Question
These financial statement items are for Snyder Corporation at year-end, July 31, 2017. Salaries payable$2,580 Salaries expense48,700 Utilities expense22,600 Equipment21,000 Accounts payable4,100 Commission revenue61,100 Rent
These financial statement items are for Snyder Corporation at year-end, July 31, 2017.
Salaries payable$2,580
Salaries expense48,700
Utilities expense22,600
Equipment21,000
Accounts payable4,100
Commission revenue61,100
Rent revenue8,500
Long-term note payable1,800
Common stock16,000
Cash24,200
Accounts receivable9,780
Accumulated depreciation6,000
Dividends5,000
Depreciation expense4,000
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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