The balance sheet of Royal Equipment Supply, Inc. for June 30 , 2016 , if cash account is $ 3 , 400 , accounts receivables are $ 5 , 600 , merchandise inventory is $ 98 , 700 , prepaid insurance is $ 455 , supplies are $ 800 , land and building is $ 147 , 000 , fixtures are $ 8 , 600 , delivery vehicles are $ 27 , 000 , forklift is $ 7 , 000 , goodwill is $ 10 , 000 , accounts payables are $ 16 , 500 , notes payables are $ 10 , 000 , common stock is $ 185 , 055 , mortgage payable is $ 67 , 000 and retained earnings are $ 30 , 000 .

Question

Want to see the full answer?

Answer 1

Question

Chapter 15.I, Problem 2TIE

To determine

The balance sheet of Royal Equipment Supply, Inc. for June 30,2016, if cash account is $3,400, accounts receivables are $5,600, merchandise inventory is $98,700, prepaid insurance is $455, supplies are $800, land and building is $147,000, fixtures are $8,600, delivery vehicles are $27,000, forklift is $7,000, goodwill is $10,000, accounts payables are $16,500, notes payables are $10,000, common stock is $185,055, mortgage payable is $67,000 and retained earnings are $30,000.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 2

Question

Chapter 15.I, Problem 2TIE

To determine

The balance sheet of Royal Equipment Supply, Inc. for June 30,2016, if cash account is $3,400, accounts receivables are $5,600, merchandise inventory is $98,700, prepaid insurance is $455, supplies are $800, land and building is $147,000, fixtures are $8,600, delivery vehicles are $27,000, forklift is $7,000, goodwill is $10,000, accounts payables are $16,500, notes payables are $10,000, common stock is $185,055, mortgage payable is $67,000 and retained earnings are $30,000.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 15.I, Problem 2TIE

To determine

The balance sheet of Royal Equipment Supply, Inc. for June 30,2016, if cash account is $3,400, accounts receivables are $5,600, merchandise inventory is $98,700, prepaid insurance is $455, supplies are $800, land and building is $147,000, fixtures are $8,600, delivery vehicles are $27,000, forklift is $7,000, goodwill is $10,000, accounts payables are $16,500, notes payables are $10,000, common stock is $185,055, mortgage payable is $67,000 and retained earnings are $30,000.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 15.I, Problem 2TIE

To determine

The balance sheet of Royal Equipment Supply, Inc. for June 30,2016, if cash account is $3,400, accounts receivables are $5,600, merchandise inventory is $98,700, prepaid insurance is $455, supplies are $800, land and building is $147,000, fixtures are $8,600, delivery vehicles are $27,000, forklift is $7,000, goodwill is $10,000, accounts payables are $16,500, notes payables are $10,000, common stock is $185,055, mortgage payable is $67,000 and retained earnings are $30,000.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 15.I, Problem 2TIE

To determine

The balance sheet of Royal Equipment Supply, Inc. for June 30,2016, if cash account is $3,400, accounts receivables are $5,600, merchandise inventory is $98,700, prepaid insurance is $455, supplies are $800, land and building is $147,000, fixtures are $8,600, delivery vehicles are $27,000, forklift is $7,000, goodwill is $10,000, accounts payables are $16,500, notes payables are $10,000, common stock is $185,055, mortgage payable is $67,000 and retained earnings are $30,000.

Answer 6

Chapter 15.I, Problem 2TIE

To determine

The balance sheet of Royal Equipment Supply, Inc. for June 30,2016, if cash account is $3,400, accounts receivables are $5,600, merchandise inventory is $98,700, prepaid insurance is $455, supplies are $800, land and building is $147,000, fixtures are $8,600, delivery vehicles are $27,000, forklift is $7,000, goodwill is $10,000, accounts payables are $16,500, notes payables are $10,000, common stock is $185,055, mortgage payable is $67,000 and retained earnings are $30,000.

Answer 7

Chapter 15.I, Problem 2TIE

To determine

The balance sheet of Royal Equipment Supply, Inc. for June 30,2016, if cash account is $3,400, accounts receivables are $5,600, merchandise inventory is $98,700, prepaid insurance is $455, supplies are $800, land and building is $147,000, fixtures are $8,600, delivery vehicles are $27,000, forklift is $7,000, goodwill is $10,000, accounts payables are $16,500, notes payables are $10,000, common stock is $185,055, mortgage payable is $67,000 and retained earnings are $30,000.

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 11

Ch. 15.I - Use the following financial information to prepare...Ch. 15.I - Prob. 2TIE Ch. 15.I - Prob. 3TIE Ch. 15.I - Prob. 1RE Ch. 15.I - Prob. 2RE Ch. 15.I - Prob. 3RE Ch. 15.I - Prob. 4RE Ch. 15.I - Prob. 5RE Ch. 15.I - Prob. 6RE Ch. 15.I - Calculate the following values according to the...

Solution Summary: The author analyzes the vertical analysis of a balance sheet of Royal Equipment Supply, Inc. for June 30,2016.

Videos

Want to see the full answer?

Chapter 15 Solutions