Homework Answers
Requirement:1
| Question No. | Classification |
| 1 | Expense |
| 2 | Current Liability |
| 3 | Expense |
| 4 | Current Asset |
| 5 | Equity |
| 6 | Equity |
| 7 | Fixed Assets |
| 8 | Expenses |
| 9 | Assets |
| 10 | Stockholders` equity |
Requirement:2
| Total Liabilities [2624.9-861] | $ 1,763.90 |
Requirement:3
| Net Profit Margin [113.7/1846.9] | 6.16% |
| Total Revenues[Net Income+Expenses][113.7+1000+59.7+673.5] | $ 1,846.90 |
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prepare a classified balance
sheet
Classified Balance Sheet: Current Assets, PP&E (net), Total
Assets, Current Liabilities, Total Liabilities, Total Stockholders’
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b- 30,000
c-87,000
d-57,000
^same question
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prepare a classified balance
sheet
Classified Balance Sheet: Current Assets, PP&E (net), Total
Assets, Current Liabilities, Total Liabilities, Total Stockholders’
Equity, Total Liabilities & Stockholders’ Equity.
December 31, 2017 DEBIT CREDIT Cash Accounts Receivable Allowance for Doubtful Accounts Short term Note Receivable Interest Receivable Supplies Invento Prepaid Expenses Equipment Accumulated Depreciation Copyrights Accounts Payable Interest Payable Unearned Revenue Long Term Note Payable Common Stock Paid-in-Capital In Excess of Par - CS Retained Earnings (1/1/15) Dividends Sales Sales Returns & Allowances...
^a- 102,000
b- 30,000
c-87,000
d-57,000
^same question
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