Use the following to answer questions 30 – 33The following account balances appear in the 20XC year-end POST-closing trial balance of BA Corporation:S50,00075,000CashAccounts Receivable125,000500,000InventoryEquipmentAccumulated Depreciation 50,000Accounts PayableNotes Payable30,000200,000300,000Common stockRetained earnings?30. $Determine the total amount of debitsthat would be shown on the post-closing trial balanceDetermine retained earnings thatwould be shown on the post-closing trial balance31. $32. $Determine total current assets33. $Determine the book value of theequipmenti

Name: Use the following to answer questions 30 – 33The following account ba
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Description: Use the following to answer questions 30 – 33The following account balances appear in the 20XC year-end POST-closing trial balance of BA Corporation:S50,00075,000CashAccounts Receivable125,000500,000InventoryEquipmentAccumulated Depreciation 50,000A

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The following account balances appear in the 20XC year end POST-closing trial balance of BA Corporation: S50,000 75,000 125,000 500,000 Accumulated Depreciation 50,000 30,000 Cash Accounts Receivable nventory Equipment Accounts Payable Notes Pavable 200 000

The following account balances appear in the 20XC year end POST-closing trial balance of BA Corporation: S50,000 75,000 125,000 500,000 Accumulated Depreciation 50,000 30,000 Cash Accounts Receivable nventory Equipment Accounts Payable Notes Pavable 200 000

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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