the three dollar figures are right, the rest i dont know how to do ABA Ltd. Has collected the following data and asks you to prepare the Balance Sheet at 12/31/20X2:Balance Sheet ItemsAccounts Payable to SuppliersAccounts Receivable from CustomersMortgage PayableMachineCost of Goods SoldCashLand (net of depreciation)Income Taxes PayableDepreciation Expense MachineAccumulated Depreciation Machine$1,070$1,070$5,620$9,000$7,000$5,620$17,000$7,000$11,000$1,070$21,000$1,07012/31/20X2Retained EarningsInventoryRequired 1: ABA's Current assets as of 12/31/20X2 must have been: $Required 2: ABA's Non Current Assets as of 12/31/20X2 must have been: $Required 3: ABA's Total Assets as of 12/31/20X2 must have been: $Required 4: ABA's Current Liabilities as of 12/31/20X2 must have been: $Required 5: ABA's Non Current liabilities as of 12/31/20X2 must have been: $Required 6: ABA's Total Liabilities as of 12/31/20X2 must have been: $Required 7: ABA's Owner's Equity as of 12/31/20X2 must have been: $Required 8: ABA's Total Liabilities and Owner's Equity as of 12/31/20X2 must have been: $776013690$20,000$19,000$5,620$6,000$3,000$1,070$17,000$1,070$12,000$8,000$20,000$5,6202100012/31/20X1

A balance sheet is a statement that proves the establishment of an accounting equation. In other…

ABA Ltd. Has collected the following data and asks you to prepare the Balance Sheet at 12/31/20X2: Balance Sheet Items Accounts Payable to Suppliers Accounts Receivable from Customers Mortgage Payable Machine Cost of Goods Sold Cash Land (net of depreciation) Income Taxes Payable Doprociation Exponco Machino $1,070 $1,070 $5,620 $9,000 $7,000 $5,620 $17,000 $7,000 $11.000 12/31/20X2 $20,000 $19,000 $5,620 $6,000 $3,000 $1,070 $17,000 $1,070 $12.000 12/31/20X1

ABA Ltd. Has collected the following data and asks you to prepare the Balance Sheet at 12/31/20X2: Balance Sheet Items Accounts Payable to Suppliers Accounts Receivable from Customers Mortgage Payable Machine Cost of Goods Sold Cash Land (net of depreciation) Income Taxes Payable Doprociation Exponco Machino $1,070 $1,070 $5,620 $9,000 $7,000 $5,620 $17,000 $7,000 $11.000 12/31/20X2 $20,000 $19,000 $5,620 $6,000 $3,000 $1,070 $17,000 $1,070 $12.000 12/31/20X1

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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