College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN: 9781337280570
Author: Scott, Cathy J.
Publisher: South-Western College Pub
Question
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Chapter 12, Problem 2PA

1.

To determine

Prepare a statement of owners’ equity for E Stereo for the year ended December 31, 20--.

2.

To determine

Prepare a balance sheet for E Stereo, based on the account balances from work sheet, and capital of the owner from the statement of owners’ equity prepared in Part (1).

3.

To determine

Compute working capital of E Stereo (Refer to balance sheet for the values of current assets and current liabilities).

4.

To determine

Compute current ratio of E Stereo (Refer to balance sheet for the values of current assets and current liabilities).

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College Accounting (Book Only): A Career Approach

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