as some p e portions Gabriela Paola is the General Manager of Neptune Seafood House. On...
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as some p e portions Gabriela Paola is the General Manager of Neptune Seafood House. On December 31, she is completing the year-end balance sheet for her restaurant. She has already calculated the Assets portion of her balance sheet as well as s of the Liabilities and Owners' Equity sections. Complete Gabriel's balance sheet and then answer the questions that foll Neptune Seafood House December 31, Balance Sheet TOTAL ASSETS LIABILITIES AND OWNERS' EQUITY Current Liabilities Accounts Payable Payroll Taxes Payable Sales Taxes Payable Gift Cards Payable Accrued Expenses Current Portion, Long-Term Debt Total Current Liabilities Long Term Debt, Net of Current Portion Total Liabilities Owners' Equity Original Investment Retained Earnings Total Equity TOTAL LIABILITIES AND OWNERS' EQUITY $26,100 9,100 15,100 2,400 9,100 13,600 $30,000 a. What is the amount of the operation's Long Term Debt, Net of Current Portion? b. What is the amount of the operation's Retained Earnings? $450,000 $223.650 $174.850 $400,500 as some p e portions Gabriela Paola is the General Manager of Neptune Seafood House. On December 31, she is completing the year-end balance sheet for her restaurant. She has already calculated the Assets portion of her balance sheet as well as s of the Liabilities and Owners' Equity sections. Complete Gabriel's balance sheet and then answer the questions that foll Neptune Seafood House December 31, Balance Sheet TOTAL ASSETS LIABILITIES AND OWNERS' EQUITY Current Liabilities Accounts Payable Payroll Taxes Payable Sales Taxes Payable Gift Cards Payable Accrued Expenses Current Portion, Long-Term Debt Total Current Liabilities Long Term Debt, Net of Current Portion Total Liabilities Owners' Equity Original Investment Retained Earnings Total Equity TOTAL LIABILITIES AND OWNERS' EQUITY $26,100 9,100 15,100 2,400 9,100 13,600 $30,000 a. What is the amount of the operation's Long Term Debt, Net of Current Portion? b. What is the amount of the operation's Retained Earnings? $450,000 $223.650 $174.850 $400,500
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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