+ Use the following information to calculate total Assets for the year ended December 31, 2011: Supplies $500 Revenues $17,000 Operating Expenses 10,000 Cash 16,000 Accounts Payable 11,000 Dividends Accounts Receivable 4,000 Notes payable 2,000 6,000 Common stock 10,000 Equipment Retained earnings 4,000 7,500

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.4.14P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...
icon
Related questions
Question
+
Use the following information to calculate total Assets for the year ended December 31,
2011:
Supplies
$500
Revenues
$17,000
Operating Expenses
10,000 Cash
16,000
Accounts Payable 11,000 Dividends
Accounts Receivable 4,000 Notes payable 2,000
6,000
Common stock
10,000 Equipment
Retained earnings
4,000
7,500
Transcribed Image Text:+ Use the following information to calculate total Assets for the year ended December 31, 2011: Supplies $500 Revenues $17,000 Operating Expenses 10,000 Cash 16,000 Accounts Payable 11,000 Dividends Accounts Receivable 4,000 Notes payable 2,000 6,000 Common stock 10,000 Equipment Retained earnings 4,000 7,500
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning