O'Hara Company began operations on December 1, 2017. Presented below is selected information related to O'Hara Company on December 31, 2017. pounds pounds Equipment 160,000 Utilities Expense 24,000 Cash 56,000 Accounts Receivable 108,000 Service Revenue 432,000 Salaries and Wages Expense 188,000 Rent Expense 52,000 Notes Payable 40,000 Accounts Payable 64,000 Dividends 60,000 Share Capital-ordinary 112,000 On December 31, 2017, the assets total: a. pound 324,000. b. pound 280,000. c. pound 388,000. d. pound 216,000.
O'Hara Company began operations on December 1, 2017. Presented below is selected information related to O'Hara Company on December 31, 2017. pounds pounds Equipment 160,000 Utilities Expense 24,000 Cash 56,000 Accounts Receivable 108,000 Service Revenue 432,000 Salaries and Wages Expense 188,000 Rent Expense 52,000 Notes Payable 40,000 Accounts Payable 64,000 Dividends 60,000 Share Capital-ordinary 112,000 On December 31, 2017, the assets total: a. pound 324,000. b. pound 280,000. c. pound 388,000. d. pound 216,000.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 50E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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Transcribed Image Text:O'Hara Company began operations on December 1, 2017. Presented below
is selected information related to O'Hara Company on December 31, 2017.
pounds
pounds
Equipment
160,000 Utilities Expense
24,000
Cash
56,000 Accounts Receivable
108,000
Service Revenue
432,000 Salaries and Wages Expense 188,000
Rent Expense
52,000 Notes Payable
40,000
Accounts Payable
64,000
Dividends
60,000
Share Capital-ordinary 112,000
On December 31, 2017, the assets total:
a. pound 324,000.
b. pound 280,000.
c. pound 388,000.
d. pound 216,000.
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