Please use the following information to answer questions 4-5: Cash $10,000 Accounts Payable $7,000 Accounts Receivable $6,400 Mortgage Payable $65,000 Supplies $1,500 Long-term Debt $36,000 Building $150,000 Notes Payable $9,000 Equipment $80,000 Preferred Stock $32,000 Merchandise Inventory $18,000 Retained Earnings

98,037 results
  1. Accounting

    Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $4,375,000; Allowance for Doubtful Accounts has a debit balance of $21,300; and sales for the year total $102,480,000. Bad debt expense is estimated at 1/4 of 1%

  2. Accounting

    As of January 1 of the current year, the Grackle Company had accounts receivables of $50,000. The sales for January, February, and March were as follows: $120,000, $140,000 and $150,000. 20% of each month’s sales are for cash. Of the remaining 80% (the

  3. acc 100

    Metzger Company compiled the following financial information as of December 31, 2010: Revenues $140,000 Metzger, Capital (1/1/10) 70,000 Equipment 40,000 Expenses 125,000 Cash 35,000 Metzger, Drawings 10,000 Supplies 5,000 Accounts payable 20,000 Accounts

  4. accounting

    As of January 1 of the current year, the Grackle Company had accounts receivables of $50,000. The sales for January, February, and March of 2012 were as follows: $120,000, $140,000 and $150,000. 20% of each month’s sales are for cash. Of the remaining

  5. accounting

    Exercise 9-13: Accounts receivable turnover L.O. A1 The following information is from the annual financial statements of Lucilla Company. 2009 2008 2007 Net Sales $ 262,000 $ 193,000 $ 245,000 Accounts Receivable, net (year-end) 42,700 40,500 37,200

  6. FINANCE

    Below is a list of account balances for Currie Hospital as of December 31, 2013. Prepare a balance sheet as of December 31, 2013, in proper form. (Hint: You will need to compute the net assets account. Assume that all net assets at the beginning of the

  7. accounting 100

    The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2014: Accounts payable $ 18,000 Accounts receivable 11,000 Accumulated depreciation – equipment 28,000 Advertising expense 21,000 Cash

  8. Accounting

    O' Hara Company began operations on December 1, 2011. Presented below is selected information related to O' Hara Company at December 31, 2011. Office Equipment ₤ 40,000; Utilities Expense ₤ 6,000; Cash 14,000; Accounts Receivable 27,000; Service

  9. accounting

    Jack Shellenkamp owns and manages a computer repair service, which had the following trial balance on December 31, 2011 (the end of its fiscal year). BYTE REPAIR SERVICE Trial Balance December 31, 2010 Cash $8,000 Accounts Receivable 15,000 Parts Inventory

  10. ACC

    Smithson Corporation had a 1/1/10 balance in the Allowance for Doubtful Accounts of $10,000. During 2010, it wrote off $7,200 of accounts and collected $2,100 on accounts previously written off. The balance in Accounts Receivable was $200,000 at 1/1 and

  11. Accounting

    Attached is the actual Financial Statements, Cash Flow, and Taxes associated with the assignment questions below. 2007 & 2008 statements below. We are working on a comprehensive/spreadsheet problem (financial statements, cash flow and taxes). A balance

  12. Accounting

    Please use the following information to answer questions 4-5: Cash $10,000 Accounts Payable $7,000 Accounts Receivable $6,400 Mortgage Payable $65,000 Supplies $1,500 Long-term Debt $36,000 Building $150,000 Notes Payable $9,000 Equipment $80,000 Preferred

  13. acc 121

    Bob is investing in a partnership with Andy. Bob contributes as part of his initial investment, Accounts Receivable of $80,000; an Allowance for Doubtful Accounts of $12,000; and $8,000 cash. The entry that the partnership makes to record Bob's initial

  14. financial accounting

    Zumbrunn Company’s income statement contained the condensed information below. ZUMBRUNN COMPANY Income Statement For the Year Ended December 31, 2015 Service revenue $969,400 Operating expenses, excluding depreciation $624,480 Depreciation expense 59,260

  15. Finance

    Use your knowledge of balance sheets and common-size statements to fill in the missing dollar amounts: ASSETS Cash $25,000 3.4% Accounts receivable $125,000 _____ Inventory _______ 27.1% Total current assets $350,000 ______ Gross plant and equipment

  16. college Accouting

    Bennis Company has the following comparative balance sheet data. BENNIS COMPANY Balance Sheets December 31 2011 2010 Cash $ 15,000 $ 30,000 Receivables (net) 70,000 60,000 Inventories 60,000 50,000 Plant assets (net) 200,000 180,000 $345,000 $320,000

  17. Trial Balance

    Given the following balances, the total debits in the trial balance would equal: Equipment $ 37,000 Accounts Payable 2,000 Sales 49,000 Accumulated Depreciation 4,000 Accounts Receivable 7,000 Retained Earnings 16,000 Salary Expense 6,000 Cash 8,000 Share

  18. accounting

    Use the following adjusted trial balance of Webb Trucking Company to prepare a classified balance sheet as of December 31, 2005. Account Title Debit Credit Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,000 Accounts receivable . . . .

