3 dila, le\'s C @Xina Kifi hus the iRalk r irt 3s ipna tel i 1 1 alartra3 xxvetl
ID: 2540332 • Letter: 3
Question
3 dila, le's C @Xina Kifi hus the iRalk r irt 3s ipna tel i 1 1 alartra3 xxvetlik sn' Credit $1,420 3,900 4,200 4,900 21,500 Accounts Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Unearned Revenue Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense $ 6,400 7,320 1,950 4,800 980 4,300 1,760 490 59,130 490 25,400 3,200 6,120 3,300 7,900 4,800 Total $87,130 $87,130Explanation / Answer
Prepare classified balance sheet :
Assets Current assets Cash 1420 Account receivable 3900 Prepaid insurance 4200 Total current assets 9520 Non current assets Notes receivable 4900 Equipment 21500 Less: Accumlated depreciation (6400) Total non current asets 20000 Total assets 29520 Liabilities Current liabilities Account payable 7320 Unearned revenue 980 Salary and wages payable 1950 Income tax payable 4800 Total current liabilities 15050 Stockholder's equity Common stock 4300 Retained earnings 10170 Total stockholder's equity 14470 Total liabilities and stockholder's equity 29520Related Questions
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