Use the following Information to Answer the Questions Below For the Year Ended Dec-31-2016, Our Business...
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Use the following Information to Answer the Questions Below For the Year Ended Dec-31-2016, Our Business had the Following Ending Account Balances: Common Stock=$30,000 Cash=$7,000 Accounts Payable=$11,000 Building=$70,000 Service Revenues=$35,000 Beg Retained Earnings Furniture=$10,000 = $8,000 Rent Expense=$13,000 Dividends $5,000, Notes Payable=$40,000 Utility Expenses=$4,000 Accounts Receivable=$12,000 Salary Expense=$3,000 Compute The Net Income for the Year Compute the Ending Retained Earnings Balance at Year End Compute the Ending Total Assets at Year End. Compute the Ending Total Liabilities at year End Compute the Ending Total Owners Equity at year End [Choose ] [Choose] [Choose] [Choose ] [Choose] Use the following Information to Answer the Questions Below For the Year Ended Dec-31-2016, Our Business had the Following Ending Account Balances: Common Stock=$30,000 Cash=$7,000 Accounts Payable=$11,000 Building=$70,000 Service Revenues=$35,000 Beg Retained Earnings Furniture=$10,000 = $8,000 Rent Expense=$13,000 Dividends $5,000, Notes Payable=$40,000 Utility Expenses=$4,000 Accounts Receivable=$12,000 Salary Expense=$3,000 Compute The Net Income for the Year Compute the Ending Retained Earnings Balance at Year End Compute the Ending Total Assets at Year End. Compute the Ending Total Liabilities at year End Compute the Ending Total Owners Equity at year End [Choose ] [Choose] [Choose] [Choose ] [Choose]
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Net Income Service Revenue Rent Expense Utilities Expense Salary Expense Net Income 3500... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date:
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