  19. accounting

    O' Hara Company began operations on December 1, 2011. Presented below is selected information related to O' Hara Company at December 31, 2011. Office Equipment ₤ 40,000 Utilities Expense ₤ 6,000 Cash 14,000 Accounts Receivable 27,000 Service Revenue

  20. accounting

    On April 25, 2010, Bullseye Company purchased all of the outstanding common stock of Vista Company, paying $14,000,000. The book values and fair values of Vista's assets and liabilities acquired are shown below in dollar amounts: Accounts Book Value Fair

  21. Accounting

    The following information was made available from the income statement and balance sheet of Lauren Company. Item 12/31/10 12/31/09 Accounts Receivable $53,400 58,600 Accounts Payable 35,600 32,700 Merchandise Inventory 85,000 79,000 Sales (2010) 243,000

  22. Accounting Question

    Below are two questions from my accounting class. I am not sure how to approach this kind of problem. Any help or suggestions would be greatly appreciated. Thanks in advance! ------------------------------ The following trial balance of Trane Corp. at

  23. Accounting

    Cash $10,000 Accounts Payable $7,000 Accounts Receivable $6,400 Mortgage Payable $65,000 Supplies $1,500 Long-term Debt $36,000 Building $150,000 Notes Payable $9,000 Equipment $80,000 Preferred Stock $32,000 Merchandise Inventory $18,000 Retained Earnings

  24. Balance Sheet

    Use the following information to complete the balance sheet (1) The company was organized on January 1, 2005, and has operated for the full year 2005. (2) Earnings have amounted to $275,000, and dividends of $70,000 have been paid to stockholders. (3) Cash

  25. Accounting

    Cash $10,000 Accounts Payable $7,000 Accounts Receivable $6,400 Mortgage Payable $65,000 Supplies $1,500 Long-term Debt $36,000 Building $150,000 Notes Payable $9,000 Equipment $80,000 Preferred Stock $32,000 Merchandise Inventory $18,000 Retained Earnings

  26. financial management

    Using the following information, prepare a balance sheet for Midsize Corporation: Total Current Assets $11,800,000 Gross Fixed Assets $15,000,000 Cash ? Stockholders' Equity $6,450,000 Inventory $5,800,000 Accrued Expenses $600,000 Accounts payable

  27. accounting

    Maria Gonzalez opened a veterinary business in Nashville, Tennessee, on August 1. On August 31, the balance sheet showed Cash $9,000, Accounts Receivable $1,700, Supplies $600, Office Equipment $6,000, Accounts Payable $3,600, and M. Gonzalez, Capital

  28. Accounts

    The following transactions occurred during June for Campus Cycle Shop. Record the transactions below in the T accounts. Place the letter of the transaction next to the entry. Foot and calculate the ending balances of the T accounts where appropriate. a.

  29. Accounting

    I need to enter the following into Journal Enteries a) Borrowed $12,000 cash on a short-term note payable dates march 1, 2011 b) Purchased land for future buildings site, paid cash, $9,000. c) Earned $160,000 in Service Revenue for 2011, including 40,000

  30. accounting

    Assets Cash (Net Effect) $35,000 20,000 +15,000 A/R 33,000 14,000 +19,000 Merchandise Inventory 27,000 20,000 +7,000 PPE 60,000 78,000 -18,000 Accumulated Depreciation (29,000) (24,000) ? Liabilities and Stockholder’s Equity Accounts payable 29,000

  31. Accounting

    Could someone please look this over and tell me if I have this correct? I am not confident in the Trial Balance. May 1 Cash 101 25,000 Common Stock 311 25,000 3 Supplies 126 2,500 Accounts Payable 201 2,500 7 Rent Expense 729 900 Cash 101 900 11 Accounts

