Prepare only asset section of the classified balance sheet

Assignment Help Accounting Basics
Reference no: EM132178829

Question - The following is the Alpha Dog Company adjusted Trial Balance.

Alpha Dog Company Adjusted Trial Balance December 31, 2016

Account Title Debit Credit

Cash $42,650

Accounts Receivable 165,700

Supplies Inventory 30,255

Prepaid rent 15,900

Equipment 395,285

Accumulated Depreciation $245,760

Accounts Payable 76,055

Wages Payable 13,000

Capital Stock 200,000

Retained Earnings 105,145

Service Revenue 716,705

Interest Income 1,500

Rent Expense 63,500

Wages Expense 439,260

Supplies Expense 46,520

Depreciation Expense 154,095

Dividends 5,000

Totals $1,358,165 $1,358,165

Prepare only the Asset section of the Classified Balance Sheet for the year end. Be sure to use a good format, dollar signs and single underlines were required. There are a few extra lines in the formatted input answer form to allow for acceptable balance sheet format variations.

Reference no: EM132178829

Questions Cloud

Human resource professionals : Communication is a vital tool to have in business and personally. As human resource professionals, you will communicate continuously with many people
Hiring managers are well prepared for interviews : What can HR do to ensure that hiring managers are well prepared for interviews?
What are some the technical impediments : What are some the technical impediments / issues with RFID technology that make this kind of a scenario somewhat difficult to achieve?
Custody on the drug charges : They have taken Justin into custody on the drug charges and now want to test his DNA as well. Must they obtain a warrant to do so? Why or why not?
Prepare only asset section of the classified balance sheet : Prepare only the Asset section of the Classified Balance Sheet for the year end. Be sure to use a good format, dollar signs and single underlines were required
What type of damages will he likely receive : Kenneth is injured when he slips and falls on a wet floor inside Wawa. What type(s) of damages will he likely receive?
List and propose five possible amendments : Please List and Propose five possible amendments to the Foreign Corrupt Practices Act of 1977?
Compute the company receivables turnover ratio : End of year accounts receivable was $60,000 and beginning accounts receivable was $40,000. Compute the company's receivables turnover ratio
Why is a return customer preferable to a transactional : Why is a return customer preferable to a transactional customer? How do marketing and customer service relate to each other?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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