Balance of Cash after AJE (in unit dollars, two decimal places, use standard accounting rounding): After completing Part C of the term project you have the following: Revenue 100,000.00 15,000.00 45,000.00 CGS Costs Depreciation 15,000 Salaries 30,000 Net Income Assets Cash 40,000.00 110,000.00 20,000.00 Equipment 100,000.00 AD Equipment (10,000.00) Answer: Liabilities 70,000.00 Salaries Payable 70,000.00 Net Income 40,000.00 Total Liabilities + OE 110,000.00

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Balance of Cash after AJE (in unit dollars, two decimal places, use standard accounting rounding):
After completing Part C of the term project you have the following:
Revenue
100,000.00
15,000.00
45,000.00
CGS
Costs
Depreciation 15,000
Salaries
30,000
Net Income
Assets
Cash
40,000.00
110,000.00
20,000.00
Equipment 100,000.00
AD Equipment (10,000.00)
Answer:
Liabilities
70,000.00
Salaries Payable 70,000.00
Net Income 40,000.00
Total Liabilities + OE 110,000.00
Transcribed Image Text:Balance of Cash after AJE (in unit dollars, two decimal places, use standard accounting rounding): After completing Part C of the term project you have the following: Revenue 100,000.00 15,000.00 45,000.00 CGS Costs Depreciation 15,000 Salaries 30,000 Net Income Assets Cash 40,000.00 110,000.00 20,000.00 Equipment 100,000.00 AD Equipment (10,000.00) Answer: Liabilities 70,000.00 Salaries Payable 70,000.00 Net Income 40,000.00 Total Liabilities + OE 110,000.00
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