70,000 Building Office Equipment 27.000 Accounts Payable 2,300 Utilities Payable 500 Unearned Revenue 22,014 Notes Payable 62,000 Common Stock 100.000 Dividends. 54,000 Service Revenue 56.586 Salaries Expense 23,900 Utilities Expense 800 900 Advertising Expense 243 400 5 243.400 Total

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
icon
Related questions
Question

John Hill MD reported the following trial balance as of September 30, 2018 calculator debit ratio for John Hale MD select the ratio formula on the first line and then calculate the ratio around the percentage to the nearest whole number.

 

 

Building
70,000
Office Equipment
27,000
Accounts Payable
2,300
Utilities Payable
500
Unearned Revenuel
22014
Notes Payable
62,000
Common Stock
100.000
Dividends
54 000
Service Revenue
56 686
Salaries Expense
23.900
Utilities Expense
80,
900
Advertising Expense
243,400 S243.400)
Total
%24
Transcribed Image Text:Building 70,000 Office Equipment 27,000 Accounts Payable 2,300 Utilities Payable 500 Unearned Revenuel 22014 Notes Payable 62,000 Common Stock 100.000 Dividends 54 000 Service Revenue 56 686 Salaries Expense 23.900 Utilities Expense 80, 900 Advertising Expense 243,400 S243.400) Total %24
Balance
Account Title
Debit
Credit
Cash
31,000
Accounts Receivable
7.400
Office Supplies
2 400
Land
26.000
Bullding
70,000
Office Equipment
27.000
Accounts Payable
2.300
Utilities Payable
Uneamed Revenue
22,014
Notes Payable
62.000
Common Stock
100000
Dividends
64.000
%24
Transcribed Image Text:Balance Account Title Debit Credit Cash 31,000 Accounts Receivable 7.400 Office Supplies 2 400 Land 26.000 Bullding 70,000 Office Equipment 27.000 Accounts Payable 2.300 Utilities Payable Uneamed Revenue 22,014 Notes Payable 62.000 Common Stock 100000 Dividends 64.000 %24
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Ratio Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education