  32. Accounting

    Could someone please look this over and tell me if I have this correct? I am not confident in the Trial Balance. May 1 Cash 101 25,000 Common Stock 311 25,000 3 Supplies 126 2,500 Accounts Payable 201 2,500 7 Rent Expense 729 900 Cash 101 900 11 Accounts

  33. Accounting

    Complete an Income Statement, Statement of Owner's Equity, and Balance Sheet using the information provided below for Rya’s Planning Services. Cash… …… ……… … … … ………$21,500 Accounts Receivable………17,500 Office Supplies……

  34. Finance

    . Pretty Lady Cosmetic Products has an average production process time of forty days. Finished goods are kept on hand for an average of fifteen days before they are sold. Accounts receivable are outstanding an average of 35 days, and the firm receives

  35. Advanced Accounting

    Final Exam ACC440 Problem 1 On January 1, 20X1, Popular Creek Corporation organized RoadTime Company as a subsidiary in Switzerland with an initial investment cost of Swiss francs (SFr) 60,000. RoadTime’s December 31, 20X1, trial balance in SFr is as

  36. Accounting

    Statement of Owner's Equity I've tried to get it to balnce with the amount of on my balance sheet of $54,500.00 but can not can you help Cash… …… ……… … … … ………$21,500 Accounts Receivable………17,500 Office Supplies…… …

  37. Accounting

    Buying a Coffee Company Buying a Coffee Company --- 10809 Q ACC Buying a Coffee Company Perking up Profits at Better Brew and Perfect Blend After years of dreaming about owning your own business, you decided that owning a coffee shop would be perfect.

  38. Accounting

    Help with Crosby Corporation? Can you please help me. I am completly stuck. Prepare a statement of cash flows for the Crosby Corporation. Follow the general procedures indicated in Table 2–10 on page 38 . Statement of cash flows (L04) Current Assets

  39. accounting

    Worksheet data for Goode Company are presented in E4-2. Instructions (a) Journalize the closing entries at April 30. (b) Post the closing entries to Income Summary and Retained Earnings. Use T accounts. (c) Prepare a post-closing trial balance at April 30.

  40. Accounting

    Worksheet data for Goode Company are presented in E4-2. Instructions (a) Journalize the closing entries at April 30. (b) Post the closing entries to Income Summary and Retained Earnings. Use T accounts. (c) Prepare a post-closing trial balance at April 30.

  41. Accaounting

    Laura’s investment in a new partnership includes $1,000 in cash and $5,000 of equipment. The new partnership is assuming $500 of Laura’s accounts payable. The partnership entry should be which of the following? A. Debit Laura’s Capital $5,500; debit

  42. Math

    Please use the following information to answer questions 4-5: Cash $10,000 Accounts Payable $7,000 Accounts Receivable $6,400 Mortgage Payable $65,000 Supplies $1,500 Long-term Debt $36,000 Building $150,000 Notes Payable $9,000 Equipment $80,000 Preferred

  43. bus math

    Solve the problem. Express answers as a percent rounded to the nearest tenth. 20) Complete a vertical analysis on the balance sheet for Jake's Janitorial Service for December 31 of last year. The company assets are cash $20,000, accounts receivable

  44. accounting

    Cash $40,000 Accounts receivable $120,000 Inventory $300,000 Prepaid rent $2,000 Accounts payable $150,000 Salaries payable $7,000 Long-term bonds payable $200,000 The selected accounts above are from TJ Supply’s balance sheet. What is TJ Supply’s

  45. Financial Accounting

    Use the following information to answer multiple-choice questions 5 and 6. At the end of the year, before any adjustments are made, the accounting records for Sutton Company show a balance of $100,000 in accounts receivable. The allowance for uncollectible

  46. Accounting

    The following are all of the accounts of Mean Green Company that have a balance at the end of August, the company's first month of operation: Accounts receivable $11,000 Cash $10,100 Equipment 39,700 Advertising expense 3,000 Service revenues earned 32,000

  47. finance

    As of December 31, 2008, Johnstown Company has $50,000 in accounts payable, $100,000 in promissory notes payable in 5 years, $100,000 in cash, $50,000 in accounts receivable and $50,000 in property, plant and equipment. The company’s net income was

  48. Accounting

    Sam's grocery store had the following at the end of 20X5: Cash $22,000 Accounts receivable 49,000 Accounts payable 17,000 Fees earned 61,000 Rent expense 12,000 Insurance expense 3,600 Salary expense 18,000 Supplies 15,000 Sam, capital 49,600 Sam,

