Altona company, Accounting Basics

Assignment Help:

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

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)

 


Related Discussions:- Altona company

Illustrate retail inventory method, Terry Dorsey started Dorsey Hardware a ...

Terry Dorsey started Dorsey Hardware a tiny hardware store two years ago and has struggled to make it successful. The first year of operations effected in a substantial loss in the

Central Depository System, I am requesting for literature review and past s...

I am requesting for literature review and past studies on CDS.

Cash flow statement vs funds flow statement, Cash Flow Statement Vs Funds F...

Cash Flow Statement Vs Funds Flow Statement:   together the Cash Flow Statement and Funds Flow Statement give approximately comparable picture of the firm. They don't be different

Adjusting entries. you have been retained to examine, Adjusting entries. Yo...

Adjusting entries. You have been retained to examine the records of Kathy's Day Care Center as of December 31, 20X3, the close of the current reporting period. In the course o

Define expenses in terms of accounting, Q. Define Expenses in terms of acco...

Q. Define Expenses in terms of accounting? Expenses are outflows or else other using up of assets or incurrence of liabilities (or a combination of both) from rendering service

Trial balance, preparing trial balance with balance method

preparing trial balance with balance method

Describe about post-closing trial balance, Q. Describe about post-closing t...

Q. Describe about post-closing trial balance? A post-closing trial balance is trial balances taken subsequent to the closing entries have been posted. The only accounts that mu

Prefferred dividendes, matt schmidt company''s ledger shows the amount of

matt schmidt company''s ledger shows the amount of

Prepare journal entries to record transactions, On January 1, 2012, Magnus ...

On January 1, 2012, Magnus Corporation had 60,000 shares of $1 par value common stock issued and outstanding. During the year, the following transactions occurred: Mar. 1

Write Your Message!

Captcha
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