Business, 30.09.2019 19:30, isiahamccoy8822
The following is the ending balances of accounts at june 30, 2016, for excell company. account title cash short-term investments accounts receivable debits 113,000 95,000 310,000 62,000 105,000 350,000 credits prepaid expenses land buildings accumulated depreciation-buildings equipment accumulated depreciation-equipment accounts payable accrued expenses notes payable mortgage payable common stock retained earnings 175,000 280,000 135,000 188,000 60,000 130,000 350,000 250,000 27,000 totals 1,315,000 1,315,000 additional information: 1. the short-term investments account includes $33,000 in u. s. treasury bills purchased in may. the bills mature in july 2. the accounts receivable account consists of the following: $246,000 (19,000) 80,000 3,000 a. amounts owed by customers b. allowance for uncollectible accounts-trade customers c. nontrade note receivable (due in three years) d. interest receivable on note (due in four months) $310,000 total 3. the notes payable account consists of two notes of $65,000 each. one note is due on september 30, 2016, and the other is due on november 30, 2017. 4. the mortgage payable is payable in semiannual installments of $7,000 each plus interest. the next payment is due on october 31, 2016. interest has been properly accrued and is included in accrued expenses. 5. eight hundred thousand shares of no par common stock are authorized, of which 500,000 shares have been issued and are outstanding 6. the land account includes $65,000 representing the cost of the land on which the company's office building resides. the remaining $40,000 is the cost of land that the company is holding for investment purposes. required: prepare a classified balance sheet for the excell company at june 30, 2016. (amounts to be deducted should be indicated by a minus sign.)
Answers: 2
Business, 22.06.2019 05:30, amandajbrewerdavis
Eliza works for a consumer agency educating young people about advertisements. instead of teaching students to carefully read advertisement claims, she encourages them to develop a strong sense of self and to keep their life goals and dreams separate from commercial products. why might eliza's advice make sense?
Answers: 2
Business, 22.06.2019 09:50, winterblanco
phillips, inc. had the following financial data for the year ended december 31, 2019. cash $ 41,000 cash equivalents 75,000 long term investments 59,000 total current liabilities 149,000 what is the cash ratio as of december 31, 2019, for phillips, inc.? (round your answer to two decimal places.)
Answers: 3
Business, 22.06.2019 19:50, hallkanay7398
Ichelle is attending college and has a part-time job. once she finishes college, michelle would like to relocate to a metropolitan area. she wants to build her savings so that she will have a "nest egg" to start her off. michelle works out her budget and decides she can afford to set aside $9090 per month for savings. her bank will pay her 4 %4% per year, compounded monthly, on her savings account. what will be michelle's balance in five years?
Answers: 3
The following is the ending balances of accounts at june 30, 2016, for excell company. account title...
Mathematics, 15.06.2020 04:57
Mathematics, 15.06.2020 04:57