Prepare a balance sheet, Accounting Basics

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

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: 2/26/2013 12:53:19 AM | Location : United States







Related Discussions:- Prepare a balance sheet, Assignment Help, Ask Question on Prepare a balance sheet, Get Answer, Expert's Help, Prepare a balance sheet Discussions

Write discussion on Prepare a balance sheet
Your posts are moderated
Related Questions
Q. Explain about trade discount? A trade discount is a percentage deduction or else discount from the specified list price or catalogue price of merchandise. Companies utilize

Split common stock 4 to 1 and reduced PAR from $80 to $20. After the split there were 600,000 shares.

A swap valuation method which involves summing and computing the present value of each and every future net settlement and would be required by the contract terms either future s

Needs the entries for the following scenarios: Capital accounts as follows : Mason ; 90,000 Jiri; 30,000 James; 60,000 a) Frank pays mason 25,000 for 20% of masons interest i

Other than the Parsimonious forecasting approach, what other financial forecasting approaches are there? Other than the Parsimonious forecasting approach, there are a number of oth

Explain the meaning of Payroll Deductions There are numerous deductions taken from an employee's earnings. These are deducted by employer before employee receives a check. D

what do you mean by 90% of the entire issue to be received before the allotment of shares?

#c

Ken, a resident, is a handyman who contracts with people to do a variety of jobs including repairing fences, fixing household items and small painting jobs. As part of this work, K

Q. What is credit balance? If on the other side the sum of the credits exceeds the sum of the debits the account has a credit balance. For example assume that a company has an