Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What is the Total Shareholder's Equity with the year ending December 31, 2019? Cash $ 10,000 Acount receivable $ 9,000 Supplies $ 6,000 Equipment $
What is the Total Shareholder's Equity with the year ending December 31, 2019?
Cash | $ 10,000 |
Acount receivable | $ 9,000 |
Supplies | $ 6,000 |
Equipment | $ 5,000 |
Account payable | $ 11,000 |
A.Armani, Capital, Dec 31, 2018 | $ 16,000 |
A.Armani, Capital, Dec 31, 2019 | $ 19,000 |
A.Armani, Withdrawals | $ 13,000 |
Consulting revenue | $ 33,000 |
Rental revenue | $ 22,000 |
Salaries Expense | $ 20,000 |
Rent Expense | $ 12,000 |
Selling and administrative expenses | $ 8,000 |
Group of answer choices
--$ 16,000
--$ 27,500
--$ 30,000
--$ 19,000
What are the total liabilities?
Cash | $ 10,000 |
Acount receivable | $ 9,000 |
Supplies | $ 6,000 |
Equipment | $ 5,000 |
Account payable | $ 11,000 |
A.Armani, Capital, Dec 31, 2018 | $ 16,000 |
A.Armani, Capital, Dec 31, 2019 | $ 19,000 |
A.Armani, Withdrawals | $ 13,000 |
Consulting revenue | $ 33,000 |
Rental revenue | $ 22,000 |
Salaries Expense | $ 20,000 |
Rent Expense | $ 12,000 |
Selling and administrative expenses | $ 8,000 |
Group of answer choices
--$ 5,500
--$ 12,500
--$ 7,500
--$ 11,000
What is the net income?
Cash | $ 10,000 |
Acount receivable | $ 9,000 |
Supplies | $ 6,000 |
Equipment | $ 5,000 |
Account payable | $ 11,000 |
A.Armani, Capital, Dec 31, 2018 | $ 16,000 |
A.Armani, Capital, Dec 31, 2019 | $ 19,000 |
A.Armani, Withdrawals | $ 13,000 |
Consulting revenue | $ 33,000 |
Rental revenue | $ 22,000 |
Salaries Expense | $ 20,000 |
Rent Expense | $ 12,000 |
Selling and administrative expenses | $ 8,000 |
Group of answer choices
$ 15,000
$ 35,000
$ 17,500
$ 25,000
What is the Total Asset?
Cash | $ 10,000 |
Acount receivable | $ 9,000 |
Supplies | $ 6,000 |
Equipment | $ 5,000 |
Account payable | $ 11,000 |
A.Armani, Capital, Dec 31, 2018 | $ 16,000 |
A.Armani, Capital, Dec 31, 2019 | $ 19,000 |
A.Armani, Withdrawals | $ 13,000 |
Consulting revenue | $ 33,000 |
Rental revenue | $ 22,000 |
Salaries Expense | $ 20,000 |
Rent Expense | $ 12,000 |
Selling and administrative expenses | $ 8,000 |
Group of answer choices
$ 45,000
$ 30,000
$ 35,000
$ 25,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started