Question
These items are taken from the financial records of Westdale Burgers Inc. for fiscal 2020. Cash $8,200 Accounts receivable 7,500 Inventory 1,800 Equipment 28,000 Accumulated
These items are taken from the financial records of Westdale Burgers Inc. for fiscal 2020.
Cash | $8,200 |
Accounts receivable | 7,500 |
Inventory | 1,800 |
Equipment | 28,000 |
Accumulated depreciation | 8,600 |
Accounts payable | 12,000 |
Salaries payable | 3,000 |
Common shares | 20,000 |
Ending Retained earnings | 1,900 |
Dividends | 7,200 |
Service revenue | 42,000 |
Repair expense | 3,200 |
Depreciation expense | 2,800 |
Insurance expense | 1,200 |
Salaries expense | 36,000 |
Utilities expense | 3,700 |
Calculate the value of Current Assets?
Calculate the value of Long Term Assets?
Calculate the value of Total Liabilities?
Calculate the value of Total Shareholders Equity?
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
10th edition
978-1-119-3061, 1119306167, 978-1119444367
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