For some odd reason, my balance sheet is not adding up correctly My Total Assets and Total Liabilities Equity don't match up Can you re work the problem to see where I went wrong Davis Dry Goods Balance Sheet For the Quarter Ending June 30, 2015 Cash (from Part 2) 99,750 Accounts Receivable 506,250 Inventory (From Part 1c) 36,000 x 5 180,000 Unexpired insurance (14,400

The Answer is in the image, click to view ...

Question: For some odd reason, my balance sheet is not adding up correctly. My Total Assets and Total Liabilities & Equity don't match up. Can you

For some odd reason, my balance sheet is not adding up correctly. My Total Assets and Total Liabilities & Equity don't match up. Can you re-work the problem to see where I went wrong.

Davis Dry Goods Balance Sheet For the Quarter Ending June 30, 2015

Cash (from Part 2)		99,750
Accounts Receivable		506,250
Inventory (From Part 1c) 36,000 x 5		180,000
Unexpired insurance (14,400

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!

I need help with this accounting project that I have I did the first few transactions and added them to a general ledger but I am having difficulty with the rest. Accounting isn't my major which is...

Would you be able to put together another monthly cash flow analysis, this time for year 1? INCOME STATEMENT Year 1 269,115.00 48,930.00 20,388.00 338,433.00 $ $ $ $ COGS $ 113,940.00 $ 125,940.00 $...

Problem 23-08 BHM, ne has the folowing balance sheet: BHM, Incorporated Balance Sheet as of 12/31/XO Assets Liabilities and Equity Cash $1,600 Accounts payable $15,100 Marketable securities 1,600...

Please help me analyze the company's financial statements and/or pro-forma and design financial projections from the Boston Beer Co. Value Line for the years 2020 and 2021 (the 2020 projection is...

1. From the beginning of 2000 to its peak in 2012, Apples stock price increased by more than 25 times, from $27.97 to $702.10. Examine ONLY the financial reports (in the appendices) and identify...

help me one !!!!!! i have some question form DR Yingbing IN UTA ABOUT FINNCIAL 2. Financing decisions involve sources of capital used in the running of a firm. Investment decisions, typically called...

Just want to see General Journal entry: 1- One month of prepaid rent has expired and should be recorded as rent expense (1,500). 2- The ending store and shop supplies inventory is $475. 3- one month...

Yes, this is all one problem. Hawking, Inc. had the following activities occur in the current year: 6. Purchased $189,000 of inventory on account. 7. Earned $536,000 worth of sales revenue, receiving...

I rate good! Macro Baking (MBC) was organized late last year and had minimal activity in the first year. At the beginning of the second year, MBC had the following balance sheet: Assets: Cash...

On July 5, 2021, Anmol Karat, an MBA real estate finance student, was discussing working capital management concepts with his colleagues and shared his observations about his recent findings of the...

Apply knowledge of Health Psychology principles to your own health behaviors. Your major tasks are: Write a paper on Health Psychology and Behavioral Medicine

So, knowing what you know now about price controls, are you in favor of setting a $2 per gallon price ceiling on gasoline? Create a proprice control and an antiprice control answer.

Question:Which of the following audit procedures probably would provide the most reliable evidence concerning the entitys assertion of rights and obligations related to inventories? D ) Inspect the...

Hypothesis Testing of a Single Mean LCTCS Tuition: Louisiana Community And Technical College System consist of 2 community colleges across the state. I think RPCC's tuition and fees is lower than the...

(Appendices) COMPONENTS OF COST OF GOODS SOLD. Annas Corner Store has the following data for a recent year. LO9

(Appendices) SALES DISCOUNT POLICIES. Consider three businesses, all of which offer price reductions to their customers. The first is an independently owned Shell service station located at a busy...

(Appendices) ETHICS AND INVENTORIES. Mary Cravens is an accountant for City Appliance Corporation. One of Marys responsibilities is developing the ending inventory amount for the calculation of cost...