Question: - 7100 Financial statement data for Metro Moving Company for 2020 follow. METRO MOVING COMPANY Comparative Statement of Financial Position Dec 31, 2020 Dec 31,

 - 7100 Financial statement data for Metro Moving Company for 2020
follow. METRO MOVING COMPANY Comparative Statement of Financial Position Dec 31, 2020
Dec 31, 2019 Assets Cash $ 68,600 $ 49,100 Accounts receivable 95,400
59,800 Prepaid insurance 29,600 19,600 Total current assets 193,600 128,500 Property, equipment,
and vehicles 400,000 345,000 (105,900) Accumulated depreciation (110,400) Total non-current assets 289,600

- 7100 Financial statement data for Metro Moving Company for 2020 follow. METRO MOVING COMPANY Comparative Statement of Financial Position Dec 31, 2020 Dec 31, 2019 Assets Cash $ 68,600 $ 49,100 Accounts receivable 95,400 59,800 Prepaid insurance 29,600 19,600 Total current assets 193,600 128,500 Property, equipment, and vehicles 400,000 345,000 (105,900) Accumulated depreciation (110,400) Total non-current assets 289,600 239.100 Total assets $ 483,200 $367,600 Liabilities and shareholders' equity Accounts payable $21,500 $18.600 Wages payable 3,000 4,000 Total current liabilities 24,500 22,600 Question 4 of 4

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!