A list of account balances for "Amara Inc" as at the 30th June 2020 is shown below. Account Name $ Cash 18,700 Equipment 29,000 14000

The management of Maxlab Ltd. has provided you with the following data relating to their operations for the last two financial periods.      2021     2020 Notes receivable  $ 20,000   $    -0- Accounts receivable $182,000 $140,000 Sales               $930,000     $750,000 Operating expenses    $170,000   $200,000 Payables           $45,000   $20,000 Required: Calculate the percentage change for each item as reported above using 2020 as the base year and explain your result.

On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances:Accounts                                                 Debit                    CreditCash                                                       $ 25,100Accounts Receivable                                 46,200Allowance for Uncollectible Accounts                                 $ 4,200Inventory                                                   20,000Land                                                          46,000Equipment                                                15,000Accumulated Depreciation                                                   1,500Accounts Payable                                                                28,500Notes Payable (6%, due April 1, 2022)                                50,000Common Stock                                                                    35,000Retained Earnings…

How do you find the red numbers on the balance sheet and income statement?

6. At January 1, 2020, Teal Inc. had accounts receivable of $73,000. At December 31, 2020, accounts receivable is $54,000. Sales revenue for 2020 total $451,000.Compute Teal’s 2020 cash receipts from customers. Cash receipts from customers   $

Balance Sheet as at    As at 30/9/16    As at 30/9/15    $    $    Assets              Current assets-                    Cash    8,200    9,400          Accounts Receivable    107,000    103,500          Inventory    82,700    71,300    Non-current assets less accumulated depreciation    242,600    245,700    Total assets    440,500    429,900                   Liabilities and Owners' equity              Current liabilities    117,000    120,000    Loan (repayable in 2019)    152,000    150,000    Total liabilities    269,000    270,000    Owners' equity    171,500    159,900    Total Liabilities and Owners' equity    440,500    429,900    Summarised Income Statement of Bishan Enterprise for the year ended 30 September 2016    $        Sales    990,000        Cost of goods sold    580,000        Gross profit    410,000        Operating expenses    350,000        Net profit    60,000        ·    Note - The owner withdrew $48,400 during 2016.        Required:                Calculate…