Exercise 1-14 Wayne Holtz is the bookkeeper for Tamarisk, Inc.. Wayne has been t
ID: 2335032 • Letter: E
Question
Exercise 1-14 Wayne Holtz is the bookkeeper for Tamarisk, Inc.. Wayne has been trying to get the balance sheet of Tamarisk, Inc. to balance. It finally balanced, but now he's not sure it is correct. Tamarisk, Inc Balance Sheet December 31, 2017 Assets Liabilities and Stockholders' Equity Cash Supplies Equipment Dividends Total assets $10,600 (17,400) 45,400 36,900 $12,600 Accounts payable 14,900 Accounts receivable 34,600 Common stock 13,400 Retained earnings Total liabilities and stockholders equity $75,500 $75,500Explanation / Answer
TAMARISK,INC
BALANCE SHEET
AS ON DECEMBER 31,2017
TAMARISK,INC
BALANCE SHEET
AS ON DECEMBER 31,2017
Asset cash 12600 Accounts receivable 17400 supplies 14900 Equipment 34600 Total asset 79500 Total liabilities and stockholders equity Liabilities Accounts payable 10600 stockholders equity common stock 45400 Retained earning [36900-13400] 23500 Total stockholders equity 68900 Total liabilities and stockholders equity 79500Related Questions
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