15.Complete the following worksheet for Green Ocean Enterprises Green Ocean Enterprises Worksheet Account Title Cash Accounts Receivable Supplies Equipment Accumulated Depreciation- Equipment Accounts Payable Wages Payable Capital Stock Retained Earnings, 1/1/2022 Dividends Fees Earned Wages Expense Rent Expense Depreciation Expense Totals NetIncome (Loss) FortheYear Ended December31,2022 Adjusted Trial Income Statement Balance Debit 14,500 7,500 500 20,500 1,000 18,000 9,300 8.500 79.800 Credit 15,000 9,500 3,060 13,240 5,000 34.000 79,800 Statement of Financial Position Debit Credit Debit Credit

15.Complete the following worksheet for Green Ocean Enterprises Green Ocean Enterprises Worksheet Account Title Cash Accounts Receivable Supplies Equipment Accumulated Depreciation- Equipment Accounts Payable Wages Payable Capital Stock Retained Earnings, 1/1/2022 Dividends Fees Earned Wages Expense Rent Expense Depreciation Expense Totals NetIncome (Loss) FortheYear Ended December31,2022 Adjusted Trial Income Statement Balance Debit 14,500 7,500 500 20,500 1,000 18,000 9,300 8.500 79.800 Credit 15,000 9,500 3,060 13,240 5,000 34.000 79,800 Statement of Financial Position Debit Credit Debit Credit

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter2: The Basics Of Record Keeping And Financial Statement Preparation: Balance Sheet

Section: Chapter Questions

Problem 8E

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select the item that best completes each of the decriptions below A(n)____ is a record of increases and decreases in a spefic asset, liability, equity, revenues, or expenses items. A(n)____ is a resource owned or controlled by a company A common stock and dividendes are examples of___ accounts A(n)____ is a obilgations to transfer assets to others ___ are people and organziations that are entitlied to recieve payments from a company
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* CengageNOW2 | Onlin x 2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false 人 еВook Show Me How Vertical Analysis of Balance Sheet Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow: Current Year Previous Year Current assets $288,750 $177,120 Property, plant, and equipment 498,750 452,640 Intangible assets 87,500 26,240 Current liabilities 175,000 85,280 Long-term liabilities 376,250 301,760 Common stock 78,750 72,160 Retained earnings 245,000 196,800 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. If required, round percentages to one decimal place. Kwan Company Comparative Balance Sheet For the Years Ended December 31 Current Current Previous Previous year year year year Amount Percent Amount Percent Current assets…
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