S16 Key for WA 2 Rowe BBS Balance Sheet As of 12/31/14 S16 Julie Rowe Soil Testi
ID: 2417230 • Letter: S
Question
S16 Key for WA 2 Rowe BBS Balance Sheet As of 12/31/14 S16 Julie Rowe Soil Testing Assets Current: Liabilities and Owners Equity Cash/Checking Supplies Inventory $ 4,000 1,000 25,000 Bank $10,000 Total Current Assets $30,000 Total Current Liabilities 10,000 Fixed Long-term: $10,000 Truck Tank Computer 3000 $55,000 2,000 Dad Bank D Total long-term $50,000 $60,000 Total Fixed $60,000 Total Liabilities Other Owner's Equity: Contribution S30,000 $90,000 $90,000 Total Liabilities and Owners Equity Total AssetsExplanation / Answer
CASH ACCOUNT
OWNERS CONTRIBUTION:
BALANCE SHEET AS ON 31/12/2015
PARTICULARS AMOUNT ($) PARTICULARS AMOUNT ($) TO OP.BALANCE 4000 BY SALES RETURN 1000 TO SALES 100000 BY PURCHASES 50000 BY FREIGHT 5000 BY OPERATING EXP less DEP 14000 BY DRAWIING 31000 BY INTEREST 3000 BY CL. BALANCE 0 TOTAL 104000 104000Related Questions
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