Green company had the following normal account balances

Assignment Help Accounting Basics
Reference no: EM13914811

On December 31, 2013, Green Company had the following normal account balances in its general ledger. Use this information to prepare a trial balance.

Land ............... $40,000
Unearned Revenue ......... 26,000
Dividends ............. 10,000
Prepaid Rent ............ 9,600
Cash ................ 29,000
Salaries Expense .......... 15,000
Accounts Payable ........... 6,000
Common Stock ............ 40,000
Operating Expense .......... 35,000
Office Supplies ........... 5,000
Advertising Expense ......... 2,000
Retained Earnings, 1/1/2013 ...... 9,000
Service Revenue ............ 92,000
Accounts Receivable ......... 27,400

Reference no: EM13914811

Questions Cloud

Risk assessment plan-daunting task : Holding the position of ‘Risk Manager" can be a daunting task. Their role is to advise their company of any potential risks that might exist within the organization, its employees, customers, and even its reputation.
What is the yield to maturity and what is the current yield : The Ford Motor Corporation issued 12 year bonds 2 years ago at an annual coupon rate of 9.5%. The bonds make semi-annual payments. The price of the bond is $1,066. What is the yield to maturity? What is the current yield?
Considerations under the concept of governance apply : Write a paper (1,250-1,500 words) that describes the roles and responsibilities of health care management in addressing this pressing dilemma. Apply the following questions to generate your conclusions about how you would proceed:
What level of abatement will maximize net social benefits : Using the pre-1996 benefit-based criterion for drinking water standards, find the level of abatement that will maximize total social benefits (TSB).
Green company had the following normal account balances : On December 31, 2013, Green Company had the following normal account balances in its general ledger. Use this information to prepare a trial balance.
Absorption costing and variable costing : Determine the unit product cost under absorption costing and variable costing.
What is the effective annual rate on your loan : You have budgeted $450 per/month to purchase an automobile. You can obtain a 5-year new car loan for 6%, Annual Percentage Rate (APR). How much will you be able to borrow? Also, what is the Effective Annual Rate (EAR) on your loan?
Determine the present value now of an investment : Determine the present value now of an investment of $3,000 made one year from now and an additional $3,000 made two years from now if the annual discount rate is 4 percent
Determine the total interest paid over the course of loan : Determine the total interest paid over the course of the loan. Determine the total principal paid over the course of the loan

Reviews

Write a Review

Accounting Basics Questions & Answers

  Larrys trampoline stretching machine owed two years was

larry is the sole proprietor of a trampoline shope. during 2014 the following transactions occurred.-unimproved land

  How would you treat the following items in computing ratio

financial analysts typically measure financial leverage as the ratio of debt to equity. However, there is less agreement on how to measure debt, or even equity. How would you treat the following items in computing this ratio?

  Describe the contingencies

Discuss contingencies and how they're reported on financial statements. What conditions should be met before a contingency can be charged against income?

  If department h had 538 units 53 completed in process at

if department h had 538 units 53 completed in process at the beginning of the period 5588 units were completed during

  How does information technology auditing differ from

how does information technology auditing differ from financial auditing? make a list at least 10 of the skills you

  Cost flows and overhead application cleveland metals uses a

cost flows and overhead application cleveland metals uses a job cost system and applies factory overhead to production

  Annual manufacturing overhead cost budget

The following information was taken from the annual manufacturing overhead cost budget of Coen Company.

  If fixed costs are 1400000 the unit seling price is 240

if fixed costs are 1400000 the unit seling price is 240 and the unit variable costs are 110 what is the amount of sales

  What circumstances lead to the recording of a deferred tax

what circumstances lead to the recording of a deferred tax asset.

  Charges for lab tests are consistently higher at valley

charges for lab tests are consistently higher at valley view than at other hospitals and have resulted in many

  Adcock corp had 500000 net income in 2007 on january 1 2007

adcock corp. had 500000 net income in 2007. on january 1 2007 there were 200000 shares of common stock outstanding. on

  Inventories of raw materials and finished goods

Aborkian Co. is forecasting sales of 75,000 units of product for November. To make one unit of finished product, seven pounds of raw materials are required. Actual beginning and desired ending inventories of raw materials and finished goods are:

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