Lawson Consulting had the following accounts and amounts on December 31. Cash Accounts receivable $ 2,900 16, 200 3,400 8,000 Equipment Accounts payable Common stock $ 12,000 Dividends 5,900 Services revenue 7,900 Rent expense 4,260 Wages expense 19,640 PS 2-17 (Algo) Preparing a balance sheet LO P1 se the above information to prepare a December 31 balance sheet for Lawson Consulting. Hint: The ending Retained Earnings ccount balance as of December 31 is $1,900. $ LAWSON CONSULTING Balance Sheet 0 $ 0 0 0

Lawson Consulting had the following accounts and amounts on December 31. Cash Accounts receivable $ 2,900 16, 200 3,400 8,000 Equipment Accounts payable Common stock $ 12,000 Dividends 5,900 Services revenue 7,900 Rent expense 4,260 Wages expense 19,640 PS 2-17 (Algo) Preparing a balance sheet LO P1 se the above information to prepare a December 31 balance sheet for Lawson Consulting. Hint: The ending Retained Earnings ccount balance as of December 31 is $1,900. $ LAWSON CONSULTING Balance Sheet 0 $ 0 0 0

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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Consider the following account balances of Evan McGruder, Incorporated, as of December 31, Year 3: Accounts Payable $ 113,420 Retained Earnings $ 56,000 Equipment 422,900 Notes Payable, due Year 5 344,500 Common Stock 206,500 Accounts Receivable 203,800 Income Tax Payable 4,030 Cash 97,750 Required:Prepare a classified balance sheet at December 31, Year 3.
please help with questions a,b,c,d at the top and question e at the bottom asap for my accounting homework.
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The following data relates to the assets due within one year for Simons Co. Cash $56,000 Accounts receivable 325,000 Allowance for doubtful accounts 25,000 Interest receivable 3,000 Supplies 4,000 Inventory 45,000 Other current assets 10,000 Based on the data above, prepare a partial balance sheet in good form at December 31. Show total current assets. Simons Co. Balance Sheet December 31 Assets Current assets: Total current assets
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