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The following financial Information is from Bronco Company. All debt is due within one year unless stated otherwise. Retained Earnings Supplies Equipment Accounts Receivable Deferred
The following financial Information is from Bronco Company. All debt is due within one year unless stated otherwise. Retained Earnings Supplies Equipment Accounts Receivable Deferred Revenue Accounts Payable Common Stock Notes Payable (due in 18 months) Interest Payable Cash $66,300 37,100 73,400 8,800 5,600 13,500 23,600 29,000 5,000 23,700 What is the amount of current liabilities? Multiple Choice $24,100 $13,500 $18.500 $53.100 The balance in a company's Cash account on August 31 was $19,900 before the bank reconciliation was prepared. After examining the August bank statement and Items Included with it, the company's accountant found: Checks outstanding NSF check Note collected by bank for the Colt Company Deposits outstanding Bank service fees $3,500 180 1,300 3,000 210 What is the amount of cash that should be reported in the balance sheet as of August 31? Multiple Choice $20,810 O O $19,510 o $20.990. $19,400. Emmitt had the following final balances after the first year of operations: assets, $35,300; stockholders' equity, $13.400; dividends, $2,600; and net income, $10,700. What is the amount of Emmitt's liabilities? Multiple Choice U O $23.900 O $35,300 O $8.600 O O $21.900 Tyler Toys has beginning inventory for the year of $19,000. During the year, Tyler purchases Inventory for $231,000 and has cost of goods sold equal to $234,000. Tyler's ending inventory equals: Multiple Choice $16.000. $22.000. O O $19,300. O $19.000
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