Stockton Company Adjusted Trial Balance December 31 Cash 6,071 Accounts Receivable 2,990 Prepaid Expenses 636 Equipment 15,914 Accumulated Depreciation 13,004 Accounts Payable 1,457 Notes Payable 5,397 Common Stock 1,000 Retained Earnings 3,505 Dividends 853 Fees Earned 7,091 Wages Expense 3,455 Rent Expense 825 Utilities Expense 480 Depreciation Expense 172 Miscellaneous Expense 58 Totals 31,454 31,454 Determine the total liabilities for the period. O $4.505 O s19.858 O $6.854 O s12.607

Stockton Company Adjusted Trial Balance December 31 Cash 6,071 Accounts Receivable 2,990 Prepaid Expenses 636 Equipment 15,914 Accumulated Depreciation 13,004 Accounts Payable 1,457 Notes Payable 5,397 Common Stock 1,000 Retained Earnings 3,505 Dividends 853 Fees Earned 7,091 Wages Expense 3,455 Rent Expense 825 Utilities Expense 480 Depreciation Expense 172 Miscellaneous Expense 58 Totals 31,454 31,454 Determine the total liabilities for the period. O $4.505 O s19.858 O $6.854 O s12.607

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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Accounts payable 919 Accounts receivable 631 Accumulated depreciation 1,813 Cash 729 Common stock 1,387 Cost of goods sold 7,578 Current portion of long-term debt 24 Depreciation expense 108 Dividends 13 Goodwill and other long-term assets 2,627 Income tax expense 24 Income taxes payable 12 Interest expense 54 Interest revenue 11 Inventories 930 Long-term liabilities 1,585 Prepaid expenses and other current assets 65 Property and equipment 2,389 Retained earnings 825 Sales 9,710 Selling, general, and administrative expenses 2,276 Unearned revenue 990 Wages payable 148 Prepare two closing journal entries
Cash €18,800 Accounts Receivable 35,800 Allowance for Doubtful ACcounts €638 Inventory, December 31 84,850 Prepaid Insurance 6,860 Equipment 91,000 Accumulated Depreciation-Equipment 36,650 Notes Payable 29,280 Share Capital-Ordinary 80,329 Retained Earnings 9,970 Sales Revenue 635,513 Cost of Goods Sold 419,500 Salaries and Wages Expense 124,210 Advertising Expense 6,730 Office Expense 4,630 €792,380 €792,380
Accounts receivable $15,000 Property, plant, and equipment $200,000 Cash 17,000 Inventory 65,000 Other current assets 25,000 Other long-term assets 40,000 Accounts payable 21,000 Common stock 95,000 Long-term liabilities 55,000 Retained earnings Other current liabilities 18,000 Prepare a classified balance sheet for Werthman Company. Werthman Company Balance Sheet December 31 Assets Liabilities & Stockholders' Equity Current Assets: Current Liabilities: Cash 2$ 15,000 Accounts payable 2$ 21,000 Accounts receivable 17,000 Other current liabilities 18,000 Inventory 65,000 Total Current Liabilities 39,000 Other current assets 25,000 Noncurrent Liabilities: Total Current Assets 122,000 Long-term liabilities 55,000 Total Liabilities Noncurrent Assets: Stockholders' Equity Property plant and equipment 200,000 Common stock Other long-term assets 40,000 Total Noncurrent Assets 240,000 Total Stockholders' Equity Total Assets $ 0 Total Liabilities & Stockholders' Equity $
Net Income , SFP
DIMSDALE SPORTS COMPANY Balance Sheet December 31 Assets Cash Accounts receivable Inventory Equipment Total assets Less: Accumulated depreciation Liabilities and Equity $ 20,000 520,000 135,000 $ 600,000 75,000 525,000 $1,200,000 Liabilities Accounts payable $375,000 Loan payable 12,000 Taxes payable (due March 15) 90,000 477,000 $ 473,500 249,500 723,000 Equity Common stock Retained earnings Total liabilities and equity $ 1,200,000 To prepare a master budget for January, February, and March, use the following information. a. The company's single product is purchased for $30 per unit and resold for $56 per unit. The inventory level of 4,500 units on December 31 is more than management's desired level, which is 20% of the next month's budgeted sales units. Budgeted sales are January, 7,250 units; February, 9,250 units; March, 11,250 units; and April, 10,000 units. All sales are on credit. b. Cash receipts from sales are budgeted as follows: January, $246,800; February, $718,078; March,…
Acc
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Accounting Accounts payable $18,200 Accounts receivable 8,500 Accumulated depreciation—equipment 5,300 Bonds payable 17,500 Cash 25,000 Common stock 26,800 Cost of goods sold 28,800 Depreciation expense 5,000 Dividends 5,900 Equipment 45,500 Interest expense 2,300 Patents 7,260 Retained earnings, January 1, 2022 19,300 Salaries and wages expense 6,100 Sales revenue 53,800 Supplies 6,540 1. Find the Current ratio 2. Debt to assets ratio enter debt to assets ratio in percentages rounded to 1 decimal place % 3. Working capital $enter working capital in dollars 4. Earnings per share value plzz help me in these ratios thnx
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