Question: what do the total liabilities and equity equal with the following accounts payable 6 6 0 0 ; accounts receivable 1 2 7 5 0

what do the total liabilities and equity equal with the following accounts payable 6600; accounts receivable 12750; administrative expense 49150;cash 28900; common stock 15000; prepaid insurance 8800; service revenue 78000

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!

Q:

We will be working with a company called Global Bike Inc., (GBI). Information regarding GBI follows. Company History Global Bike Inc. has a pragmatic design philosophy that comes from its deep roots...

Q:

Please answer the question based on the case study. Question 7/7 1 point Refer to the adjusting entry for "Accounts Receivable" of -1,604 in the Operating Section of the cash flow statement. What is...

Q:

The following changes took place last year in Pavolik Companys balance sheet accounts: Asset and Contra-Asset Accounts Liabilities and Equity Accounts Cash $ 68 I Accounts payable $ 23 I Accounts...

Q:

hey, guys can you please help me with this. I would be appreciated... 3. Closing Entry 4. Post-closing trial balance as at 30 June 2020 thank you very much Amount Date Description You go to Westpac...

Q:

Using only the balance sheet accounts below, create and balance the Balance Sheet given the data below. Include the account names in your table. (Hint: if it is not balancing, you have made an...

Q:

11. The following changes took place last year in Herald Companys balance sheet accounts: Asset and Contra-Asset Accounts Liabilities and Equity Accounts Cash $ 44 I Accounts payable $ 21 I Accounts...

Q:

11. The following changes took place last year in Herald Companys balance sheet accounts: Asset and Contra-Asset Accounts Liabilities and Equity Accounts Cash $ 44 I Accounts payable $ 21 I Accounts...

Q:

The following changes took place last year in Pavolik Companys balance sheet accounts: Asset and Contra-Asset Accounts Liabilities and Equity Accounts Cash $ 30 D Accounts payable $ 92 I Accounts...

Q:

Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31 of the prior year were inventory, $50,900; total...

Q:

Exercise 12A-3 Adjust Net Income to a Cash Basis [LO4] The following changes took place last year in Herald Companys balance sheet accounts: Asset and Contra-Asset Accounts Liabilities and Equity...

Q:

Can help me solve this qn... I'm desperate! Additional Problem These are the financial statements for Freshest Meats Ltd Balance Sheet as at 31 December 2016 2015 2016 Assets 15,000 29,000 Cash...

Q:

Researchers at the University of Washington and Harvard University analyzed records of breast cancer screening and diagnostic evaluations (Mammogram Cancer Scares More Frequent than Thought, USA...

Q:

How can the entire supply chain benefit from the use of e-procurement?

Q:

\ table [ [ , Adjusted Trial Balance,Adjusted Trial Balance ] , [ , 2 0 1 5 , 2 0 1 4 ] , [ , DR , CR , DR , Cr ] , [ Cash , 1 5 7 , 0 0 0 , , 7 8 , 0 0 0 , ] , [ A / R , 1 7 0 , 0 0 0 , , 1 8 5 , 0...

Q:

If the following join statement is used to join two tables in a query, which of the following tables would all of the tuples in the relation appear in results? left join university.students on...