Chapter t/the balance sheet
ded all items she
13. following is a list of items mary wong has presented to
accountant in order to have a balance sheet prepared for
business. wong dance studio, mary bas included all iten
felt were important
cash in business bank account $1800
personal bank account $2500
accounts receivable $1500
accounts payable $500
personal car loan $5000
house and lot $45000
dance studio building (cost) $3
dance studio building (current market price)$35000
land $2
personal car $8000
mortgage on dance studio $38000
mortgage on house $32000
studio equipment $3100
bank loan on studio equipment $1600
personal property $6600
(a) prepare a balance sheet for wong dance studio on
december 31, 19.
(b) explain why all the items listed above were not included in
the balance sheet you just prepared. refer to the gaap that
influenced your decision.
(c) which gaap was applied to determine the value of the
dance studio building on the balance sheet?
(d) using the data and concepts from (a), (b), and (c), prepare a
personal balance sheet for mary on the same date.

The late fee for library books is $2.00 plus 15¢ each day for a book that is late. if maria’s fee for a late book was $3.20, write and solve a linear equation to find how many days late the book was.

The average hourly earnings for a construction worker is projected to be $24.50 in 2012. jason wants to join the construction work force after he graduates in 2012. his friend tells him that average hourly earnings for construction workers will rise by 2% from 2009 to 2012. based on the data below, assuming that the projected hourly earnings are correct, is jason’s friend’s statement accurate? construction industry - average hourly earnings, 2000-2009 a. his friend’s statement is accurate. the average hourly earnings will increase by 2%. b. his friend’s statement is not accurate. the percent increase will be more than 2% c. his friend’s statement is not accurate. the percent increase will be less than 2% d. his friend’s statement is not accurate. the average hourly earnings will decrease

First to answer all gets a donation question 3(multiple choice worth 1 points) (04.01 lc) which of the following levels is lower than cells in the hierarchy of organization of living things? molecules organs organ systems tissues question 4(multiple choice worth 1 points) (04.01 lc) which of these represents an individual form of life such as an animal, plant, or single-celled life form? organ organism organ system tissue question 5(multiple choice worth 1 points) (04.03 lc) what are the green structures inside plant cells where photosynthesis takes place called? chloroplast mitochondrion nucleus vacuole question 6(multiple choice worth 1 points) (04.03 lc) which of the following best matches a part of a living cell with the function it performs? cytoplasm: fluid which carries the nucleus and other organelles vacuole: fluid which carries the nucleus and other organelles cytoplasm: directs all of the cell's activities vacuole: directs all of the cell's activities question 7(multiple choice worth 1 points) (04.03 mc) read the table below. organelles of plant cells present in both plants and animals present in plants but not animals small in animals but large in plants organelle a organelle b organelle c which statement is most likely correct? organelle a is chloroplast, organelle b is cytoplasm, and organelle c is nucleus. organelle a is mitochondrion, organelle b is cytoplasm, and organelle c is nucleus. organelle a is cell wall, organelle b is chloroplast, and organelle c is mitochondrion. organelle a is mitochondrion, organelle b is chloroplast, and organelle c is vacuole. question 8(multiple choice worth 1 points) (04.03 mc) what will most likely happen in the absence of a nucleus? genetic information will not be transmitted by the cell. energy will not be released during cellular respiration. the cell will not store food, water, nutrients, and waste. the cell will lose its shape and structure.