Question: what am i missing on this balance sheet i feel like i have evrerything needed but my balances are not equalling out this picture is

what am i missing on this balance sheet i feel like i have evrerything needed but my balances are not equalling out

have evrerything needed but my balances are not equalling out this picture

is the numbers for the balance sheet Required information [The following information

this picture is the numbers for the balance sheet

Required information [The following information applies to the questions displayed below.] On January 1, 2024, the general ledger of 3D Family Fireworks includes the following account balances: During January 2024, the following transactions occur: January 2 Provide services to customers for cash, $37,100. January 6 Provide services to customers on account, $74,400. January 15 Write off accounts receivable as uncollectible, $1,000. (Assume the company uses the allowance method) January 20 Pay cash for salaries, $31,600. January 22 Receive cash on accounts receivable, $72,000. January 25 pay cash on accounts payable, $5,700. January 30 Pay cash for utilitien during January, $13,900. 3D FAMILY FIREWORKS Balance Sheet January 31, 2024 +debir-credit

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!

A countershaft carrying two V-belt pulleys is shown in the figure. Pulley A receives power from a motor through a belt with the belt tensions shown. The power is transmitted through the shaft and...

Need Adjusted Journal Entries, (Instructions, Unadjusted Trial Balance, And Adjustments Needed) Are Posted. Adjusted Trial Balance, Income Statement, Statement of Retained Earnings, Balance Sheet,...

I have a attached a copy of the data used to answer the question Prepare a 2007 classified balance sheet and multistep income statement. Use the account balances from the unadjusted trial balance and...

please use FASB as reference source and cite reference for the answers. All the questions would like to be answered and written. Thank you very much. I am wiling to give extra credits for this entire...

You may use Microsoft Word and/or charts/formatting from Excel. Your submission must be typed. I will not accept hand-written submissions. Format and presentation count as part of your grade: you...

Please answer all questions attached to document. Thank you! You will need to refer to the consolidated financial statements of Foot Locker, Inc., that are presented in Appendix B at the end of your...

Needing ANSWERS ASAP! Starting at pg 34 - Labeled Graded Project 06155200: Graded Project Instructions & Worksheets 1 Lesson 1: Business, Accounting, and You PROJECT GOAL The goal of this graded...

Hello. Can you help with this four question problem? Case PRIVATE EQUITY CASE: MERGER CONSOLIDATION The questions below COMBINE the Ohio & Maryland PT acquisitions as if they are a single c Learning...

Prepare the financial analysis to support your decision between bankruptcy,voluntary reorganization,and Chapter11reorganization.It must be complete and prepared in a professional level,with the...

Income Statement of an interior design firm, Grand Designs, that makes money by selling hours (fees) and by selling furniture or other items (Sale of Goods). 1) Using the formula for Profit Margin,...

I started to work on my project and I am way off. Wondering if you can help me figure out the General Journal Entries and where I have gone wrong. The adjusting entries I need to do are in the word...

The coronavirus, COVID-19 started in late December 2019 in Wuhan, China. Within the space of two months it has engulfed the whole world infecting millions of people and killing hundreds of thousands....

If total revenue rises as a result of a decrease in the price of a given good, it follows that demand is inelastic. 1. Perfectly inelastic. 2. Elastic. 3. Unit elastic. 4. None of the above

In a public corporation, should the CEO of the company also be allowed to be the chairman of the board (as allowed for by the current law)? What problems might this give rise to?

The first scenario will be a Verbal Judo scenario in which your scenario follows the standard Verbal Judo interaction: You need to ask somebody to modify their behavior either to do something or to...

Set up a debate between yourself and three other colleagues with two of you arguing in favour of your pay being affected by the performance management scheme and the other two arguing that it should...

Imagine you are a manager at Sainsburys (case study 5.1) at the meeting where the scheme is being explained. Make a list of questions that you would want to ask to satisfy yourself that the scheme is...

Discuss with two of your colleagues which benefi ts are the most important ones to offer, putting them in a league table of importance. Justify your decisions.