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DI Question 1 2.5 pts Financial accounting information about a business organization: O is primarily reported to outsiders through a set of reports called financial statements O is made available to investors and creditors by permitting them access to the accounting records O must be made available to the public by law, regardless of the size of the business O is generally available only to management
5 Question 3 The following information was taken from the accounting records of zz, Inc. for the year ended December 31, 2019: Cash $26,000 Sales Revenue $95,800 Advertising Expense... . ..$13,000 $42,000 Supplies Notes Payable Dividends .. $11,888 Accounts Receivable ..$61,90e zz, Inc. reported total equity at December 31, 2019 of $178,880 calculate the total current assets reported in zZ, Inc.s balance sheet at December 31, 2019. 177000
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Answer #1

1) Financial accounting information about a business organization.

Ans:- Is primarily reported to outsiders through a set of reports called financial statements.

3) Calculate the Total current assets at Dec 31st 2019.

6) Calculate the Balance in the notes payable account on Dec 31st 2019.

Balance shee inc.. For the year ended 31st Dec 2019 Equity and liabilities Amount $s Assets buildin Amount Šs S 68,000.00 37,000.00 $ 56,000.00 Total equit $178,000.00 copy rights equipment accounts payable S 41,000.00 Cash utilities payable Notes pavable 26,000.00 77,000.00 $103,000.00 acounts receivable 61,000.00 S 13,000.00 S 16,000.00 invento supplies $338,000.00 $338,000.00 Total equity- Total assets - all liabilities Balancing figure All liabilities Total assest Total equity All liabilities 338000- 178,000 160,000 All liabilities Accounts payable +Utilities payable +Notes payable 160,000 41,000 +16,000Notes payable Notes payable $103,000 Current Assets Cash Inventory Accounts reveivable 61,000.00 Supplies S 26,000.00 S77,000.00 S 13,000.00 Total Cu.Assets $177,000.00

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