  49. Finance

    Calculate the accounts receivable period, accounts payable period, inventory period, and cash conversion cycle for the following firm: Income statement data: Sales 5,000 Cost of goods sold 4,200 Balance Sheet Data: Beginning of Year End of Year Inventory

  50. Accounting

    O' Hara Company began operations on December 1, 2011. Presented below is selected information related to O' Hara Company at December 31, 2011. Office Equipment ₤ 40,000; Utilities Expense ₤ 6,000; Cash 14,000; Accounts Receivable 27,000; Service

  51. Financial Accounting

    Calculate accounts receivable turnover ratio. Calculate accounts receivable turnover ratio. Selected information from Mystic Corporation’s balance sheet at December 31, 2010 and income statement for the year ended December 31, 2010 is as follows: Cash

  52. accounting

    P9-4A (a-d) Wall Inc. uses the allowance method to estimate uncollectible accounts receivable. The company produced the following aging of the accounts receivable at year end. Number of Days Outstanding Total 0-30 31-60 61-90 91-120 Over 120 Accounts

  53. acounting 1

    how much is the total assets? cash in bank 25,000 accounts payable 10,000 acounts receivable 30,000 office equipment 50,000

  54. Accounting

    Use the following adjusted trial balance of Webb Trucking Company to prepare a classified balance sheet as of December 31, 2005.Account Title Debit Credit Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,000 Accounts receivable . . . .

  55. Accounting

    Aunt Rhea Corporation Income Statement For the Year Ended December 31, 2015 Service Revenue $ 900,000 Operating Expenses 700,000 Net Income before Income Tax $ 200,000 Gain on Investment Sale 10,000 Net income Before Income Taxes $ 210,000 Income Tax

  56. accounting

    40. The following items are taken from the financial statements of Pelatihan OSN Company for the year ending December 31, 2016: Accounts payable 18,000 Accounts receivable 11,000 Accumulated depreciation – equipment 28,000 Advertising expense 21,000 Cash

  57. Accounting Principles I

    I have been trying to figure this out forever and just can't. Here is the problem: Reported sales of $300,000 write-offs of uncollectible accounts of $10,000 against the allowance for doubtful accounts and a decrease in net accounts receivable of $40,000

  58. accounting

    Houser Appliances accounts for all sales of its merchandise on the installment basis. Following is the unadjusted trial balance at 12/31/12. Cash $45,000 Installment accounts receivable—2010 20,000 Installment accounts receivable—2011 50,000

  59. accounting 1

    how much is total liabilities? accounts recievable 20,000 accounts payable 30,000 taxes and licenses 40,000 uncollectible account 10,000 rent payable 8,000 utilities payable 5,000

  60. Introduction to Accounting

    The proprietors of two businesses, L.L. Sams Company and Melinda Garcia Career Services, have sought business loans from you. To decide whether to make the loans, you have requested their balance sheet to view. L.L. Sams Company Balance Sheet August 31,

  61. Account - Really need help!

    Oral Corporation's beginning accounts receivable were $200,000 and ending accounts receivable were $270,000. During the period $500,000 cash was collected from customer credit sales. Calculate the amount of Oral Corporation sales on account during the

  62. Account

    Oral Corporation's beginning accounts receivable were $200,000 and ending accounts receivable were $270,000. During the period $500,000 cash was collected from customer credit sales. Calculate the amount of Oral Corporation sales on account during the

  63. accounting

    Did I do any of this right and how do I figure Retain earnings (where does net income and dividends come from? Cash .05($1,150,000) = $57,500 Accounts Receivable .15($1,150,000) = $172,500 Inventory .25($1,150,000) = $287,500 Fixed Assets .40($1,150,000) =

  64. Accounting

    Use the following adjusted trial balance of Webb Trucking Company to prepare a classified balance sheet as of December 31, 2005. 4-4 Account Title Debit Credit Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,000 Accounts receivable . .

  65. Financial Accounting

    From the information that follows, prepare an income statement and balance sheet for ABC Management Consulting for presentation at the annual board of directors meeting. Use proper formatting of financial statements by reviewing the various illustrations

  66. Finance

    From the information that follows, prepare an income statement and balance sheet for ABC Management Consulting for presentation at the annual board of directors meeting. Use proper formatting of financial statements by reviewing the various illustrations

  67. Finance

    You have reviewed the books of Anderson Incorporated and learned the following: 1.) Quick Ratio is 1.4 2.) Current Ratio is 3.1 3.) Inventory Turn-Over is 4.9 times 4.) Current Assets are $820,000 5.) Cash and equivalents are $115,000 Using this

