The following information is provided for Sacks Company before closing entries. Cash Supplies Prepaid rent Salaries expense Equipment Service revenue Multiple Choice $ 13,300 5,800 3,300 5,800 Miscellaneous expenses Dividends Accounts payable Common stock Retained earnings What is the amount of total shareholders' equity? $69,800 66,300 35,200 21,300 4,300 6,300 69,300 13,100

The following information is provided for Sacks Company before closing entries. Cash Supplies Prepaid rent Salaries expense Equipment Service revenue Multiple Choice $ 13,300 5,800 3,300 5,800 Miscellaneous expenses Dividends Accounts payable Common stock Retained earnings What is the amount of total shareholders' equity? $69,800 66,300 35,200 21,300 4,300 6,300 69,300 13,100

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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Please answer G part with explanation. Answer was incoorect in previous solution
explain the fill answer
Zina Manufacturing Company started and completed Job 501 in December with the following Job Cost Sheet and transferred it to the warehouse. Direct Materials Date Dec 17 Dec 30 Total Direct Labor Amount Date Amount $2,000 Dec 20 $4,000 8,000 Dec 30 3,800 Total Job Cost Sheet - Job No. 501 Total Cost The journal entry to record the transaction is A) WIP Inventory FG Inventory B) Cost of Goods Sold WIP Inventory C) FG Inventory WIP Inventory D) FG Inventory WIP Inventory Debit Credit 35,800 17,800 17,800 Manufacturing Overhead Date Amount Dec 24 $10,000 Dec 30 8,000 Total 35,800 35,800 17,800 17,800 35,800
is thsi correct?
What is the answer to d e and f?
why did you not answer b?
ne NPV of go ərket..(Do nc ID