Calculate the missing numbers that follow the list of account balances. Enter the digits only -...
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Calculate the missing numbers that follow the list of account balances. Enter the digits only - no dollar signs or commas. Retained earnings at the beginning of the year is zero. Owner's capital = 10200 Accounts payable = 3500 Dividends = 750 Supplies 1160 Prepaid expense = 2500 Loan payable due in 2025 = 3900 Accounts receivable = 2725 Intangibles = 8400 Advertising expense = 1900 Cash = 7430 = Wages payable = 1300 Wages expense = 5500 Service revenue = 18750 Deferred revenue 1490 Rent expense = 6900 Supplies expense = 1875 Total liabilities? Total equity? Current assets? Profit for the year? A/ A A Calculate the missing numbers that follow the list of account balances. Enter the digits only - no dollar signs or commas. Retained earnings at the beginning of the year is zero. Owner's capital = 10200 Accounts payable = 3500 Dividends = 750 Supplies 1160 Prepaid expense = 2500 Loan payable due in 2025 = 3900 Accounts receivable = 2725 Intangibles = 8400 Advertising expense = 1900 Cash = 7430 = Wages payable = 1300 Wages expense = 5500 Service revenue = 18750 Deferred revenue 1490 Rent expense = 6900 Supplies expense = 1875 Total liabilities? Total equity? Current assets? Profit for the year? A/ A A
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Answer rating: 100% (QA)
To calculate the missing numbers and totals we can use the accounting equation Assets Liab... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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