Question: what is wrong with my answer? For the Month Ended December 31, 20223 Assets Cash 21500 Accounts Receivable 6000 Total Current Anets 0500 Liabilities and

what is wrong with my answer?

For the Month Ended December 31, 20223 Assets Cash 21500 Accounts Receivable 6000 Total Current Anets 0500 Liabilities and Stockholders' Equity Labilities Accounts Payable $ 61000 Stockholders' Equity 16.500 Common Stock 13000 Retained Earning 29500 $ 90500 Total Liabilities and Stockholders'Equity For the Month Ended December 31, 20223 Assets Cash 21500 Accounts Receivable 6000 Total Current Anets 0500 Liabilities and Stockholders' Equity Labilities Accounts Payable $ 61000 Stockholders' Equity 16.500 Common Stock 13000 Retained Earning 29500 $ 90500 Total Liabilities and Stockholders'Equity

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!

Case Study #1 - Sophia's Simple Soap Company Ltd. You have just begun working at Brandybuck, Gamgee & Took, a mid-size accounting firm that specializes in small business consulting. New employees are...

this one is the additional answer I want to know then additional answer 2018 Comparative Balance Sheet December 31 2019 Assets Cash $38,000 Accounts Receivable 30,000 Inventory 27,000 Equipment...

Laiho Industries's 2020 and 2021 balance sheets (in thousands of dollars) are shown. Laiho Industries: Balance Sheets as of December 31 (thousands of dollars) Cash Accounts receivable Inventories...

Financial Statements We-Sell Realty, organized as a corporation on August 1, 2018, is owned and operated by Omar Farah, the sole stockholder. We-Sell Realty Income Statement August 31, 2018 Sales...

I finished a few requirements, but I am lost in where to go next $ 651,000 DIMSDALE SPORTS COMPANY Estimated Balance Sheet December 31, 2019 Assets Cash $ 36,000 Accounts receivable 520,000 Inventory...

Hello, please help Completed Parts: DIMSDALE SPORTS COMPANY Estimated Balance Sheet December 31, 2019 Assets Cash $ 36,000 Accounts receivable 520,000 Inventory 157,500 Total current assets $ 713,500...

Hi I would like some help on the blank ones. Information is provided below and I apologize that I couldn't make the question shorter, but please do help! $ 713,500 DIMSDALE SPORIS COMPANY Estimated...

I need help with a flexible budget (part b) from the master budget (part a) numbers. However, I have issues finding the correct numbers to complete (part b). I am attaching my (part a) computations...

34 c D Festiva Holiday Classified Bala For the Year Ended D Assets Current Assets Cash Less: Accounts Receivable Less: Total Current Assets Long-Term Investments 5 7 3 . Total Long-Term Investments...

hi!! i just need help on requirements 6-8. i have already completed req 1-3 which is listed in the last picture thank you!!!! $ 713,500 DIMSDALE SPORTS COMPANY Estimated Balance Sheet December 31,...

Consider gross earnings of $80,000. The standard deduction is $12,000 and itemized deduction is $8,000. Social security tax rate is 6.2%; Medicare tax rate is 1.45%. How much is the taxable income...

Your supervisor dumped a box of sales information regarding your company and then asked you to make sense of it. You went through the information and compiled the following list of this year's weekly...

Finacial risk refers to the extra riskstockholdders bear as a result Of using euity

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...