  68. Finance

    P2. Use your knowledge of balance sheets to fill in the missing amounts: Assets: CASH - $10,000 ACCOUNTS RECEIVABLE - $100,000 INVENTORY - $------ TOTAL CURRENT ASSETS – $220,000 GROSS PLANT AND EQUIPMENT – $500,000 LESS: ACCUMULATED DEPRECIATION -$

  69. Accounting Corporations

    Birch issued 200 shares of $12 par common stock in exchange for a piece of equipment with a current market value of $3,000.Whichof the following is not part of the journal entry for tis transaction? A.Debiting Equipment for $3,000 B.Crediting Common Stock

  70. Accounting

    On Dec 31, 2007, before adjusting entries, the blances of selected accounts for the company were as follows: Accounts receivable 840,000 Allowance for uncollectable accounts (debit balance) 2,000 dr. The company has determined that historically about 2.0

  71. Business Maths

    How do i calculate this problem. In 2007 the Pearl Boutique had net credit sales of $750,000. On January 1, 2007, Allowance for Doubtful Accounts had a credit balance of $16,000. During 2007, $30,000 of uncollectible accounts receivable were written off.

  72. accounting

    Anzlyzing financial statement effects of accounting for bad debits using the allownace method. Duffy Bros. uses the allowance method to account for bad debets expense. Duffy experienced the following four events in 2008: 1.Recognition of 64,000 of service

  73. Accounts

    Benson Company Trial balance June 30, 20xx. Particulars Debit Credit Cash $1,370 Accounts Payable $770 Office Equipment $900 Benson, Capital $1,500 Benson, Withdrawals $ 500 Accounts Receivable $1600 $1,600 Service Fees $2,730 Salaries Expense $630 $5,000

  74. accounting 2 urgent please help

    part 1 June 30, 2008/2007 Assets Cash- 34,700/23,500 accounts receivable- 101,600/92,300 inventory- 146,300/142,100 Investment-0/50,000 Land-145,000/0 equipment- 215,000/175,500 accumulated depreciation- (53,400)/ (41,300) 2008= 594,000 /2007=442,100

  75. accounting

    initial investment in the company of $26,200 cash. Here are the assets and liabilities for the month of June, its first month of operation. Cash $4,600.00 Accounts receivable $4,000.00 Revenue $7,000.00 Supplies $2,400.00 Advertising expense $400.00

  76. accounting 2

    June 30, 2008/2007 Assets Cash- 34,700/23,500 accounts receivable- 101,600/92,300 inventory- 146,300/142,100 Investment-0/50,000 Land-145,000/0 equipment- 215,000/175,500 accumulated depreciation- (53,400)/(41,300) 2008= 594,000 /2007=442,100 liabilities

  77. accounting

    Company reports net income of $ 530,000 for the year ended December 31, 2009. It also reports $ 95,400 depreciation expense and a $ 4,000 gain on the sale of machinery. Its comparative balance sheets reveal a $ 42,400 increase in accounts receivable,

  78. Accounting

    Flip Company's December 31, 2014 trial balance is as follows: Flip Corporation Trial Balance December 31, 2014 Account Debit Credit Cash $43,500 Accounts Receivable 54,500 Allowance for Doubtful Accounts 500 Notes Receivable 30,000 Merchandise Inventory

  79. accounting

    Indicate whether each of the followings accounts normally has a debit balance or a or a credit balance 1.Mary Amos,Capital 2.Cash 3.Fees income 4.Accounts Payable 5.Supplies 6.Salaries Expense 7.Accounts Receivable 8.Equipment

  80. accounting

    The following information was made available from the income statement and balance sheet of Lauren Company. Item 12/31/10 12/31/09 Accounts Receivable $53,400 58,600 Accounts Payable 35,600 32,700 Merchandise Inventory 85,000 79,000 Sales (2010) 243,000

  81. Accounting

    Prepare a trial balance from the following information for Learn a New Language, Inc. for December 31, 2012. Accounts payable $5,012 Common stock $9,692 Cash $3,928 Notes payable $1,439 Wages expense $777 Marketing expense $493 Equipment $8,345 Accounts

  82. accounting

    I was given gross accounts receivable $15,200,000 and $17,600,000 respectively; allowance for uncollectible accounts at the begining and end of the year $1,400,000 and $1,550,000; expense for estimated uncollectible accouts $750,00 which was 1% of sales;

