TechCom has provided the following selected account information, in alphabetical order, from its adjusted trial balance at
Question:
TechCom has provided the following selected account information, in alphabetical order, from its adjusted trial balance at October 31, 2020 (assume normal balances):
Accounts receivable ..................................................................... $16,400
Accumulated depreciation, equipment ..................................... 3,800
Accumulated amortization, patent ............................................. 3,100
Accumulated depreciation, vehicles ........................................... 13,800
Allowance for doubtful accounts ................................................ 800
Cash ................................................................................................ 9,000
Equipment ..................................................................................... 25,000
Land ................................................................................................ 48,000
Patent ............................................................................................. 20,100
Vehicles .......................................................................................... 62,000
Prepare the asset section of the classified balance sheet at October 31, 2020.
Balance SheetBalance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
Step by Step Answer:
TechCom Partial Balance Sheet October 31 2020 Assets Current assets Cash 9000 Accounts receiva...View the full answer
Fundamental Accounting Principles Volume I
ISBN: 978-1260305821
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
