Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and totalcash outflows. Rent for the month $ 1,650 Monthly take - home salary $ 3, 185 Spending for food $ 845 Cashin checking account $ 650 Savings account balance $ 2,090 Balance of educational loan $ 3, 360 Currentvalue of automobile $ 9,300 Telephone bill paid for month $ 165 Credit card balance $ 335 Loan payment $280 Auto insurance $ 430 Household possessions $ 5,400 Video equipment $ 2,850 Payment for electricity $190 Lunches/parking at work $ 280 Donations $ 360 Personal computer $ 2, 200 Value of stock investment $1,360 Clothing purchase $ 210 Restaurant spending $ 230

The total assets of a company is the sum total of current assets and fixed assets.Total Assets =…

Answered: Use the following items to determine…

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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Similar questions

Which of the following accounts will get affected when cash is received from sale made on account in the last month? a. Cash and Service Revenue b. Cash and Accounts Receivable c. Cash and Salary Expense d. Cash and Notes Payable
Adjusted cash balance?
Calculate the cash discount and the net amount due the transaction (in $). (Round your answers to the nearest cent.) Amount ofInvoice Terms ofSale CashDiscount NetAmount Due $5,010.20 4/10, n/30 $ $
Anna’s Cookies combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported for cash and cash equivalents. $270 in coins held in store registers. $4,340 cash in checking accounts. $770 in accounts payable to suppliers. $2,550 worth of equipment. $1,340 cash in a safe at the store. $6,700 note receivable due in 10 years.
Compute for the following using the data provided below: Cash on Hand – P23,500 Cash in Bank – P226,000 Accounts Receivable – P12,500 Allowance for Bad Debts – P2,500 Merchandise Inventory, Beg – P8,200 Merchandise Inventory, End – P8,500 Prepaid Insurance Expense - P4,800 Long-term Loans Receivable - P60,400 Equipment – P45,600 Fixture and Furniture – P118,900 Acc. Depreciation – P26,800 Land – P350,000 write your answer using this format " 123,456 " Total Current Assets: Net Property, Plant and Equipment: Total Non-current Assets: Total Assets:
The accompanying table, Data table Date Deposit (Withdrawal) Date Deposit (Withdrawal) 1/1/20 $8,000 1/1/22 $3,272 1/1/21 $(6,540) 1/1/23 $5,255 (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) , shows a series of transactions in a savings account. The account pays 5% simple interest, and the account owner withdraws interest as soon as it is paid. Calculate the following: a. The account balance at the end of each year. (Assume that the account balance at December 31, 2019, is zero.) b. The interest earned each year. c. The true rate of interest that the investor earns in this account. Question content area bottom Part 1 a. The account balance at the end of 2020 is $8,0008,000. (Round to the nearest dollar.) Part 2 The account balance at the end of 2021 is $1,9531,953. (Round to the nearest dollar.)
Using the following information please prepare a statement of cash flow Revenue forServices$75,000.00 Checks written to Vedors$25,000.00 Payment to employees$10,000.00 Cash, beginning of year$50,000.00 Purchase new equipment$35,000.00 Loan Repayment$17,500.00
3. From the following information relating to Bank Şobar, prepare Income Statement for the year ended 31st March 2020. Show the calculations separately. (PREPARED SHEDULES) Particulars Interest on overdraft Establishment Interest on bill discounted R.O 550,000 70,000 300,000 Rent Salaries 25,000 15,000 Interest on savings Printing and stationery Interest on fixed deposits Commission Interest on loan Interest on Borrowing Interest on cash credit Administration's fees Postage and telegram Maintenance expenses General Reserve 80,000 5,900 55,000 90,000 45,000 42,000 275,000 7,000 2,500 8,400 50,000 30.000 Loan Additional information: 1. Provide OMR 50,000 for doubtful debts 2. Provide OMR 120,000 for taxation 3. Rebate on bills discounted on 31-03-20 OMR 60,000 4. Dividend proposed to pay OMR 30,000 5. Last year Profit OMR 100,000
Cash receipts totaled $875,000 for property taxes and $292,500 from other revenue. Note: Enter debits before credits. Transaction General Journal Debit Credit 04 .
Headlands has the following assets at December 31, 2017. Cash in bank-savings account 138,800 Certificates of deposit (270-day) 244,000 Cash on hand 1,200 Postdated checks 6,500 Cash refund due from State Taxing Authority 31,500 Checking account balance 10,800 What amount should be reported as cash? Cash to be reported 2$
how much is the total cash of the company?
Based on the following data of KONTINALANG Co., how much is the adjusted bank balance as of December 31, 2019?

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