Question: How would I do a balance sheet using this data? Revenue 2000000 Expenses Salaries Expense supplies Expenses Rent Expense Advertisning Expense Operating Expenses usiness Internet

How would I do a balance sheet using this data?

How would I do a balance sheet using this data? Revenue 2000000

Revenue 2000000 Expenses Salaries Expense supplies Expenses Rent Expense Advertisning Expense Operating Expenses usiness Internet Service Expens Depreciation Expense Insurance Expense Interest Expense 200,000 3500 50000 1500 4000 5000 500 5000 25000

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!

Using the following balance sheet items and amounts, calculate the total liquid assets and total current liabilities. a. Total liquid assets $ b. Total current liabilities $ Money market account,...

$510,000 Cash collected for: Services to customers Cash paid for: Salaries Supplies Rent Insurance Miscellaneous Net operating cash flow $199,000 44,000 28,000 11,000 39,000 321,000 $189,000 You are...

Part (B) Accounting Cycle Comprehensive Problem Best solutions, Inc. completed the following transactions during January 2019: Shareholders invested in the business $60,000 cash and a delivery truck...

Exercise 2-18 (Algo) Cash versus accrual accounting (LO2-9) Stanley and Jones Lawn Service Company (S&J) maintains its books on a cash basis. However, the company recently borrowed $160,000 from a...

Stanley and Jones Lawn Service Company (S&J) maintains its books on a cash basis. However, the company recently borrowed $100,000 from a local bank, and the bank requires S&J to provide annual...

Exercise 2-18 (Algo) Cash versus accrual accounting (LO2-9) Stanley and Jones Lawn Service Company (S&J) maintains its books on a cash basis. However, the company recently borrowed $250,000 from a...

Exercise 2-18 (Algo) Cash versus accrual accounting (LO2-9) Stanley and Jones Lawn Service Company (S&J) maintains its books on a cash basis. However, the company recently borrowed $280,000 from a...

4 Stanley and Jones Lawn Service Company (S&J) maintains its books on a cash basis. However, the company recently borrowed $240,000 from a local bank, and the bank requires S&J to provide annual...

Selected accounts of Alkman Consulting, Inc., a financial services business, have the lodowing balances at December 31, 2016 the end of its first year of operations. During the year Loran Akman, the...

walsh anvils unadjusted trial balance P4-37B, cont. Requirement 5 WALSH ANVILS Income Statement Year Ended December 31, 2016 Revenues: Service Revenue Expenses Salaries Expense Supplies Expense Rent...

I need help finishing the income statement. here is the extra info: (The following information applies to the questions displayed below.) Now that operations for outdoor clinics and TEAM events are...

Net interest margin-often referred to as spread-is the difference between the rate banks pay on deposits and the rate they charge for loans. Suppose that the net interest margins for all U.S. banks...

A castle built for the man who founded the town of Redstone, CO, can now be yours, for $19.75 million. (Sherman, T.) A coal magnate, John Cleveland Osgood, built the castle for his wife near the town...

Requirement 4 . Discuss possible causes of the fixed manufacturing overhead variances. The fixed overhead variance is caused by the actual realization of fixed costs differing from the budgeted...

10) For a bond that pays cash interest (i.e., not a zero coupon bond), YTM is (a) always equal to the coupon rate (b) always equal to the current yield (c) is always less than the coupon rate (d) can...

4. The next time you read somethinga magazine article, a political blog, a work of nonfiction, a chapter in a textbooktake time to think about the research presented in it. What kinds of research did...

2 Was Viswanathans apology statement appropriate? What kinds of steps could Tivya take to address her mistake? Should she tell her instructor? Should you?

2. Tune in to a few news punditsfor example, Bill OReilly, Rachel Maddow, Randi Rhodes, or Rush Limbaughon the radio or on television. Listen carefully to what they say, and consider how they back up...