Talbridge Ltd. had the following account balances at December 31, 2021: Account Name Repairs expense Wages expense Prepaid expenses Dividends Purchase of intangibles Cash (end of year) Deferred revenue Owners' capital Accounts payable Prepaid insurance Collections from customers Rent expense Contributions by owners Accounts receivable Payment of dividends Website design Service revenue Cash received from debt Income tax expense Office supplies Office supplies expense Payments to suppliers Amount $1,125 21,350 2,500 17,155 Cash (beginning of year) 16,890 Retained earnings (beginning of year) 8,575 Interest expense 900 Business licence 60 Bank loan payable, due in 2025 Website expense Income tax payable 1,400 3,500 1,360 36,385 1,500 12,000 12,810 900 28,350 2,100 3,500 1,300 47,560 12,500 4,450 2,550 1,845 18,995 12,500 500 575
What is total assets on this company's balance sheet?
What is total current liabilities on this company's balance sheet?
What is the correct order for the current liabilities section of the balance sheet?
a. Accounts payable, payments to suppliers, deferred revenue, income tax payable
b. Bank loan payable, Income tax payable, Accounts payable, Deferred revenue
c. Accounts payable, Income tax payable, Payments to suppliers
d. Accounts payable, Deferred revenue, Income tax payable
e. Accounts payable, Income tax payable
Enter the letter that corresponds to your choice. (A B C D E)
What is total liabilities on this company's balance sheet?
What is total equity on this company's balance sheet?
What is the correct order for the equity section of the balance sheet?
a. Owners' Capital, Retained earnings
b. Retained earnings, Owners' capital
c. Retained earnings, Owners' capital, Profit
d. Retained earnings, Profit, Owners' capital
e. Owners' capital, Retained earnings, Profit, Dividends
Enter the letter that corresponds to your choice. (A B C D E)
What is the correct title for this company's statement of
a. Talbridge Ltd., Statement of Cash Flows, December 31, 2021
b. December 31, 2021, Statement of Cash Flows, Talbridge Ltd.
c. Talbridge Ltd., December 31, 2021, Statement of Cash Flows
d. Talbridge Ltd., Statement of Cash Flows, Year ended December 31, 2021
e. Statement of Cash Flows, Talbridge Ltd., Year ended December 31, 2021
Enter the letter that corresponds to your choice. (A B C D E)
a. Operating, Investing, Financing, Change in cash
b. Investing, Operating, Financing, Change in cash
c. Financing, Investing, Operating, Change in cash
d. Investing, Operating, Financing
e. Change in cash, Investing, Operating, Financing
Enter the letter that corresponds to your choice. (A B C D E)
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