I really need help solving this problem please 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$905$905$5,180$11,000$7,000$5,180$17,000$7,000$11,000$905$21,000$90512/31/20X2$20,000$19,000$5,180$6,000$3,000$905$17,000$905$12,000$8,000$20,000$5,180Retained 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: $12/31/20X1

Assets means anything which is owned by business and used in business. Liabilities means which the…

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 Depreciation Expense Machine Accumulated Depreciation Machine $905 $905 $5,180 $11,000 $7,000 $5,180 $17,000 $7,000 $11,000 $905 $21,000 $905 12/31/20X2 Retained Earnings Inventory Required 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: $ $20,000 $19,000 $5,180 $6,000 $3,000 $905 $17,000 $905 $12,000 $8,000 $20,000 $5,180 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 Depreciation Expense Machine Accumulated Depreciation Machine $905 $905 $5,180 $11,000 $7,000 $5,180 $17,000 $7,000 $11,000 $905 $21,000 $905 12/31/20X2 Retained Earnings Inventory Required 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: $ $20,000 $19,000 $5,180 $6,000 $3,000 $905 $17,000 $905 $12,000 $8,000 $20,000 $5,180 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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Hi, my name is Jennifer. I am having trouble with this same problem. But the sub-parts I need help with are C, D, and E. But more specifically, really just sub-parts D and E. The only parts I see being answered are sub-parts A, B, and C only in the 8 solutions posted. May I please receive help for the top sub-parts of C, D, and E ONLY, please? It would be much appreciated. Thank you. :) -- Jennifer Sutton
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Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!
Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!
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