Whispering Winds Corp. had the following accounts and balances: Accounts payable $ Equipment $ 28500 35700 Accounts receivable 4900 Land 34200 Buildings Unearned service 9900 revenue Cash 15150 Total stockholders' ? equity If the balance of the Buildings account was $ 83700, what would be the total of liabilities and stockholders' equity?

Whispering Winds Corp. had the following accounts and balances: Accounts payable $ Equipment $ 28500 35700 Accounts receivable 4900 Land 34200 Buildings Unearned service 9900 revenue Cash 15150 Total stockholders' ? equity If the balance of the Buildings account was $ 83700, what would be the total of liabilities and stockholders' equity?

Name: Whispering Winds Corp. had the following accounts and balances:Accoun
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Description: Whispering Winds Corp. had the following accounts and balances:Accounts payable2$Equipment2850035700Accounts receivable4900Land34200Buildings?Unearned service9900revenueCash15150Total stockholders'?equityIf the balance of the Buildings account was $

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

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Bramble Company compiled the following financial information as of December 31, 2022: Revenues $333000 Owner’s Capital (1/1/22) 149000 Equipment 79300 Expenses 249000 Cash 89300 Owner's Drawings 19200 Supplies 15800 Accounts payable 40100 Accounts receivable 69500 Bramble’s owner’s equity on December 31, 2022 is $253900. $149000. $213800. $108900.
The accounting equation for Pharoah Company is as follows: Assets Liabilities Stockholders' Equity $119200 = $59600 + $59600 If Pharoah purchases office equipment on account for $26200, the accounting equation will change to Assets Liabilities Stockholders' Equity $145400 = $72700 + $72700 $119200 = $59600 + $59600 $145400 = $59600 + $85800 $145400 = $85800 + $59600
If a business has the following balances, what would be the amount of total liabilities?ASSETSCash $ 5000Accounts Receivable 2575Equipment 14000OWNER'S EQUITYAnne Miller, Capital 2600
The ledger accounts of AXX Internet Company appear as follows on March 31, 20X1: 101Cash $65,000 111Accounts receivable 35,860 121 Supplies 9,100 131 Prepaid insurance 23,500 141Equipment 103,000 142 Accumulated depreciation—Equipment 39,820 202 Accounts payable 11,500 301 Aretha Hinkle, Capital 115,000 302Aretha Hinkle, Drawing 11,500 401Fees income 311,000 510Depreciation expense—Equipment 19,660 511Insurance expense 9,900 514Rent expense 31,500 517Salaries expense 151,000 518Supplies expense 4,100 519Telephone expense 5,300 523Utilities expense 7,900 Required: Prepare the closing entries. Post the transactions into the appropriate ledger accounts. Hint: Be sure to enter beginning balances.
Please lable the following accounts as Assets, Liability, or Equity. Also if they are a DR or CR balance.1) Accounts Receivable2) Smith, Capital3) Wages Payable4) Cash5) Interest Receivable6) Taxes Payable7) Smith, Drawings8) Retained Earnings9) Buildings10) Land1) Accounts Payable2) Common Stock3) Bonds Payble4) Furniture and fixtures5) Inventory6) Interest Payable7) Dividends8) Additional paid-in-capital9) Patents and Copyright10) Short-Term Investments
xtract of Balance sheet items as at 31 December 2020 OR Land 35000 Account receivables 3500 Capital 11500 Closing Stock 15000 Loan 3000 Bank overdraft 3200 Cash 2500 Mortagage loan 7500 Machinery 1650 Trade payables 5700 Accumulated Depreciation 1000 Short term Investments 2200 Trade marks 6000 Drawings 1000 Retained Earnings 7150 Prepaid Expenses 2300 Calculate Owners Equity Select one: a. None Of These b. 8900 OMR c. 58250 OMR d. 17650 OMR
