subject
Business, 18.03.2021 01:10 plumagirl

The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Debit Credit
Cash $10,400
Accounts Receivable 134,000
Prepaid Rent 4,400
Supplies 22,000
Equipment 240,000
Accumulated Depreciation $119,000
Accounts Payable 10,400
Salaries Payable 9,400
Interest Payable 3,400
Notes Payable (due in two years) 24,000
Common Stock 140,000
Retained Earnings 44,000
Service Revenue 340,000
Salaries Expense 240,000
Rent Expense 12,000
Depreciation Expense 24,000
Interest Expense 3,400
Totals $690,200 $690,200

Required:
Prepare a classified balance sheet as of December 31, 2018.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 02:00
Kenney co. uses process costing to account for the production of canned energy drinks. direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. equivalent units have been calculated to be 19,200 units for materials and 16,000 units for conversion costs. beginning inventory consisted of $11,200 in materials and $6,400 in conversion costs. april costs were $57,600 for materials and $64,000 for conversion costs. ending inventory still in process was 6,400 units (100% complete for materials, 50% for conversion). the total cost per unit using the weighted average method would be closest to:
Answers: 2
question
Business, 22.06.2019 04:00
Assume that the following conditions exist: a. all banks are fully loaned up- there are no excess reserves, and desired excess reserves are always zero. b. the money multiplier is 5 .     c. the planned investment schedule is such that at a 4 percent rate of interest, investment =$1450 billion. at 5 percent, investment is $1420 billion. d. the investment multiplier is 3 . e.. the initial equilibrium level of real gdp is $12 trillion. f. the equilibrium rate of interest is 4 percent now the fed engages in contractionary monetary policy. it sells $1 billion worth of bonds, which reduces the money supply, which in turn raises the market rate of interest by 1 percentage point. calculate the decrease in money supply after fed's sale of bonds: $nothing billion.
Answers: 2
question
Business, 22.06.2019 11:30
Buyer henry is going to accept seller shannon's $282,500 counteroffer. when will this counteroffer become a contract. a. counteroffers cannot become contracts b. when henry gives shannon notice of the acceptance c. when henry signs the counteroffer d. when shannon first made the counteroffer
Answers: 3
question
Business, 22.06.2019 11:30
Money from an allowance or job is known as .
Answers: 3
You know the right answer?
The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below....
Questions
question
History, 26.08.2019 07:10
Questions on the website: 13722366