Altona company, Accounting Basics

The balance sheet account as of July 31, 1995 for altona company are as follows:

Capital: (fix lib)                  35,630
Office Equipment (ass)         16730
Delivery Truck                      15900
Accounts Receivables(ass)     14180
Notes payable(lib                  1200
Cash(ass                             7820
Accounts Payable                 5750
Salaries Payable                    2170
Delivery Supplies on hand       1050
Office Supplies on hand          870

Required:

Prepare a balance sheet as of july 31,1995 (Total Assets = 56,550)

 

Posted Date: 3/15/2013 5:08:25 AM | Location : United States







Related Discussions:- Altona company, Assignment Help, Ask Question on Altona company, Get Answer, Expert's Help, Altona company Discussions

Write discussion on Altona company
Your posts are moderated
Related Questions
An invoice for product X totals $1,200 and is dated July 6, 2000 with terms 2/10-60X. If the invoice is paid on September 3, 2000, what is the net amount of payment? A. $912

Q. Example of Electronic spreadsheets? Electronic spreadsheets have many applications in accounting. An electronic spreadsheet is basically a large blank page that contains row

untangible assets

Q. Define Operating expenses? Operating expenses for a merchandising company are those expenses other than cost of goods sold incurred in the usual business functions of a comp

Draw a stem-and-leaf plot for the data set. (Enter numbers from smallest to largest separated by spaces. Enter NONE for stems with no values.) Data set A: The annual wages of emp

Q. Explain about Trial balance? Trial balance -- at the close of an accounting period, transactions posted in the ledger areadded up. A trial or test balance sheet is prepared

Q. What do you mean by account? An account is a division of the accounting system used to classify and summarize the decreases, increases and balances of each liability, asset,

COMMON ADJUSTMENTS AFFECTING THE PREPARATION OF BALANCE SHEET ARE: 1. Closing stock :  Closing stock come into view on the credit side of trading account and assets side of

An accounting perspective Business insight Accounting is essential for all three types of business organizations and every company must follow generally accepted accounting pri

You won a lottery which pays $10,000 per year for 10 years (at the end of each year). Assuming a discount rate of 8% calculate the present value of your expected winnings