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Urgent need the answers quick question please :) Here are accounts from the statement of financial position and Income statement for the date December 31,
Urgent need the answers quick question please :)
Here are accounts from the statement of financial position and Income statement for the date December 31, 2020 for Roy's Inc. All the amounts listed report normal balance. Account Balance $4,360 Accounts payable Accounts receivable Advertising expense Bank loan payable Building (net value) $200 $3,200 $8,000 Cash Common shares Cost of goods sold Depreciation expense, Building Income tax payable Interest expense Inventory Land Prepaid rent Rent expense $ 26,100 $ 34,000 $ 16,000 $ 92,000 $ 4,400 To determine $ 600 $ 10,800 $ 16,000 $ 9,200 $1,000 Retained earnings (opening balance January 1, 2020) $ 46,020 $ 168,000 $ 400 Sales revenue Supplies Supplies expense Unearned revenue $ 200 $ 2,400 Wages expense $ 18,000 1) ii) what is the total current asset? What is the total non current asset (Use the net book value at it appears in the table given. Depreciation expense of $4400 has been included in the accumulated depreciation) What are total current liabilities? iii) iv) What are total non current liabilities? v) Income tax payable (considering a 30% tax rate) The board of directors declared dividends of $28,680, indicate retained earnings vi) ending balance vii) Indicate Total Shareholders' equity
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