Question
These financial statement items are for Snyder Corporation at year-end, July 31, 2017. Salaries payable $2,580 Salaries expense 48,700 Utilities expense 22,600 Equipment 21,000 Accounts
These financial statement items are for Snyder Corporation at year-end, July 31, 2017.
Salaries payable | $2,580 | |
Salaries expense | 48,700 | |
Utilities expense | 22,600 | |
Equipment | 21,000 | |
Accounts payable | 4,100 | |
Commission revenue | 61,100 | |
Rent revenue | 8,500 | |
Long-term note payable | 1,800 | |
Common stock | 16,000 | |
Cash | 24,200 | |
Accounts receivable | 9,780 | |
Accumulated depreciation | 6,000 | |
Dividends | 5,000 | |
Depreciation expense | 4,000 | |
Retained earnings (beginning of the year) | 35,200 |
Instructions
Fill in the appropriate amounts to the questions in the answer box below. BE SURE TO SHOW YOUR CALCULATIONS otherwise there is no way to give you partial credit. BE SURE to label each of your answers so I can tell which part you are answering.
a. Total current assets
b. Total Property Plant and Equipment
c, Total Assets
d. Total Current Liabilities
e. Total Long Term Liabilities
f. Total Liabilities
g. Ending Retained Earnings
h. Total Stockholders Equity
i. Total Revenues
j. Total Expenses
k. Net Income
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