They have provided you with the following financial information: Q&A Aviation Balance Sheet (000s) Assets 20X1 20X2 Liabilities and Equity 20X1 20X2 Cash 1067 440 Accounts Payable 654 889 Accounts Receivable 823 708 Notes Payable 2300 2030 Inventory 1296 1038 Accruals 267 275 Total Current Assets 3186 2186 Total Current Liabilities 3221 3194 Plant, Property and Eq. 21663 23804 Long Term Debt 6477 5044 Accumulated Dep’n (6314) (7682) Fixed Assets (Net) 15349 16122 Common Stock 350 350 Retained Earnings 8487 9720 Total Equity 8837 10070 Total Assets 18535 18308 Total Liabilities and Equity 18535 18308 Q&A Aviation Income Statement (000s) 20X1 20X2 Sales 28934 30499 Cost of Goods Sold 19978 22225 Gross Profit 8956 8274 Expenses 3612…
12. Samantha Company had the following account balances at the end of May of the current year: Cash P48,500; Trading Securities P32.800; Receivables P72.300; Inventories P37,490; Machinery & Equipment P678.100: Furniture & Fixtures P100,640; Prepayments P85,280; Building P700,200; Patents P76,460; Trademark P56.790: Accounts Payable P276,420; Unearned Revenues P54,750; Bonds Payable P290,000; Mortgage Payable P12,370; Accrued Expenses P7,890; Interest Income P32.000: Service Revenue P765.340. Compute for the capital:*
How do I get both sides to balance? Assets =Liabilities and Stockholders Equity? I cant seem to find the shareholders equity amount. Assets Liabilities and Stockholders Equity Cash $ 7,000.00 Accounts Payable $14,000 Accounts Recievable $ 19,000.00 Long-Term Debt $140,000 Inventory $170,000.00 Shareholders Equity $7,000 PP&E $ 70,000.00 266,000 $161,000 Cash $ 7,000.00 inventory of TV $ 170,000.00 PP&E 70000 Accounts Recievable $ 19,000.00 Accounts Payable $14,000 Long-Term Debt $140,000 Shareholders Equity XX
0 ?+Equity? ¥70,000 ¥60,000a transaction in which onlystatements of Alex Greenway Co. Indicate in which financial statement(s) the following items would appear.(a) Service revenue.(e) Retained earnings. (b) Equipment. (f) Salaries and wages(in thousands). Determine theUse basic accounting equation.(LO 6)Use basic accounting equation.(LO 6)Brief Exercises 35 BE1-2 Given the accounting equation, answer each of the(a) The liabilities of Shumway Company Ltd. are £120,000 and the equity is £232,000.What is the amount of Shumway Company Ltd.’s total assets?
On May 1, 20x1, the statement of financial position of Juan and Pablo appear below:Juan PabloCash 22,000 44,708Accounts receivable 469,072 1,135,780Inventories 240,070 520,204Land 1,206,000Building 856,534Furniture and fixtures 100,690 69,578Other assets 4,000 7,200Total assets 2,041,832 2,634,004Accounts payable 357,880 487,300Notes payable 400,000 690,000Juan, Capital 1,283,952Pablo, Capital 1,456,704Total liabilities and equity 2,041,832 2,634,004Juan and Pablo agreed to form a partnership contributing their respective assets and equities subject to thefollowing adjustments:a. Accounts receivable of P40,000 in Juan’s books and P70,000 in Pablo’s books are uncollectible.b. Inventories of P11,000 and P13,400 are worthless in Juan’s and Pablo’s respective books.c. Other assets of P4,000 and P7,200 in Juan’s and Pablo’s respective books are to be written off. 3. Prepare journal entry to record Pedro’s admission. 4. During the first year of operations, the partnership earned P650,000.…
On May 1, 20x1, the statement of financial position of Juan and Pablo appear below:Juan PabloCash 22,000 44,708Accounts receivable 469,072 1,135,780Inventories 240,070 520,204Land 1,206,000Building 856,534Furniture and fixtures 100,690 69,578Other assets 4,000 7,200Total assets 2,041,832 2,634,004Accounts payable 357,880 487,300Notes payable 400,000 690,000Juan, Capital 1,283,952Pablo, Capital 1,456,704Total liabilities and equity 2,041,832 2,634,004Juan and Pablo agreed to form a partnership contributing their respective assets and equities subject to thefollowing adjustments:a. Accounts receivable of P40,000 in Juan’s books and P70,000 in Pablo’s books are uncollectible.b. Inventories of P11,000 and P13,400 are worthless in Juan’s and Pablo’s respective books.c. Other assets of P4,000 and P7,200 in Juan’s and Pablo’s respective books are to be written off.Required:1. What are the adjusted capital balances of the partners after formation? 2. Pedro offered to join for a 20% interest in…

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