What is the correct title for this company's balance sheet? a. Balance Sheet, Huimin Ltd., Year ended December 31, 2021 b. Huimin Ltd., Balance Sheet, December 31, 2021 C. Huimin Ltd., Balance Sheet, Year ended December 31, 2021 d. December 31, 2021, Balance Sheet, Huimin Ltd. e. Huimin Ltd., December 31, 2021, Balance Sheet Enter the letter that corresponds to your choice. (A B C D E) A. What is total current assets on this company's balance sheet? B. What is the correct order for the current assets section of this company's balance sheet?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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What is the correct title for this company's balance sheet?

a. Balance Sheet, Huimin Ltd., Year ended December 31, 2021

b. Huimin Ltd., Balance Sheet, December 31, 2021

C. Huimin Ltd., Balance Sheet, Year ended December 31, 2021

d. December 31, 2021, Balance Sheet, Huimin Ltd.

e. Huimin Ltd., December 31, 2021, Balance Sheet

Enter the letter that corresponds to your choice. (A B C D E)

A. What is total current assets on this company's balance sheet?

B. What is the correct order for the current assets section of this company's balance sheet?

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What is the correct title for this company's balance sheet?
a. Balance Sheet, Huimin Ltd., Year ended December 31, 2021
b. Huimin Ltd., Balance Sheet, December 31, 2021
c. Huimin Ltd., Balance Sheet, Year ended December 31, 2021
d. December 31, 2021, Balance Sheet, Huimin Ltd.
e. Huimin Ltd., December 31, 2021, Balance Sheet
Enter the letter that corresponds to your choice. (ABCDE)
What is total current assets on this company's balance sheet?
What is the correct order for the current assets section of this company's balance
sheet?
Transcribed Image Text:What is the correct title for this company's balance sheet? a. Balance Sheet, Huimin Ltd., Year ended December 31, 2021 b. Huimin Ltd., Balance Sheet, December 31, 2021 c. Huimin Ltd., Balance Sheet, Year ended December 31, 2021 d. December 31, 2021, Balance Sheet, Huimin Ltd. e. Huimin Ltd., December 31, 2021, Balance Sheet Enter the letter that corresponds to your choice. (ABCDE) What is total current assets on this company's balance sheet? What is the correct order for the current assets section of this company's balance sheet?
Office supplies expense
Cash (beginning of year)
Service revenue
Cash received from debt
Prepaid insurance
Office supplies
Business licence
Cash (end of year)
Income tax payable
Owners' capital
Website design
Telephone expense
Contributions by owners
Accounts payable
Bank loan payable, due in 2025
E
350
31,550
33,720
10,000
1,200
975
60
47,875
500
21,000
960
375
7,500
12,625
10.000
Transcribed Image Text:Office supplies expense Cash (beginning of year) Service revenue Cash received from debt Prepaid insurance Office supplies Business licence Cash (end of year) Income tax payable Owners' capital Website design Telephone expense Contributions by owners Accounts payable Bank loan payable, due in 2025 E 350 31,550 33,720 10,000 1,200 975 60 47,875 500 21,000 960 375 7,500 12,625 10.000
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