800 |
Accounts receivable | 7,000 |
Accumulated depreciation-Building | 45,200 |
Allowance for Bad Debt | 2,000 |
Building | 358,000 |
Cash | 99,000 |
Current Portion of Note | 2,000 |
Common Stock | 50,000 |
Depreciation expense-Building | 7,800 |
Dividends | 202,500 |
Land | 700,000 |
Long-term note payable | 50,000 |
Office supplies | 3,300 |
Prepaid rent | 15,000 |
Salaries Payable | 13,500 |
Rent Exoense | 10,200 |
Retained ernings (ending) | 1,011,300 |
Salaries expense | 90,000 |
Service Revenue | 370,800 |
Unearned revenue | 2,500 |
1. What is the Total Current Assets?
2. What is the Total Plant Assets?
3.What is the Book Value of the building?
4.What is the Total current Liabiities?
5. What is the Total Equity?
6. What is the Total Liabilities and Equity?
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