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Use the above information to prepare a classified statement of financial position The following information (in thousands) is available for Wang Company for the year ended December 31, 2011: Accounts payable ¥ 2,700 Accumulated depreciation, equipment 4,000 Share capital-ordinary 3,800 Retained earnings 4,000 Copyrights 2,500 Notes payable (due in 5 years) 7,500 Accounts receivable 1,500 Cash 2,600 Short-term investm ...

Other / Other 31 Mar 2016

Compute the dollar amount of current assets Compute the dollar amount of current assets based on the following account balances. Accounts Payable $11,000 Accumulated Depreciation 27,000 Accounts Receivable 16,000 Cash 24,000 Equipment 93,000 Prepaid Rent 7,000 Short-term Investments 15,000 Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help ...

Other / Other 31 Mar 2016

Depreciation Expense Service Revenue Identify which of the following accounts would appear in a post-closing trial balance. Accumulated Depreciation Dividends Depreciation Expense Service Revenue Interest Payable Store Equipment Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help ...

Other / Other 31 Mar 2016

Prepare the necessary correcting entry At Westglow Company, the following errors were discovered after the transactions had been journalized and posted. Prepare the necessary correcting entry for each of the following. a. A collection on account of ₤500 was debited to Cash €500 and credited to Service Revenue ₤500. b. The purchase of supplies on account for ₤1,250 was recorded as a debit to Supplies for ₤ ...

Other / Other 31 Mar 2016

What are total current liabilities The following accounts were included on Haircut 101’s adjusted trial balance at December 31, 2011: Accounts payable $ 2,000 Accounts receivable 5,500 Cash 11,000 Share capital-ordinary 15,000 Retained earnings 25,000 Dividends 10,000 Interest expense 3,000 Note payable, due 8/31/14 60,000 Supplies 1,000 Service revenue 39,000 Equipment 5,000 (a) What are total current assets? (b) Wha ...

Other / Other 31 Mar 2016

These financial statement items (in thousands) are for Chen Company These financial statement items (in thousands) are for Chen Company at year-end, July 31, 2011. Salaries payable ¥ 4,580 Note payable (long-term) ¥ 3,300 Salaries expense 45,700 Cash 22,200 Utilities expense 19,100 Accounts receivable 9,780 Equipment 22,000 Accumulated depreciation 6,000 Accounts payable 4,100 Dividends 4,000 Commission revenue 56,100 D ...

Other / Other 31 Mar 2016

Indicate the worksheet column (income statement Dr., statement of financial position Cr., etc.) Indicate the worksheet column (income statement Dr., statement of financial position Cr., etc.) to which each of the following accounts would be extended. Account Worksheet Column a. Accounts Receivable ________________ b. Accumulated Depreciation ________________ c. Commission Revenue ________________ d. Utilities Expense ____ ...

Other / Other 31 Mar 2016

Betty Wright, CPA, was asked by the controller Betty Wright, CPA, was asked by the controller ofv Gore Company to review the accounting records before financial statements are prepared. Betty reviewed the records and found three errors. 1. Cash paid on accounts payable for $930 was recorded as a debit to Accounts Payable $390 and a credit to Cash $390. 2. The purchase of supplies on account for $500 was debited to Equipment $500 and cr ...

Other / Other 31 Mar 2016

The adjusted account balances of the Quick-E Delivery Service The adjusted account balances of the Quick-E Delivery Service at October 31 are as follows: Accounts Account Balances Accounts Account Balances Cash $11,000 Service Revenue $100,000 Accounts Receivable 15,000 Interest Revenue 8,000 Supplies 4,000 Depreciation Expense 27,000 Prepaid Insurance 8,000 Insurance Expense 6,000 Equipment 300,000 Salary Expense 35,000 Accumulate ...

Other / Other 31 Mar 2016

Following are temporary accounts of San Juan Company Identify which of the following are temporary accounts of San Juan Company. (1) Retained Earnings (2) Dividends (3) Equipment (4) Accumulated Depreciation (5) Depreciation Expense Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help ...

Other / Other 31 Mar 2016