3. Preparing simple balance sheets Renata is the owner of an orange factory. The following information is available about her business' assets and liabilities on 31 December 2011. Orange and boxes cash at bank Trade payables Inventory Cash in hand Bank loan Trade receivables $ 64,000 8,000 14,000 36,000 5,000 20,000 10,000 a. Calculate the total value of assets b. Calculate the total value of liabilities c. Use the accounting equation to calculate the businesses capital d. Prepare a simple balance sheet at third one December 2011.

3. Preparing simple balance sheets Renata is the owner of an orange factory. The following information is available about her business' assets and liabilities on 31 December 2011. Orange and boxes cash at bank Trade payables Inventory Cash in hand Bank loan Trade receivables $ 64,000 8,000 14,000 36,000 5,000 20,000 10,000 a. Calculate the total value of assets b. Calculate the total value of liabilities c. Use the accounting equation to calculate the businesses capital d. Prepare a simple balance sheet at third one December 2011.

Name: 3. Preparing simple balance sheetsRenata is the owner of an orange fa
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Description: 3. Preparing simple balance sheetsRenata is the owner of an orange factory. The followinginformation is available about her business' assets andliabilities on 31 December 2011.Orange and boxescash at bankTrade payablesInventoryCash in handBank loanT

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The accompanying table, Data table Date Deposit (Withdrawal) Date Deposit (Withdrawal) 1/1/20 $8,000 1/1/22 $3,272 1/1/21 $(6,540) 1/1/23 $5,255 (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) , shows a series of transactions in a savings account. The account pays 5% simple interest, and the account owner withdraws interest as soon as it is paid. Calculate the following: a. The account balance at the end of each year. (Assume that the account balance at December 31, 2019, is zero.) b. The interest earned each year. c. The true rate of interest that the investor earns in this account. Question content area bottom Part 1 a. The account balance at the end of 2020 is $8,0008,000. (Round to the nearest dollar.) Part 2 The account balance at the end of 2021 is $1,9531,953. (Round to the nearest dollar.)
Required information Skip to question [The following information applies to the questions displayed below.]The August bank statement and cash T-account for Martha Company follow: BANK STATEMENT Date Checks Deposits Other Balance August 1 $ 13,600 August 2 $ 120 13,480 August 3 $ 9,300 22,780 August 4 220 22,560 August 5 160 22,400 August 9 530 21,870 August 10 130 21,740 August 15 3,100 24,840 August 21 220 24,620 August 24 15,500 9,120 August 25 5,650 14,770 August 30 620 14,150 August 30 Interest earned $ 20 14,170 August 31 Service charge 10 14,160 Cash (A) Debit Credit August 1 Balance 13,600 Deposits Checks written August 2 9,300 120 August 1 August 12 3,100 220 August 2 August 24 5,650 160 August 3 August 31 4,100 130 August 4 530 August 5 200 August 15 280 August 17 620 August 18 220 August 19…
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