Question
Use the following information for the next 3 questions Below are some of the account balances for Broadway Pizza at December 31st, Year 1 (all
Use the following information for the next 3 questions Below are some of the account balances for Broadway Pizza at December 31st, Year 1 (all accounts have their normal debit or credit balances-for example, Cash has a debit balance): Accounts receivable Account Accumulated depreciation Allowance for doubtful (uncollectible) accounts Bond payable Cash Common stock Depreciation expense Dividends Equipment Goodwill Loss on sale of equipment Operating expenses Sales revenue Unearned revenue Warranty claims payable Balance $472 506 $21 $352 $208 $773 $277 $52 $501 $179 $43 $295 $856 $25 $14 1. Based on the information provided, what is the amount of Net Income to be reported for the year ended 120 $219 $265 $240 $180 $419 2. Based on the information provided, what is the amount of Total Assets to be reported on 12/31 $1,234 > HAPPY BIRTHDAY TO THE ONLY PERSON I WANT TO HAVE A DOG WITH. 2. Based on the information provided, what is the amount of Total Assets to be reported on 12/31/Year 1? $1,234 $1,213 $1,465 $1,255 $1,034 3. Based on the information provided, what is the amount of Total Liabilities to be reported on 12/31/Year 1? $391 $412 $486 $366. $464
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