Please see attached pictures.How much is the total assets in the statement of financial position as of December 31,2022? Office salaries311,000Office supplies used70,800Prepaid expenses49.800Purchases2,424,180Purchase discounts27,200Purchase returns45,840Sales3,818,024Sales discounts50,000Sales returns35,480Bonds payable116,400Salaries payable27,621Sales salaries201,768Utilities expense31,560Utilities payable75,160Merchandise Inventory, December 31, 2022522,800Interest expense - mortgage23,212Gain from sale of equipment12,976How much is the total assets in the statement of financial position as of December 31,2022? Use the following information:ACCOUNTSAMOUNTSAccounts receivableP530,600Accumulated depreciation- Furniture & Fixture73,340Accumulated depreciation Office Equipment188,360Advertising expense126,600Allowance for bad debts42,600Cash510,200Depreciation expense - Furniture and fixture36,800Depreciation expense - Office Equipment94,180Bad debts expense115,000Freight- in41.960Freight - out32,160Furniture and fixtures282,680Interest expense - loans21,708Interest income34,800320,320LandMerchandise Inventory, January 1, 2022414,000821,000Mortgage payable232,200Notes receivableOffice equipment857,800311,000Office salaries70,800Office supplies used49,800Prepaid expenses2,424,180Purchases27,200Purchase discounts

Assets and liabilities are integral parts of the financial statements of an entity and show the…

Office salaries 311,000 Office supplies used 70,800 Prepaid expenses 49,800 Purchases 2,424,180 Purchase discounts 27,200 Purchase returns 45,840 Sales 3,818,024 Sales discounts 50,000 Sales returns 35,480 Bonds payable 116,400 Salaries payable 27,621 Sales salaries 201,768 Utilities expense 31,560 Utilities payable 75,160 Merchandise Inventory, December 31, 2022 522,800 Interest expense - mortgage 23,212 Gain from sale of equipment 12,976 How much is the total assets in the statement of financial position as of December 31, 2022?

Office salaries 311,000 Office supplies used 70,800 Prepaid expenses 49,800 Purchases 2,424,180 Purchase discounts 27,200 Purchase returns 45,840 Sales 3,818,024 Sales discounts 50,000 Sales returns 35,480 Bonds payable 116,400 Salaries payable 27,621 Sales salaries 201,768 Utilities expense 31,560 Utilities payable 75,160 Merchandise Inventory, December 31, 2022 522,800 Interest expense - mortgage 23,212 Gain from sale of equipment 12,976 How much is the total assets in the statement of financial position as of December 31, 2022?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 1PB: Consider the following situations and determine (1) which type of liability should be recognized...

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On March 31, 2022, the balances of accounts appearing in the ledger of April Furnishings Company, afurniture wholesales, are as follows:Accumulated Depreciation-Building$419,000Administrative Expenses302,000Building1,397,000Cash98,000Cost of Merchandise Sold2,123,000Interest Expense6,000April, Capital887,000April, Drawing98,000Merchandise Inventory $547,000Notes Payable140,000Office Supplies11,000Salaries Payable4,000Sales3,582,000Selling Expenses400,000Store Supplies50,000Create create a multi step income statement.
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please qucikly, thanks! 30 Which of the following is not a contra account? A, Purchase returns and allowances B. Sales returns and allowances C. Accumulated depletion D, Accumulated depreciation
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This are the correction answer for that problem (a) is Depreciation Expense 200,000 (b) is Loss on sale 596,875 how to come up to this answer what is the solution and formula ?
please answer the following, LIST OF ACCOUNTS: Accumulated Depletion Accumulated Depreciation - Automobiles Accumulated Depreciation - Buildings Accumulated Depreciation - Equipment Accumulated Depreciation - Furniture and Fixtures Accumulated Depreciation - Machinery Accumulated Depreciation - Vehicles Accumulated Impairment Losses - Building Accumulated Impairment Losses - Equipment Accumulated Impairment Losses - Land Accumulated Impairment Losses - Machinery Accumulated Impairment Losses - Mine Accumulated Impairment Losses - Patents Accumulated Impairment Losses - Tools and Dies Accumulated Impairment Losses - Vehicles Asset Retirement Obligation Buildings Cash Common Shares Contribution Expense Cost of Goods Sold Deferred Revenue - Government Grants Depreciation Expense Equipment Furniture and Fixtures Gain on Disposal of Automobiles Gain on Disposal of Building Gain on Disposal of Equipment Gain on Disposal of Furniture and Fixtures Gain on Disposal of Machinery Gain on…
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Study the following material and independent transactions below: Transaction 1 Dr Accumulated depreciation $ 100,000 Dr Accounts receivable (a related company) $ 4,900,000 Cr Buildings $ 2,600,000 Cr Gain on disposal of buildings $ 2,400,000 Transaction 2 Dr Sales returns $ 2,000,000 Dr Inventory $ 1,000,000 Cr Accounts receivable $ 2,000,000 Cr Cost of sales $ 1,000,000 Required: For each of the transactions above: Describe the transaction represented by the double entry; Describe two (2) audit assertions contained in the transaction that would be of interest to the auditor; and Describe two (2) substantive audit procedures the auditor will need to perform in order to verify these assertions.
The following assets are included in the December 31, 2022, balance sheet ofFortible Auto Parts, Inc.Accounts Receivable(net of Allowance for Uncollectible Accounts) $ 75,000Accumulated Depreciation, Building 20,000Building 170,000Cash 90,000Land 145,000Merchandise Inventory 92,000Trademark 125,500The total dollar amount of assets classified as property, plant, and equipment onFortible Auto Part's December 31, 2022, classified balance sheet is ____