Cash 18,000 Accounts payable 4,500 Office supplies 1,500 Merchandise inventory 12,000 Accounts receivable 3,000 Bank loan 27,000 Property and equipment 75,000 Owners equity 78,000 The following information has not been incorporated to the accounts of Barney at the end of the period. 1. On the 30 June, Barney withdrew $1,000 from the business. 2. Depreciation for the year of $7,500 has not been included. 3. Although the invoice has not arrived, utilities expense for the last month is expected to be $300. The Total Liabilities is?
Cash 18,000 Accounts payable 4,500 Office supplies 1,500 Merchandise inventory 12,000 Accounts receivable 3,000 Bank loan 27,000 Property and equipment 75,000 Owners equity 78,000 The following information has not been incorporated to the accounts of Barney at the end of the period. 1. On the 30 June, Barney withdrew $1,000 from the business. 2. Depreciation for the year of $7,500 has not been included. 3. Although the invoice has not arrived, utilities expense for the last month is expected to be $300. The Total Liabilities is?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Barney Technologies - As the new accountant for Barney Technologies, you notice that their some information has not been included in their account balances. Answer the following questions based on the information below.
Barney Technologies
Balance Sheet as at 30 June 2021
| Cash | 18,000 | Accounts payable | 4,500 | |
| Office supplies | 1,500 | Merchandise inventory | 12,000 | |
| 3,000 | Bank loan | 27,000 | ||
| Property and equipment | 75,000 | Owners equity | 78,000 |
The following information has not been incorporated to the accounts of Barney at the end of the period.
1. On the 30 June, Barney withdrew $1,000 from the business.
2.
3. Although the invoice has not arrived, utilities expense for the last month is expected to be $300.
The Total Liabilities is?
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