User Account

All Pages

What are the total assets and the total owners

Assignment Help Financial Accounting
Reference no: EM132203910

Tobias Company has the following account balances after adjusting entries at December 31, 2012:

Accounts Payable$24,000

Dividends7,000

Treasury Stock, Common (22,000 shares)98,000

Preferred Stock ($10 par)80,000

Land220,000

Cash220,000

Equipment120,000

Accounts Receivable90,000

Common Stock ($1 par)365,000

Sales820,000

Prepaid Rent70,000

Bonds Payable (due 2030)120,000

Premium on Bonds Payable8,000

Cost of Goods Sold720,000

Interest Expense20,000

Unearned Revenue20,000

Allowance for Doubtful Accounts15,000

Operating Expenses97,000

Accumulated Depreciation- Equipment40,000

Paid-in Capital in Excess of Par Value, Common113,000

Retained Earnings57,000

What are the total assets and the total owners' equity on the December 31, 2012 balance sheet?

Reference no: EM132203910

Questions Cloud

Identify economic legal and regulatory forces and trends : Apply - Internal and External Environmental Analysis - Identify economic, legal, and regulatory forces and trends
Amount to be repaid to bondholders on the maturity date : What is the total amount of interest to be paid over the life of the bonds, the total amount of interest expense to be recognized on December 31, 2012
Double declining balance method : What is the amount of depreciation expense for 2012 and the book value of the equipment at the end of 2012 (after recording depreciation for 2012)
Dollar amount of dividends that will be distributed : During 2016, Alpha distributed $40,000 in dividends. Use this information to determine for the 2016 the dollar amount of dividends that will be distributed to:
What are the total assets and the total owners : What are the total assets and the total owners' equity on the December 31, 2012 balance sheet?
What are priceline internal strengths and weaknesses : Read "Excellent Strategic Management Showcased: Priceline.com Inc." What are Priceline's internal strengths and weaknesses
Compose a full -page reflective summary : Drawing on material from the course Discussions, readings, Assignments, and your journal, compose a 1 full -page reflective summary
Analyze the experiment in terms of causality : Revisit Philip Zimbardo's (1971) Stanford University Prison Experiment. Analyze the experiment in terms of causality, controlling patterns, and its growth mode
Create risks and mitigation measures for a project scenario : Create Risks and Mitigation Measures for a Project Scenario. In this assignment write a detailed and specific response to the assigned scenario

Reviews

Write a Review

Financial Accounting Questions & Answers

  Determine the dividends per share and total dividends paid

Determine the dividends per share and total dividends paid to the common and preferred stockholders each year. (Round to the nearest cent.)

  Repay the loan by making equal monthly payments

You plan to buy a second-hand car that has a total "drive-out" cost of RM25,700. You will make a down payment of RM3,598. The remainder of the car’s cost will be financed over a period of 5 years. You will repay the loan by making equal monthly payme..

  Contributions of fixed assets may affect more than one type

contributions of fixed assets may affect more than one type of fund. discovery barn a not-for-profit science center for

  What us the degree of operating leverage

Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units. What us the degree of operating leverage? Using the degree of operating leverage, what is the estimated percent increase in net operating..

  Discuss the importance of the statement of cash flows

Discuss the importance of the statement of cash flows as an analytical took for users of financial statements. Explain the meaning of the three categories of a statement of cash flows.

  Franklin glass works uses a standard cost system in which

franklin glass works uses a standard cost system in which manufacturing overhead is applied on the basis of standard

  Calculation of material variancesthe standard cost of

calculation of material variances.the standard cost of product b manufactured by mateo company includes 3 units of

  Effective interest method for discount-premium amortization

Sanford sells $500,000 of 10% bonds on March 1, 2010. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2013. The bonds yields 12%. Prepare all relevant journal entries through December 31, 2011 under both I..

  Compute all of the materials and labor variances

Compute the standard cost of the ingredients for one gallon of wine and compute all of the materials and labor variances.

  Additional paid-in capital-total stockholders equity

Jonee, Inc. declared a 25% common stock dividend July 12, when the market value of the stock was $25 and a 30% preferred stock dividend July 13, when the market value of the stock was $50. Both stock dividends will be distributed on August 31, 2X09. ..

  What is an operating lease and what is a capital lease

What is an operating lease and What is a capital lease? What is a direct-financing lease? What is a sales-type lease?

  What are the implications of this for abc corporation

What are the implications of this for ABC Corporation? Why do currency differences affect foreign exchange reporting?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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