Exercise 3.4 · Balance Sheet Based on the following information, prepare a balance sheet. Note: Some of the information provided is not needed. Accounts receivable $ 60,000 Plant and Equipment $100,000 $ 10,000 $ 80,000 $ 15,000 $ 55,000 $ 15,000 $ 60,000 $ 80,000 Allowance for depreciation, P & E Cash Finished Goods inventory (ending) Notes payable (5 year note) Accounts payable Bonds payable Retained earnings Common stock $120,000 Payroll payable Materials inventory (ending) Work in process inventory (ending) Furniture and equipment $ 20,000 $ 20,000 $ 15,000 $ 80,000 $ 10,000 Allowance for depreciation, F &F

Exercise 3.4 · Balance Sheet Based on the following information, prepare a balance sheet. Note: Some of the information provided is not needed. Accounts receivable $ 60,000 Plant and Equipment $100,000 $ 10,000 $ 80,000 $ 15,000 $ 55,000 $ 15,000 $ 60,000 $ 80,000 Allowance for depreciation, P & E Cash Finished Goods inventory (ending) Notes payable (5 year note) Accounts payable Bonds payable Retained earnings Common stock $120,000 Payroll payable Materials inventory (ending) Work in process inventory (ending) Furniture and equipment $ 20,000 $ 20,000 $ 15,000 $ 80,000 $ 10,000 Allowance for depreciation, F &F

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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TB SA Qu. 16-59 (Static) Complete: Complete: Current Assets Cash Accounts receivable Prepaid rent Merchandise inventory Total current assets $ Amount $ $ $ 12,000 9,000 5,000 28,000 Round to Nearest Hundredth Percent % % % % 100 %
104-Principles of Management Acco y courses/ BUSS 104-2-20202 / TEST 2 SCHEDULED FOR 12TH APRIL 2021 IN CL The BCD Company had the following income statement on 31.12.2020 Deprecation 10000 Net income 190000 OMR The following accounts decreased during 2020: Accounts receivable 22000 inventory 15000 OMR. Rent payable 19000, Machinery 15000 OMR The following accounts increased during 2020:Notes receivable 14000 Accounts Payable 13000 long term Bonds payable 30000 OMR Calculate cash flows from operating activities Select one: O a. 245000 OMR O b. NONE OF THESE Oc. 217000 OMR O d. 249000 OMR Next page page s unit 4 Jump to.. nned in se Moor Rakhit Almaschani na uth
Tableau Dashboard Activity 12-1 Use Conservative Versus Aggressive Accounting Estimates Review the Tableau visualization, and then answer the questions that follow. Sales Revenue Cost of Goods Sold Depreciation Exp Bad Debt Exp Warranty Exp Income Statement Net Income $80,000 $0 $50,000 $100,000 $150,000 $200,000 Balance Sheet Cash Accounts Receivable Allowance for Uncol Accts Inventory Equipment Accum Depr Total Assets Accounts Payable Warranty Liab Common Stock Retained Earnings Total Liab and Equities Operating Cash Flows Investing Cash Flows Financing Cash Flows $275,000 Uncollectible Accounts Estimate Ⓒ Before Adjustment 5% of Accounts Receivable 15% of Accounts Receivable Lower of Cost or NRV Estimate Ⓒ Before Adjustment Ⓒ $4,000 NRV Below Cost $12,000 NRV Below Cost Depreciation Estimate Before Adjustment 6 Years 12 Years Warranty Estimate Before Adjustment 4% of Sales Revenue 12% of Sales Revenue Risk Analysis Current Ratio Debt-to-Equity Rat.. 10.3 5.8% Profitability Analysis…