Boehms, Inc has cash of $36,000, supplies costing $1,500, and stockholder's equity of $28,000. Determine the liabilities of the business. Write the accounting equation for Boehms, Inc.
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- You are examining a company's balance sheet and find that it has total assets of $30,791, a cash balance of $2,289, inventory of $5,009, current liabilities of $6,021 and accounts receivable of $2,805. What is the company's net working capital?Determine the following amounts: a. The amount of the liabilities of a business that has 60,800 in assets and in which the owner has 34,500 equity. b. The equity of the owner of a tour bus that cost 57,000 and on which is owed 21,800 on an installment loan payable to the bank. c. The amount of the assets of a business that has 11,780 in liabilities and in which the owner has 28,500 equity.What is Greenfield 's Sales Revenue under the accrual basis of accounting on these general accounting question?
- please give me answerBelow is the complete list of accounts of Sooner Company and the related balances. Cash, $1,900; Prepaid Rent, $7,400; Inventory. $6,000; Accounts Payable $4,300; Common Stock, $40,000; Service Revenue, $25,400; Sales Revenue, $14,000; Salaries Expense, $8,200; Accounts Receivable, $6,100; Land, $60,000; Cost of Goods Sold, $10,000; Deferred Revenue, $2,300: Retained Earnings, $34,800; Supplies Expense, $9,400. Required: 1. Prepare a preliminary balance sheet for Sooner Company. 2. Prepare a preliminary income statement for Sooner Company.Can you please answer the accounting question?
- Use the following information on current assets and current liabilities to compute and interpret the acidtest ratio. Explain what the acid-test ratio of a company measures. Cash . $1,490 Prepaid expenses . $ 700 Accounts receivable . 2,800 Accounts payable . 5,750 Inventory . 6,000 Other current liabilities . 850The company made a sale of goods for RO. 15000 (cost RO 10000) and received 30% in cash and balance on the account. Whích of the following is the correct presentation on the accounting equation?Saddleback Company paid off $39,000 of its accounts payable in cash. What would be the effects of this transaction on the accounting equation?
- What is the amount of colby's operating income on these general accounting question?Use the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable $34,251 Accounts receivable 69,478 Accrued liabilities 6,529 Cash 23,300 Intangible assets 36,101 Inventory 89,377 Long-term investments 104,908 Long-term liabilities 70,482 Notes payable (short-term) 21,433 Property, plant, and equipment 695,698 Prepaid expenses 1,772 Temporary investments 39,777 Based on the data for Harding Company, what is the amount of working capital? a. $223,704 b. $1,060,411 c. $693,926 d. $161,491Gulf Cement, Inc. reports the following assets and liabilities, Compute the totals that would appear in the corporation's basic accounting equation (Assets = Liabilities + Stockholders' Equity (Capital Stock)). Cash...Asset.. OMR 37,000 Assets e Yi abilities + Equity- Accounts Payable....liabi libies OMR 15,000 30 800 Supplies....A seps. OMR 1, 800 Loan Payable. ibiliies OMR 9,000 Inventory....AScts. OMR 12,000