Question 13Not yet answeredMarked out of 1P Flag questionthe statement of financial position for 2020 were as following:Cash $12000, A/R $10000, Prepaid Insurence for 6months $8000, Land $20,000, Equipment $10000, A/P $5000, Unearned Revenue $6000, N/P for 3 months $4000,Bonds payable for 5 years $12000, N/P for two years $3000, Share Capital $22000, Retained Earnnings $8000, what isthe total Equity?O a. $15000.Ob $11000.Oc. $30000.Od. s12000.Question 14Marked out of1Flag questionNot vet answveredX Company sold merchandise to customer by S20500 term 2/10, net 30,the cost of goods sold (CGS) is $15000, after 3days they granted customer $500 for sales returns has a cost $300, what is the entry of cash collection from A/R usingperpetual system if cash was received during discount period (10 days)?isk assignment 2png

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Question 13 Not yet answered Marked out of 1 P Flag question the statement of financial position for 2020 were as following:Cash $12000, A/R $10000, Prepaid Insurence for 6 months $8000, Land $20,000, Equipment $10000, A/P $5000, Unearned Revenue $6000, N/P for 3 months $4000, Bonds payable for 5 years $12000, N/P for two years $3000, Share Capital $22000, Retained Earnnings $8000, what is the total Equity O. $15000 Ob. $11000. Oc. $30000. Od $12000 Question 14 Not yet answered arked out of 1 lag question X Company sold merchandise to customer by 520500 term 2/10, net 30the cost of goods sold (CGS) is $15000, after3 days they granted customer $500 for sales returns has a cost 5300, what is the entry of cash collection from A/R using perpetual system if cash was received during discount period (10 days)

Question 13 Not yet answered Marked out of 1 P Flag question the statement of financial position for 2020 were as following:Cash $12000, A/R $10000, Prepaid Insurence for 6 months $8000, Land $20,000, Equipment $10000, A/P $5000, Unearned Revenue $6000, N/P for 3 months $4000, Bonds payable for 5 years $12000, N/P for two years $3000, Share Capital $22000, Retained Earnnings $8000, what is the total Equity O. $15000 Ob. $11000. Oc. $30000. Od $12000 Question 14 Not yet answered arked out of 1 lag question X Company sold merchandise to customer by 520500 term 2/10, net 30the cost of goods sold (CGS) is $15000, after3 days they granted customer $500 for sales returns has a cost 5300, what is the entry of cash collection from A/R using perpetual system if cash was received during discount period (10 days)

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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