Question: Exercise 2: (40 points) Below the list of all the accounts of the trial balance of Company Startlight, Ltd. at December, 31, 2021. Only the

Exercise 2: (40 points) Below the list of all the accounts of the trial balance of Company Startlight, Ltd. at December, 31, 2021. Only the amount of the revenues is missing 1: Calculate the total of assets, liability, and stockholders equity. Explain your calculations ( 10 points) 2. Calculate the amount of revenues obtained by the company during year 2021. Explain your calculations. (10 points) 3. Prepare the trial balance of the company at December 31. 2021. (20 points)

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!

Exercise 1: (60 points) Recording Business transactions On February 1st, Brenda creates a new company providing accounting services investing $20,000 cash in exchange of 1,000 shares of capital...

6 Required information [The following information applies to the questions displayed below.) The general ledger of Pop's Fireworks includes the following account balances in 2021: Part 2 of 7 Credit...

create a general journal, general ledger, unadjusted trial balance, adjusted trial balance, income statement, and shareholder's equity statement Productions Legal Pad Nume Name 1110 Cash 1120...

A B D E w N 4 3 3 Shadow Box Photo Studio, Inc. went into business as a corporation in early 2018. For the first few years, the company provided photography services only (no merchandise). During...

I need help! I have no idea where to start when calculating the weighted average shares and earnings per share. calculation of weighted average shares and earnings per share. Part I: December Journal...

Calculate materiality Learning objective One of the underlying principles in auditing is the concept of materiality. An auditor designs procedures in order to identify and correct errors or...

7 points CEO-3] The following adjusted trial balance contains the accounts and balances of Zahid Company as of December 31, 2021, the end of its fiscal year. Cash Supplies Prepaid rent Furniture...

FULL SCREEN PRINTER VERSION #BACK Question 16 The account balances of Blossom Company at December 31, 2021, the end of the current year, show Accounts Receivable $133,200; Allowance for Doubtful...

ezto medication.com ext/map/index.html .con-condemnal browser launch253A%252F%252Fmeducation.com 252Fmgmddewan252Fmeproducts252FimacoWinc Homework Cha 8 Boilermaker Unlimited specializes in building...

Here is the question 3. Thank you so much The following information applies to the questions displayed below.) Tony and Suzie graduate from college in May 2021 and begin developing their new...

The investment committee of Heartland Insurance Co. is evaluating two projects. The projects have different useful lives, but each requires an investment of $200,000. The estimated net cash flows...

On May 31, Charlotte Company had an Accounts Payable balance of $57,000. During the month of June, total credits to Accounts Payable were $34,000, which resulted from purchases on credit. The June 30...

Which of the following is / are True about a bond rated BB : 1 . It will have a lower yield than a bond rated BBB - , all else equalIl. It is an Investment Grade bondIll. It carries more risk than a...

Students can use a variety of credible resources for their business plan and other assignments. Select the two databases we are learning to use in this class, that provide industry, company, and...

f. Did they change their names? For what reasons?

2. How do these communication technologies change intercultural communication interaction?

1. How do electronic means of communication (e-mail, the Internet, fax, and so on) differ from face-to-face interactions?