  83. Math

    From the ff. account balances picked up from the ledger of Morgan Industries on July 15, 2008, prepare a trial balance in good form Morgan, Drawing Drawing 1, 800 Accounts Payable 38, 000 Land 30,000 Sales Discount 3, 600 Purchase Returns and Allowances

  84. Accounting

    Solve for trade accounts receivable, allowance for doubtful accounts, and prepare current assets section of balance sheet as of 12/31/04. Ending Balance Item - 12/31/03 - 12/31/04 Cash - $20,000 - $15,000 Trade accts rec - $40,000 - $??? Allowance for

  85. Accounting

    Use the following information to answer questions 8-10. The Boxcar Corporation has paid a total of $1 million in cash bonuses to its officers for 8 consecutive years. The board’s policy requires that, for this bonus to be paid, net cash provided by

  86. acc/291

    I got problem P-13-9-A allfigured out I just can'tP13-9A Condensed financial data of Arma Inc. follow. ARMA INC. Income Statement For the Year Ended December 31, 2011 Sales $392,780 Less: Cost of goods sold $135,460 Operating expenses, excluding

  87. business

    I4-1: An inexperienced bookkeeper for the Soggy Ground Construction Company has prepared the following balance sheet. Soggy Ground Construction CompanyBalance SheetFor the Year Ended December 31, xxxx Current Assets Cash $149,500 Accounts receivable (net)

  88. accounting

    A tabular analysis of the transactions made during August 2010 by Witten Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets = Liabilities + Stockholders' Equity Cash +

  89. Business Environment and Recording Transactions

    The proprietors of two businesses, L.L. Sams Company and Melinda Garcia Career Services, have sought business loans from you. To decide whether to make the loans, you have requested their balance sheets. Solely on the basis of these balance sheets, to

  90. accounting

    Post-closing trial balance What am I supposed to do when the balance is not equal? As in credits do not match debits. I follow the instructions in the book but no matter what it just does not match, even if i do all the debits on one side and all the

  91. accounting

    Part 5 Cash Budgeting Landis Company has the following sales forecasts for the selected three-month period in the current year: Month Sales April $12,000 May 7,000 June 8,000 Seventy percent of sales are collected in the month of the sale, and the

  92. accounting

    P4-2A Gil Vogel started his own consulting firm, Vogel Consulting, on June 1, 2012. The trial balance at June 30 is as follows. VOGEL CONSULTING Trial Balance June 30, 2012 Debit Credit Cash $ 6,850 Accounts Receivable 7,000 Prepaid Insurance 2,880

  93. Basic Accounting

    Complete an Income Statement, Statement of Owner's Equity, and Balance Sheet using the information provided below for Rya’s Planning Services. Cash… …… ……… … … … ………$21,500 Accounts Receivable………17,500 Office Supplies……

  94. math accounting

    The following information was drawn from the accounting records of Kwon Company as of December 31, 2012, before the temporary accounts had been closed. The Cash balance was $4,000, and Notes Payable amounted to $2,000. The company had revenues of $6,000

  95. accounting

    I got this of this web site but I don't understand where it all goes. this is the one I am working on. I need help. Part 1 BULLSEYE RANGES For Year Ended December 31, 2005 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Title Dr. Cr.

  96. finance /accounting- PLEASE HELP

    Aging Accounts Receivable: Madariaga Campany's accounts receivable reveal the following balances: current 840,000 1-30 days past due 405,000 31-60 days past due 95,000 61-90 days past due 60,000 91-120 days past due 11,000 The credit balance in Allowance

  97. Business Math

    The balance sheet of Karim Imports lists the following account balances: cash $6,450; supplies $1,200; accounts receivable $15,360;office equipment $8,500; merchandise inventory $28,775; current assets $65,800; accounts payable $12,650; mortgage payable

  98. accounting

    E15-7 Bennis Company has the following comparative balance sheet data. BENNIS COMPANY Balance Sheets December 31 2009 2008 Cash $ 15,000 $ 30,000 Receivables (net) 70,000 60,000 Inventories 60,000 50,000 Plant assets (net) 200,000 180,000 $345,000 $320,000

  99. Finance

    I am very lost with this assignment can someone please help me. I just need one sample thank you. The Lanford Corporation had 2008 sales of $110 million. The other pertinent financial data for 2008 is as follows: 2008 Sales $110,000,000 Dividend Payout

  100. acct ii

    A company has $314,000 in credit sales. The company uses the allowance method to account for uncollectible accounts. The allowance for doubtful accounts now has a $1,890 debit balance. If the company estimates that $8,160 of accounts will be uncollectible

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