Prepare a balance sheet, Accounting Basics

Assignment Help:

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

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:- Prepare a balance sheet

Cash flow liquidity ratios, Liquidity refers to a company's cash position, ...

Liquidity refers to a company's cash position, availability of resources to meet short-term cash requirements, and overall ability to obtain cash in the normal course of business.

Find out debt to equity ratio, Current Assets are $70,000, non-current asse...

Current Assets are $70,000, non-current assets are $150,000, current liabilities are $40,000 and long term liabilties are $30,000. What is the debt to equity ratio? 0.47 Stock h

Illustrate a sales cycle of company, Q. Illustrate a sales cycle of company...

Q. Illustrate a sales cycle of company? When exploratory a company's management, sales cycle and users of financial data must be aware of any seasonal changes that may affect i

Calculate the average return, Below is the share price, taken annually over...

Below is the share price, taken annually over the last ten years, and a table of dividends paid over the last ten years, for each Bendigo and Adelaide Bank and Commonwealth Bank.

Tds, how we can do tds audit

how we can do tds audit

Acct 205, I need help with accounting 205 week four assignment

I need help with accounting 205 week four assignment

General rationale financial statements, General rationale financial stateme...

General rationale financial statements provide much of the information needed by external users of financial accounting. These financial statements are official reports providing i

On december 31, On December 31, 2013, University Theatres issued $500,000 f...

On December 31, 2013, University Theatres issued $500,000 face value of bonds. The stated rate is 8%, and interest is paid semiannually on June 30 and December 31. The bonds mature

A(n) _______ loss occurs when the reduced price, A(n) _______ loss occurs w...

A(n) _______ loss occurs when the reduced price is below the actual cost. A. net B. operating C. absolute D. incurred

Advantages and disadvantages of lifo, Q. Show Advantages and disadvantages ...

Q. Show Advantages and disadvantages of LIFO? The advantages of the LIFO method are based on the fact that prices have risen almost constantly for decades. LIFO supporters clai

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