ASSETS = LIABILITIES + EQUITY ANSWER THE FOLLOWING INDEPENDENT QUESTIONS (SHOW COMPUTATION): If cash amounted to 50,000, how much is total liabilities and equity? If total liabilities and equity amounted to 220,000, how much is cash? If cash amounted to 30,000 and capital amounted to 60,000, how much are the notes payable?
ASSETS = LIABILITIES + EQUITY ANSWER THE FOLLOWING INDEPENDENT QUESTIONS (SHOW COMPUTATION): If cash amounted to 50,000, how much is total liabilities and equity? If total liabilities and equity amounted to 220,000, how much is cash? If cash amounted to 30,000 and capital amounted to 60,000, how much are the notes payable?
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter1: Accounting And The Financial Statements
Section: Chapter Questions
Problem 53E: Exercise 1-53 Relationships Among the Financial Statements During 2019, Moore Corporation paid...
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ASSETS = LIABILITIES + EQUITY
ANSWER THE FOLLOWING INDEPENDENT QUESTIONS (SHOW COMPUTATION):
- If cash amounted to 50,000, how much is total liabilities and equity?
- If total liabilities and equity amounted to 220,000, how much is cash?
- If cash amounted to 30,000 and capital amounted to 60,000, how much are the notes payable?
- If
accounts receivable are 25 percent of the total assets and notes payable are 1.5 times of accounts payable, how much is capital? - If accounts payable are 12.5 percent of total assets, and capital is twice as much as accounts payable, how much are the notes payable?
- If equipment, net is 50% of total assets and capital is one-half of notes payable, how much is total liabilities?
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