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Below is an adjusted trial balance for a company. What are the total liabilities and equity for the company?
Debit Credit
Cash 22,000
Accounts Receivable 3,000
Inventory 200
Prepaid Rent 9,000
Accounts Payable 4,100
Salaries Payable 1,200
Common Stock 28,000
Dividends 1,000
Sales Revenue 23,000
Operating Expenses 16,000
Salary Expenses 1,200
Supplies Expense 900
Rent Expense 3,000
Totals: $56,300 $56,300
Write a report to Susan Sharma identifying the reasons why the company has been losing bids to its competitors and develop an alternative costing system to use for bids to overcome this problem.
What is the effect of the sale on the total amount of the seller's assets, liabilities, and stockholders' equity?-What is the effect of the payment on the total amount of the seller's assets, liabilities, and stockholders' equity?
What amount should Fisher report as its Investment in Steel on its December 31, 2015, balance sheet?- What amount should Fisher report as Equity in Earnings of Steel on its December 31, 2015 income statement?
The first audit of the books of Bruce Gingrich Company was made for the year ended December 31, 2015. In examining the books, the auditor found that certain items had been overlooked or incorrectly handled in the last 3 years. Prepare the journal ent..
Prepare the general journal entries to make the necessary adjustments for the information presented to you above. (If you believe a journal entry is not required, please explain why you believe this to be the case).
Prepare adjustments on March 31 prior to financial statement preparation - Success Systems
Flax, LLC purchased only one asset during 2011. It placed in service a computer (5-year property) on January 16th with a basis of $14,000. Calculate the maximum depreciation expense. (Ignoring Section 179 and bonus expensing).
Marlene Grady and Pauline Monroe are partners engaged in operating The G&M Doll Shop,doll shop is located in a state that requires unemployment compensation contributions of employers of one or more individuals.
develop an idea that will be the start of a business plan. build on the idea for a service business - a home
Which of the following statements describes an appropriate relationship with respect to the reliability of audit evidence?
Prepare the statement of cash flows using the indirect method. Disclose any noncash transactions in an accompanying note. (Amounts to be deducted should be indicated with minus sign. Omit the "$" sign in your response.)
Which of the following is NOT included in the calculation of free cash flows?
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