Selected accounts from Bennett Co.s adjusted trial balance for the year ended December 31 follow. Prepare a
Question:
Selected accounts from Bennett Co.’s adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet. Note: Allowance for doubtful accounts is subtracted from accounts receivable on the company’s balance sheet.
Transcribed Image Text:
Prepaid rent $ 1,000 Accounts payable .... $2,500 Accounts receivable.. 10,000 Allowance for doubtful accounts 500 Cash .... 12,000 Notes payable (due in 10 years) 6,000 Total equity. 18,000 Notes recelvable (due in 4 years)... 4,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Financial Accounting Information For Decisions
ISBN: 9781260705584
10th Edition
Authors: John J. Wild
Question Posted:
Related Video
A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
Students also viewed these Business questions
-
Selected accounts from Gregor Co.s adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet. Common stock.. $40,000 Accounts payable... $ 2,000 Retained...
-
Selected accounts from Russel Co.s adjusted trial balance for the year ended December 31 follow. Prepare the liabilities section of its classified balance sheet. FICA-Social Security taxes...
-
Selected account balances for the year ended December 31 are provided below for Superior Company: Selling and administrative salaries ........................... $110,000 Purchases of raw materials...
-
In a 1994 study, 164 pregnant, HIV-positive women were randomly assigned to receive the drug AZT during pregnancy and 160 such women were randomly assigned to a control group that received a placebo....
-
Oxygen, like other second-period elements, is somewhat different from the other elements in its group. List some of these differences.
-
Bookmakers organize betting on football games in the following way: First, they determine a point spread that one team is expected to beat with 50-50 probability. Then bettors are allowed to bet on...
-
Two electrons 1 and 2 move along antiparallel paths separated by a distance of \(10 \mathrm{~nm}\), traveling at speeds \(v_{1}=\) \(4.0 \times 10^{7} \mathrm{~m} / \mathrm{s}\) and \(v_{2}=7.0...
-
Davidson Gasket Inc. computed a pretax financial loss of $15,000 for the first year of its operations, ended December 31, 2011. Analysis of the tax and book bases of its liabilities disclosed $55,000...
-
a) The trial balance of Nyaguthie enterprises prepared as at 30th April, 2016 failed to balance. The difference was posted to a suspense account. On investigation, the following errors were revealed....
-
Christy General Hospital, a not- for- profit organization, accounts for its activities using a General Fund ( GF), and three restricted fund groups Specific Purpose Funds ( SPF), Endowment Funds (...
-
Selected accounts from Fair Trader Co.s adjusted trial balance for the year ended December 31 follow. Prepare its income statement. Factoring fees $ 300 Interest revenue $ 3,000 .... .... .........
-
The following data are for Rocky Company. (a) Compute Rockys accounts receivable turnover. (b) If its competitor, Dixon, has an accounts receivable turnover of 7.5, which company appears to be doing...
-
Generalize the divergence theorem to the case of an -manifold with boundary in Rn.
-
4a. You work with an accounting firm in their information and analytics department. Your corporation is considering moving from on-premises systems to cloud-based services. Advise management on the...
-
2022 Stock Selection Report about Apple INC If Mr. John gives you $100,000 to invest in Apple stock and you will need to determine the corresponding number of shares the $100,000 represents....
-
Analyze that potential international market by considering the 4 aspects of the Diamond of National Advantage: industry rivalry, demand conditions, related and supporting industries, and factor...
-
The Cullumber City Ice Cream Company management has just completed an assessment of the company's assets and liabilities and has obtained the following information. The firm has total current assets...
-
+Vcc 14 R Re G The power amplifier shown is used to drive an 802/32W speaker through the transformer whose turn ratio is 2:1. The supply voltage is 24 volts. Current gain (B) of the transistor is 50....
-
(a) Write out the characteristic equation for the matrix (b) Show that, given any 3 numbers a, b, and c, there is a 3 x 3 matrix with characteristic equation - λ3 + a λ2 + b...
-
We all experience emotions, but some people disguise their true feelings better than others. Do you think this is a helpful or harmful thing to do? Under what conditions do you think it would be most...
-
Major League Bat Company manufactures baseball bats. In addition to its goods in process inventories, the company maintains inventories of raw materials and finished goods. It uses raw materials as...
-
Best Buy reports in notes to its financial statements that, in addition to its merchandise sold, it includes the following costs (among others) in cost of goods sold: freight expenses associated with...
-
Retailers such as Best Buy, Circuit City, and RadioShack usually work to maintain a high-quality and low-cost operation. One ratio routinely computed for this assessment is the cost of goods sold...
-
Al owns all the shares in Star Manufacturing Inc. Star became $800,000 in debt and declared bankruptcy. Al then went to his brother and got a loan for $150,000 and Al then incorporated a new...
-
Janet Van Tassel met Charles Carver, president of McDonald Corporation, a sub-franchisor of Baskin-Robbins Ice Cream Company. To induce her to become an ice cream store operator in a Michigan mall,...
-
You previously worked in B2C sales, but you have made the transition into B2B sales by recently accepting an entry-level B2B dental sales position in which you will sell dental chairs to dentists and...
Study smarter with the SolutionInn App