Prepare a classified balance sheet

Assignment Help Cost Accounting
Reference no: EM13555580

Healthy & Trim Co. offers personal weight reduction consulting services to individuals.

After all the accounts have been closed on November 30, 2008, the end of the current fiscal year, the balances of selected accounts from the ledger of Healthy & Trim Co. are as follows:

Accounts Payable

$ 17,250

Equipment

$350,000

Accounts Receivable

41,560

Prepaid Insurance

9,600

Accumulated Depreciation-

 

Prepaid Rent

6,000

Equipment

51,950

Salaries Payable

6,750

Cash

?

Supplies

1,040

Cindy DeLoach, Capital

346,000

Unearned Fees

5,000

Prepare a classified balance sheet that includes the correct balance for Cash.

Reference no: EM13555580

Questions Cloud

Explain copper can be drawn into thin wires : Copper can be drawn into thin wires. How many meters of 34-gauge wire (diameter = 6.304 x 10^-3 in.) can be produced from the copper in 6.95 lb of covellite, an ore of copper is 66.0% copper by mass
What is the kinetic energy when spring reaches equilibrium : The spring potential energy is given by U = 1/2 kx^2. What is the kinetic energy when the spring reaches equilibrium
Sound exits diffraction horn loudspeaker through rectangular : Sound exits a diffraction horn loudspeaker through a rectangular opening like a small doorway. A person is sitting at an angleθ off to the side of a diffraction horn that has a widthD of 0.0781 m.
Explain what percentage of a sample of uranium-238 : Uranium-238 decays very slowly, with a half-life of 4.47 billion years. What percentage of a sample of Uranium-238 would remain after 13.4 billion years.
Prepare a classified balance sheet : Prepare a classified balance sheet that includes the correct balance for Cash - end of the current fiscal year, the balances of selected accounts from the ledger of Healthy & Trim Co.
How far from the lens will the image be : A 4·cm tall candle is placed 300·cm from a lens with a focal length of +60·cm. Note: enter the absolute value of your answers for all distances and heights, How far from the lens will the image be
Find out the solution is acidic or basic : A solution is made by mixing 12.0 g of NaOH and 75.0 mL of 0.200 M HNO3. Calculate the concentration of each ion remaining in the solution and determine whether the solution is acidic or basic.
How much did carlita pay to the tax authorities : Carlita began 2004 with a taxes payable account balance of $3,000. On December 31, 2004, its taxes payable account balance is $7,000. How much did Carlita pay to the tax authorities during the year?
Evaluate the entropy change of the water : In a specific heat experiment 210.0 grams of aluminum (C=913.0 J/kg.K) at 100.0°C) is mixed with 36.0 g water at 20.0°C. Find the entropy change of the water

Reviews

Write a Review

 

Cost Accounting Questions & Answers

  Evaluate incremental revenue associated

What is the incremental income associated with accepting the special order? Evaluate the incremental revenue associated with accepting the special order?

  At what amount should schwartzkopf report the land

By appraisal, the fair value was estimated to be $500,000 for the land and $2,000,000 for the building. At what amount should Schwartzkopf report the land and the building at the end of the year?

  Evaluate production budget in units

Prepare the budgets for March 2012 Revenues budget and direct material usage budget and direct material purchases budget

  The decision was made to use a process costing system the

the decision was made to use a process costing system. the first month of operation went fairly smoothly and the cfo is

  Homestyle soup co uses a process cost system to record the

homestyle soup co. uses a process cost system to record the costs of processing soup which requires the cooking and

  Calculate valley total cost

Valley Dental Services is a specialized dental practice whose only service is filling cavities. Valley has identified the following monthly costs.

  Compute the gross profit as a percent of sales

During the current year, merchandise is sold for $200,000 cash and for $950,000 on account. The cost of the merchandise sold is $805,000.

  Determine the amount of wally lowmans capital

Determine the amount of Wally Lowman's capital as of March 1 of the current year - Prepare an income statement for March

  Purpose a schedule showing the determination of goodwill

Purpose a schedule showing the determination of goodwill,

  Prepare a bank reconciliation using abc restaurant

Prepare a bank reconciliation using ABC Restaurant Supply Inc.'s information for August 31. · A NSF check from Johnny Jones for $3,164.

  Journalize the transactions in a two-column journal

Journalize the transactions in a two-column journal, using the appropriate number to identify the transactions - appropriate number to identify the transactions.

  How much is the overvalue of the firm if its beta is given

You are considering acquiring a firm that you believe can generate expected cash flows of $16,000 a year forever. However, you recognize that those cash flows are uncertain. a. Suppose you believe that the beta of the firm is 1.0. How much is the f..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd